Discussion Papers 2007
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F-Series
J-Series
Discussion Paper F series (in English)
- CIRJE-F-535 Abstract Braun, R. Anton, Daisuke Ikeda and Douglas H. Joines, "The Saving Rate in Japan: Why It Has Fallen and Why It Will Remain Low", December 2007.
- CIRJE-F-534 Abstract Chen, Joe, Yun Jeong Choi and Yasuyuki Sawada, "Joint Liability Borrowing and Suicide", December 2007.
- CIRJE-F-533 Abstract Kubokawa, Tatsuya, "Asymptotic Correction of Empirical Bayes Confidence Intervals in Small Area Estimation", December 2007.
- CIRJE-F-532 Abstract Nakamura, Hisashi, "Strategic Default Jump as Impulse Control in Continuous Time", December 2007; Revised in February 2008.
CIRJE-F-531 Abstract Matsuyama, Kiminori, "A One-Sector Neoclassical Growth Model with Endogenous Retirement", December 2007.
CIRJE-F-530 Abstract Ueda, Kazuo, "Trying to Make Sense of the Bank of Japan's Monetary Policy since the Exit from Quantitative Easing", December 2007; forthcoming in International Finance.
CIRJE-F-529 Abstract Shiraya, Kenichiro and Akihiko Takahashi, "Pricing and Hedging of Long-term Futures and Forward Contracts by a Three-Factor Model", November 2007; Revised in December 2007.
CIRJE-F-528 Abstract Sato, Ryuzo and Tamaki Morita, "Macro Dynamics and Labor-Saving Innovation: US vs. Japan", November 2007.
CIRJE-F-527 Abstract Iwata, Shinichiro and Koji Karato, "Homeless Networks and Geographic Concentration: Evidence from Osaka City", November 2007.
CIRJE-F-526 Abstract Chen, Joe, Yun Jeong Choi and Yasuyuki Sawada, "How Is Suicide Different in Japan?", November 2007; subsequently published in Japan and the World Economy 21(2), February 2009, 140-150.
CIRJE-F-525 Abstract Kubokawa, Tatsuya and Muni S. Srivastava, "Akaike Information Criterion for Selecting Variables in a Nested Error Regression Model", November 2007.
CIRJE-F-524 Abstract Hakamada, Takeshi, Akihiko Takahashi, and Kyo Yamamoto, "Selection and Performance Analysis of Asia-Pacific Hedge Funds", November 2007(revised version of CIRJE-F-434); forthcoming in The Journal of Alternative Investments.
CIRJE-F-523 Abstract Matsushima, Hitoshi, "Behavioral Aspects of Implementation Theory", October 2007; The further revision is forthcoming in Economics Letters.
CIRJE-F-522 Abstract Iwata, Shinichiro and Koji Karato, "Homeless Networks: Testing Peer and Homed Networks Against Location Choice", October 2007.
CIRJE-F-521 Abstract Kobayashi, Keiichiro and Noriyuki Yanagawa, "Bank Distress and the Borrowers' Productivity", October 2007.
CIRJE-F-520 Abstract Iwata, Shinichiro and Hisaki Yamaga, "Land Tenure Security and Home Maintenance: Evidence from Japan", September 2007.
CIRJE-F-519 Abstract Matsushima, Hitoshi, "Detail-Free Mechanism Design in Twice Iterative Dominance: Large Economies", September 2007; Revised Version of 2004-CF-282 and CIRJE-F-346. The further revision is forthcoming in Journal of Economic Theory as a regular article.
CIRJE-F-518 Abstract Matsushima, Hitoshi, "Role of Honesty in Full Implementation", September 2007; Revised Version of CIRJE-F-405. The further revision is forthcoming in Journal of Economic Theory as a short article.
CIRJE-F-517 Abstract Nakabayashii, Masaki and Tetsuji Okazaki, "Role of Courts in Economic Development: A Case of Prewar Japan", September 2007.
CIRJE-F-516 Abstract Tanimoto, Masayuki, "From Peasant Economy to Urban Agglomeration : The Transformation of 'Labour-intensive Industrialization' in Modern Japan", September 2007.
CIRJE-F-515 Abstract Takahashi, Makoto, Yasuhiro Omori and Toshiaki Watanabe, "Estimating Stochastic Volatility Models Using Daily Returns and Realized Volatility Simultaneously", September 2007; Revised in March 2008.
CIRJE-F-514 Abstract Nakajima, Jouchi and Yasuhiro Omori, "Leverage, heavy-tails and correlated jumps in stochastic volatility models", September 2007; Revised in January 2008.
CIRJE-F-513 Abstract Takahashi, Akihiko and Akira Yamazaki, "Efficient Static Replication of European Options for Exponential Levy Models", September 2007; Revised in January 2008 as CIRJE-F-539; forthcoming in Journal of Futures Markets.
CIRJE-F-512 Abstract Sawada, Yasuyuki and Satoshi Shimizutani, "Consumption Insurance and Risk-Coping Strategies under Non-Separable Utility: Evidence from the Kobe Earthquake", September 2007.
CIRJE-F-511 Abstract Mochida, Nobuki, "Measuring Fiscal Needs: Japan's Experiences", August 2007; forthfoming in Mochida, N., (2008), "Fiscal Decentralization and local finance in Japan", Roultledge.
CIRJE-F-510 Abstract Tsukuma, Hisayuki and Tatsuya Kubokawa, "Modifying Estimators of Ordered Positive Parameters under the Stein Loss
", August 2007.
CIRJE-F-509 Abstract Takahashi, Akihiko, "An Asymptotic Expansion Approach in Finance", August 2007.
CIRJE-F-508 Abstract Omori, Yasuhiro and Toshiaki Watanabe, "Block sampler and posterior mode estimation for a nonlinear and non-Gaussian state-space model with correlated errors", August 2007; Revised Version of 2003-F-221.
CIRJE-F-507 Abstract Omori, Yasuhiro and Toshiaki Watanabe, "Block Sampler and Posterior Mode Estimation for Asymmetric Stochastic Volatility Models", August 2007; forthcoming in Computational Statistics and Data Analysis.
CIRJE-F-506 Abstract Miyawaki, Koji and Yasuhiro Omori, "Duality-Based Bayesian Analysis of Residential Gas Demand
under Decreasing Block Rate Pricing", August 2007; Revised in September 2007.
CIRJE-F-505 Abstract Kano, Takashi, "Habit Formation and the Present-Value Model of the Current Account: Yet Another Suspect", August 2007; Revised as CIRJE-F-572.
CIRJE-F-504 Abstract Ikeda, Ryoichi and Takao Kobayashi, "Why some Distressed Firms Have Low Expected Returns", July 2007; Revised in September 2007.
CIRJE-F-503 Abstract Kunitomo, Naoto and Kentaro Akashi, "The Conditional Limited Information Maximum Likelihood Approach to Dynamic Panel Structural Equations", July 2007.
CIRJE-F-502 Abstract Fukuda, Shin-ichi, "Knightian Uncertainty and Poverty Trap in a Model of Economic Growth", June 2007; forthcoming in Review of Economic Dynamics.
CIRJE-F-501 Abstract Behrens, Kristian, Cem Ertur and Wilfried Koch, "'Dual' gravity: Using spatial econometrics to control for multilateral resistance", June 2007.
CIRJE-F-500 Abstract Okazaki, Tetsuji, "Economic Development, Income Inequality and Social Stability
in Prewar Japan: A Prefecture-level Analysis", June 2007.
CIRJE-F-499 Abstract Anderson, T. W. and Naoto Kunitomo, "On Likelihood Ratio Tests of Structural Coefficients: Anderson-Rubin (1949) revisited", May 2007.
CIRJE-F-498 Abstract Sawada, Yasuyuki, Kazumitsu Nawata, Masako Ii and Jeong-Joon Lee, "Did the Credit Crunch in Japan Affect Household Welfare? An Augmented Euler Equation Approach Using Type 5 Tobit Model", May 2007.
CIRJE-F-497 Abstract Takahashi, Akihiko and Kohta Takehara, "Fourier Transform Method with an Asymptotic Expansion Approach: an Application to Currency Options", May 2007; Revised in January 2008 as CIRJE-F-538; forthcoming in International Journal of Theoretical and Applied Finance.
CIRJE-F-496 Abstract Nakajima, Kentaro and Takatoshi Tabuchi, "Estimating Interregional Utility Differentials", May 2007.
CIRJE-F-495 Abstract Hamao, Yasushi, Takeo Hoshi and Tetsuji Okazaki, "Listing Policy and Development of the Tokyo Stock Exchange in the Pre-War Period", May 2007.
CIRJE-F-494 Abstract Nakayama, Keita and Akihiko Takahashi, "A Factor Allocation Approach to Optimal Bond Portfolio", May 2007; Revised Version of 2006-F-438.
CIRJE-F-493 Abstract Aoki, Masanao and Hiroshi Yoshikawa, "Non-Self-Averaging in Macroeconomic Models: A Criticism of Modern Micro-founded Macroeconomics", May 2007; Revised in July 2008.
CIRJE-F-492 Abstract Matsushima, Hitoshi, "Tit-For-Tat Equilibria in Discounted Repeated Games with Private Monitoring", April 2007.
CIRJE-F-491 Abstract Kandori, Michihiro, "Chicken in Prison: Weakly Belief-Free Equilibria in Repeated Games with Private Monitoring", April 2007.
CIRJE-F-490 Abstract Iwamoto, Yasushi and Akihisa Shibata, "International and Intergenerational Aspects of Capital Income Taxation in an Endogenously Growing World Economy", April 2007; forthcoming in Review of International Economics.
CIRJE-F-489 Abstract Fukuda, Shin-ichi and Yoshifumi Kon, "Liquidity Risk Aversion, Debt Maturity, and Current Account Surpluses: A Theory and Evidence from East Asia", April 2007; forthcoming in T. Ito and A. Rose eds., International Financial Issues in Pacific Rim, University of Chicago Press.
CIRJE-F-488 Abstract Chib, Siddhartha, Yasuhiro Omori and Manabu Asai, "Multivariate Stochastic Volatility", April 2007; Revised in May 2007.
CIRJE-F-487 Abstract Hannah, Leslie, "Pioneering Modern Corporate Governance: a View from London in 1900", March 2007; subsequently published in Enterprise and Society, vol. 8, no. 3, September 2007, pp. 642-86.
CIRJE-F-486 Abstract Hannah, Leslie, "Logistics, Market Size and Giant Plants in the Early 20th Century: A Global View", March 2007; forthcoming in Journal of Economic History, vol. 68, no. 1, March, 2008.
CIRJE-F-485 Abstract Kurosaki, Takashi, Yasuyuki Sawada, Asit Banerji, and S.N. Mishra, "Rural-Urban Migration and Urban Poverty: Socio-Economic Profiles of Rickshaw Pullers and Owner-Contractors in North-East Delhi", March 2007.
CIRJE-F-484 Abstract Sawada, Yasuyuki and Michael Lokshin, "Obstacles to School Progression in Rural Pakistan: An Analysis of Gender and Sibling Rivalry Using Field Survey Data", March 2007; subsequently published in Journal of Development Economics 88(2), 2009, pp. 335-347.
CIRJE-F-483 Abstract Sato, Ryuzo and Tamaki Morita, "Quantity or Quality: The Impact of Labor-Saving Innovation on US and Japanese Growth Rates, 1960-2004", March 2007.
CIRJE-F-482 Abstract Khan, Haider A. and Mariko Frame, "China's Energy Security: National Security, Ecological Balance and Regional Co-operation", March 2007.
CIRJE-F-481 Abstract Omori, Yasuhiro, "Efficient Gibbs Sampler for Bayesian Analysis of a Sample Selection Model", March 2007; Revised in March 2007; appeared at Statistics & Probability Letters, 77, 1300-1311, 2007.
CIRJE-F-480 Abstract Khan, Haider A. and Zulfiqar Larik, "Globalization and Regional Co-operation in South Asia: A Political and Social Economy Approach", March 2007.
CIRJE-F-479 Abstract Magnus, Jan R., "The asymptotic variance of the pseudo maximum likelihood estimator", March 2007; subsequently published in Econometric Theory 23, 2007, 1022-1032.
CIRJE-F-478 Abstract Danilov, Dmitry and Jan R. Magnus, "On the estimation of a large sparse Bayesian system: the Snaer program", February 2007.
CIRJE-F-477 Abstract Khan, Haider A., "Social Accounting Matrix: A Very Short Introduction for Economic Modeling", February 2007.
CIRJE-F-476 Abstract Magnus, Jan R. and Karim M. Abadir, "On some definitions in matrix algebra", February 2007.
CIRJE-F-475 Abstract Khan, Haider A., "Women's Rights as Human Rights : A Political and Social Economy Approach within a Deep Democratic Framework", February 2007.
CIRJE-F-474 Abstract Takahashi, Akihiko and Kohta Takehara, "An Asymptotic Expansion Approach to Currency Options with a Market Model of Interest Rates under Stochastic Volatility Processes of Spot Exchange Rates", February 2007; Revised in August 2007 and January 2009; subsequently published in Asia-Pacific Financial Markets, vol.14, pp.69-121.
CIRJE-F-473 Abstract Tsukuma, Hisayuki and Tatsuya Kubokawa, "The Stein phenomenon in simultaneous estimation of normal precisions", February 2007.
CIRJE-F-472 Abstract Srivastava, Muni S. and Tatsuya Kubokawa, "Akaike Information Criterion for Selecting Components of the Mean Vector in High Dimensional Data with Fewer Observations", February 2007.
CIRJE-F-471 Abstract Nakamura, Tsuyoshi and Hiroshi Ohashi, "Productivity, Capital Utilization, and Intra-firm Diffusion: A Study of Steel Refining Furnaces", February 2007.
CIRJE-F-470 Abstract Akram, Tanweer and Haider A. Khan, "Dark Matter: Some Reflections on the Current Account Debate", February 2007.
CIRJE-F-469 Abstract Frame, Mariko and Haider A. Khan, "Deep Democracy ; A Political and Social Economy Approach", February 2007.
CIRJE-F-468 Abstract Khan, Haider A, "A Theory of Deep Democracy and Economic Justice in the Age of Postmodernism", February 2007.
CIRJE-F-467 Abstract Matsushita, Yukitoshi, "t-Tests in a Structural Equation with Many Instruments", February 2007.
CIRJE-F-466 Abstract Matsushita, Yukitoshi, "Approximate Distributions of the Likelihood Ratio Statistic in a Structural Equation with Many Instruments", February 2007 forthcoming in Journal of Japan Statistical Society.
CIRJE-F-465 Abstract Hannah, Leslie, "What did Morgan's Men really do?", January 2007.
CIRJE-F-464 Abstract Khan, Haider A., "Sustainability and Surplus", January 2007.
CIRJE-F-463 Abstract Khan, Haider A., "Social Accounting Matrices(SAMs) and CGE Modeling:Using Macroeconomic Computable General Equilibrium Models for Assessing Poverty Impact of Structural Adjustment Policies", January 2007.
CIRJE-F-462 Abstract Khan, Haider A., "Trade Liberalization and Poverty Reduction in General Equilibrium: The Role of Labor Market Structure", January 2007.
CIRJE-F-461 Abstract Nakata, Hiroyuki and Yasuyuki Sawada, "Demand for non-life insurance: A cross-country analysis", January 2007.
CIRJE-F-460 Abstract Hannah, Leslie, "The Divorce of Ownership from Control from 1900: Re-calibrating Imagined Global Historical Trends", January 2007;subsequently published in Business History, vol. 49, no. 4, July 2007, pp. 404-38.
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Discussion Paper J series (in Japanese)
- CIRJE-J-189 Abstract Okazaki, Tetsuji, "Supplier Network and Aircraft Production in Japan, 1939-1945:
A Case of Mitsubishi Heavy Industries, Ltd.", December 2007; wŽO•HŽj—¿ŠÙ˜_Wx,‘æ8† ŒfÚ—\’èB
- CIRJE-J-188 Abstract Abe, Makoto, "An Individual Level RF Analysis based on Consumer Behavior Theory: A Hierarchical Bayes Framework on the Pareto/NBD Model", November 2007.
- CIRJE-J-187 Abstract Obinata, Takashi, "Value Relevance of Earnings Changes and Levels", October 2007.
- CIRJE-J-186 Abstract Kubokawa, Tatsuya, "Theory of Linear Mixed Models and its Applications to Small Area Estimation", October 2007.
- CIRJE-J-185 Abstract Shiraya, Kenichiro, Akihiko Takahashi and Yosuke Fukunishi, "Pricing and Hedging of Long-Term Futures and Forward Contracts
by a Three-Factor Model", October 2007; Revised in November and December 2007; FSAƒŠƒT[ƒ`EƒŒƒrƒ…[2007i2008”N3ŒŽ”sjpp.159-188 ‚ÉŒfÚ..
- CIRJE-J-184 Abstract Mochida, Nobuki, "Local VAT in Japan: sustainable foundation for future", August 2007; wŒoÏŠw˜_Wxi“Œ‹ž‘åŠwj‘æ73Šª2†, 2007”N10ŒŽ ŒfÚ—\’èB
- CIRJE-J-183 Abstract Mochida, Nobuki, "Reform of Local Bonds System in Japan", August 2007., "Information Revealing Effects of Anti-takeover Amendments: A case of Japan in 2005 ", August 2007; ŠL’ËŒ[–¾•Òw’n•ûà‚ÌŒoÏ•ªÍi‰¼‘èjx’†‰›ŒoÏŽÐ, 2008”N ŒfÚ—\’èB
- CIRJE-J-182 Abstract Hirose, Sumio, Tomotaka Fujita and Noriyuki Yanagawa, "Information Revealing Effects of Anti-takeover Amendments: A case of Japan in 2005 ", August 2007.
- CIRJE-J-181 Abstract Obinata, Takashi, "The Usefulness of Accounting Information and the Valuation of the Firm \\ A Reexamination of the Efficient Market Hypothesis \\", August 2007.
- CIRJE-J-180 Abstract Ikeda, Ryoichi and Takao Kobayashi, "Closed-form Solution of Bond Prices with Postponement of Redemption", July 2007.
- CIRJE-J-179 Abstract Ikeda, Ryoichi and Takao Kobayashi, "A Structural Approach without Path Dependency", June 2007.
- CIRJE-J-178 Abstract Okuno-Fujiwara, Masahiro, Hirokazu Takizawa and Yasunori Watanabe, "Increasing Complexity of Artifacts and the Role of Product Architecture", June 2007; Revised version of CIRJE-J-158 (2006).
- CIRJE-J-177 Abstract Obinata, Takashi, "Value Relevance of Earnings Information in Japan \\ A Survey: The Empirical Findings by Foreign Researchers \\", May 2007.
- CIRJE-J-176 Abstract Kobayashi, Takao, Jeffrey Bohn and Risa Sai, "Global Risk Sharing: Toward a stronger Financial System", April 2007.
- CIRJE-J-175 Abstract Masuyama, Jun and Makoto Abe, "Customer-Based Brand Portfolio Analysis", April 2007; w‹GŠ§ƒ}[ƒPƒeƒBƒ“ƒOƒWƒƒ[ƒiƒ‹x,2008”N6ŒŽ, 109† ŒfÚ—\’èB
- CIRJE-J-174 Abstract Okazaki, Tetsuji, "An Introduction to Historical Comparative Institutional Analysis", March 2007.
- CIRJE-J-173 Abstract Omori, Yasuhiro and Toshiaki Watanabe, "Markov chain Monte Carlo method and its application to the stochastic volatility model", March 2007; wŽÐ‰ïEŒoÏ‚Ì“Œv‰ÈŠwx, ‘—F’¼lEŽR–{‘ñ•Ò, “Œ‹ž‘åŠwo”ʼnï 2007”N12ŒŽŠ§s—\’èB
- CIRJE-J-172 Abstract Okuno-Fujiwara, Masahiro, Takako Fujiwara-Greve and Nobue Suzuki, "Social Norms an Voluntary Cooperations", January 2007; wŒoÏŒ¤‹†xˆê‹´‘åŠwŒoÏŒ¤‹†Š, 2007”N4ŒŽ, ‘æ58Šª‘æ2†C@pp110-121 ŠŽûB
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