The 1st International Conference
ofthe Japan Economic Policy Association

November 30 − December 1, 2002

Chuo University, Korakuen Campus
Tokyo, Japan

Main theme

Nation States and Economic Policy: Conflict and Cooperation

Japan Economic Policy Association

JEPA
jepa@tamacc.chuo-u.ac.jp

Organizing Committee
Chair

Akira Yokoyama (Chuo University)
Takashi Gunjima(Doshisha University)

Hiroyuki Kawanobe (Tokai University)
Kohei Komamura (Toyo University)
Yasumi Matsumoto (Waseda University)
Hiroshi Saito (Aichi Gakuin University)
Mitsuo Sasaki (Shumei University)
Koji Shinjo (Kobe University)
Sawako Takeuchi (Toyo University)
Yoji Taniguchi (Chuo University)
Akio Torii (Yokohama National University)

Program Committee
Chair

Yasumi Matsumoto (Waseda University)
Yoshihiko Akashi(Osaka City University)

Yuko Arayama (Nagoya University)
Kohei Komamura (Toyo University)
Takayuki Nagoh (Kobe University)
Sawako Takeuchi (Toyo University)
Yoji Taniguchi (Chuo University)
Akio Torii (Yokohama National University)
Hiroto Tsukada (Yamaguchi University)
Akira Yokoyama (Chuo University)

Managing Committee
Chairs Mamoru Nakano
Masumi Kishi(Chuo University)(Chuo University)

Members Hitoshi Kugenuma (Kyoto Gakuin University)
Toru Murakami (Otemon Gakuin University)
Masayoshi Tanishita （Chuo University）
Yoshiaki Ushifusa （The University of Kitakyushu）

Conference Secretariat
Sawaka Okada
Emiko Amano
Shumpei Yaoita2

Program
Saturday, November 30
9:30-9:50 (Room 5534)

Opening
Opening Address
Speaker: Hiroshi Kato (The First President of the JEPA, Chiba University of Commerce)

Presidential Address
Speaker: Akira Yokoyama (The President of the JEPA, Chuo University)
9:50-11:50 (Room 5534)

Plenary Session 1:

Nation States and Economic Policy: Conflict and Cooperation
Chair: Masu Uekusa (Toyo University)

Governance and Economic Integration in a Global Economy: The Experience of the EU
and Challenges for ASEAN
Speaker: Suthiphand Chirathivat (Chulalongkorn University)
Discussant: Hiroaki Hayakawa (Chuo University)

On the Economic Revitalization Strategies
Speaker: Shuhei Shiozawa (Keio University, and Cabinet Office of Japanese Government)
Discussant:Niels Fuhrmann (Rheinische Friedrich Wilhelms Universität Bonn & KobeUniversity)

Rethinking the Role of the State with Special Reference to New Economic Polices inSouth Asia
Speaker: M. Shamsul Haque (National University of Singapore)
Discussant: Tamon Yamada (Keio University)(11:50-13:00 Lunch Time)
13:00-15:00 (Room 5534)

Session 1: Resource and Environmental Policies (1)Chair: Akira Yokoyama (Chuo University)

Czech Republic Nation State and Environmental Policy: History and PresentSpeaker:

Petr Sauer (University of Economics in Prague)

Discussant: Masumi Hakogi (Hiroshima University of Economics)

China's Energy Strategy Early in the 21st Century
Speaker:

Jiejiao Liu (Chinese Academy of Social Science)

Discussant: Akira Kinoshita (Tohoku Bunkagakuen University)

Environmental Regulation and International Competitiveness in Korea
Speaker:

Il-Chung Kim (Dongguk University) & Dong Seok Kim (Korea Development Institute)

Discussant: Hiroshi Fukagawa (Kyushu University)3

13:00-15:00 (Room 5335)

Session 2:
Chair:

Japanese Economic Problems

Hiroyuki Kawanobe (Tokai University)

Main Features of the Japanese Financial System: The Japanese Postal Saving System inInternational Comparison
Speaker:Niels Fuhrmann (Rheinische Friedrich Wilhelms Universität Bonn & Kobe University)

Discussant: Satoru Matsubara (Toyo University)

Japan as a Multiple-communitarian Society: A Tragedy of Anti-commons
Speaker:

Shigeto Naka (Hiroshima City University)

Discussant: Masashi Nishikawa (Saitama University)

Nation States and Economic Policy: Conflict and Cooperation (Japanese case)
Speaker:

Caleb Rukundo (Makerere University Kampala, East Africa)

Discussant: Shigeto Naka (Hiroshima City University)

13:00-15:00 (Room 5336)

Session 3: International Monetary Affairs (1)Chair: Anwar Nasution (University of Indonesia)

Economic Preconditions for Monetary Cooperation in East Asia
Speaker:

Junichi Goto (Kobe University)

Discussant: Kazutomo Abe (Tokyo Denki University)

The Grondona System of Conditional Currency Convertibility: A Basis for Conflict-Free
Monetary Cooperation
Speaker:

Patrick Collins (Azabu University)

Discussant: Yukinobu Kitamura (Hitotsubashi University)

A Currency Basket Regime in East Asia
Speaker:

Junichi Mori & Naoyoshi Kinukawa (Institute for International Monetary Affairs)

Discussant: Patrick Collins (Azabu University)

13:00-15:00 (Room 5235)

Session 4: International Conflict and Cooperation (1)Chair: Masumi Kishi (Chuo University)

FDI Evolution in China and Regional Development: From Institutional Reform toAgglomeration Economies Perspectives
Speaker:

Chyau Tuan & Linda F. Y. Ng (The Chinese University of Hong Kong)

Discussant: Mitsuo Ezaki (Nagoya University)

Japan and China: Driving Forces of a Regional Monetary Arrangements in East Asia?
Speaker:

Tetsuji Murase (Kyoto University)

Discussant: Modjtaba Sadria (Chuo University)

Exchange Rate, Exchange Rate Volatility and Foreign Direct Investment
Speaker:Kozo Kiyota (Yokohama National University) & Shujiro Urata (Waseda University)

Discussant: Chyau Tuan (The Chinese University of Hong Kong)4

(15:00-15:20 Coffee Break)

15:20-17:20 (Room 5534)

Session 5: Resource and Environmental Policies (2)Chair:

Jiejiao Liu (Chinese Academy of Social Science)

Trade, Externalities of Industrial Pollution, and Economic Geography: The Case of
Asymmetrical Pollution
Speaker:

Tohru Naito (Kyushu Kyoritsu University)

Discussant: Shunichi Maekawa (Meikai University)

A Criterion of Participation in Global Governance of CO2 Emissions for the Perspective ofSustainable Economic Development in East Asia
Speaker:

Yoko Wake, Nguyen Kim Anh, Jung Woojong & Rapipongs B. Silpa (Keio University)

Discussant: Jiejiao Liu (Chinese Academy of Social Science)

The Effect of Emissions Trading on International Environmental Agreements
Speaker:

Jan-Tjeerd Boom (The Royal Veterinary and Agricultural University)

Discussant: Naoki Matsuo (Climate Experts)

15:20-17:20 (Room 5335)

Session 6: Resource and Environmental Policies (3)Chair: Il -Chung Kim (Dongguk University)

Ecotourism, Common Pool Resources and Regional Environment Management
Speaker:

Masahiro Yabuta (Chuo University)

Discussant: Shigeru Matsumoto (Kansai University)

Common Pool Resources, Preference for Environmental and Ecotourism
Speaker:

Takanori Ida (Prefectural University of Kumamoto)Discussant: Yoshifumi Ueda (Hiroshima University)

Deforestation, Common Pool Resources and International Trade
Speaker:

Yasuhito Yamanishi (Chuo University)

Discussant: Mihoko Shimamoto (Hosei University)

15:20-17:20 (Room 5336)

Session 7:

International Monetary Affairs (2)Chair: Hideaki Murase (Nagoya City University)

Unemployment Assistance: Policy Implications from the 1997 Financial Crisis in Korea
Speaker:

Young-bum Park (Hansung University)

Discussant: Sei Kuribayashi (Chuo University)

Production Technology of Malaysian Commercial Banks before and after Asian Crisis: A
Stochastic Econometric Analysis Adjusted to The Non- Performing Loans
Speaker:

Hidenobu Okuda (Hitotsubashi University), Hidetoshi Hashimoto (Nihon University)& Michiko Murakami (Japan Bank for International Cooperation)

Discussant: Mika Kitamura (Central Research Institute of Electric Power Industry)515:20-17:20 (Room 5235)

Session 8: International Conflict and Cooperation (2)Chair:

Mitoshi Yamaguchi (Kobe University)

Resolving Conflict over Natural Resources through Gains in Productivity
Speaker: Barun Mitra & Ekta Thakur (Liberty Institute)
Discussant: Hiroyuki Ooba (Reitaku University)

Economic Globalization and the Citizens' Welfare State
Speaker:

Hiroto Tsukada (Yamaguchi University)

Discussant: Kohei Komamura (Toyo University)

Foreign Workers' Adjustment in Korea: Comparing Filipino and Other Asian Workers
Speaker:

Byoung Mohk Choi (Kyung Hee University)

Discussant: Tomoko Furugori (Chuo University)

Welcome Dinner (18:00-20:00)
at Tokyo Green Hotel Suidobashi
1-1-16 Misakicho, Chiyoda-ku, Tokyo
Phone 03-3295-4161 / Fax 03-3295-8764
About 15 minutes' walk from Korakuen Campus at Chuo University

Sunday, December

1

9:00-11:00 (Room 5534)

Session 9: Resource and Environmental Policies (4)Chair: Kazuhiro Ueta (Kyoto University)

Load of Carbon Tax by Region and Income Group
Speaker:

Kiyoshi Fujikawa (Konan University)

Discussant: Noriyuki Goto (University of Tokyo)

Reforming the Japanese Car-related Taxation System to Meet CO2 Emission Targets
Speaker:

Masayoshi Tanishita (Chuo University)

Discussant: Kiyoshi Fujikawa (Konan University)

The Double Dividend of an Environmental Tax Reform in Japan:
on the 1995 Input-Output Table
Speaker:

Seung-Joon Park (Kyoto Sangyo University)

Discussant: Il-Chung Kim (Dongguk University)

6A CGE Analysis Based9:00-11:00 (Room 5335)

Session 10: Macroeconomic Performance (1)Chair:

Yasumi Matsumoto (Waseda University)

Political Implication of Statistical Analyses of Information Technology Investment inJapanese Banks
Speaker:

Yasuharu Ukai (Kansai University) & Shinji Watanabe (University of OsakaPrefecture)

Discussant: Kouhei Ohtsuka (Member of the House of Councillors)

Comparison of the Economic Performances during the Presidential Regime in Korea
Speaker:

Jae Won Kim (Hanyang University)

Discussant: Katsuyoshi Okui (Otemon Gakuin University)

An Analysis of Technological Progress and Technical Efficiency of Japanese and Korean
Manufacturing Sector: Different Policy Implications
Speaker:

Se-Young Bae (Konyang University)

Discussant: Takanobu Nakajima (Keio University)

9:00-11:00 (Room 5336)

Session 11: Optimal Taxation
Chair:

Stanley L. Winer (Carleton University)

A Design of Optimal Commodity Taxation: A Case of Japan and Korea
Speaker:

Joong-Ho Kook (Yokohama City University)

Discussant: Satoshi Watanabe (Chuo University)

9:00-11:00 (Room 5235)

Session 12: International Conflict and Cooperation (3)Chair:

Suthiphand Chirathivat (Chulalongkom University)

Private and Public Voluntary Contributions to Foreign Aid: An Empirical Analysis
Speaker:

Masayoshi Hayashi (Meiji Gakuin University)

Discussant: Worawet Suwanrada (Osaka University)

Environmental Assessment Process of Japanese ODA and Its Alternative
Speaker:

Kosuke Ninomiya (Kyushu Kyoritsu University)

Discussant: Petr Sauer (University of Economics in Prague)

Japan's Foreign Policy: Monterrey, WSSD, and the Doha RoundSpeaker:

Hirohisa Kohama (University of Shizuoka)

Discussant: Tatsuo Arima (Waseda University)(11:00-11:15 Coffee Break)7

11:15-13:15 (Room 5534)

Session 13: Resource and Environmental Policies (5)Chair:

Jan-Tjeerd Boom (The Royal Veterinary and Agricultural University)

Provision of Public Goods and NPOSpeaker:

Hiroshige Tanaka (Chuo University)

Discussant: Tetsuro Okazaki (Chiba University of Commerce)

A Concept of Compact City for Sustainable Development
Speaker: Akira Kinoshita (Tohoku Bunkagakuen University)
Discussant: Noritoshi Ariyoshi (Kumamoto University)

11:15-13:15 (Room 5335)

Session 14: Macroeconomic Performance (2)Chair:

Nobuhito Takeuchi (Nagoya University)

The Effects of Fiscal Policy in Japan: Simulation Analysis with Forward-looking
Macroeconometric Model
Speaker:

Ryokichi Chida (Meiji University)

Discussant: Akio Torii (Yokohama National University)

Informatization Policy in Korea: Current Situation and Future Development Strategy
Speaker:

Sae Eok Han (Tamna University)

Discussant: Tatsuya Omura (Keio University)

Regional Diversity of Economic Growth and Its Source in China
Speaker:

Yuko Arayama & Katsuya Miyoshi (Graduate School of Nagoya University)

Discussant: Linda F. Y. Ng (The Chinese University of Hong Kong)
11:15-13:15 (Room 5336)

Session 15: Basic Theory for Economic Policy
Chair:

M. Shamsul Haque (National University of Singapore)

The Role of Entrepreneurship in Institutional Change: A Public
Incomplete-Contract Approach to the Problem of Structural Reform
Speaker:

Yoshifumi Ueda (Hiroshima University)

Discussant: Taro Ozawa (Keio University)

A Welfare Economic Approach as a Basis for Economic Policy
Speaker:

Daisuke Udagawa (Waseda University)

Discussant: Shigeaki Mizutani (Nanzan University)

Dynamic Heckcsher-Ohlin Model under Monopolistic Competition
Speaker:

Kenichiro Ikeshita (Kyushu University)

Discussant: Kazuharu Kiyono (Waseda University)

8Choiceand11:15-13:15 (Room 5235)

Session 16: International Monetary Affairs (3)Chair:

Young-bum Park (Hansung University)

Economic policies in the Asian Crisis Countries Before and After the Crisis
Speaker:

Masaaki Komatsu (Hiroshima University)

Discussant: Suminori Tokunaga (University of Tsukuba)

The Bank Restructuring Program in Indonesia Since 1997-98
Speaker: Anwar Nasution (University of Indonesia)
Discussant: Nobuhiko Kosuge (Kanda University of International Studies)(13:15-14:15 Lunch Time)

14:15-16:15 (Room 5534)

Plenary Session 2: Keynesian Policy Reconsidered
Chair:

Takashi Matsugi (Aichi Gakuin University)

The Deflationary Gap in Japan, 1970-2000: A Quantitative Measurement
Speaker:

Haruki Niwa (Osaka Gakuin University)

Discussant: Ryokichi Chida (Meiji University)

Effective Demand and National Income: A Microeconomics of the IS-LM Analysis
Speaker:

Michihiro Ohyama (Keio University)

Discussant: Nobuhito Takeuchi (Nagoya University)

Searching for Keynes: The Transitory Component in the Evolution of the Public Sector with
Application to Canada, 1870-1995
Speaker:

Stanley L. Winer (Carleton University)

Discussant: Hideaki Murase (Nagoya City University)

16:15-16:30 (Room 5534)

Closing
Closing Address
Speaker: Hiroyuki Kawanobe (A Vice-President of the JEPA, Tokai University)

9

Information: Welcome Dinner (11/30 Saturday)

The Welcome Dinner takes place in the “Tokyo Green Hotel Suidobashi,” starting at
18:00. A fine Japanese buffet and sake will be offered.
Tokyo Green Hotel Suidobashil Address

1-1-16 Misakicho, Chiyoda-ku, Tokyo
postal code 101-0061

l TEL 03-3295-4161
l FAX

03-3295-8764

l Access
3 minutes' walk from Suidobashi station. (East-EX), JR Sobu Line
5 minutes' walk from Suidobashi station. (A1-EX.), Subway Toei-Mita line
15 minutes' walk from Korakuen Campus, Chuo University10