3rd formal version, October 31, 2017

The 16th International Conferenceofthe Japan Economic Policy Association
Deregulation and Stable Growth Policy
to Overcome the Deceleration of the World Economy

Time Schedule and Program

Date: November 3~5, 2017
Host: The University of Ryukyu
Place: Okinawa Jichikaikan Hall
Okinawa, Japan1

Time ScheduleNov.3

the day before(180)

15:00~18:00(120)

18:00~20:00

Nov.4

1st day

Excursion to Historical Sites in Okinawa
Executive Committee

9:00~18:30

Registration(40)

9:20~10:00

Opening Session(120)

10:00~12:00

2nd floor
Hall, 2nd floor

Session 3

Session 4

Session 5

Session 6

Session 7

Session 9

Session 10

Hall

Room 2

Room 3

Room 4

Room 5

Room 6

Room 1(60)

12:00~13:00

Lunch

(115)

13:00~14:55

Plenary Session 1(10)

14:55~15:05(115)

15:05~17:00(10)

17:00~17:10

Break

(30)

17:10~17:40

Arts Attractions of Okinawa(20)

17:40~18:00

Break

(120)

18:00~20:00(60)

20:00~21:00

Nov.5

2nd day(Rooms can be used for lunch.)Hall, 2nd floor
Break

Plenary Session 2

Hall, 2nd floor

Welcome Banquet

8:30~14:30(120)

Room 5-6

Hall, 2nd floor

Foyer, 2nd floor

Program Committee

Room 2

Registration

2nd floor

Session 1

Session 2

Session 3B

Session 4B

Session 8

Session 9B

Room 1Room 2

Room 3

Room 4

Room 5

Room 69:00~11:00(60)

11:00~12:00(120)

12:00~14:00(10)

14:00~14:10(120)

14:10~16:10

Lunch & Committees (Room 1~6)
Session 4C

Session 5B

Session 6B

Session 7B

Session 9C

Session 10B

Session 11

Room 1Room 2

Room 3

Room 4

Room 5

Room 6

Room 7

Break
Session 2B

Session 3C

Session 4D

Session 5C

Session 6C

Session 8B

Session 11B

Room 1Room 2

Room 3

Room 4

Room 5

Room 6

Room 7

Regular Session (Report 20min.+Discussion 10min.+Reply 5min.+FloorQ&A 5min.=40min.)Rooms 1~7 for regular sessions are on the 4th floor.

2

EXCURSION TO HISTORICAL SITES IN OKINAWA
the Day Before, NOVEMBER 3RD 15:00-18:00
Departure & Arrival: In front of Naha Tokyu REI Hotel behind Okinawa Jichikaikan Hall

Session Program
OPENING SESSION 1ST DAY NOVEMBER 4TH 9:20-10:00 HALL
Master of Ceremonies:
Kazuhiko NAKAHIRA, Secretary General of the Program Committee
Opening Address: Takashi YANAGAWA, President of the JEPA
Explanation of the International Conference:
Akira MAEDA, Chair of the International Committee
Explanation of the Program:
Mitsuhiko SATAKE: Chair of the Program Committee
Explanation of General Information of the Conference:
Kazuyuki ISHIDA, Vice Chair of the Managing Committee
Ceremony of the JEPA Academic Award:

REGULAR SESSION A 1ST DAY NOVEMBER 4TH

Session 3:
Monetary and Financial Policy
Chair: Naotsugu HAYASHI, Professor, Hosei University, Japan

10:00-12:00

Hall

What Impact Do Factory Closures and the Uses of the Former Factory Sites in Japan Haveon Regional Finance?
Speaker: Shohei ISHIBASHI, Associate Professor, Osaka Sangyo University, Japan
Discussant: Naoto YAGI, Associate Professor, Keiai University, Japan
Does Farmer Union Borrower Group Have Any Impact on Household Economic
Performance and Household Production in Rural Areas in Vietnam?
Speaker: Thi Bich Ngoc NGUYEN*, Ph.D. Student, Hiroshima University, Japan (Vietnam)
Masaru ICHIHASHI, Professor, Hiroshima University, Japan
Discussant: Tadashi SONODA, Professor, Nagoya University, Japan
3

The Effects of Trade Openness and Exchange Rate Volatility on Foreign Direct Investmentof ASEAN and Myanmar
Speaker: Khin Mar THET, Ph.D. Student, Okayama University, Japan (Myanmar)
Discussant: Norihito TANAKA, Professor, Kanagawa University, Japan
Session 4: Growth, Development and Population Policy
Chair: Tomoko KINUGASA, Professor, Kobe University, JapanRoom2

The Dynamics of Regional Economic Development in Decentralized Indonesia
Speaker: Abdul Wahid Fajar AMIN, Ph.D. Student, National Graduate Institute for Policy Studies,Japan (Indonesia)
Discussant: Shigeru MATSUMOTO, Professor, Aoyama Gakuin University, JapanA MIMIC Approach to Measuring Corruption
Speaker: Shih-ying WU, Professor, National Tsing Hua University, Taiwan
Discussant: Jun-ichi NAGAMINE, Professor, Kwansei Gakuin University, JapanCan Certification Improve the Impacts of Rural Producer Cooperatives?
Evidence from Tea Farmers in Thai Nguyen, Vietnam
Speaker: Duc Anh TRAN*, Ph.D. Student, Hiroshima University, Japan (Vietnam)
Daisaku GOTO, Associate Professor, Hiroshima University, Japan
Discussant: Nobuki SUGITA, Professor, Ritsumeikan University, Japan
Session 5 : Industrial Organization and Structural Policy
Chair: Noriyuki DOI, Professor Emeritus, Kwansei Gakuin University, Japan

Room 3

Empirical Study of Innovation Factors in Old Establishment Companies in Kyoto
Speaker: Kenji MATSUOKA*, Professor, Ryukoku University, Japan
Shin KINOSHITA, Lecturer, Ryukoku University, Japan
Motoko TSUJITA, Professor, Ryukoku University, Japan
Discussant: Satoru HASHIMOTO, Associate Professor, Teikyo University, Japan
Innovation Strategy and Business Opportunity of Automobile Industry―An Assessment on Middle Class in some Asian Countries―
Speaker: Mahbubul Alam CHOWDHURY, Professor, Fukuoka Women’s University, Japan
Discussant: Akira KOBASHI, Associate Professor, Doshisha University, Japan
Session 6: Labor Economics and Policy
Chair: Mitsuhiko IYODA, Professor Emeritus, St.Andrew's University, Japan
4

Room 4

Anticipated Multiple Role Balance in the Future Workforce: A Case Study in Sri Lanka
Speaker: Sanjee Udari SAMARANAYAKE*, Ph.D. Student, Saga University, Japan (Sri Lanka)
Toshihiko TAKEMURA, Associate Professor, Saga University, Japan
Discussant: Sumie SATO, Researcher, Kobe University, JapanThe Gap of Subjective Well-being and Divorce in a Married Couple:
A Comparative Study on Child Custody using Household Panel Data in Japan and Korea
Speaker: Risa HAGIWARA, Lecturer, Meikai University, Japan
Discussant: Sayaka SAKODA, Assistant Professor, Doshisha University, JapanIs There a Wage Penalty for Skill Mismatch? : Evidence from PIAAC Data
Speaker: Keiko TAMADA, Professor, Fukuoka University, Japan
Discussant: Yasuhiro DOI, Associate Professor, Nagoya University, Japan
Session 7 : Public Economics and Public Choice
Chair: Yujiro OIWA, Professor, Tokyo International University, Japan

Room 5

Conscription and the Developing Countries
Speaker: Nguyen Dinh Tuan VUONG, Research Assistant, University of Maine, USA
David FLATH*, Professor, Faculty of Economics, Ritsumeikan University, Japan (USA)Discussant: Satoshi OHIRA, Professor, Keio Universtity, Japan
Political Success Theory in the Context of the Median Voter Theorem
Speaker: Katsuyoshi OKUI, Professor, Otemon Gakuin University, Japan
Discussant: Hideaki MURASE, Professor, Gakushuin University, Japan
Specific versus Ad Valorem Taxes in the Presence of Cost Difference and Quality Differences
Speaker: Wen-Jung LIANG*, Professor, National Dong Hwa University, Taiwan
Kuang-Cheng Andy WANG, Professor, Chang Gung University, Taiwan
Ping-Yao CHOU, Ph.D. Student, National Central University, Taiwan
Discussant: Tatsuma WADA, Associate Professor, Keio University, Japan
Session 9 :Regional, Urban and Transportation Policy
Chair: Kunio KAMIYAMA, Professor, Josai University, Japan
Returns to Density of Regional Railroad Companies in Japan
Speaker: Tomohiro KITAMURA, Ph.D. Student, Kobe University, Japan
Discussant: Kazuyasu KAWASAKI, Professor, Toyo University, Japan

5

Room 6

Japanese Universities and Local Food Movements: Current State and Issues
Speaker: Koji NAKAMURA, Ph.D. Student, Kwansei Gakuin University, Japan
Discussant: Kenji TOKUDA, Professor, Senshu University, Japan
Assessment of the Development Impact of Economic Zones in the Philippines
Speaker: Arianne Dela Rosa DUMAYAS, Research Associate, Chuo University, Japan (Philippines)
Discussant: Akira ERA, Associate Professor, Josai University, Japan
Session 10 :Resource and Environmental Policy
Chair: Masahiro YABUTA, Professor, Chuo University, Japan

Room 1

How Do Household Preferences for Energy Sources Affect their Electricity Saving Behavior
and Purchase of Energy Saving Appliances in Japan: A Conjoint Analysis
Speaker: Shin KINOSHITA, Lecturer, Ryukoku University, Japan
Discussant: Masayuki SATO, Associate Professor, Kobe University, Japan
Alleviating the Voltage Control Problem in Low-voltage Systems Using Auction System
Speaker: Shin-ichi HANADA*, Associate Professor, Kanazawa Seiryo University, Japan
Hiroyuki KIKUSATO, Ph.D. Student, Waseda University, Japan
Yu FUJIMOTO, Associate Professor, Waseda University, Japan
Yasuhiro HAYASHI, Professor, Waseda University, Japan
Daiya ISOGAWA, Researcher, University of Tokyo, Japan
Hiroshi OHASHI, Professor, University of Tokyo, Japan
Shinya YOSHIZAWA, Assistant, Waseda University, Japan
Discussant: Makiko NAGAYA, Assistant Professor, Showa Women's University, Japan
Did the Energy Efficiency Improvement of Home Appliances Lead to the Reduction ofHousehold Electricity Consumption? Experience from Japanese Top Runner Program
Speaker: Nozomu, INOUE*, Ph.D. Student, Aoyama Gakuin University, Japan
Shigeru MATSUMOTO, Professor, Aoyama Gakuin University, Japan
Discussant: Akira KAWAMURA, Professor, Seinan Gakuin University, Japan

6

PLENARY SESSION 1 1ST DAY NOVEMBER 4TH 13:00-14:55 HALL

Theme: "Energy Reform and Economic Growth Policy"
Chair: Takashi YANAGAWA, Professor, Kobe University, JapanThe European Energy Market Liberalization: experiences, remaining challenges and newopportunities
Guest Speaker: Guido PEPERMANS, Professor, KU Leuven, Belgium
Discussant: Munenori NOMURA, Professor, Kwansei Gakuin University, Japan
Energy Reform in Japan for Economic Growth
Guest Speaker: Hisao KIBUNE, Professor, Nagoya Gakuin University, Japan
Discussant: Satoshi WATANABE, Associate Professor, Suzuka University, Japan
Panel Discussion: Chair, two speakers, and two discussants

PLENARY SESSION 2 1ST DAY NOVEMBER 4TH 15:05-17:00 HALL

Theme:"Politics and Economics of the TPP and Other Free Trade
Agreements"
Chair & Coordinator: Yoshio SANO, Professor, Nagoya University, JapanThe Future of Free Trade Agreements: A Singapore Perspective
Guest Speaker: XiaoPing CHEN, Assistant Professor, Nanyang Technology University,
Singapore
Non-US TPP Agreement: Motivation and Implications for Vietnam
Guest Speaker: Tien Ngoc DAO, Assistant Professor, Foreign Trade University, Vietnam
Discussant: Yuko ARAYAMA, Professor, Kyoto Sangyo University, Japan
Panel Discussion: Chair, two speakers, and a discussant7

ARTS ATTRACTIONS OF OKINAWA 1ST DAY NOVEMBER 4TH
17:10-17:40
HALL

WELCOME BANQUET 1ST DAY NOVEMBER 4TH 18:00-20:00
FOYER
Master of Ceremonies:
Kazuhiko NAKAHIRA, Secretary General of the Program Committee
Welcome speech: Takashi YANAGAWA, President, the JEPA
Hajime OSHIRO, Chair of the Managing Committee of the JEPA2017
President, University of Ryukyu
Welcome Speech for Next Year:
Taro OZAWA, Chair of the Managing Committee of the JEPA2018
Professor, Keio University
Short Speeches from Various Countries:

8

REGULAR SESSION B

2ND DAY NOVEMBER 5TH

9:00-11:00

Session 1 :Theory of Economic Policy
Chair: Kentaro TACHI, Professor, Komazawa University, Japan

Room 1A Model of the Digital Divide Index: Revised
Speaker: Yasumi MATSUMOTO, Professor, Waseda University, Japan
Discussant: Mitsuhiko SATAKE, Professor, Doshisha University, Japan
Pre-order Extension Theory
Speaker: Dan QIN, Associate Professor, Tohoku University, Japan (China)
Discussant: Kohei KAMAGA, Associate Professor, Sophia University, Japan
Corruption in a Repeated Psychological Game with Imperfect Monitoring
Speaker: Masakazu FUKUZUMI, Associate Professor, University of Tsukuba, Japan
Discussant: Toshikazu KAWAKAMI, Professor, Doshisha University, Japan
Session 2 : Public Finance and Fiscal Policy
Chair: Hiroo HARADA, Professor, Senshu University, Japan

Room 2

Uncertainty about Secession and Tax Revenues from Natural Resources
Speaker: Tadahisa OHNO, Associate Professor, Kumamoto University, Japan
Discussant: Fumio YOSHINO, Professor, Takushoku University, Japan
Decomposition Approach on Deviations of Redistributive Effects of Taxes and Social
Insurance Premiums
Speaker: Taro OHNO*, Associate Professor, Shinshu University, Japan
Takahiro KODAMA, Former Researcher, Policy Research Institute, Ministry of Finance,Japan
Ryutaro MATSUMOTO, Researcher, Policy Research Institute, Ministry of Finance,
Japan
Discussant: Masao TSURI, Professor, Okayama University, Japan
Feldstein’s Surprising Result, Consumption Tax and Altruistic Bequest Motive
Speaker: Mizuki NAKAMA, Professor, Yamaguchi University, Japan
Discussant: Yoshito FUNASHIMA, Associate Professor, Tohoku Gakuin University, Japan
Session 3B :Monetary and Financial Policy
9

Room 3

Chair: Takao IIDA, Professor, Sapporo University, Japan
Farmers’ Nominal Income Targeting versus Farm Price Level Targeting
Speaker: Meng-Yi TAI*, Associate Professor, Fo Guang University, Taiwan
Shih-Wen HU, Professor, Feng Chia University, Taiwan
Discussant: Taizo MOTONISHI, Professor, Kansai University, JapanDo Low Interest Rates Stimulate Japanese House Prices?
Speaker: Hiroshi ISHIJIMA*, Professor, Chuo University, Japan
Akira MAEDA, Professor, University of Tokyo, Japan
Discussant: Keiichi SHIMA, Professor, Mie University, JapanThe Impact of Japanese Firms’ Stockpiled Cash on Their Investment-Cash Flow
Sensitivities
Speaker: Ryusuke OISHI, Assistant Professor, Meikai University, Japan
Discussant: Akira TERAI, Professor, Kyoto Sangyo University, Japan.
Session 4B : Growth, Development and Population Policy
Chair: Kunio SAKAI, Professor, Aichi Gakuin University, Japan

Room 4(In)Determinacy, Bargaining, and R&D Policies in an Economy with Endogenous
Technological Change
Speaker: Chung-Hui LAI*, Assistant Pofessor, Feng Chia University, Taiwan
Vey WANG, Professor, Feng Chia University, Taiwan
Shih-Wen HU, Professor, Feng Chia University, Taiwan
Discussant: Yasunori OHUCHIDA, Professor, Hiroshima University, Japan
Structural Change in Production Technology and Market Exit of Vietnamese Manufacturing
Firms under Market Liberalization
Speaker: Tadashi SONODA*, Professor, Nagoya University, Japan
Lien Thi Bich VU, Associate Professor, Nagoya University of Economics, Japan(Vietnam)
Discussant: Masaru ICHIHASHI, Professor, Hiroshima University, Japan
Effects of Research and Development Investment on Japanese GDP Under a Depopulation:
Application of Dynamic CGE Model with Endogenous Growth Mechanism
Speaker: Yoji KUNIMITSU, Chief Researcher, National Agriculture and Research Organization,
Japan
Discussant: Masami SAITO, Lecturer, Meiji University, Japan10

Session 8 :Welfare and Social Security Policy

Room 5Chair: Shinsuke NAKAMURA, Professor, Keio University, Japan
Elderly Care and Informal Family Care
Speaker: Masaya YASUOKA*, Professor, Kwansei Gakuin University, Japan
Atsushi MIYAKE, Associate Professor, Kobe Gakuin University, Japan
Discussant: Tetsuhiko IZUMI, Professor, Kaetsu University, Japan
Child Poverty in Japan Using Japanese Longitudinal Data
Speaker: Wataru KUREISHI*, Senior Researcher, National Inst. of Population and Social Security,
Japan
Midori WAKABAYASHI, Associate Professor, Tohoku University, Japan
Discussant: Haruhiko SATO, Professor, Heisei International University, Japan
Birth Order, Gender, and the Parental Investment Gap among Children
Speaker: Kei SAKATA, Professor, Ritsumeikan University, Japan
Colin MCKENZIE*, Professor, Keio University, Japan (Australia)
Wataru KUREISHI, Senior Researcher, National Inst. of Population and Social Security,
Japan
Midori WAKABAYASHI, Associate professor, Tohoku University, Japan
Discussant: Yasuhiro TSUKAHARA, Professor, Meiji University, Japan
Session 9B:
Regional, Urban and Transportation Policy
Room 6Chair: Shun-ichi MAEKAWA, Professor, Sugiyama Jogakuen University, JapanA Demand Side Analysis of the Car Market after The Great East Japan Earthquake andTsunami of 2011: A Content Analysis of Facebook Fan Pages
Speaker: Yuya SHIBUYA*, Ph.D. Student, University of Tokyo, Japan
Hideyuki TANAKA, Professor, University of Tokyo, Japan
Discussant: Hirokuni IIJIMA, Professor, Chuo University, Japan
Transportation Sector and the Role of ICT for Sustainable Smart Cities in Asia
Speaker: Kana MOROGA*, Assistant Professor, Kyushu University, Japan
Akiya NAGATA, Professor, Kyushu University, Japan
Discussant: Toshiharu ISHIKAWA, Professor, Chuo University, Japan
A Review of Economic Impacts of Tourism: Touring Multiplier Modelling
Speaker: Toru NAGAHARA, Associate Professor, Shibaura Institute of Technology, Japan
Discussant: Takahiro TSUGE, Associate Professor, Konan University, Japan11

REGULAR SESSION C 2ND DAY NOVEMBER 5TH 12:00-14:00

Session 4C:
Growth, Development and Population Policy
Chair: Yuko ARAYAMA, Professor, Kyoto Sangyo University, Japan

Room 1

Political Instability and Economic Growth in Africa
Speaker: Gadong Toma DALYOP, Ph.D. Student, Kobe University, Japan (Nigeria)
Discussant: Tsuyoshi SHINOZAKI, Associate Professor, Tohoku Gakuin University, JapanThe Impact of Electricity on School Enrollment in Bangladesh:
A Propensity Score Matching Analysis
Speaker: Mohammad Jahangir ALAM*, Ph.D. Student, Hiroshima University, Japan (Bangladesh)
Shinji KANEKO, Professor, Hiroshima University, Japan
Daisaku GOTO, Associate Professor, Hiroshima University, Japan
Discussant: Terukazu SURUGA, Professor, Okayama Shoka University, Japan
Session 5B:

Industrial Organization and Structural Policy

Room 2Chair: Yoshihiko AKASHI, Professor, Osaka University of Commerce, Japan
Lost Profits and Unjust Enrichment as Patent Infringement Damages
Speaker: Tadanobu TANNO*, Professor, Takushoku University, Japan
Yoshihito YASAKI, Associate Professor, Kogakuin University, Japan
Discussant: Satoru TANAKA, Professor, Kobe City University of Foreign Studies, Japan
Optimal Stopping Game of Multiple Firms with Investment Spillover EffectSpeaker: Akira MAEDA, Professor, The University of Tokyo, Japan
Discussant: Tomomichi MIZUNO, Associate Professor, Kobe University, JapanA Decade After the Birth of iPhone®:
How Does “Smartphone” Change Mobile Telecom Market and its Policy?
Speaker: Kazuma KOBAYASHI, Lecturer, Chuo Gakuin University, Japan
Discussant: Yumiko MORI, Professor, Tokai University, Japan
Session 6B:
Labor Economics and Policy
Chair: Jun-ichi, GOTO, Professor Emeritus, Kobe University, Japan,

Room 3The Effect of Maternal Employment in Early Childhood on the Child’s Later School Life inJapan using the Longitudinal using Survey of Babies in 21st Century
12Speaker: Kayo NOZAKI, Lecturer, Kochi University, Japan
Discussant: Ryosuke NAKAMURA, Lecturer, Fukuoka University, Japan
To Stay or Leave? Migration Decisions of Foreign Students in Japan
Speaker: Yang LIU, Fellow, Research Institute of Economy, Trade, and Industry, Japan (China)
Discussant: Yuta NAITO, Associate Professor, Otemon Gakuin University, Japan
Reward for Nursing-Care Facilities and Wages of Care-Worker:
Evidence from Regional System Reform in Japan
Speaker: Toru KOBAYASHI, Lecturer, Takasaki City University of Economics, Japan
Discussant: Masahiro YABUTA, Professor, Chuo University, Japan
Session 7B:
Public Economics and Public Choice
Chair: Taro OZAWA, Professor, Keio University, Japan

Room 4

Public Investment and Stock Return: The Case of Japan
Speaker: Masafumi KOZUKA*, Professor, University of Marketing and Distribution Sciences,Japan
Tomomi MIYAZAKI, Associate Professor, Kobe University, Japan
Kazuki HIRAGA, Associate Professor, Tokai University, Japan
Discussant: Sio ANDO, Assistant Professor, Meiji University, Japan
Regional Growth and Fiscal Decentralization: a Case of Indonesia
Speaker: Matondang Elsa SIBURIAN, Ph.D. Student, Waseda University, Japan (Indonesia)
Discussant: Shuichi OKADA, Chief, Nishinomiya City Office, Japan
Government Aid and Demand on New Medical Devices: a Case of Type 1 Diabetes in Japan
Speaker: Masaoki TAMURA*, Assistant Professor, Nagoya University of Business and Commerce,Japan
Sayaka SAKODA, Assistant Professor, Doshisha University, Japan
Naohiko WAKUTSU, Assistant Professor, Nagoya City University, Japan
Discussant: Yoji TANIGUCHI, Professor, Chuo University, Japan
Session 9C:
Regional, Urban and Transportation Policy
Chair: Shinobu ITO, Professor, Meijo University, Japan
Japanese Special Economic Zone System:
The Attempt of the Wine Special Ward of Hokkaido
Speaker: Kanae MUSHA, Associate Professor, Sapporo University, Japan
Discussant: Toshio UEMURA, Professor, Asia University, Japan
13

Room 5

An Empirical Investigation of Tourism Demand Variability:
The Gini Index and Entropy Measure Approach
Speaker: Kazuhiko NAKAHIRA*, Associate Professor, Meikai University, Japan
Masahiro YABUTA, Professor, Chuo University, Japan
Discussant: Koichi EBOSHI, Professor, Fukuoka University, Japan
Improving the Allocative Efficiency of Foreign Direct Investment to Address Regional
Growth Gaps through International Investment Agreements and Law:
Analysis of Panel Data from the Provinces of the Republic of Korea
Speaker: Soo-hyun LEE*, Research Associate, The Asan Institute for Policy Studies, Korea
Geonhee HAM, Research Associate, The Asan Institute for Policy Studies, Korea
Discussant: Reiko MURAKAMI, Associate Professor, Kinki University, Japan
Session 10B:
Resource and Environmental Policy
Chair: Munenori NOMURA, Professor, Kwansei Gakuin University, Japan

Room 6

Information Leverage:
Adoption of Clean Cooking Fuel and Diffusion of Cooking Appliances in Bhutan
Speaker: Ngawang DENDUP*, Ph.D. Student, Waseda University, Japan (Bhutan)
Toshihide ARIMURA, Professor, Waseda University, Japan
Discussant: Kazuki TAKETOSHI, Professor, Ryukoku University, Japan
Primary and Secondary Materials Demands in Nonferrous Metal Industries
Speaker: Kazuka NAMBU, Associate Professor, Fukushima University, Japan
Discussant: Mitsutsugu HAMAMOTO, Professor, Dokkyo University, Japan
Session 11:

International Economic Policy

Room 7Chair: Haruo HORAGUCHI, Professor, Hosei University, Japan
Measuring the Potential Economic Impact of a Japan: US Free Trade Agreement: Can It
Enable the US to Eliminate Its Trade Deficit in Goods with Japan?
Speaker: Shun HASEGAWA*, Graduate Student, Hokkaido University, Japan
Hirokazu AKAHORI, Associate Professor, Akita Prefectural University, Japan
Daisuke SAWAUCHI, Lecturer, Hokkaido University, Japan
Yasutaka YAMAMOTO, Professor, Hokkaido University, Japan
Discussant: Yusuke SHIBATA, Lecturer, Meiji University, JapanThe Impact of Crude Oil Price Fall on Financial Markets of Advanced East AsianCountries: Evidence from MGARCH-DCC and CCF Approaches
14

Speaker: Mirzosaid SULTONOV, Associate Professor, Tohoku University of Community Service
and Science, Japan (Tajikistan)
Discussant: Yukihiro IIDA, Professor, Nishogakusha University, Japan
Effect of Visa Policy on the Inbound Tourism Demand in Japan
Speaker: Tomoya MORI*, Lecturer, Yamaguchi University, Japan
Masahiro YABUTA, Professor, Chuo University, Japan
Discussant: Takanori IDA, Professor, The Prefectural University of Kumamoto, JapanREGULAR SESSION D 2ND DAY NOVEMBER 5TH 14:10-16:10

Session 2B:
Public Finance and Fiscal Policy
Chair: Akira YOKOYAMA, Professor, Chuo University, Japan

Room 1

Consideration of Keys to Solving Problems in the Long-term Fiscal Policies with anExperimental Approach
Speaker: Toshiaki HIROMITSU, Visiting Scholar, Ministry of Finance, Japan
Discussant: Akihiro KAWASE, Associate Professor, Toyo University, Japan
Budgetary Institutions with or Without Coalition Government: Political Economy of
Parliamentary Democracies
Speaker: Makoto NAKANISHI, Professor, Saga University, Japan
Discussant: Yirui XU, Associate Professor, Senshu University, Japan (China)
A Dynamic Multiplier Process with Delay in Tax Collection
Speaker: Akio MATSUMOTO*, Professor, Chuo University, Japan,
Ferenc SZIDAROVSZKYS, Professor, University of Pecs, Hungary
Hiroyuki YOSHIDA, Professor, Nihon University, Japan
Discussant: Kazuyuki ISHIDA, Professor, Tokushima University, Japan
Session 3C:
Monetary and Financial Policy
Chair: Naoki MATSUMOTO, Professor, Matsuyama University, Japan

Room 2

An Empilical Examination of the Research Policy Pursued by Major Central Banks in the
Decades Before the 2008 Financial Crisis
15

Speaker: Cheng CHENG, Visiting Fellow, Association for Research on Banking and the Economy,
United Kingdom
Richard A. WERNER*, Professor, University of Southampton, United Kingdom
Discussant: Takanari SERIZAWA, Associate Professor, Shukutoku University, Japan
Evidence on the Accountability of the Central Bank and the Effectiveness of ‘Quantitative
Easing’Speaker: Konstantinos VOUTSINAS*, Director, Local First Community Interest Company, United
Kingdom
Richard A. WERNER, Professor, University of Southampton, United Kingdom
Discussant: Masaaki KATO, Professor, Daitobunka University, Japan
Session 4D:
Growth, Development and Population Policy
Chair: Xingyuan ZHANG, Professor, Okayama University Japan (China)

Room 3

Encouraging the “5th Industrial Revolution” -The Spread of Economic Development into
Space – Can Overcome the Deceleration in the World Economy Caused by the “4thIndustrial Revolution”
Speaker: Patrick COLLINS*, Professor, Azabu University, Japan (United Kingdom)
Makoto ARAI, Chief Researcher, Dentsu Inc., Japan
Discussant: Keiichiro SUENAGA, Professor, Meiji University, JapanThe Determinants of Housing Price variations in Urban China:
Evidence from 4 Chinese First-tier Cities
Speaker: Di WU, Ph.D. Student, Doshisha University, Japan (China)
Discussant: Keiko HIRONO, Professor, Nihon University, Japan
Session 5C:

Industrial Organization and Structural Policy

Room 4Chair: Yukio MIYATA, Professor, Kwansei Gakuin University, Japan
Estimating the Price Elasticity of Electricity Demand in Japanese Manufacturing Industry
Speaker: Yasunobu WAKASHIRO, Ph.D. Student, Kobe University, Japan
Discussant: Teizo ANAYAMA, Administrative Assistant to CNO, Tokyo Electric Power Company
Holdings, Inc., Japan
Product Variety and Counterfeiting in Primary Markets:
General Equilibrium Implications and Enforcement Policy
Speaker: Toshihiro ATSUMI, Associate Professor, Meiji Gakuin University, Japan
Discussant: Norihiro KASUGA, Associate Professor, Konan University, Japan

16

Session 6C:

Labor Economics and Policy

Room 5Chair: Naoki MITANI, Professor, Okayama Shoka University, JapanThe Influence of Unions on Wages in Japan: Taking into Account Factors Related to
Corporate GovernanceSpeaker: Hisashi OKAMOTO*, Associate Professor, Kobe Gakuin University, Japan
Tsukasa MATSUURA, Associate Professor, Chuo University, Japan
Discussant: Yasuko HINOKI, Associate Professor, Osaka International University, Japan
Effects of Public Works on Private Employment after a Natural Disaster:
A Case in the Stricken Area of the Great East Japan Earthquake
Speaker: Keigo KAMEDA*, Professor, Kwansei Gakuin University, Japan
Hiroyoshi MIWA, Professor, Kwansei Gakuin University, Japan
Jun-ichi NAGAMINE, Professor, Kwansei Gakuin University, Japan
Discussant: Yoshiyuki TANAKA, Lecturer, Kobe University, Japan
Effects of Trade Liberalization on Gender Wage Gap:
Evidences from Panel Data of the Indian Manufacturing Sector
Speaker: Manabu FURUTA*, Academic Researcher, Kobe University, Japan
Pradir BHATTACHARYA, Associate Professor, Heriot-Watt University, United Kingdom
Takahiro SATO, Professor, Kobe University, Japan
Discussant: Tomokazu NOMURA, Associate Professor, Aichi Gakuin University, Japan
Session 8B:
Welfare and Social Security Policy
Chair: Mazuru NAKAMURA, Professor, Aoyama Gakuin University, Japan

Room 6

Formulation of Capability Approach Considering Individual Utilization Ability
Speaker: Huilin WANG, Ph.D. Student, Hitotsubashi University, Japan (China)
Discussant: Kazuhiro YAGUCHI, Professor, Keiai University, Japan
Reducing Pharmaceutical Reimbursement Price Risk to Lower National HealthExpenditures without Lowering R&D Incentives:
Numerical Simulation and Questionnaire Survey
Speaker: Hiroshi NAKAMURA, Professor, Keio University, Japan
Naohiko WAKUTSU*, Assistant Professor, Nagoya City University, Japan
Discussant: Kaoru OKAMURA, Associate Professor, Kumamoto Gakuen University, Japan
Capability Sets of Patients:
Empirical Estimation and Fluctuating Factors in Hospitalized and Home Patients
Speaker: Hideyuki KOBAYASHI, JSPS Research Fellow PD, Keio University, Japan
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Discussant: Katsuyoshi NAKAZAWA, Professor, Toyo University, Japan
Session 11B:
International Economic Policy
Chair: Charles PARK, Professor, Kumamoto Gakuen University, Japan (Korea)

Room 7

The Direct Effect of Exchange Rate Volatility on Inflation: Theory and Evidence
Speaker: Sadettin Haluk ÇITÇI*, Assistant Professor, Gebze Technical University and Sabancı
University, Turky
Hüseyin KAYA, Associate Professor, Medeniyet University, Turkey
Discussant: Atsuyuki KATO, Associate Professor, Kanazawa University, Japan
Scale of Economy and Currency Crisis
Speaker: Etsusaku SHIMADA, Ph.D. Student, Kobe University, Japan
Discussant: Kazuki HIRAGA, Associate Professor, Tokai University, Japan

Note: The mark * right after the name shows that the person is the speaker.

18Organization of the 16th International Conference
The JEPA
President: Takashi YANAGAWA
The International Committee of the JEPA
Chair: Akira MAEDA
Vice Chair: Naotsugu HAYASHIThe Program Committee of the JEPA2017 International Conference
Chair: Mitsuhiko SATAKE
Vice Chair: Shumpei YAOITA
Secretary General: Kazuhiko NAKAHIRA
Vice Secretary General: Toru NAGAHARAMembers:
David FLATH, Kentaro TACHI, Kanae MUSHA, Tetsuhiko IZUMI, Mizuki NAKAMA, Naotsugu
HAYASHI, Yuko ARAYAMA, Ryokichi CHIDA, Tomoko KINUGASA, Daisaku GOTO,
Yoshihiko AKASHI, Takashi YANAGAWA, Norihiro KASUGA, Satoru HASHIMOTO, Kanji
MURAMATSU, Akiko SAKANISHI, Risa HAGIWARA, Yoji TANIGUCHI, Katsuyoshi OKUI,Taro OZAWA, Mazuru NAKAMURA, Kazuhiro YAGUCHI, Kunio KAMIYAMA, Toshiyasu
ITO, Syun-ichi MAEKAWA, Yujiro OIWA, Akira MAEDA, Masahiro YABUTA, Patrick
Q.COLLINS, Tatsuma WADA, Yukihiro IIDA, Hajime MOTEGI, Mirzosaid SULTONOV,
Kazuyuki ISHIDAThe Managing Committee of the JEPA2017 International Conference
Chair: Hajime OSHIRO
Vice Chair: Kazuyuki ISHIDA
Members:
Kazuhiro MIYAGI, Kentaro OTANI, Takao IIDA

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Call for Papers
International Journal of Economic Policy Studies (IJEPS)
Those who have presented their papers at the JEPA international conferences are cordially invited to submit
their manuscripts to publish in the International Journal of Economic Policy Studies (IJEPS).
The IJEPS is an official refereed-journal of the Japan Economic Policy Association (JEPA). It is
web-based and is published once a year on the JEPA website. There will be no hard copies available. See thefollowing webpage: http://en.jepa.jp/ijeps/
The IJEPS is calling for high-quality papers for the next issues. Follow the instructions below.

Submission Instruction
1. Qualification
The submitted paper must have been accepted and presented at the 16th JEPA International Conference. It
also needs to be revised in accordance with comments and advises offered by the conference attendees
including discussants and chairpersons before submitting to the journal.

2. Deadline
The revised full paper must be submitted by email to the below-mentioned address by one of the following
deadlines.
Deadline 1: December 31, 2017
Deadline 2: July 31, 2018

The former deadline must be considered as a primal one and thus is strongly recommended. The latter is
supplementary for those who have missed the former.

3. Format and Size
The length of the paper is expected to be around 6,000 to 8,000 words including all formulae, references,tables and figures. Microsoft Word and the doc/docx file form must be used. Do not submit in the pdf fileform. Font should be Times New Roman, and font size 11 point. JEPA conference’s full paper template isrecommended to use.

4. Language
For those who are Japanese-native speakers, the following option is available: The entire peer-review
process can be made in Japanese while the paper itself is written in English. That is, the corresponding
author can obtain peer-review reports in Japanese and is allowed to make replies in Japanese.
For those who wish to take this option, please indicate as it is in the Toko Renraku Hyo (contactform) at the time of submission. For the detail, see the following web-site where the form is available:
http://jepa.jp/jepajournal2-2/

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5. Submit the manuscript to:
IJEPS Editorial Committee, The Japan Economic Policy Association
E-mail: ijeps#jepa-hq.com (# should be replaced by @.)Be sure that when you email, write in the title column “Submission to the IJEPS.”
Akira Maeda
IJEPS Editor
Professor, The University of Tokyo

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