The effect of the macroeconomic shock on Japanese exports, caused by the financial crisis, was far more excessive than in other countries. This paper focuses on the relationship between the change in U.S. demand and the Japanese export structure, which was formed before the crisis, as a reason...

This paper presents an endogenous growth model, in which entry, exit, and growth are endogenously determined through the rational behavior of agents, to investigate the effects of growth-enhancing policies on the exit rate of firms, and on the unemployment rate as well. Unlike standard...

This paper examines the link between crime and labor market opportunities in Japan. To examine the link, this paper estimates the crime supply function, introduced by Becker (1968), using Japanese Prefectural Panel data. The empirical results demonstrate that not whole labor market conditions...

This paper develops an overlapping generations model that incorporates two-sector (market and non-market) production, sexual difference, and fertility choice. Our model could explain the joint evolution of production structure, household time allocation, and fertility broadly observed in the...

We consider the relationship between a traditional competitive market and a competitive market with middlemen for trading indivisible commodities. We demonstrate that existence of many homogeneous middlemen leads to a change from the market with middlemen to the bilateral market.

In this paper, we consider a market of indivisible goods with middlemen as an assignment market. Initially, we show that the set of all imputations given by competitive equilibria of an assignment market with middlemen who trade a single unit of indivisible goods coincides with the core of the...

This paper investigates poverty traps with the Local Allocation Tax (LAT) grants in Japan. The LAT grants, which distributed to local governments by the central government, may be hesitated to make efforts for enhancing regional economic growth, due to the calculation of the LAT grants. We show...

This paper analyzes labor supply behaviour for Japanese married men and women taking account for their joint decision. The estimation results by simultaneous tobit implies that Japanese wives reduce their labor supply when husbands increase their labor supply while husbands do not change their...

Roy, Falk and Fuller (2004) presented a procedure aimed at providing a test for the value of the slope of a trend function that has (nearly) controlled size in autoregressive models whether the noise component is stationary or has a unit root. In this note, we document errors in both their...

Recently, discussion of corporate tax reduction is hot political issue in Japan. Especially, some researchers and politicians insist on the reduction of corporate tax rate, following the fact of "Corporate tax paradox", which means that corporate tax revenue per Gross Domestic Product (GDP) has...