This paper considers likelihood-based testing of the null hypothesis of m0 components against the alternative of m0+1 components in a finite mixture model. The number of components is an important parameter in the applications of finite mixture models. Still, testing the number of components has...

How much do tax credits affect firms' R&D activities? What are the mechanisms? Few empirical studies directly examine the effect of tax credit policies on firms' R&D investments and the importance of financial constraints on the policy effects on R&D. This paper examines the effect of the...

Since its enactment in 1974 until its easing in the 1990s, the Large-Scale Retail Store Law (<i>Daikibo Kouri Tenpo Ho</i>) strictly regulated the entry of large-scale retailers in cities in Japan to protect local small and medium incumbent stores. This paper investigates the effect of large-scale...

This paper aims to lay down the foundation for a research project compiling the historical statistics of the Philippine economy, as part of the Research Unit for Statistical Analysis in Social Science (2003-2008), the Institute of Economic Research, Hitotsubashi University, Tokyo. First, I...

The purpose of this paper is to examine the possibility of a social choice rule to implement a social policy for “securing basic well-being for all.” For this purpose, the paper introduces a new scheme of social choice, called a social relation function (SRF), which associates to each...

We use a VAR with block exogeneity to study the effects of oil price fluctuations on the economies of six ASEAN countries. Our method has an advantage over those used in the literature in that it allows us to focus on the effects of oil shocks while avoiding making unnecessary, and often ad hoc...

This paper overviews the entire landscape of Bitcoin-like cryptocurrencies. Bitcoin has not emerged out of cryptocurrency competition, but rather became a dominant currency as the first broad market based cryptocurrency. But there are more than a hundred of cryptocurrencies in the market, and...

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In this paper, we comprehensively describe spatial patterns of long-term changes in Indian agriculture at the district level. Variables of concern include the land use intensity, the ratio of rice and wheat in areas under foodgrains, the ratio of non-foodgrains in gross cultivated area, the...

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