)The 8th International Conference of the Japan Economic Policy Assiciation
atCenter for National University Finance and Management, Tokyo, JAPANNovember 28-29, 2009

Main Theme:“The Financial Crisis and Economic Depression:
Tasks of Economic Policies in Simultaneous Slowdown of the World Economy”

SESSION PROGRAM＊ ＊ ＊November 28th (1st day)＊ ＊ ＊Registration : 9:15 - 9:30
Opening Session : 9:30 - 9:45
9:45 - 11:45

Plenary Session I
Chair: RHODES, James R.

National Graduate Institute for Policy Studies

1. The Role of Local Governments to Stimulate National Economic Growth in the Era of Financial Crisis:The Indonesian CaseUBIYANTORO, Heru Ministry of Finance, Indonesia
2. The financial crisis: market reaction and new role of central banks
SOGANO, Hidehiko Bank of Japan, Japan
3. Global Imbalances and the Global Financial Crisis
THORBECKE,Willem
George Mason University, USA & Asian Development Bank Institute, USA)* * * * *Luncheon : 11:45 - 13:15* * * * *1

13:15 - 16:15
Room 1
Session I : Theory of Economic Policy and Fiscal Policy
Developed Stock Markets in Global Recession Environment
Speaker

PIVAC, Snježana

University of Split ＊ALJINOVIĆ, Zdravka

University of Split

ŠEGO, Boško

University of Zagreb

Government Financings in a Two-Sector Model with Productive Externality
Speaker

LEE, Shun-Fa

Tamkang Universit

The Determinants of the Demand for Japanese Defense Expenditure
Speaker

ANDO, Shio

Meiji University,

Contribution of Knowledge-Intensive Services to Economic Growth
Speaker KINOSHITA, Yumiko
University of Tokyo
Indebtedness as the Actuator of Croatian Economic Crisis
Speaker JURUN, Elza
University of Split ＊ARNERIĆ, Josip
University of Split
Creating a U.S. Sovereign Wealth Fund
Speaker

TEMPLIN, Benjamin A.

Thomas Jefferson School of Law

Room 2Session II : Monetary and Financial Policy
China’s Stock Reform, Stock Stamp Tax and Stock Prices Dynamics
Speaker

TSOU, Chiau-hsin

Feng Chia Universit ＊WANG, Wei

Feng Chia Universit

LAI, Chung-hui

Feng Chia Universit

Banking Sector Development in CEE Countries: Panel Data Approach
SpeakerSKRABIC, Blanka

University of Split ＊SARNERIĆ, Josip

University of Split

Multivariate Statistical Approach to Credit Risk Assessment and Valuation for Loans
Speaker

PIVAC, Snježana

University of Split ＊ALJINOVIĆ, Zdravka

University of SplitTOMIĆ-PLAZIBAT, Neli

University of Split

Theoretical Reflection of Impacts of Psychological Contracts on Global Financial Crisis
Speaker

PEPUR, Mario
PEPUR, SandraVIDUČIĆ, Ljiljana

University of Split ＊University of Split
University of Split

Credit Rationing in Agriculture of Kazakhstan (Micro-Econometric Analysis)
SpeakerGAISINA, Sholpan

Nagoya University

Multivariate Statistical Approach to Credit Risk Assessment and Valuation for Loans
Speaker

ROZGA, Ante
KLINAC, Ivica
EPCEGOVAC, Roberto

University of Split ＊Hypo-Alpe Adria Bank
Splitska banka Societe Generale Group2

Room 3Session III : Resource and Environmental Policy
Energy Policy Evolution in Taiwan
Speaker

LIAO, Huei-Chu

Tamkang University ＊LEE, Yi-Huey

Nanhua University

Chiadzwa Diamonds: Zimbabwe's potential economic recovery option
Speaker

MAKOCHEKANWA, Albe

Ministry of Trade and Industry, ETHIOPIA

Trade Liberalization and Optimal Environmental Policies in Vertical Related Markets
Speaker

CHUNG, Hui-Lin

National Dong-Hwa University

Effects of Biomass Resource Use in Asian Countries: Asian Inter-Regional Input-Output Analysis
Speaker

KUNIMITSU, Yoji

National Institute for Rural Engineering of NARO

Why is Highly Priced “Hybrid-car” so Strong in the Market? :Theoretical Approach on Regulation Technology, and Subsidies
Speaker

ARAYAMA, Yuko

Nagoya University

Technological Change in Environmental Quality and Economic GrowthSpeaker

MAEDA, Akira

Kyoto University ＊NAGAYA, Makiko

Kyoto University

Room 4Session IV : Industrial Organization and Structural Policy
Fee versus Royalty Licensing in Bertrand Competition in the Presence of Trade Barriers
Speaker TSENG, Ching-ChihTamkang University ＊LIANG, Wen-Jung
Tamkang University
Vertical Integration with Fixed Cost in an Upstream Market: NSK/Amatsuji Merger
Speaker:

MIZUNO, Tomomichi

Japan Fair Trade Commission

ARAI, Koki

Japan Fair Trade Commission

KEDA, Chiduru

Kobe University

NISHIMURA, Nobufumi University of Toyama
Signaling Reversal under Price Competitio
Speaker Chiu, Hsien-HungNational Chi Nan University
Optimal Industry Structures in a Procurement Contract Model
Speaker

OBA, Shigemi

Nihon University

Small and Medium Enterprise Policy: A Case Analysis of Japan
Speaker

SOBITOV, Khiloldin

Kobe University

Industry-wide Lobbying Increases the Special Favors Enjoyed by Privileged Firms
Speaker DAPENG, Cai
Nagoya University ＊JIE, Li3

Room 101
Session V : Growth and Dveropment Policy
New Quality of Economic Growth Concept
Speaker

MITRAKHOVICH, Tatiana Nikolayevna

Volgograd State Technical University ＊POPKOVA, Elena Gennadjenva

Volgograd State Technical University

HAKHOVSKAYA, Larissa Semenovna
Volgograd State Technical University
Productivity Analysis of ICT Sector across Countries with Special Reference to India:
Direction for New Science Policy
Speaker MATHUR, Somesh K.
Indian Institute of Technology
Determinants of Child Mortality in Lao DPR: Regional and Ethnic Difference
Speaker

PHONVISAY, Alay

Kobe University

Comparison of Productivity Growth between Taiwanese and Korea Electronics Firms: Does Firm Size Matter?
Speaker CHEN, Ku-Hsieh
Fo Guang University ＊JUNG, Moosup
Samsung Eco. Research Ins.
YANG, Chih-Hai
National Central University
Location Choice and Patent Licensing
SpeakeLIN, Yan-Shu

National Dong Hwa University ＊HU, Jin-LiNational Chiao Tung University

XIA, Peng-Chiao

National Dong Hwa University

Efficiency of Commodity Futures Markets in Indian Liberalised Agriculture
Speaker

GHOSH, Madhusudan* * * * *Visva-Bharati University

Coffee Break: 16:15 - 16:30* * * * *16:30 - 18:00
Middle Conference Room 1
Special Session I : Industrial Policies and Real Economic Adjustment
Chair:TORII, Akio

Yokohama National University

Productivity Analysis of Telecommunications Industry -in the case of Asia Pacific countriesSpeaker

ERA, Akira

Shonai College of Industry and Technology ＊MORIWAKI, Shota

Takushoku University

R&D Resources Allocation and Productivity Growth in the OECD Manufacturing Industries
Speaker:

CHEN, Jong-Ron

National Central University University of Split

CHU, Yun-Peng

National Central University

OU, Yi-Pey

Chung-Hua Institution for Economic Research

An Analysis of the Relationship between Innovation Activity and Firm Characteristics: the Case of Taiwan Patent Data
Speaker:
HUANG, Ya Ling
National Central University
SAN, Gee
National Central University4Middle Conference Room 2
Special Session II : Monetary Policy and World Financial Stabilities
Chair:HAYASHI, Naotsugu

Hosei University

Role of India's Monetary and Fiscal Policy in Global Economic Slowdown
Speaker:

KHANDARE, V.B

Dr. B. A. M. University

KHARAT, D.B

Dr. B. A. M. University

KALE, S.B.

Pune University

Regional Financing Arrangements and the Stability of the International Monetary System
Speaker:

VOLZ, Ulrich

Deutsches Institut für Entwicklungspolitik

Financial Instability and Optimal Monetary Policy Rule
Speaker:

SEDGHI, Hossein

University of Leicester

Middle Conference Room 3
Special Session III : Energy Policy and National Wealth
Chair:

ARAYAMA, Yuko

Nagoya University

How to Create Business Model for Environmental Improvement and Energy Saving?

Speaker:

NISHIMURA, Makoto

Nagoya University“Biodiversity Conservatory and Eco-Wealth: How and How Much Biodiversity Is Recognized?”

Speaker:

HATTORI. Tetsu

Earthday Everday(NPO)

Rebuilding Japanese Economy toward Stock Rich Society by Reducing Foreign Oil Dependency

Speaker:

HIROSE, Katsuhiko

Kyushu University

Middle Conference Room 4
Special Session IV : Trade Policy and Regional Economic Development
Chair:

MATSUBARA, Kiyoshi

Nihon University

International Financial Reporting and Standards (IFRS) as a Final Solution of Informal economy (Turkey Case)Speaker: SELIMOGLU, Seval Kardes
Anadolu University
Impact of EU Business and Consumer Survey Indicators on the Croatia’s Economy
Speaker

CIZMESIA, Mirjana

University of Zagreb ＊ERJAVEC, Nataša

University of Zagreb

BAHOVEC, Vlasta

University of Zagreb

Investment Treatment among BRICs
Speaker:

STANLEY, Leonardo E.

Centre for the Study of State and Society

Welcome Banquet: 18:00 - 20:00

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＊ ＊ ＊

November 29th(2nd day)＊ ＊ ＊9：00 – 12：00
Room 1
Session VI: Labor Economics and Policy
Effect of Economic Slowdown on Employment in India: Some Evidences
Speaker

BHISE, V. B.

Dr. Babasaheb Ambedkar Marathwada University ＊TAKLE, S. R.

Narayanrao Waghmare College

AMBHORE, S. S.

Pandit Jawaharlal Nahru CollegeThe Transfer of the Temittance Fee from the Migrant to the Household
Speaker

SHIMADA, Akira

Nagasaki University, JAPANIs There a Trade-Off between Temporary Migration and School Participation?
Establishing Social Implications of Overseas Filipino Workers (OFW)
Speaker

ANG, Alvin P.

University of Santo Tomas

Labor Market Response to Monetary Policy in Japan 1957-2008
Speaker

MASUI, Makoto

Soka University ＊MŁODKOWSKI, PawełWyższa Szkoła Finansów i Zarządzania w Warszawie

Employ a Steam Engine to Crack Nuts!?
An Empirical Investigation on Under-Employment of College Graduates in TaiwanSpeaker

HUNG, Michael C

National Graduate Institute for Policy Studies ＊HSIEH, Wen-jen
National Chonbuk University
HSIAO, Po-jen
Inst. of European and American Studies. Academia Sinica
Employment Effect of Economic Growth: Determinants of Employment Elasticity
Speaker

CHOI, Chang kon

Chonbuk Natioanal University

Room 2Session VII: Monetary and Fiscal Policy
Social Business Responsibility In the System of Market Economy
Speaker

DANILOVA, OlgaFinance Academy under the Government of Russian Federation

Impact of Global Financial Crisis and Economic Depression on Pakistan Economy
Speaker

JABBAR, Abdul

International Islamic University

Japanese Debt Monetization before ZIRP: Intent, Extent, and MethodSpeaker

RHODES, James R.

National Graduate Institute for Policy Studies

Dividend Policy in Crisis. Case of Japan 1991-2008
Speaker

MLODKOWSKI, PawelWyższa Szkoła Finansów i Zarządzania w Warszawie

Room 3Session VIII: International Economic Policy (2)International Trade: A Critical Review of Trade Theories and Protectionism

6during Periods of Economic Stagnation
Speaker

LICH, Herbert G.

Holmesglen Institute and Charles Sturt University

Effects of FDI in Vietnam – Case for Motorcycle and Automobile Industries –Speaker

DOI, Yasuhiro

Nagoya University ＊KOZAKI, Takuya

Nagoya University

VU, Thi Bich Lien
An Empirical Test of the Real Option to Export
Speaker JOHNSON, Steve

Nagoya University
Sam Houston State University

The Impacts of Exchange Rate and Regional Integration on FDI:
Do They Really Exist in the Southeast Asian Countries?
Speaker

UTTAMA, Nathapornpan

Mae Fah Luang University

Foreign Direct Investment and Firm Level Productivity in Vietnam: A Panel Data Analysis e
SpeakerNGUYEN, Nhu Quynh

Kobe University

Exchange Rate Dynamics under a Coordinated Tariff Reduction and Commodity Tax Reform
Speaker

TAI, Meng-yi

Fo Guang University ＊HU, Shih-wen

Fo Guang University

WANG, Vey

Fo Guang University

Room 4Session IX: Law & Economics and Comparative System Analysis
Possibilities of Limiting Corruption in Modern Russia
Speaker

ALPIDOVSKAYA, Marina L.

Financial Academy under Russian Federation Government

Judicial Governance as a Backbone of Regulatory Framework:
The Financial Crisis and the Polish Toxic Currency Options CaseSpeaker

MLODKOWSKI, PawelWyższa Szkoła Finansów i Zarządzania w Warszawie ＊GOLECKI, Mariusz Jerzy

University of ŁódźEmpirical Analysis of the Theories Related to Policyholder and Driver in Taiwan’s Automobile Insurance
Speaker

LI, Chu-Shiu

Feng Chia University ＊LIN, Chi-Hau

Feng Chia University

LIU, Chwen-Chi

Feng Chia University

Balancing Financial Innovation and Investor Protection in the Midst of a Financial Crisis:
Examining the Regulatory Responses of the Monetary Authorityof Singapore and the Hong Kong Monetary Authority to the Lehman-Linked Notes Debacle
Speaker

CASTILLO, Frederick Ryan

Kelvin Chia Partnership

The Imperatives of Transition from Laissez-Faire Capitalism to Social Capitalism
Speaker

DAS, Kshiti Bhusan

Utkal University

Matrix Model for Comparative System Analysis in Transition Economies
Speaker

SCARLAT, Ceza

University “Politehnica” of Bucharest7Room 101
Session X: Population, Regional and Social Security Policy
A Stochastic Forecast Model for Japan’s Population
Speaker

PFAU, Wade D.

National Graduate Institute for Policy Studies ＊OKITA, Yoichi

National Graduate Institute for Policy Studies

GIANG, Thanh Long

National Economics University

Information Model of Entrepreneurs Satisfaction with Bank Lending: The Case of Croatian SME Sector
SpeakerVIDUČIĆ, Ljiljana

University of Split

Utilization Patterns of Both Chinese and Western Medicine for the Same Illness in Taiwan
Speaker

TU, Chu-Chin

Feng Chia University ＊LI, Chu-Shi

Feng Chia University

LIU, Chwen-Ch

Feng Chia University

Competitiveness and Economic Growth in the European Union
within the Framework of the Renewed Lisbon Agenda
Speaker GHERGHINESCU, Oana
University of Craiova
Farm Household Efficiency in Lao PDR: A Semi-Parametric ApproachSpeaker

VIXATHEP, Souksavanh

Kobe University ＊ONPHANHDALA, Phanhpakit

Kobe University* * * * *Luncheon : 12:00 - 13:30* * * * *13:30 - 15:30

Plenary Session II
Chair:CHIDA, Ryokichi

Meiji University

1. The Optimum Currency Basket Approach to East Asia’s Exchange Rate Policy Coordination
KIM, Inchul
Sungkyunkwan University
2. Neo-liberalism and Market-Disciplining Policy in Koizumi Reform: Were We Really
Development-Oriented?
TERANISHI, Juro
Nihon University

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