In this paper we examine the effect of public investment on the regional economies of Japan. The efficient policy for regional allocation of public capital is to invest in highly productive regions, whereas the actual policy pursues equity goals by allocating more public investment to depressed...

In this paper data from the 1985 Japanese Population Census are used to measure 'excess' commuting among 211 origin and destination points in the Tokyo Metropolitan Area. Using an approach developed by Hamilton, it is found that about 90 per cent of commuting time in Tokyo is excess. Using...

This paper examines the economic impacts of natural disasters using the originally estimated finer geographical scale production datasets and the redefined interregional input-output table. For more effective estimates of direct losses of the disasters, the precise geographical information of...

This paper introduces a new empirical model of international trade flows based on an import intensity-adjusted measure of aggregate demand. We compute the import intensity of demand components by using the OECD Input-Output tables. We argue that the composition of demand plays a key role in...

Firms that are expanding their cross-border activities, such as vertical specialization trade, outsourcing, and fragmentation productions, have brought dramatic changes to the global economy during the last two decades. In an attempt to understand the evolution of the interaction among countries...

The past decades have witnessed a rapid globalisation of economic activity which has significantly changed the outlook of the world economy. International production, trade and investments are increasingly organised within so-called global value chains (GVCs) where the different stages in the...

Input-output (I-O) analysis has been around for nearly 70 years, and although its use has ebbed and flowed over the years, it has always retained a dedicated core of users in the worldwide research community. Recently however, there seems to have been a notable increase in the use of...