Discussion Papers 2005
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F-Series
J-Series
Discussion Paper F series (in English)
- CIRJE-F-392 Abstract
Braun, R. Anton, Julen Esteban-Pretel, Toshihiro Okada and Nao Sudou, "A Comparison of the Japanese and U.S. Business Cycles", December 2005.
- CIRJE-F-391 Abstract
Akai, Nobuo and Motohiro Sato, "Decentralized leadership meets soft budget", December 2005.
- CIRJE-F-390 Abstract
Kamiya, Kazuya and Takashi Shimizu, "Real Indeterminacy of Stationary Equilibria in Matching Models with Divisible Money", November 2005; subsequently published inJournal of Mathematical Economics 42, 2006, pp. 594-617.
- CIRJE-F-389 Abstract Kubokawa, Tatsuya and Hisayuki Tsukuma, "Estimation of Parameters in a Linear Regression Model under the Kullback-Leibler Loss", November 2005; subsequently published as "Estimation in a liner regression model under the Kullback-Leibler loss and its application to model selection", Journal of Statistical Planning and Inference 137, 2487-2508, 2007.
- CIRJE-F-388 Abstract
Aoki, Masanao, "Cluster Size Distributions of Heterogeneous Economic Agents: Are there non-self-averaging phenomena in economics? ", October 2005.
- CIRJE-F-387 Abstract
Doi, Takero, Toshihiro Ihori and Kiyoshi Mitsui, "Sustainability, Debt Management, and Public Debt Policy in Japan", October 2005.
- CIRJE-F-386 Abstract
Khan, Haider A., "Deconstructing Postmodernism and the Mainstream Developmental Discourse of Women's Empowerment in the (South) Asian Context", October 2005.
- CIRJE-F-385 Abstract
Khan, Haider A., "China's Energy Dilemma", October 2005.
- CIRJE-F-384 Abstract
Matsui, Muneya and Akimichi Takemura, "Goodness-of-Fit Tests for Symmetric Stable Distributions - Empirical Characteristic Function Approach", October 2005.
- CIRJE-F-383 Abstract
Matsuyama, Kiminori, "The 2005 Lawerence R. Klein Lecture: Emergent Class Structure", October 2005.
- CIRJE-F-382 Abstract
Okazaki, Tetsuji, "Determinants and Effects of Employing Professional Corporate Executives: A Case of Cotton Spinning Companies in Pre-war Japan", October 2005; Revised in December 2005, forthcoming in Tetsuji Okazaki ed. Production Orgazanizations in Japanese Economic Development, London: Routledge, 2006
.
- CIRJE-F-381 Abstract
Miwa, Yoshiro and J. Mark Ramseyer, "Trade Credit, Bank Loans, and Monitoring: Evidence from Japan", October 2005.
- CIRJE-F-380 Abstract
Esteban-Pretel and Elisa Faraglia, "Monetary Shocks in a Model with Loss of Skills", October 2005 ; Revised in February 2009.
- CIRJE-F-379 Abstract
Okazaki, Tetsuji, Michiru Sawada and Ke Wang, "The Fall of "Organ Bank" Relationships During the Wave of Bank Failures and Consolidations: Experience in Pre-war Japan", October 2005; forthcoming in Corporate Ownership and Control, Vol.5-1.
- CIRJE-F-378 Abstract
Tsukuma, Hisayuki and Tatsuya Kubokawa, "Methods for Improvement in Estimation of a Normal Mean Matrix", September 2005; subsequently published in Journal of Multivariate Analysis, 2007.
- CIRJE-F-377 Abstract
Lee, Jeong-Joon and Yasuyuki Sawada, "Precautionary Saving under LiquidityConstraints: Evidence from Rural Pakistan", September 2005.
- CIRJE-F-376 Abstract
Matsushima, Hitoshi "Mechanism Design with Side Payments: Individual Rationality and Iterative Dominance", September 2005; forthcoming in Journal of Economic Theory (regular article) .
- CIRJE-F-375 Abstract
Ueda, Kazuo "The Bank of Japan's Struggle with the Zero Lower Bound on Nominal Interest Rates: Exercises in Expectations Management", September 2005; subsequently published in International Finance, Summer 2005, Vol. 8, No. 2, 329-350.
- CIRJE-F-374 Abstract
Baba, Naohiko, Motoharu Nakashima, Yousuke Shigemi and Kazuo Ueda, "The Bank of Japan's Monetary Policy and Bank Risk Premiums in the Money Market", September 2005; subsequently published in International Journal of Central Banking, March 2006, Vol.2, No. 1, 105-136.
- CIRJE-F-373 Abstract Duffie, Darrel, Leandro Saita and Ke Wang, "Multi-Period Corporate Default Prediction With Stochastic Covariates", September 2005.
- CIRJE-F-372 Abstract Ihori, Toshihiro, Ryuta Ray Kato, Masumi Kawade and Shun-ichiro Bessho, "Public Debt and Economic Growth in an Aging Japan", September 2005.
- CIRJE-F-371 Abstract Esteban-Pretel, Julen, "The Effects of the Loss of Skills on Unemployment Fluctuations", September 2005; Revised in November 2007.
- CIRJE-F-370 Abstract Choi, Yun Jeong, "Patterns of Retail and Wholesale Price Variations : Its Implication on Sticky Price Model", September 2005.
- CIRJE-F-369 Abstract Ishida, Isao, "Scanning Multivariate Conditional Densities with Probability Integral Transforms", September 2005.
- CIRJE-F-368 Abstract Nakamura, Tsuyoshi and Hiroshi Ohashi ,"Technology Adoption, Learning by Doing, and Productivity: A Study of Steel Refining Furnaces", September 2005; forthcoming in Journal of Industrial Economics, 2008.
- CIRJE-F-367 Abstract Choi, Yun Jeong, "Retailer Dynamic Pricing Behavior: Their Impacts on Consumer Welfare", September 2005.
- CIRJE-F-366 Abstract Matsuoka, Ryosuke, Akihiko Takahashi and Yoshihiko Uchida, "A New Computational Scheme for Computing Greeks by the Asymptotic Expansion Approach", September 2005; forthcoming in Asia-Pacific Financial Markets (Special Issue on Mathematical Finance) .
- CIRJE-F-365 Abstract Iwamoto, Yasushi, "Interaction between Monetary and Fiscal Policy and the Policy Mix, Theoretical Consideration and Japanese Experience", September 2005; subsequently published inThe Effectiveness of Stabilization Politics: The Bank of Corea International Conference 2005
, Seoul: Bank of Corea, 2005, pp. 149-183.
- CIRJE-F-364 Abstract Fukuda, Shin-ichi, Munehisa Kasuya and Jouchi Nakajima, "Deteriorating Bank Health and Lending in Japan: Evidence from Unlisted Companies Undergoing Financial Distress", September 2005; subsequently published inJournal of the Asia Pacific Economy
Vo.11, No.4, December 2006, pp.482-501.
- CIRJE-F-363 Abstract Li, Yiting and Akihiko Matsui, "A Theory of International Currency and Seigniorage Competition", September 2005.
- CIRJE-F-362 Abstract Kubokawa, Tatsuya and Muni S. Srivastava, "Estimation of the Precision Matrix of a Singular Wishart Distribution and its Application in High Dimensional Data", August 2005.
- CIRJE-F-361 Abstract Hoshino, Nobuaki "On a limiting quasi-multinomial distribution", August 2005.
- CIRJE-F-360 Abstract Peng, Shin-Kun and Takatoshi Tabuchi, "Spatial Competition in Variety and Number of Stores", August 2005; forthcoming in Journal of Economics and Management Strategy, vol. 16, pp. 227-250, 2007.
- CIRJE-F-359 Abstract Harrington, Joseph E. Jr. and Joe Chen, "Cartel Pricing Dynamics with Cost Variability and Endogeneous Buyer Detection" , August 2005; subsequently published in International Journal of Industrial Organization, 24(6), pp1185-1212, 2006.
- CIRJE-F-358 Abstract Chen, Joe and Joseph E. Harrington , Jr., "The Impact of the Corporate Leniency Program on Cartel Formation and the Cartel Price Path" , August 2005; subsequently published in The Political Economy of Antitrust, pp59-80, 2007.
- CIRJE-F-357 Abstract Chen, Joe, "The Market Structure of Nasdaq Dealer Markets and Quoting Conventions" , August 2005.
- CIRJE-F-356 Abstract Sawada, Yasuyuki and Jonna P. Estudillo, "The MDGs and Exit Time: The Case of the Philippines" , August 2005.
- CIRJE-F-355 Abstract Okazaki, Tetsuji, Michiru Sawada and Kazuki Yokoyama, "Measuring the Extent and Implications of Director Interlocking in the Pre-war Japanese Banking Industry", July 2005; forthcoming in Journal of Economic History .
- CIRJE-F-354 Abstract Lee, Jeong-Joon, "Observational Equivalencebetweenthe Malmquist Index and the Solow Residualfor the G-7 Countries" , July 2005; subsequently published in Empirical Economics Letters 2005, 4, (6), 345-352.
- CIRJE-F-353 Abstract Esteban-Pretel, Julen, "Loss of Skill and Retraining in a Matching Model", July 2005.
- CIRJE-F-352 Abstract Hannah, Leslie, "The Whig Fable of American Tobacco, 1895-1913", July 2005; subsequently published in Journal of Economic History, vol. 66, no. 1, March 2006, pp. 42-73
- CIRJE-F-351 Abstract Fukuda, Shin-ichi and Satoshi Koibuchi, "The Impacts of "Shock Therapy" under a Banking Crisis : Experiences from Three Large Bank Failures in Japan", July 2005; subsequently published inJapanese Economic Review Vol. 57, No. 2 (Jan. 2006), pp.232-246.
- CIRJE-F-350 Abstract Nishimura, Kiyohiko G., Takanobu Nakajima and Kozo Kiyota, "Innovation Versus Diffusion: Determinants of Productivity Growth Among Japanese Firms", June 2005.
- CIRJE-F-349 Abstract Tsai, Ming-Tien and Tatsuya Kubokawa, "Estimation of Several Wishart Mean Matrices", June 2005; published as "Estimation of Wishart mean matrices under simple tree ordering", Journal of Multivariate Analysis, 98, 945-959, 2007.
- CIRJE-F-348 Abstract Akai, Nobuo, Yusaku Horiuchi and Masayo Sakata, "Short-run and Long-run Effects of Corruption on Economic Growth: Evidence from State-Level Cross-Section Data for the United States", June 2005.
- CIRJE-F-347 Abstract Kamiya, Kazuya and Takashi Shimizu,"A New Technique for Proving the Existence of Monetary Equilibria in Matching Models with Divisible Money", June 2005; published as "Existence of Equilibria in Matching Models of Money: A New Technique", Economic Theory 32, 2007, pp447-460.
- CIRJE-F-346 Abstract Matsushima, Hitoshi, "Large Market Design in Dominance", June 2005.
- CIRJE-F-345 Abstract Okazaki, Tetsuji, ""Voice" and "Exit" in Japanese Firms during the Second World War: Sanpo Revisited", June 2005; Revised version of CIRJE-F-243 (2003), forthcoming in Economic History Review.
- CIRJE-F-344 Abstract Hunter, Janet, "Understanding the Economic History of Postal Services: Some Preliminary Observations from the Case of Meiji Japan", May 2005.
- CIRJE-F-343 Abstract Braun, R. Anton and Yuichiro Waki, "Monetary Policy during Japan's Lost Decade", May 2005.
- CIRJE-F-342 Abstract Tsukuma, Hisayuki and Tatsuya Kubokawa, "Stein Phenomenon in Estimation of Means Restricted to a Polyhedral Convex Cone", May 2005; forthcoming in Journal of Multivariate Analysis, 2007.
- CIRJE-F-341 Abstract Nishimura, Kiyohiko G., Takanobu Nakajima and Kozo Kiyota, "Productivity Convergence at the Firm Level", May 2005.
- CIRJE-F-340 Abstract Miwa, Yoshiro and J. Mark Ramseyer, "The Good Occupation", May 2005.
- CIRJE-F-339 Abstract Baba, Naohiko, Motoharu Nakashima, Yosuke Shigemi and Kazuo Ueda, "The Bank of Japan's Monetary Policy and Bank Risk Premiums in the Money Market", May 2005; subsequently published in International Journal of Central Banking, March 2006, Vol.2, No. 1, 105-136.
- CIRJE-F-338 Abstract Matsuoka, Ryosuke and Akihiko Takahashi, "A New Computational Scheme for Computing Greeks by the Asymptotic Expansion Approach", April 2005; Revised as CIRJE-F-366.
- CIRJE-F-337 Abstract Kobayashi, Takao, Seisho Sato and Akihiko Takahashi, "Style Analysis Based on a General State Space Model and Monte Carlo Filter", April 2005.
- CIRJE-F-336 Abstract Oda, Nobuyuki and Kazuo Ueda, "The Effects of the Bank of Japan's Zero Interest Rate Commitment and Quantitative Monetary Easing on the Yield Curve: A Macro-Finance Approach", April 2005; subsequently published in The Japanese Economic Review, September 2007, Vol. 58, No. 3, 303-328.
- CIRJE-F-335 Abstract Takahashi, Akihiko and Nakahiro Yoshida, "Monte Carlo Simulation with Asymptotic Method", April 2005; forthcoming in Journal of Japan Statistical Society.
- CIRJE-F-334 Abstract Khan, Haider A., "Governance, African Debt, and Sustainable Development: Policies for Partnership with Africa", April 2005.
- CIRJE-F-333 Abstract Akai, Nobuo and Dan Sasaki, "Action Timing as a Collusive Common Good", March 2005.
- CIRJE-F-332 Abstract Akai, Nobuo and Dan Sasaki, "Inflexibility as a Stabilisation Device", March 2005.
- CIRJE-F-331 Abstract Khan, Haider, "Governance and Effectiveness of Japanese Aid: Towards Optimality", March 2005.
- CIRJE-F-330 Abstract Fukuda, Shin-ichi, Munehisa Kasuya and Jouchi Nakajima, "Bank Health and Investment: An Analysis of Unlisted Companies in Japan", March 2005.
- CIRJE-F-329 Abstract Kiyota, Kozo and Tetsuji Okazaki, "Foreign Technology Acquisition Policy and Firm Performance in Japan, 1957-1970: Micro-aspects of Industrial Policy", March 2005; Revised version of CIRJE-F-274 (2004), forthcoming in International Journal of Industrial Organization.
- CIRJE-F-328 Abstract Braun, R. Anton, Daisuke Ikeda and Douglas H. Joines, "Saving and Interest Rates in Japan: Why They Have Fallen and Why They Will Remain Low", March 2005.
- CIRJE-F-327 Abstract Konya, Istvan and Hiroshi Ohashi, "International Consumption Patterns among High-income Countries: Evidence from the OECD data", March 2005; subsequently published in Review of International Economics, 2007, 15(4), 744-757.
- CIRJE-F-326 Abstract Chousa, Juan Pineiro, Haider A. Khan, Davit N. Melikyan and Artur Tamazian, "Institutional and Financial Determinants of Development: New Evidence from Advanced and Emerging Markets", March 2005.
- CIRJE-F-325 Abstract Ohashi, Hiroshi, "How does Ownership Structure Affect the Timing of New Product Introductions? Evidence from the U.S. Video Game Market", March 2005.
- CIRJE-F-324 Abstract Srivastava M. S. and Tatsuya Kubokawa, "Comparison of Discrimination Methods for High Dimensional Data", March 2005; subsequently published in, Journal of the Japan Statistical Society, 37, 123-134, 2007.
- CIRJE-F-323 Abstract Kamiya Kazuya and Takashi Shimizu, "On the Role of Tax-Subsidy Scheme in Money Search Models", March 2005; subsequently published in International Economic Review 48, 2007, 575-606.
- CIRJE-F-322 Abstract Arimoto, Yutaka, Tetsuji Okazaki and Masaki Nakabayashi, "Risk, Transaction costs, and Geographic Distribution of Share Tenancy: A Case of Pre-War Japan", March 2005.
- CIRJE-F-321 Abstract Anderson, T. W., Naoto Kunitomo and Yukitoshi Matsushita, "A New Light from Old Wisdoms : Alternative Estimation Methods of Simultaneous Equations and Microeconometric Models", February 2005.
- CIRJE-F-320 Abstract Hamao, Yasushi, Takeo Hoshi and Tetsuji Okazaki, "The Genesis and the Development of the Pre-war Japanese Stock Market", February 2005.
- CIRJE-F-319 Abstract Arai, Yoichi and Eiji Kurozumi, "Testing for the Null Hypothesis of Cointegration with Structural Breaks", February 2005; subsequently published in Econometric Reviews, Volume 26, Issue 6 November 2007 , pages 705 - 739.
- CIRJE-F-318 Abstract Yotopoulos, Pan A. and Yasuyuki Sawada, "Exchange Rate Misalignment: A New Test of Long-Run PPP Based on Cross-Country Data", February 2005; subsequently published in Applied Financial Economics, 16, 127-134, 2006.
- CIRJE-F-317 Abstract Kubokawa, Tatsuya and Ming-Tien Tsai, "Estimation of Covariance Matrices in Fixed and Mixed Effects Linear Models", January 2005; subsequently published in Journal of Multivariate Analysis, 97, 2242-2261, 2006.
- CIRJE-F-316 Abstract Oum, Tae Hoon, Xiaowen Fu and Mark Lijesen, "An Analysis of Airport Pricing and Regulation in the Presence of Competition Between Full Service Airlines and Low Cost Carriers", January 2005; forthcoming in Journal of Transport Economics and Policy, Vol. 40, Part 3, September 2006, 425-447.
- CIRJE-F-315 Abstract Akai, Nobuo and Masayo Sakata, "Fiscal Decentralization, Commitment and Regional Inequality: Evidence from State-level Cross-sectional Data for the United States", January 2005.
- CIRJE-F-314 Abstract Sawada, Yasuyuki and Satoshi Shimizutani, "Are People Insured Against Natural Disasters? Evidence from the Great Hanshin-Awaji (Kobe) Earthquake in 1995", January 2005.
- CIRJE-F-313 Abstract Akai, Nobuo and Kazuhiko Mikami, "On Fiscal Federalism under Democracy", January 2005; published as "Fiscal decentralization and centralization under a majority rule: A normative analysis" in Economic Systems, 2006, 30,41-55.
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Discussion Paper J series (in Japanese)
- CIRJE-J-142 Abstract Obinata, Takashi, "Bankruptcy Analysis and Going-concern Opinion Is Cox Proportional Hazard Model applicable to the auditing practice? ", December 2005.
- CIRJE-J-141 Abstract Akiyama, Gouta and Naoto Kunitomo, "On Risk Management Methods of Equity-Linked Insurance and Practical Problems", October 2005; HŽR‹‘¾E‘—F’¼lu•ÏŠz”N‹à•ÛŒ¯‚Ì“Œv“IƒŠƒXƒNŠÇ—–@F‹Ç–Ê“]Š·ƒ‚ƒfƒ‹‚Ì—˜—pƒŠƒXƒN‚Æ•ÛŒ¯v, ƒŠƒXƒN‚Æ•ÛŒ¯i“ú–{ƒAƒNƒ`ƒ…ƒAƒŠ[‰ïj2006, 21-40•Å‚ÉŒfÚB
- CIRJE-J-140 Abstract Obinata, Takashi, "Value Relevance of Earnings Components in the Income Statement", September 2005.
- CIRJE-J-139 Abstract Obinata, Takashi, "Value Relevance of Legally Mandated Provisions", September 2005.
- CIRJE-J-138 Abstract Sawada, Yasuyuki and Satoshi Shimizutani, "Coping with Damages caused by the Great Hanshin-Awaji Earthquake", September 2005.
- CIRJE-J-137 Abstract Okazaki, Tetsuji, "Long-term Economic Plans in Japan: Historical and Comparative Perspective ", September 2005; Revised: December 2005.
- CIRJE-J-136 Abstract Okazaki, Tetsuji, "An Introduction to Economic History", August 2005.
- CIRJE-J-135 Abstract Kunitomo, Naoto and Makoto Takaoka, "Seasonality and Seasonal Switching Time Series Models", July 2005; ‘—F’¼lE‚‰ªTuŒoÏ‹Gß«‚Æ‹Gß“]Š·ŽžŒn—ñƒ‚ƒfƒ‹v, Vol.35-1, 1-26, 2005”N, “ú–{“ŒvŠw‰ïŽ(“ú–{“ŒvŠw‰ï)‚ÉŒfÚB
- CIRJE-J-134 Abstract Tanimoto, Masayuki, "The Male Workers in the Factory circa 1910 FA Case Study of a Soy Sauce Brewery in Japan", July 2005; ‘å㤋ƑåŠw¤‹ÆŽj”Ž•¨ŠÙw¤‹ÆŽj”Ž•¨ŠÙ‹I—vx‘æ6†A2005”NA1-21•Å‚ÉŒfÚB
- CIRJE-J-133 Abstract Okazaki, Tetsuji, Esuke Taniyama and Masaki Nakabayashi, "Role of Local Communities in Economic Developement: A Survey Focusing on the Export Industries in Nineteenth Century Japan", June 2005.
- CIRJE-J-132 Abstract Yanagawa, Noriyuki, Sumio Hirose and Fumio Akiyoshi, "Bankruptcy Law, Corporate Finance, and Corporate Revival Process in Japan", June 2005.
- CIRJE-J-131 Abstract Ikeda, Ryoichi, Takao Kobayashi and Akihiko Takahashi, "Modeling Credit Risk: A Structural Approach with Long-term and Short-term Debts", May 2005.
- CIRJE-J-130 Abstract Mori, Tateshi, "Labor Management in Yawata Steel Works From 1890s To 1930s", April 2005.
- CIRJE-J-129 Abstract Suzuki, Tsuneo, Yoichi Kobayakawa and Kazuo Wada, "An Analysis of Shareholders' Lists for 60 Cotton Spinning Companies in 1898", April 2005.
- CIRJE-J-128 Abstract Takeda, Haruhito, "Industrial structure in the era of Japan's Industrial Revolution", April 2005; wŒoÏŠw˜_Wx“Œ‹ž‘åŠwŒoÏŠw‰ï, ‘æ71Šª‘æ3†, 2005”N10ŒŽ ‚ÉŒfÚB
- CIRJE-J-127 Abstract Sasase, Yoshitaka and Tatsuya Kubokawa, "Asymptotic Correction of Empirical Bayes Confidence Intervals and its Application to Small Area Estimation", March 2005; w“ú–{“ŒvŠw‰ïŽx, ƒVƒŠ[ƒYJ, 35, 27-54, 2005”N, ‚ÉŒfÚB
- CIRJE-J-126 Abstract Tanimoto, Masayuki, "What Did Kaisen Tonya (Wholesaler in port) Do? : A Case from Hiroumi 1860-1890", February 2005; wŽY‹Æ‰»‚Ƥ‰ÆŒo‰cxAΈ䊰Ž¡E’†¼‘•ÒA–¼ŒÃ‰®‘åŠwo”ʼnïA2006”NA329-359•Å‚ÉŒfÚB
- CIRJE-J-125 Abstract Tanimoto, Masayuki, "The New Development of Dispersed Production System: A Case from the Japanese Toy Industry in the Inter-war Period", February 2005;@w¶ŽY‘gD‚ÌŒoÏŽjxA‰ªè“N“ñ•ÒA“Œ‹ž‘åŠwo”ʼnïA2005”NA231-290•Å‚ÉŒfÚB
- CIRJE-J-124 Abstract Ito, Takatoshi and Yuko Hashimoto, "High-frequency Contagion between the Exchange Rates and Stock Prices during the Asian Currency Crisis", February 2005.
- CIRJE-J-123 Abstract Obinata, Takashi, "Value Relevance of Segment Disclosure in Railroad Industry", January 2005.
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