Housing finance system have been constituting one of the major fields of the welfare state system which should ultimately produce the affordable housing in every advanced countries. But at the same time, housing finance markets have been attracting public attention as one of the most drastically...

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In Japan, the public health insurance system consists of several health insurance plans, and equal benefit levels as well as fair burden-sharing of costs among plans are considered important under the universal system. This paper deals with health insurance reforms, which are divided into two...

In this paper we tried to consider the fiscal reconstruction processes in the United States and Japan mainly from the viewpoint of the "logic of taxpayers", which brings the pressures to control the costs of welfare state for the aged. But today's pressures toward "small government" have one...

Feldstein (1977) questioned the classical proposition which attributed to Ricard (call the Ricardian Classical Proposition), that an increase in the land rent tax lowers the price of land by the capitalized value of the tax and thus the landowners bear the entire burden of the tax, in an...

In this report, similarities and differences in the future direction of the agricultural policy in the U.S. and the Japan will be discussed. The 1996 American agricultural law, in terms of price and income support, it is moving towards liberalization. Constitutionally it still obeys the price...

This paper studies the endogenous relationship between direct foreign　investment (DFI) and trade restriction. A domestic labor union interested in both employment and wages bargains with a foreign firm and lobbies against foreign imports. By endogeneizing the wage rate and incorporating...

This paper reexamines the dynamic impacts of the proportional consumption tax in a perfect foresight model of general equilibrium with nondurable and durable consumption goods as well as productive capital. In contrast to the previous literature, it is shown that the consumption tax is not...

This paper constructs a model of international joint ventures (JVs) with political-economy considerations as the main motivation. A foreign firm decides whether to undertake full ownership foreign direct investment (FDI), or to form a JV with a home firm, while the home firm lobbies against...