KIER
2012-2013 Overview of Institute of
Economic Research
Kyoto University

C O N T E N T S■2012-2013 Overview of Institute of Economic Research Kyoto University

Foreword ………………………………………………………………………………………01
Organization and Research Staﬀ…………………………………………………………02
Actual Staﬀ ……………………………………………………………………………………03
List of Directors………………………………………………………………………………03
List of Professors Emeriti …………………………………………………………………03
Research Divisions and Centers
Economic Information Analysis Division …………………………………………………04
Economic Institution Division………………………………………………………………04
Strategic Economic Studies Division………………………………………………………05
Finance Research Division …………………………………………………………………05……………………………………06
Research Center for Economics of Complex Systems……………………………………………06
Research Center for Advanced Policy Studies
Contemporary Economic Analysis Division (Visiting Researchers)……………………07
Joint Usage / Research Center“International Joint Research Center of Advanced Economic Theory” ……07
International Research Unit of Integrated Complex System Science(IRU-ICSS) ……08
Institute of Sustainability Science ………………………………………………………08
Global COE Programs“Raising Market Quality ‒Integrated Design of Market Infrastructure”(Joint Program with Keio University) …09“Human Behavior and Socioeconomic Dynamics”(Joint Program with Osaka University) …09
ICAM Kyoto Branch …………………………………………………………………………10
Tokyo Branch…………………………………………………………………………………10
Social Contribution……………………………………………………………………………11
KIER Track Record …………………………………………………………………………16
Library……………………………………………………………………………………………18
Finances…………………………………………………………………………………………19
Chronological Table…………………………………………………………………………20
Map & Access…………………………………………………………………………………21

Foreword

Foreword
For close to half a century the Kyoto Institute of Economic Research(KIER) has been a leader in Japan in the sphere of fundamental scientiﬁc
economics centering on theoretical economics and econometrics. Moreover, the institute has recently increased its emphasis on research in thesphere of applied scientiﬁc aspects of economics, and has received strong
appreciation for its positive progress in policy assessment and policy
recommendations.
KIER is conducting the most prominent research in the ﬁeld of
economics at the international level, and our mission is to contribute todevelopment of economics. Each member of the institute is
Satoshi Mizobata, Director further
aiming to pioneer the international research front line, and our research
Kyoto Institute of Economic Researchteam is conducting research with the primary goal of leading the ﬁeld.
For instance, in terms of number of research papers published in international journals per researcher and the frequency of their citations in various scholar publications, KIER whenranked with the Graduate School of Economics (Faculty of Economics) maintains one of the top positions
among domestic academic institutions specializing in economics in Japan. The Institute has signiﬁcantly
contributed to the development of economics at the international level.
KIER has managed to keep its position as the most prominent center for economic research representing
Japan nowadays, due to the fact that since its creation KIER pursued the so-called American model ofresearch institution and recognized the necessity of competition that comes with it. KIER was the ﬁrst
institution in Japan to implement the original reform. At those times researchers sent their papers toresearchers abroad in the form of technical reports. The idea was to get publications in international scientiﬁc journals with a peer-reviewed system. The academic and research achievements of researchers areevaluated by the number of papers published in specialized journals with a peer-reviewed system and thequality of those papers. KIER is not issuing its own academic journal in order to stimulate publications injournals with the referee system. Long-term business trips of assistant professors are also encouraged. One
secretary is appointed for each two professors. KIER also actively invites foreign researches. The basic
criteria for the employment and promotion policy are academic and scientiﬁc results, the popularity and rankof applicantsʼ educational institutions do not matter. This system oriented on scientiﬁc and academic results
was quite a unique one in Japanese scientiﬁc society in the late 1960s. Thanks to the maintenance and further
development of such a system, KIER has become a highly honored institution positioning economic theory
and econometrics as its scientiﬁc Meccas.
Economic and social, research and educational environments constantly change. Our institute is also evolving in two major directions. One of them is the contribution to the development of economics through joint
research projects. In 2010 KIER got approved from the Japanese Ministry of Education, Culture, Sports,
Science and Technology (MEXT) as a Joint Usage and Joint Research Center putting emphasis on fundamental research in the sphere of Economics of Complex Systems and Economic Strategy and Organization. KIER
was also granted status as an International Joint Research Center for Advanced Economic Theory. Throughthese centers KIER strengthens its role in the international researchers community by providing researchresources raised by the institute and forming international research networks. In addition, KIER is thecentral institution in the International Research Unit for Economics of Complex systems established at Kyoto
University and it is actively putting a lot of eﬀort in to international and academic research in the sphere of
economics of complex systems. Another direction is recognizing the importance of real economic processes
and their theoretical research explanation. Therefore KIER is contributing to the development of appliedscientiﬁc studies. The Research Center for Advanced Policy was established in 2005. Five ﬁxed-term
academic researches (4 from the prefectural ministries and one from a private research institution) wereinvited to participate. In collaboration with them KIER is actively proposing policy recommendations. Contribution to the society and economy is reached thanks to perfecting the interface between theoretical studies
and policy implications.
KIER also considers education to be an important part of its mission and actively participates in educating
graduate school students and young researchers. Professors of our institute teach at the Graduate School of
Economics. KIER is also accepting special researchers from the Japan Society for the Promotion of Science,
Global COE researchers, ﬁxed-term teachers and assistant professors. Many young researchers receive
profound knowledge at KIER and leave our institute to become professors in famous universities. Educationand training processes for graduate school students and young researches is also done in the form of realization of COE program of the 21st century launched in 2003 and based on the Educational Research Center of
Global COE launched in 2008 with the cooperation of Keio and Osaka universities. Moreover, KIER was oneof the ﬁrst to introduce the tenure track system at Kyoto University and in the ﬁeld of social sciences. Our
institute maintains an open-door policy towards employment and education of young talented researchers.
KIER has signiﬁcantly contributed to the development of economics in Japan, both by conducting modern
research activities in the sphere of economics and as the education and research center for joint usage andjoint research projects that attracts many foreign researchers from abroad. In order to maintain our position
as the development and creation center in the sphere of economics we aim to continue our unceasing eﬀorts
in the future.

Overview of Institute of Economic Research, Kyoto University 1

Organization and Research Staff

Organization and Research Staﬀ
K I E R

Outside organization
University ofCalifornia

Joint Usage/
Research Center

Keio
University

ICAMK Kyoto Branch

Osaka
University
University ofTokyo

Global COE Programs

Inside organization

Interntional Research Unit ofIntegrated Complex System
Science(IRU-ICSS)

Economic Information Analysis Division
Economic Institution Division
Strategic Economic Studies Division
Finance Research Division

Graduate Schoolof Economics
Research Institute forMathematical Sciences

Institute of
Sustainability Science

Graduate Schoolof Science

Cooperation

Contemporary Economic Analysis Division(Visiting Researchers)

Research Center for Economics of Complex Systems
Research Center for Advanced Policy Studies

Research Divisions

Research Areas

Research Staﬀs

Economic Information Analysis Division

Macroeconometric Analysis

Professor

Hiroshi TERUYAMA

Microeconometric Analysis

Professor

Hiroshi OSANO

Associate Professor

Ryo OKUI

Economic Analysis of Institutions

Professor

Satoshi MIZOBATA

Economic Analysis of Organizations

Professor

Chiaki HARA

International Trade and Economic Grouith

Professor

Kazuo MINO

Game Theory

Professor

Haruo IMAI

Associate Professor

Tadashi SEKIGUCHI

Environment and Public Policy

Professor

Kenn ARIGA

Strategic Market Theoy

Professor

Atsushi KAJII

Risk Management

Professor

Akihisa SHIBATA

Market Quality

Professor

Makoto YANO

Financial Econometric Analysis

Professor

Yoshihiko NISHIYAMA

Assistant Prosessor

Kazumichi IWASA

Associate Professor

Giulio Seccia

Professor

Kazuhiro KUMO

Associate Professor

Qingfeng LIU

Professor

Tomoyuki NAKAJIMA

Assistant Professor

Shuhei TAKAHASHI

Spatial Economics

Professor

Tomoya MORI

Dynamic Economic Systems

Professor

Tadashi SHIGOKA

Professor

Keiko OMORIAssociate Professor

Masahiko NAKAZAWA

Associate Professor

Masataka SABURI

Associate Professor

Masaaki SUZUKI

Associate Professor

Masahiro SATO

Project Professor

Kazuo NISHIMURA

Project Assistant Professor

Takashi KOMATSUBARA

Project Professor

Masahisa FUJITA

Visiting Professor

Ryuhei WAKASUGIGeneral Aﬀairs Section

Section HeadToshikazu SUMII

Accounting Section

Section Head

Satoshi INOUE

Library Section

Section Head

Akiko NISHIMURA

Experimental Economics
Economic Institution Division

Strategic Economic Studies Division

Mathematical Finance

Finance Research DivisionInternational Financial Economics(Visiting Researchers)

DirectorContemporary Economic Analysis Division(Visiting Researchers)

Research Center for Economics ofComplex Systems

Complex Economic Systems

Research Center for Advanced Policy Studies

Global COE Programs

Grant-in-Aid for Specially Promoted Research

Administration Oﬃce
Head

Osamu

BABA

(as of October 2012)2

Actual Staff

Actual Staﬀ
Classiﬁcation
Research Divisions
Visiting researchers
Foreign visiting researchers
Global COE Programs
Grant-in-Aid for Specially Promoted Research
Total

Professor

Associate
Professor

15
1

6
1
1

2

8

3

1
2
19

Lecturer

AssistantAdministrative
Professior Sub-total
Staﬀ

9

23
2
1
2
2
30

1

Total

9

32
2
1
2
2
39

(as of October 2012)

List of Directors

List of Directors
Directors

KISHIMOTO, Seijiro
AOYAMA, Hideo
BABA, Masao
MORIGUCHI, Chikashi
ONOE, Hisao
YUKIZAWA, Kenzo
MIYAZAKI, Yoshikazu
MIYAZAKI, Yoshikazu
ONOE, Hisao
BABA, Masao
KOIKE, Kazuo
KOIKE, Kazuo
SUGIMOTO, Syoshichi
SAWA, Takamitsu
FUKUCHI, Takao
SAWA, Takamitsu
FUJITA, Masahisa
SAWA, Takamitsu
NISHIMURA, Kazuo
YANO, Makoto
MIZOBATA, Satoshi

Term

1962. 4 . 1
1966. 4 . 1
1971. 12. 1
1974. 4 . 1
1974. 7 . 16
1978. 7 . 16
1980. 2 . 8
1980. 4 . 1
1983. 4 . 2
1986. 4 . 1
1986. 10. 27
1987. 1 . 1
1988. 4 . 1
1990. 4 . 1
1994. 4 . 1
1995. 4 . 1
1999. 4 . 1
2001. 4 . 1
2006. 4 . 1
2010. 4 . 1
2012. 4 . 1

〜
〜
〜
〜
〜
〜
〜
〜
〜
〜
〜
〜
〜
〜
〜
〜
〜
〜
〜
〜

1966. 3 . 31
1971. 11. 30
1974. 3 . 31
1974. 7 . 15
1978. 7 . 15
1980. 2 . 8
1980. 3 . 31
1983. 4 . 1
1986. 3 . 31
1986. 10. 27
1986. 12. 31
1988. 3 . 31
1990. 3 . 31
1994. 3 . 31
1995. 3 . 31
1999. 3 . 31
2001. 3 . 31
2006. 3 . 31
2010. 3 . 31
2012. 3 . 31

List of Professors Emeriti

List of Professors Emeriti
Professor Emeriti

KISHIMOTO, Seijiro
AOYAMA, Hideo
ONOE, Hisao
MIYAZAKI, Yoshikazu
SEO, Fumiko
SUGIMOTO, Syoshichi
MORIGUCHI, Chikashi
FUKUCHI, Takao
AOKI, Masahiko
SAWA, Takamitsu
UEHARA, Kazuyoshi
SAKAI, Akio
FUJITA, Masahisa
TUKATANI, Tuneo
NISHIMURA, Kazuo
WAKASUGI, Ryuhei

Date of the title conferred

1966. 4 . 2
1973. 4 . 2
1986. 4 . 1
1990. 1 . 23
1993. 4 . 1
1996. 4 . 1
1997. 3 . 4
1997. 3 . 4
2001. 3 . 6
2006. 4 . 1
2007. 4 . 1
2007. 4 . 1
2007. 4 . 1
2008. 4 . 1
2010. 4 . 1
2012. 4 . 1
Overview of Institute of Economic Research, Kyoto University 3

Research Divisions and Centers

Research Divisions and Centers
Economic Information Analysis DivisionThis division, comprehensively viewing the theory and application of econometric analysis andexperimental economics as economic information analysis, aims to contribute to the development of theresearch ﬁeld. The division comprises three research sections: “macroeconometric research”,“microeconometric research”, and “experimental economics research”. The objectives of the division are
described below.
The ﬁeld of empirical economic research that, by using quantitative data to identify and statisticallyanalyze economic activity, tries to elucidate behavioral principles of economic agents and economic lawsof motion has been exhibiting new developments in recent years. Since developments in computer
technology have enabled the eﬃcient statistical calculations of large amounts of data, the ﬁeld of
microeconometrics, which analyzes microeconomic data related to households and ﬁrms based on the
behavioral principles of economic agents, is also developing. For this reason, in the ﬁeld of econometrics,
remarkable progress is being observed in the development of analysis methods for panel data, which
comprises time-series and cross-sectional information, and qualitative data that cannot be expressed inquantitative form. Further, eﬀorts at creating panel data by means of questionnaire surveys, etc., willgrow even more important in the future. The objective of “microeconometric research section” is tocontribute to the development of microeconometrics by fusing econometric theory with the applied
microeconomic areas such as the labor economics, corporate ﬁnance, and industrial organization.
At the same time, the analysis of macroeconomic data using time-series analysis techniques andcomputer-based numerical simulation techniques forms the core of the empirical analysis used inmodern macroeconomics. The objective of “macroeconometric research section” is, in order to realize
the further development of these cutting-edge ﬁelds of macroeconometrics, to promote the coordinationof econometric theory centering on time-series analysis techniques, economic model analysis techniques
based on numerical calculation (computational economics), and the theoretical and empirical analysis inmacroeconomics.
There have also, in recent years, been remarkable advances in the experimental methods used ineconomics. The objective of “experimental economics research section” is to develop the analysis of
economic phenomena using economic experiments, statistical techniques for analyzing the experimental
results, and behavioral economics.

Economic Institution Division
In this division, we study the emergence and evolution of social and economic organizations,institutions, and conventions. We are particularly interested in the comparative study of social andeconomic institutions, the economic analysis of corporate organizations, and the analysis of social
decision-making processes. Economic growth is also a subject of our study. We pursue our research
agenda under the following three headings.
The “economic analysis of institutions” involves the comparison and evaluation of economic institutions.
It is based on the empirical and theoretical analysis of the market system and various other institutions.
Also, the emergence andevolution of such systems areassessed from a dynamic
viewpoint. This study is carriedout not only from political andhistorical perspectives but alsowith techniques and insights
developed in sociology.
The “economic analysis oforganizations” involves theanalysis of the inner structureoforganizations
andtherelationship between them. The
use of contract theory allows us
to deal not only with corporate
organizations but also withlegislative bodies and other4

types of organizations. The validity of the analysis is assessed in view of the empirical ﬁndings. The
connection with the ﬁelds of law, management, and other related studies is also explored.
The “economic analysis of growth” involves the analysis of economic growth in various countries. It also
covers the impact of monetary policy on economic growth. The interaction between theoretical andempirical analysis is an integral part of this analysis.

Strategic Economic Studies Division
While continuing the research performed by the Public Policy Division, which was geared towards
applying the results of economic theory studies to policy formation, this division, which was establishedin 2009, bases its studies on the strategic activity that plays a role in advanced theory. Its objective isto establish a framework for promoting and disseminating more advanced theoretical study andpromoting its application to the ﬂexible and systematic consideration of policy issues. It pursues thestudy of strategic economic theory and policy analysis by dividing the study of strategic economics into
the following areas: “game theory”, which incorporates the study of cutting-edge economic strategy
theory, performed by analyzing the individual and group-level decision-making processes that lie at theheart of economic theory in terms of aspects such as uncertainty and dynamics; “market economy
strategy”, which involves the analysis, based on the strategic transactional relationships that exist in
the market economy, which is the fundamental economic institution, of the economic phenomena thatform the base of policy analysis from a wide range of perspectives; and “environment and public policy”,
which involves the analysis of the strategic systemization of policies pertaining to the environment, theinternational economy, ﬁnancial markets, and ﬁscal-monetary policy.
In “game theory”, this division studies strategy theory and its methodology, centering on game theory
and individual decision-making theory, which continues to develop at the forefront of economic theory
even now, and promotes international exchange and the dissemination of information in this ﬁeld. The
objects of study include decision-making theory that incorporates the results of behavioral economics,
the systematic analysis of incomplete information games, the problems of the theory of inﬁnite-horizon
dynamic games, and the foundation and application of cooperative game theory.
In “market economy strategy”, with respect to a broad range of aspects of the market economy, thisdivision analyzes the strategic behavior of corporations, consumers, and governments, examines themethods used to evaluate market performance, and compares economic eﬀects based on considerationof competition policies.
In “environment and public policy”, with respect to the important issues in the global economy faced
by its predecessor, the Public Policy Division, such as ﬁscal-monetary, international, and environmental
economic policies, this division applies the results of economic strategy analysis to the rapid formulationand evaluation of ﬂexible policies and also focuses on the systematic analysis of strategic issues sharedby the various ﬁelds, which form the basis of policies. In particular, ﬁscal-monetary policy is handled asa central issue of economics and as the ultimate issue of policy analysis.

Finance Research Division
Investors and business people are required to discern the uncertainty existing within companies andthe market and accurately pursue proﬁtability within them with regard to the increasingly chaotic
current economy. Although it is criticalto understand future uncertainties andto identify and measure the various
risks and to decisively optimize risk
management, it is Financial Engineeringand Finance that provide the foundation
regarding them. With this in mind, it isevident that Financial Engineering and
Finance are ﬁelds of great importance.
The Kyoto Institute of Economic
Research established the ResearchCenter for Financial Engineering in2000 and it has played a role as aninternational hub in the ﬁeld for 10
years. In order to expand the functionsof the center as a base for Financial
Overview of Institute of Economic Research, Kyoto University 5

Engineering and ﬁnance research and education which were established through 10 years of its
activity, the center was reorganized to become “Finance Research Division” in April 2010.
The Finance Research Division aims to examine, in the light of the current global ﬁnancial crisis, theoptimal risk management in ﬁnancial markets and the roles of infrastructure, institutions, convention
and ethics to improve the ﬁnancial market quality as well as behavioral ﬁnance theory in order tocontend with a wider range of problems at higher levels than ever before. In addition, it seeks toanalyze the factors involved in the ﬁnancial crises as well as the measures needed to prevent theirre-occurrence. Moreover, placing importance on risk management in organizations, the Division has
established the following areas as its research ﬁelds: “Risk Management”, “Market Quality”,“Mathematical Finance”, “Financial Econometrics Analysis” and “International Financial Economics”.
The Division will continue to study measures to revitalize the economy and measures to deal with risksfacing the Japanese economy in the future, while cooperating closely with other Divisions at the Kyoto
Institute of Economic Research.

Research Center for Economics of Complex Systems
The application of the science of complex systems to economics advanced greatly in the 1990s. Within
this discipline, KIER has achieved great success in the ﬁelds of nonlinear economic dynamics andspatial economics. Between 1997 and 2003, we received Grants-in-Aid for Scientiﬁc Research in relation
to the formation of a center for the economics of complex systems. During this period, we held multiple
interdisciplinary and international conferences, and through joint researches with many overseas
scholars, we achieved signiﬁcant results as an international center of this ﬁeld. The purpose of theestablishment of this center is to ensure a permanent research base for the economics of complex
systems.
The Research Center for Economics of Complex Systems focuses on the study of “economics ofcomplex systems” as a central research theme, together with “spatial economics” and “economic
dynamics”. The objective of the “economics of complex systems” is to elucidate, in a uniﬁed way, humancognition and behavior, strategic interdependent relationships, and macroeconomic ﬂuctuation
phenomena. In order to explain cyclical economic phenomena involving many agents, the research oninterdependence and self-organization is conducted to reconsider the hypotheses of the behavioral
patterns of economic agents applied in traditional economics. For example, results pertaining to therelationship between multi-sector economies and multiple equilibria and to high-dimensional chaos canbe expected.
“Spatial economics” studies the mechanism of
SpatialEconometrics
economic agglomerations such as industrial
Economics
clustering, city formations and transport network
Endogenous
formations, whose spatial patterns often provide
GrowthMacroInternational
typical examples of self-organizations leading to
Economics ofDynamics
Trade
Complex Systems Strategic
the emergence of orders.
Behaviour“Economic
dynamics”
develops
formal Dynamic
Game
Experimental
Economics
methodologies used in nonlinear dynamic analysis
based on the standard temporal-spatial framework,
Biologyand to construct a mathematical foundationcommon to all the research areas of this center.

Research Center for Advanced Policy Studies
The Research Center for Advanced Policy Studies (CAPS) was established in July 2005 as part of
KIER to promote the joint research activities by ﬁxed-term researchers appointed from central
government oﬃces, who mainly conduct practical policy research, and tenured KIER researchers, who
mainly conduct theoretical research. This center handles three research areas: ﬁnancial policies (ﬁscal
and monetary policies), global policies (interdependence of international policies), and communal policies(environmental, medical, and urban issues). These three policy research areas are closely related, andtheir combined objective is the multifaceted analysis of policies based on the needs of the times.
CAPS comprises ﬁve professors with ﬁxed term appointment, hereinafter referred to as non-tenured
professors, and one tenured professor (the center director; KIER position held concurrently) responsible
for the operation of the center. Non-tenured professors are dispatched from policy-related institutions;four are from government departments (Cabinet Oﬃce, Ministry of Finance/Financial Services Agency,
Ministry of Economy, Trade and Industry, and Ministry of the Environment) and one is from a private
6think tank, Mizuho Research Institute.
By investigating the eﬃcacy of the techniques and theory pertaining to advanced economic analysis,
which is KIERʼs main research area, and quickly and precisely linking the results of advanced economic
research to policy analysis, the center reﬂects the fruits of its research in actual economic policies. Its
objective is to promote interaction that overcomes the barriers between governmental, private andacademic institutions, as well as between government departments, to realize a reciprocal ﬂow ofhuman resources between the policy-related institutions and the academic world, and to foster boththeoretical and empirical policy research.
The center was established based on an awareness of the fact that the cultivation of policy makers
with superior skills of bargaining and persuasion, supported by specialized knowledge, and theformation of policies that can attain a high level of approval from the international community isimportant for the Japanese government. In order to achieve the improvement in Japanese policy
analysis required for this, it is essential that the practice of compartmentalized policy formulation andanalysis is abolished and that two-way ﬂow of human resources and ideas is promoted between thepolicy-related institutions and the academic world. The center thus plays an important role incontinually providing a place for such interaction and supporting free and vigorous exchange.
Also, reﬂecting the fruits of the research performed by
KIER, which centers on theoretical study, in Japanʼseconomic policies represents an important opportunity todemonstrate the eﬃcacy of theoretical economic research.
At the same time, eﬀectively identifying the practical needsof actual policies is indispensable if theoretical economic
research is to maintain a sense of reality. Joint research
conducted with staﬀ at the center will allow full-time KIER
researchers to understand accurately latest policy-related
research needs, and to conduct theoretical and empiricalresearch that meets these needs.

Contemporary Economic Analysis Division (Visiting Research Division)
This division was established to accept outstanding researchers from outside the university as visiting
professors, and thereby attain powerful support for research. Its studies center on the theoretical andempirical research of the current problems of the Japanese economy. The topics of these studies
change every year.

Joint Usage / Research Center “International Joint Research Center of Advanced Economic Theory”

International Joint Research Center of Advanced Economic Theory
KIER promotes joint research broadly with researchers both in Japan and elsewhere as aninternational hub for researching advanced economic theory. In view of these activities, KIER was
authorized by MEXT in FY2010 as an “international joint research center of advanced economic
theory” as the Joint Usage / Research Center based on the medium term objectives of promoting
research in the two ﬁelds of advanced economic theory of “Economics of Complex Systems” and“Economic Strategy and Organization”.
The center uses an abundance of human resources and facilities at KIER, and international research
networks that have been cultivated to date as research resources to promote the international joint
research into advanced economic theory, and is working to train researchers involved in economic
theory research internationally. The center is managed by Advisory Committee for Joint Research /Usage Center comprising ten members, ﬁve members from within KIER and ﬁve extramural members
representing the researcher community.
Open project research is positioned at the heart of the centerʼs operations. This work uses theresearch resources of KIER regarding themes identiﬁed as important in economics by organizing
research groups represented by researchers outside KIER to publicly solicit and implement intensive
joint research for one year. Implementing this project research enables the expectation that many
unique research results will arise.
Investigation of these open projects is implemented by a Selection Committee for Research Projects
comprising ﬁve members from within KIER and ﬁve from outside in consideration of the scope of thespecialist research, and the Advisory Committee decides whether or not to adopt the project based on
the investigation results. In FY2012, the following twelve projects have been adopted in line with
Overview of Institute of Economic Research, Kyoto University 7

general research projects, taking “macroeconomic analysis of economic crisis and disaster recovery” as
the core research project (i.e., the main theme research project).
Titles of the FY2012 Project Research Themes
Main Research themes“Theoretical and empirical studies for disaster recovery
by an approach of market quality economics”“A numerical evaluation on ﬁscal sustainability in Japan”“Equilibrium analysis of asset markets with transaction costs”

General Research Themes

Researcher Names and Aﬃliations
Hiroshi FUJIU, Chiba Keizai University
Real ARAI, Graduate School of Social Sciences,
Hiroshima University
Masaaki KIJIMA, Graduate School of Social Sciences,
Tokyo Metropolitan University

Researcher Names and Aﬃliations“Frontier of the contract theory”“Tests for regularity conditions”“Self-organization of central place regularities in city systems”“Research on wage dispersion and labor adjustment”“On the Eﬀects of labor policies on contingent worker employment:
an approach with micro data”“Internationalization of ﬁrms in the global market”“Comparative economic analysis on labour motivation problems”“Conﬁdence sets centered at post-model-selection estimators andmodel averaging estimators”“A study on career choices by female researchers in Japan”

Hideshi ITOH, Graduate School of Commerce andManagement, Hitotsubashi University
Kohtaro HITOMI, Graduate School of Science andTechnology, Kyoto Institute of Technology
Yuki TAKAYAMA, Graduate School of Science andEngineering, Ehime University
Ryo KAMBAYASHI, Institute Economic Research,
Hitotsubashi University
Ryuichi TANAKA, National Graduate Institutefor Policy Studies
Ryuhei WAKASUGI, Center for Economic Growth
Strategy, Yokohama National University
Hiroaki HAYASHI, Faculty of Policy Studies,
The University of Shimane
Qingfeng LIU, Department of Economics,
Otaru University of Commerce
Yukiko ABE, Graduate school of Economics andBusiness Administration, Hokkaido University

Further, the center distributes international information on advanced economic theory by actively
hosting international conferences and symposiums on advanced economic theory research in league
with the project research. The centerʼs activities and information distribution is supported by the
Support Oﬃce of the Joint Usage / Research Center.

International Research Unit of Integrated Complex System Science (IRU-ICSS)International Research Unit of Integrated Complex System Science (IRU-ICSS)
Kyoto University is proud of its abundant human resources as well as outstanding research results inthe wide-ranging research ﬁelds from micro elements to macro human social economic phenomena. In
order to draw out human resources that can develop further research and solve the increasingly
complex and diverse problems of the future, the “International Research Unit of Integrated Complex
System Science” (“The Unit”), which uniﬁes across divisions by planning international alliances based on
the common research theme of “complex systems”, was established on 1 April 2010, and its oﬃces arelocated in the Kyoto Institute of Economic Research (KIER), and is represented by Kazuo Nishimura(project professor at KIER).

Institute of Sustainability Science

Institute of Sustainability Science (ISS)The Institute of Sustainability Science (Director Satoshi Konishi,
professor from the Institute of Advanced Energy) is an organization
launched in FY2006 to establish next-generation comprehensive
science to unify and meld diﬀerent ﬁelds to open up a newhumanosphere centering on the natural sciences to create asustainable society by protecting and nurturing a sustainable humanexistence and opposing the human existence crisis. Here, theoreticalresearch regarding speciﬁc social problems starting with the global
environment issues has aimed from the start to be linked with speciﬁc
problem solutions such as proposing policies to policy decision-makers.
At KIER, we have cooperated in these research activities from thestandpoints of economics and policy research, and to further deepenout alliances in the future, we have participated as formal members of
the Unit since FY2010.
8

Global COE Programs

Global COE Programs■ “Raising Market Quality ‒Integrated Design of Market Infrastructure”(Joint Program with Keio University)

Kyoto Institute of Economic Research (KIER) operates the global COE program “Raising Market
Quality-Integrated Design of Market Infrastructure” jointly with the Graduate School of Economics, and
the Graduate School of Business and Commerce at Keio University.
This program is built on the common viewpoint of “market quality theory”. According to this theory,when fundamental productivity increases rapidly, as in the period of an industrial revolution, theelements (market infrastructure) that surround the market, such as law, culture, and customs, etc.,
become obsolete. This lowers a market quality and could eventually lead to economic crisis. Even
before the 2008 world ﬁnancial crisis, we warned the imminent possibility of this danger by pointing
out, “The many problems of modern economics such as the sub-prime problem... causes falls in market
quality” (the initial proposal, February 2008). In February 2009, after the break of the ﬁnancial crisis,
we organized a joint symposium with the Science Council of Japan, in which the practical relevance ofthe theory, and our program, was strongly acknowledged.
Our COE program aims for policy research more closely bound to reality by continuing the work of
the 21st-century COE. The core research themes are concentrated into four:(1) The complex systems analysis of “market quality dynamics”,(2) Panel data conﬁguration and empiricism to examine the dynamics of quality in the Japanese labormarket,(3) Examination of “market quality theory” from various viewpoints such as applicable economic
theory, history, and industrial systems, and(4) The proposal and speciﬁc introduction of new policy ideas that is centered on an improvement ofmarket quality.
At the same time, the program aims to educate many young researchers who can conduct their own
research on market quality theory in the future. Through these educational and research activities, theultimate aim of the centerʼs research is to contribute toeconomic recovery after the ﬁnancial crisis and to create aworld economy with high-quality markets.
As a part of our program, KIER publishes the International
Journal of Economic Theory from Wiley-Blackwell. The
journal started in 2005 as a joint project between KIERʼs
21st-century COE and Keio Universityʼs 21st-century COE
and is the ﬁrst international specialist publication foreconomic theory edited principally by Japanese researchers.
Within three years of its inauguration, the International
Journal of Economic Theory has earned a listing in the Social
Sciences Citation Index, the leading international database on
research in social sciences and is now regarded as ahigh-quality, global specialist publication on economic
theory.

■ “Human Behavior and Socioeconomic Dynamics”(Joint Program with Osaka University)

The purpose of the research program is to clarify the dynamics of social economics based on actual
human activities, and to present methods to solve the current economic problems as well as to train
young researchers by fusing traditional economics with research in other ﬁelds such as brain science,
psychology, and social studies, and using new research methods such as economic experimentation andsurveys. Traditional economics instructs on economic policy by successfully explaining household
activities and business activities, analyzing market eﬃciency, and explaining various social economic
phenomena, based on the premise that people act rationally. It is a fact that in recent years, however,its limitation has become evident. For example, traditional economics cannot satisfactorily explain suchproblems as recessions, the rise and bursting of bubbles, the problem of multiple debtors,
environmental problems, economic inequality, and uncertainty.
These weak points in traditional economics are plugged by behavioral economics, which attempts to
Overview of Institute of Economic Research, Kyoto University 9

reconﬁgure economics based on the premise of the actual characteristics of human action. The research
program will clarify the dynamics of social economics, which has eluded the grasp of existing analysis,
based on the characteristics of human actions measured using the research methods in the other ﬁelds
such as brain science, psychology, and social studies in the following way. Firstly, to further deepen thebasic understanding of human actions. Secondly, to promote the applicable analysis of social economic
problems. Thirdly, to promote international comparative research and international joint research
centered on economic experiments and surveys.
These research subjects are interconnected. What is required of the economics researchers is theability to conduct research using new ideas and methods, to propose solutions, and to publish theirresults internationally, based on high-level analytical techniques when directly confronted with new
economics problems. PhD students are not only in daily contact with the results of global cutting-edge
research though intensive GCOE lectures and participation in GCOE workshops and conferences, butalso learn new research methods such as panel surveys and economic experiments through experience
as research assistants (RAs) and teaching assistants (TAs) for the GCOE project. This education systemtrains interdisciplinary researchers who are not shut away in a speciﬁc research department. 2012 is
the ﬁnal year of the program.

ICAM Kyoto Branch

ICAM Kyoto Branch
ICAM is a research center forcomplex systems founded in July
2002 by Professor David Pines of
the Santa Fe Institute as part of
the University of California. In July
2005, together with Division of
Physics I of the Graduate School of
Science, KIER established a Kyoto
branch of ICAM, and started toparticipate in its activities. Project
Professor Kazuo Nishimura of
KIER and Professor Makoto Yao of
the Graduate School of Science
serve as representatives of the
ICAM Kyoto Branch.

Tokyo Branch

The Tokyo Oﬃce at Mita
The Tokyo Oﬃce at Mita was established in Mita Minato-ku Tokyo in September 2008, as a base ofoperations in Tokyo for promoting the Global COE program which can be described as “Raising Market
Quality-Integrated Design of Market Infrastructure” jointly with the Graduate School of Economics, and
the Graduate School of Business and Commerce at Keio University. It has been active for the purposesof eﬀectively reﬂecting the results of education and research, and to further contribute to thedevelopment of education and research at Kyoto Institute of Economic Research (KIER). It further aims
to construct a more comprehensive education and research center.

10Social Contribution

Social Contribution●Symposiums and Seminars

Lectures and symposiums for adults and students are held periodically, and themes centering on
the introduction of economic frontiers and explanations of economic problems that are of greatsocial concern are raised. The economic research symposiums that are hosted every year haverecently raised such themes as the “Information Society and Economics”, “Management of theCreation of Evolving Values”, and “Simpliﬁed Advanced Policy Analysis”.
Further, economic education activities are also pursued via the economic teaching symposium“Specially-Founded Academy for Referencing Advanced Finance and Economics”, and invitations
to junior high and high school students to attend public lectures as the audience.

Number of Previous Workshops and Symposiums
Fiscal Year

2007

2008

2009

2010

2011

Total Number

（3）
7

12（4）

13（4）

22（12）

12（6）Note: Figures in parentheses show the number of international symposiums within the total number.

Number of Previous Workshops
FY

2007

2008

2009

2010

2011

Microeconomics and Game Theoty Workshop

30

41

37

32

31

Econometrics Workshop

14

19

15

9

13

KIER Workshop

6

5

3

5

5

COE Workshop

1

1

1

1

3

Contract Theory Workshop

0

0

2

2

3

Urban Economics Workshop

14

16

11

11

10

CAPS Workshop

0

11

6

6

2

Macroeconomics and Economic Systems Workshop

21

26

18

16

13

Joint Usage / Rsearch Center Workshop

−

−

−

4

4

Others

1

0

0

2

4

Total Number

87

119

93

88

88

Note: The COE Workshop was held as the “21st-century” COE in ﬁscal year 2007, as the “Global” COE since ﬁscal year 2008.

Main Symposiums Hosted or Jointly Hosted by KIER (15 January 2007 to 23 August 2012)
Date

Title

2007/1/15〜2007/1/16

International Symposium on Global Sustainability- Social Systems and Technological Strategies -2007/2/3〜2007/2/4

4th International Conference on Economic Theory

Guest Speakers
Takamitsu Sawa
(Kyoto University, Ritsumeikan University)
Akimasa Sumi (University of Tokyo)
M. Nadarajah (Asian Communication Network, Malaysia)
Niu Wen-Yuan (The State Council, China)
Satoshi Konishi (Kyoto University)
Mary Louise Giﬀord(Energy and Resources Institute, India/USA)
Takashi Watanabe (Kyoto University)
Robert Olshansky(University of Illinois at Urbana-Champaign, USA)
Indra Budiman Syamwil(Institut Teknologi Bandung, Indonesia)
Takeaki Kariya (Meiji University)
Hans-Martin Füssel
(Potsdam Institute for Climate Impact Research, Germany)
Rajendra K. Pachauri(Energy and Resources Institute, India)
Roger E. A. Farmer(UCLA / University of California, Los Angeles, USA)
Tapan Mitra (Cornell University, USA)
Stefano Bosi
(The University of Evry-Val d'Essonne, France)
John Stachurski (Kyoto University)

Venue

Kyoto University ClockTower Centenniale Holl

Miyako Hotel Tokyo

Overview of Institute of Economic Research, Kyoto University 11

TitleGuest Speakers

2007/3/11〜2007/3/13

International Workshop "Governance Problemson the Process of Economic Development"

Kimio Morimune (Kyoto University)
Masahiro Shimotani (KyotoUniversity)
Kazuhiro Ueta (Kyoto University)
Kiichiro Yagi (Kyoto University)
Ruilong Yang
(Economic Department of Renmin University, China)
Tongshen Yu(Economic Department of Renmin University, China)

Economic Departmentof Renmin University,
Beijing2007/6/16〜2007/6/17

Interdisciplinary Conference on the Sciences ofComplexity and Science Education

David Pines (Los Alamos National Laboratory, USA)James A. Yorke (University of Maryland, USA）
Saber Elaydi (Trinity University, USA)Ali Alpar (Sabanci University, Turkey)

Kyoto University ClockTower Centenniale Holl

2008/10/20〜2008/10/22

International Workshop on What is Creativity?
- Emergent Phenomena in Complex Adaptive
Systems

Mark S. Blumberg (University of Iowa, USA)
Ludwik Leibler(CNRS / Centre National de Recherche Scientiﬁque, France)
West Jevin (University of Washington, USA）

Co-op inn Kyoto

2008/11/8〜2012/11/9

1st Keio/Kyoto International Conference on
Market Quality Economics

Eric Bond (Vanderbilt University, USA)
Tsunao Okumura (Yokohoma National University)
Fumio Dei (Kobe University)

Center for Advanced
Economic Education andResearch- Mita Oﬃce, Institute of
Economic Research, Kyoto
University

2008/12/12〜2008/12/13

6th International Conference on Economic Theory"Market Quality Dynamics"

Leonard Mirman (University of Virginia, USA)
Alberto Bucci (Universita Degli studi di Milano, Itary)
Guido Cozzi (University of Glasgow, UK)

The Westin Miyako Kyoto

2008/12/13

2nd Japan-Taiwan Contract Theory Conference

Eric Chou (National Tsing-Hua University, Taiwan)
Makoto Hanazono (Nagoya University)
Meng-Yu Liang (Academia Sinica, Taiwan)
Rieko Ishi (Nihon University)
Wouter Dessein (Columbia University, USA)

Kyoto University ClockTower Centenniale Holl

2009/3/14〜2009/3/15

2nd Keio/Kyoto International Conference on
Market Quality Economics

Ronald W. Jones (University of Rochester, USA)
Wanida Ngienthi (Kobe University)

Sheraton Miyako HotelTokyo

2009/3/24〜2009/3/27

8th Biennial Paciﬁc Rim Conference, Western
Economic Association International

Nobuaki Hamaguchi (Kobe University)
Sachiko Kuroda (Hitotsubashi University)

Ryukoku University, Kyoto

2009/4/3〜2009/4/4

3rd Keio/Kyoto International Conference on
Market Quality Economics -International
Economic Issues-

Ronald W. Jones (University of Rochester, USA)
Makoto Tawada (Nagoya University)
Marcelo Fukushima (Nihon University)

Institute of Economic
Research, Kyoto University

2009/6/29〜2009/7/3

Western Economic Association International
84th Annual Conferences

Hiroshi Fujiu (Chiba Keizai University)
Yuichi Furukawa (Chukyo University)
M. Ali Khan (Johns Hopkins University, USA)
Harrison Cheng(University of Southern California, USA)
Eric W. Bond (Vanderbilt University, USA)
Fumio Dei (Kobe University)

The Sheraton Vancouver
Wall Centre, British
Columbia, Vancouver

2009/10/15〜2009/10/18

International Workshop on What is Evolution?
-Bicentennial of Charles Darwin's Birth

Jevin West (University of Washington, USA)Peter Davis (Telecognix Corporation, Kyoto)
Carl Bergstrom (University of Washington, USA)
Dirk DeRidder (Antwerp University Hospital, Belgium)

Co-op inn Kyoto

2009/10/17

Contract Theory Workshop

Mark Moller (University of Carlos Ⅲ of Madrid, Spain)
Ricardo Alonso (University of Southern California, USA)

Institute of Economic
Research, Kyoto University

2009/11/13

EUIJ-Kansai 8th International Symposium"The Euro 10th Anniversary, Present and Future"

Ansgar Belke (University of Duisburg-Essen, Germany)
Sandor Richter(The Vienna Institute for International Economic Studies (wiiw), Austria)
Eiji Ogawa (Hitotsubashi University)
Hiromasa Kubo (Kobe University)

Institute of Economic
Research, Kyoto University

2009/12/5〜2009/12/6

4ｔ
ｈ Keio/Kyoto International Conference on
Market Quality Economics

Sugata Marjit (Centre for Studies in Social Sciences, India)
Raymond G. Riezman (University of Iowa, USA)
E. Kwan Choi (Iowa State University, USA)

The Westin Miyako Kyoto

2010/2/4〜2010/2/5

AEI-Four Joint Workshop on Current Issues
in Economic Theory

Youngsub Chun (Seoul National University, Korea)
Angus Chu (Academia Sinica, Taiwan)
Xiao Luo (National University of Singapore, Singapore)

The Westin Miyako Kyoto

Date

12

Venue

Date

Title

Guest Speakers

Venue

Institute of Economic
Research, Kyoto University

2010/2/24〜2010/2/25

Workshop on Economic Growth andRegional Dynamics

Yasusada Murata (Nihon University)
Ping Wang (Washington University in St. Louis, USA)
Tomoo Kikuchi (National University of Singapore, Singapore)
Masahisa Fujita (Konan University and Kyoto University)
Masaya Sakuragawa (Keio University)
Kiminori Matsuyama (Northwestern University, USA)
Zheng Michael Song
(Fudan University and Chinese University of Hong Kong, China)
Ken Ariga (Kyoto University)
Shin-Kun Peng (Academia Sinica, Taiwan)

2010/4/7

Workshop on Trade, Dynamics and Complexity

Gaetano Bloise (University of Rome Ⅲ, Italy)
Alain Venditti (GREQAM, France)
Eden S.H. Yu (City University of Hong Kong, China)

Institute of Economic
Research, Kyoto University

2010/5/20

Workshop on Microeconomics/Game Theory

Andrew McLennan (University of Queensland, Australia)
Tomoki Inoue (Bielefeld University, Germany)
Shino Takayama (University of Queensland, Australia)

Institute of Economic
Research, Kyoto University

2010/6/29〜2010/7/3

Western Economic Association International
85th Annual Conferences

Fumio Dei (Kobe University)
Shuichiro Nishioka (West Virginia University, USA)
Eric W. Bond (Vanderbilt University, USA)
Yuichi Furukawa (Chukyo University)
Rui Ota (Chiba Keizai University)

Hilton Portland &Executive Tower, Oregon

2010/8/5

Symposium on "Invitation to Integrated Complex
System Sciences"Kazuyoshi Yoshimura (Kyoto University)
Hiroshi Kokubu (Kyoto University)
Kazuo Nishimura (Kyoto University)

Science Seminar House,
Kyoto University

International Symposium on Global Shock Wave
"Global Shock Wave: Rethinking Asia's Future
in Light of the Worldwide Financial Crisis andDepression 2008-2010"

Evgeny Gavrilenkov (Troika Dialogue)
Ryuhei Wakasugi (Kyoto University)
Eric Fisher(California Polytechnic State University, USA)
Kazumi Asako (Hitotsubashi University)
Masumi Hakogi (Hiroshima University)
Yoji Koyama (Niigata University)
Takuji Kinkyo (Kobe university)
Yun Chen (Fudan University, China)
Ken Morita (Hiroshima Shudo University)
Anna Lukyanova(Health and Safety Executive, UK and Kyoto University)
Kai Kajitani (Kobe University)
Jonathan Leightner (Augusta State University, USA)
Torbjorn Becker(SITE / Stockholm Institute of Transition Economics, Sweden)
Takumi Horibayashi (Kanazawa University)

Institute of Economic
Research, Kyoto University

International and Interdisciplinary Workshop
on Novel Phenomena in Integrated Complex
Sciences: from Non-living to Living Systems

Herwig Michior(Vienna University of Technology, Austria)
Nicholas Curro (University of California, Davis, USA)
Takamasa Momose(The University of British Columbia, Canada)
Minghu Fang (Zhejiang University, China)
Raivo Stern(NICPB / National Institute of Chemical Physics and Biophysics, Estonia)
Takashi Imai (McMaster Uviversity, Canada)
Masashi Takigawa (The University of Tokyo)
Peter Lemmens(Institute for condensed Matter Physics, Germany)

Co-op inn Kyoto

General Equilibrium, Trade andComplex Dynamics in Memory of Professor
Lionel McKenzie

Robert A. Becker (Indiana University, USA)
Youngsub Chun (Seoul National University, Korea)
Sugata Marjit(Centre for Studies in Social Sciences, India)
Makoto Yano (Kyoto University)
Jean-Jacques Herings(Universiteit Maastricht, Netherlands)
John Stachurski(Australian National University, Australia)
Ronald Jones (University of Rochester, USA)
Ping Wang (Washington University, USA)
Kazuo Nishimura (Kyoto University)

The Westin Miyako Kyoto

International Conference "Kyoto Conference on
International Trade and Innovation"

Shuichiro Nishioka (West Virginia University, USA)
Hong Ma (Tsinghua University, China)
Byron Gangnes(University of Hawaii, USA and Yokohama National University)
TaoTao Chen (Tsinghua University, China)
Ryo Nakajima (Yokohama National University)
Hongbin Li (Tsinghua University, China)
Xielin Liu (Chinese Academy of Sciences)
Angus C. Chu(Shanghai University of Finance and Economics, China)
Yuichi Furukawa (Chukyo University)

Hotel Keihan Kyoto

2010/9/25〜2010/9/26

2010/10/11〜2010/10/14

2011/2/4〜2011/2/5

2011/2/11

Overview of Institute of Economic Research, Kyoto University 13

Date

2011/2/11〜2011/2/12

2011/2/28〜2011/3/1

2011/3/11

2011/3/19〜2011/3/20

2011/11/18〜2011/11/20

2011/11/29〜2011/12/1

14

Title

Guest Speakers

VenueInternational Conference "The Frontier in
Russian Business Economics"

Süleyman Korhonen(Erasmus University Rotterdam, Neterlands)
Nobuyuki Kadowaki (Shiga University)
Ichiro Iwasaki (Hitotsubashi University)
Humikazu Sugiura (Teikyo University)
Takashi Hosokawa (Ryukoku University)
Norio Horie (University of Toyama)
Mayu Michigami (Nigata University)
Hiroaki Hayashi (The University of Shimane)
Satoshi Mizobata (Kyoto University)
Masahiro Tokunaga (Kansai University)
Kazuho Yokogawa(The Japan Institute of International Aﬀairs)

Kyoto University ClockTower Centenniale Holl

KIER-Paciﬁc Economic Review Workshop on
Economics and Economic Policies

Fumio Dei (Kobe University)
Yunfang Hu (Tohoku University)
Yuichi Furukawa (Chukyo University)
Tetsuya Hoshino (Kyoto University)
Takashi Komatsubara (Kyoto University)
Youichiro Higashi (Okayama University)
Misuzu Azuma (Chiba Keizai University)
Rui Ota (Chiba Keizai University)
Colin Davis (Kobe University)
Fwu-Ranq Chang (Indiana University, USA)

The Westin Miyako Kyoto

International Conference "Topics in Labor
Economics"

Kazunari Sugiyama (Tokyo Institute of Technology)
Amy Hsin(CUNY / City University of New York, USA)
Hisashi Okamoto (Konan University)
Julen Esteban-Pretel(GRIPS / National Graduate Institute for Policy Studies)
Francesc Ortega(UPF / Universitat Pompeu Fabra, Spain and CUNY)

Institute of Economic
Research, Kyoto University

Trans-Paciﬁc Labor Seminar 2011

Richard Freeman (Harvard University, USA)
Takao Kato (Colgate University, USA)
Hiroko Okudaira (Okayama University)
Katsuya Takii (Osaka University)
Hodaka Morita(UNSW / The University of New South Wales, Australia)
Shoko Yamane (Osaka University)
Ken Ariga (Kyoto University)
Akira Kawaguchi (Doshisha University)
Daiji Kawaguchi (Hitotsubashi University)

Shiran Kaikan Annex,
Kyoto University

The Chukyo-Kyoto International Conferenceon International Trade and Macroeconomic
Dynamics

Margit Sugata(Centre for Studies in Social Sciences, India)
Kenji Fujiwara (Kwansei Gakuin University)
Zhang Yang (Macau University, China)
Yuichi Fukuhara (Chukyo University)
Fumio Dei (Kobe University)
Eric W. Bond (Vanderbilt University, USA)
Morihiro Yomogida (Sophia University)
Kenji Kondoh (Chukyo University)
Kenneth S. Chan (City University of Hong Kong, USA)
Hung-Jen Wang (National Taiwan University, Taiwan)
Eden S. H. Yu (City University of Hong Kong, USA)
Wilfred J. Ethier (University of Pennsylvania, USA)
Junji Ueda (Ministry of Finance, Policy Research Institute)
Makoto Yano (Kyoto University)
Ronald W. Jones (The University of Rochester, USA)
Tetsugen Haruyama (Kobe University)
Yoshinori Kurokawa (University of Tsukuba)
Takashi Komatsubara (Kyoto University)

Nagoya Urban Institutein Nagoya, Japan

International Symposium "Recent Development in
Statistics, Empirical Finance and Economietrics"

Cathy W.S. Chen (Feng Chia University, Taiwan)
Kenta Hamada (Waseda University)
Youko Konishi(RIETI / Research Institute of Economy, Trade & Industry, IAA)
Marc Henry (University of Montreal, Canada)
Ming-Yen Cheng (National Taiwan University, Taiwan)
Toshio Honda (Hitotsubashi University)
Alex Petkovic (Waseda University)
Yoshihide Kakizawa (Hokkaido University)
Ryo Okui (Kyoto Univeristy)
Ryozo Miura (Hitotsubashi University)
Tomohiro Ando (Keio University)
Naoya Sueishi (Kyoto University)
Marc Hallin (Free University of Brussels, Belgium)Hormann Siegfried (Free University of Brussels, Belgium)
Katsuto Tanaka (Hitotsubashi University)
Ngai-Hang Chan
(The Chinese University of Hong Kong, China)
Masayuki Hirukawa (Setsunan University)
Keiji Nagai (Yokohama National University)
Kohtaro Hitomi (Kyoto Institute of Technology)
Yoshihiko Nishiyama (Kyoto University)
Takeaki Kariya (Meiji University)
Didit B. Nugroho (Kwansei Gakuin University)
Shuichi Nagata (Kwansei Gakuin University)

Rakuyu-kaikan,
Kyoto University

TitleGuest Speakers

International Conference "Recent Developmentin the Russian Business Economics"

Rustem Nureev(States University - Higher School of Economics, Russia)
Boris Kheyfets(Institute of Economics, the Russian Academy of Sciences, Russia)
Alexander Karlik(St. Petersburg State University of Economics and Finance, Russia)
Byung-Yeon Kim (Seoul National University, Korea)
Ichiro Iwasaki (Hitotsubashi University)
Fumikazu Sugiura (Teikyo University)
Yuko Adachi (Sophia University)
Norio Horie (University of Toyama)
Mayu Michigami (Niigata University)
Olga Bobrova(St. Petersburg State University of Economics and Finance, Russia)
Satoshi Mizobata (Kyoto University)
Masakazu Imai (Senshu University)
Katsumi Fujiwara (Osaka Universty)

Shiran Kaikan,
Kyoto University (9th)Instituet of Economic
Research,
Kyoto University (10th)

CAPS Inetrnational Symposium"The International Trend of Tax System"

Masahiko Nakazawa (Kyoto University)
Masaaki Suzuki (Kyoto University)
Michael Keen (Fiscal Aﬀairs Department, IMF)
Thor O. Thoresen ( About Statistics Norway)
Motohiro Sato (Hitotsubashi University)
Hiroaki Hayashi (Kansai University)
Kazuhiro Ueta (Kyoto University)

Kyoto University ClockTower Centenniale HollWorkshop on Globalization, Innovation and Firm
Productivity in Japan, Korea and the Beyond

Jungsoo Park (Sogang University, Korea)
Sanghoon Ahn(KDI / Korea Development Institute, Korea)
Jung Hur (Sogang University, Korea)
Yasuyuki Todo (the University of Tokyo)
Daisuke Miyazawa (Development Bank of Japan)
Toshiyuki Matsuura (Keio University)
Keun Lee (Seoul National University, Korea)
Byung-Yeon Kim (Seoul National University, Korea)

Kyoto University ClockTower Centenniale Holl

International Conference on Applied
Microeconomics and Development Economics

Rajshri Jayaraman(European School of Management and Technology, Germany)
Hitoshi Matsushima (the University of Tokyo)
Dilip Mookherjee (Boston University, USA)
Debraj Ray (New York University, USA)
Koichi Takase (Waseda University)
Ryuichi Tanaka(National Graduate Institute for Policy Studies)
Masatoshi Tsumagami (Keio Univesity)
Kaoru Ueda (Nanzan University)

Research Building #2,
Kyoto University

2012/3/17〜2012/3/18

Trans-Paciﬁc Labor Seminar 2012

Hank Farber (Princeton University, USA)
Takao Kato (Colgate University, USA)
Richard Freeman (Harvard University, USA)
Daiji Kawaguchi (Hitotsubashi University)
Lisa Kahn (Yale University, USA)
Hiroshi Ono (Texas A&M University, USA)
Kenta Hayashi (Kyoto University)
Isamu Yamamoto (Keio University)
Peter Kuhn (University of California, Santa Barbara, USA)
Masaru Sasaki (Osaka University)
Giorgio Brunello (University of Padua, Italy)
Lindsay Oldenski (Georgetown University, USA)
Hodaka Morita(University of New South Wales, Australia)

Doshisha University, Kyoto

2012/4/5

Workshop on Microeconomics/Game Theory

Julio Davila(CORE-UcLouvain, Belgium, Paris School of Economics, France)

Institute of Economic
Research, Kyoto University

2012/5/11

Workshop on Macroeconomics andEconomic Systems

Enrico D'Ambrogio (The European Parliament)

Institute of Economic
Research, Kyoto University

2012/7/31〜2012/8/1

GCOE Program Seminar"Trade and Development"

Kensuke Teshima(Instituto Tecnológico Autónomo de M?xico (ITAM), Mexico)

Institute of Economic
Research, Kyoto University

2012/8/23

KIER Workshop

Johannes Horner (Yale University, USA)

Research Building #2,
Kyoto University

Date

2011/12/9〜2011/12/10

2012/1/28

2012/1/28〜2012/1/29

2012/3/16〜2012/3/17

Venue

Overview of Institute of Economic Research, Kyoto University 15

KIER Track Record

KIER Track Records●KIER Track Records

The Kyoto Institute of Economic Research consistently comes ﬁrst or second as an economic research
institute in Japan. In particular, KIER can cite top-class research results in Japan using both the Social
Science Citation Index, which is the most widely used index for evaluating research results, and thenumber of articles published in international scholastic journals (according to the track record of
publishing in the top-ten ranked economic academic journals created by the European Economic
Association).
Of all the research conducted at the Institute, “The Spatial Economy” (MIT Press) by
specially-appointed professor Masahisa Fujitaʼs, and co-authored with P. Krugman (Princeton
University) and A. J. Venables (London School of Economics), can be cited as representative of making a
global impact. This book is a must-read for this ﬁeld, and the number of times it has been cited as of2010 has reached 1,000.

Honors / Awards

16

Telecom Social Science Award
Nikkei Prize for Economics Books
Nikkei Prize for Economics Books
Medal with Purple Ribbon
Medal with Purple Ribbon
The Japan Academy Award
Hiromi Arisawa Prize for the Association of American University Presses
1st Prize, European Meeting on Cybernetics and Systems Research
Medal with Purple Ribbon
The Energy Forum Award ; Award for Spread enlightenment
Wakayama Prefecture Culture Prize
The Energy Forum Award
The Nakahara Prize, Japanese Economic Association
Nikkei Prize for Economics Books
The Annual Award for Research Monographs on Labor
Nikkei Prize for Economics Books
The William Alonso Memorial Prize for Innovative Work in Regional Science
The Japan Institute of energy :The award for Distinguished paper
The Sakashita Prize, Applied Regional Science Conference
Paper Award of Japan Society for Fuzzy Theory andIntelligent Informatics
Prize for Publication, Mathematical Society of JapanIJET LionelW. McKenzie Prize for contributions to economic theory
Excellent presentation award in 6th Annual Meeting (2007) for
The Japan Association for Research on Testing
Third Japan Society for the Promotion of Science (JSPS) Prize
Medal with Purple Ribbon
JSIE Kojima Kiysohi Prize, The Japan Society of International Economics
Honorary Degree of Doctor, University of Aix- MarseillesⅡ
The Nakahara Prize, Japanese Economic Association
2008 JAIBS Award, Japan Academy of International Business Studies

1970
1970
1971
1985
1987
1990
1991
1992
1996
1996
1998
1998
1999
2000
2001
2002
2002
2004
2004

Nikkei Prize for Economics Books

2008

Japan Stastistical Society Research Award 2009
JSIE-Kojima Kiysohi Prize, The Japan Society of International
Japan Statistical Society Ogawa Research Prize
Kyoto Shimbun Grand Award in Culture/Academy
Member of the Japan Academy

2009
2009
2010
2010
2010

2004
2005
2007
2007
2007
2007
2007
2007
2008
2008

Takamitsu Sawa
Takamitsu Sawa
Masahiko Aoki
Masao Baba
Hisao Onoe
Masahiko Aoki
Masahiko Aoki
Fumiko Seo
Kazuo Koike
Takamitsu Sawa
Takamitsu Sawa
Takamitsu Sawa
Akira Okada
Masahisa Fujita
Kenn Ariga
Hiroshi Osano
Masahisa Fujita
Takamitsu Sawa
Tomoya Mori
Fumiko Seo,
Takao Fukuchi
Kazuo Nishimura
John Stachurski
Takuya Kimura
Atsushi Kajii
Takamitsu Sawa
Ryuhei Wakasugi
Kazuo Nishimura
Atsushi Kajii
Ryuhei Wakasugi
Kazuo Nishimura,
Makoto Yano
Yoshihiko Nishiyama
Kazumichi Iwasa
Ryo OkuiKazuo Nishimura
Masahisa Fujita

●Personnel Training

KIER uses young researchers with degrees from graduate schools both from Japan and abroad as
term-limited instructors to supply opportunities to experience research and teaching. From 1991 until
now, ten young researchers have been appointed, and are active as researchers working in educationaland research bodies such as universities since the end of their appointment period. Further, young
researchers are also used as ﬁxed-term assistant teachers who perform joint research activities with
employees.
In addition, various part-time researcher systems are used to accept Kyoto University part-time
researchers (research organization researchers), GCOE researchers, and Japan Society for the
Promotion of Science (JSPS) special researchers for personnel training.
Moreover, young researchers are actively supported and trained through teaching research to PhD
candidates in lectures held with the cooperation of the Graduate School of Economics and Faculty of
Economics, Kyoto University.

Number of Young Researchers (PD) Accepted
FY 200720

FY 200825

FY 200922

FY 201016

FY 2011
12

Latest Main Appointments among PD and Student Teachers (FY2003 〜 ）■ Universities：Otaru University of Commerce, University of Tsukuba, Hitotsubashi University, Shiga

University, Kyoto University, Osaka University, Kobe University, Wakayama University, Hiroshima University, Aomori
Public College, Nagoya City University, Kobe City University of Foreign Studies, Shimonoseki City University,
Sapporo Gakuin University, Chiba University of Commerce, Keio University, Chuo University, Tokyo Keizai University,
Hosei University, Waseda University, Nagoya Gakuin University, Gifu Shotoku Gakuen University, Ryukoku University,
Osaka Gakuin University, Osaka University of Economics, Kansai University, Kinki University, Tezukayama University,
Kyoto Seika University, Hiroshima University of Economics, Fukuoka University, Kyushu International University,
Ritsumeikan Asia Paciﬁc University, University of Melbourne, Universidad Nacional Autonoma de Mexico■ Governmental Organizations：Technology Research Institute of Osaka Prefecture, RIKEN,
Institute of Developing Economies, Policy Research Institute (Ministry of Finance)■ Private Firms：Institute of Intellectual Property, NTT, MRI Research Associates, Inc., AXA Life Insurance,

Institute for Areal Studies●International Exchange

KIER is widely known as an international research center for economic theory. The International
Journal of Economic Theory, which is published jointly with Keio University, is highly regarded as a
global specialist journal, and is the ﬁrst international journal of economic theory edited primarily by
Japanese researchers. Further, in addition to establishing posts for non-Japanese visiting teachers andinviting world-leading researchers, KIER is also engaged in various joint international research, and isceaselessly visited by non-Japanese researchers. In light of this track record, KIER has signed
agreements with overseas universities in America, France, and elsewhere, and is actively engaging inresearch exchange.

Academic Exchange Agreements with Foreign Research Institutions
CountyRussian Federation

Institution

PeriodHigher School of Economics

2007/4/2〜2017/4/1

French Republic

Centre d'Economie de la Sorbonne

2007/7/26〜2017/6/30

French RepublicGroupement de Recherche en Economie
Quantitative dʼAix Marseille (GREQAM)

2007/11/28〜2012/11/27

Republic of Korea

The Institute of Economic Research,
Seoul National University

2008/2/22〜2013/2/21

United States of America

Department of Economics, University ofNorth Carolina at Chapel Hill

2009/4/22〜2014/4/21

Republic of Finland

Helsinki Center of Economic Research

2009/9/8〜2014/9/7

Hungary

The Institute of Economics, Hungarian
Academy of Sciences

2010/3/23〜2015/3/22

Researchers from Abroad
Fiscal YearArea

FY 2007

FY 2008

FY 2009

FY 2010

FY 2011

Asia

9（1）

15（3）

29（2）

12（1）

13（1）

North America

22

18（3）

28（1）

14（3）

15

South & Central America

1

0

0

0

0

Europe

19

25（2）

21（3）

19（4）

18（3）

Oceania

6

4（1）

5（1）

4

1

Middle East

1

2（2）

2

2

3

Africa

0

0

1

0

0

Total

58（1）

64（11）

86（7）

51（8）

50（4）

Note: Figures in parentheses describe long-term appointments within the total number.
Overview of Institute of Economic Research, Kyoto University 17

Library

LibraryEver since its opening in 1965, the Library of the Institute of Economic Research has been actively
gathering various data, centering on specialist publications and statistical data relating to economic
studies. As of March 2012, the library houses in excess of 80 thousand specialist publications and data
in total to support the activities of researchers both from Japan and abroad.
Library Hours●Mon to Fri 9:00 to 17:00●Closed on Sat, Sun, holidays, founder's day (18 June), 1 to 5 April, thewinter holiday period, and the ﬁrst day of every month●Use of the Library by Non-Students
When using, please present some form of identiﬁcation.
Browsing and temporary removal for copying only are permitted.

McKenzie Library (Total collection 1,492 publications)

These publications were donated to the Kyoto Institute of Economic Research by Rochester University
professor emeritus Lionel McKenzie (1919.1.26-2010.10.12). After graduating from Duke University in the
United States, Professor McKenzie studied at Princeton University graduate school, where he obtained
both his masters and PhD in economics, and went on to teach at both MIT and Duke University.
Following his appointment as professor to Rochester University in 1957 until his retirement, Professor
McKenzie actually strove to train researchers over the course of 32 years. Every time he visited Japan,
Professor McKenzie held lectures and talks at KIER seminars, as well as visiting and attending
international symposiums sponsored by KIER. Consequently, he had close ties to Kyoto University andso he donated his massive library to KIER in October 2003. Professor McKenzieʼs students are active
around the world, and there are many of his students who are teaching at other universities in Japan
as well. Still he donated his books to the Kyoto Institute of Economic Research, which is an unparalleledhonor for the institute. Making the most of this opportunity, KIER established the McKenzie Library
within the institute itself, which continues to be of use in improving the research standards of bothfaculty and students at Kyoto University.

McKenzie Library

Library

Library

Library

Total number of publications
books
Classiﬁcation Japanese(volumes)
Total No.
of Publications

41,151

No.
Western books Total collection Japanese periodicals Western periodicals ofTotal
periodicals(volumes)(volumes)(types)(types)(types)39,36180,512

2,678

1,213

3,891

（as of March 2012）18

Finances

Finances
Total Budget (National School Special Accounts and University Grants)
Fiscal Year

FY 2007

FY 2008

FY 2009

FY 2010

FY 2011546,832

506,065

570,314471,094

514,389

Personnel
Expenses

486,647

408,602432,230

356,796

396,450

Cost of Supplies

60,18597,463138,084

114,298

117,939

Item
University Grants

Breakdown(Unit / 1,000 Yen)

Grants-in-Aid for Scientiﬁc Research Expenses (KAKENHI)
Fiscal Year

(Unit / 1,000 Yen)

FY 2007

FY 2008

FY 2009

FY 2010

FY 2011

Number of Grants

16

15

14

14

14

Amount of Grants

36,39036,60033,50035,15079,900Item

Does not include share of expenses or Grant-in-Aid for JSPS Fellows. Direct accounting only.

Targeted Support for Creating World-standard Research and Education Bases (21st-Century COE) (Unit / 1,000 Yen)
Fiscal Year
Item
Formation of Center of Excellence for Interfaces for
Advanced Economic Analysis

FY 2005

FY 2006

FY 2007100,200

100,320

101,200

Targeted Support for Creating World-standard Research and Education Bases (Global COE) (Unit / 1,000 Yen)
Fiscal Year

FY 2008

FY 2009

FY 2010

FY 2011Comprehensive Design for Market Infrastructure andIncreasing Market Quality (with Keio University)

110,760

103,038

79,26064,303

Human Activities and Society
Economic Dynamics (with Osaka University)

23,14019,097

14,69014,400Total

133,900

122,135

93,95078,703

Item

Only direct costs since ﬁscal year 2010.

External Funds(Unit / 1,000 Yen)
Fiscal Year

FY 2007

FY 2008

FY 2009

FY 2010

FY 2011

Number

5

5

2

1

7

Amount

51,80054,90020,800300

8,600

Number

6

6

6

6

6

Amount87,52088,922

76,102

54,14639,186

Number

11

11

8

7

13

Amount139,320

143,822

96,90254,44647,786

Item

DonationsEntrusted
Research
Funds

Total

Funds for the Development of Human Resources in Science and Technology (Unit / 1,000 Yen)
Fiscal Year
Item
Improvement of Research Environement for Young Researchers (Tenure Track System)

FY 2011

5,860

Overview of Institute of Economic Research, Kyoto University 19

Chronological Table

Chronological Table
March 1962▶

April 1962
May 1962
December 1962
August 1963

▶
▶
▶
▶

April 1964▶

July 1964
May 1965▶
▶

April 1966▶

April 1968
October 1972▶
▶

April 1976
April 1977
April 1978
April 1979
April 1981

▶
▶
▶
▶
▶

November 1982 ▶
December 1982 ▶
April 1983▶
April 1986▶

April 1991
October 1992▶
▶

March 1993
April 1993▶
▶

June 1994▶

April 2000
October 2001▶
▶

April 2002▶

October 2002▶

November 2002 ▶
February 2004 ▶
April 2004▶

October 2004▶

July 2005
August 2006▶
▶

April 2007
October 2007▶
▶

March 2008▶

August 2008▶

September 2008 ▶
December 2008 ▶

20

April 2009
April 2010▶
▶

April 2011▶

The establishment of the Institute of Economic Research in Kyoto University was determined, following the partial revision of
The National School Establishment Law in Law No. 36 published in 1962.
The Institute of Economic Research was established with two research divisions, Industrial Structure and Comparative Industry.
The administrative office was established in the main campus, Kyoto University.
A support group for constructing the institute was organized.
The institute was moved to a temporary building in Yoshida-Shimo Adachi-cho, Sakyo-ku. (Part of the research rooms remainedin the west area of the campus.)
Two new research divisions, Local Economy and Resource Economy, were established according to ordinance No. 10 of the
Ministry of Education.
The construction of a new building was begun by the above-mentioned support group.
The construction of the new building was completed and the building was given to the institution by the support group.
The institute was moved to the new building.
Two new research divisions, Planned Economy and Industrial Statistics, were established according to ordinance No. 24 of the
Ministry of Education.
The three divisions, Industrial Structure, Resource Economy and Industrial Statistics, were transferred to experimental divisions.
A celebration party and memorial lecture meeting were held in the institute on the occasion of the 10th anniversary.
A celebration party and memorial lecture meeting were held at Asahi-Shinbun hall in Osaka on the occasion of the 10th
anniversary.
The Local Economy Division was transferred to an experimental division.
The Environmental Economy Division was established according to ordinance No. 15 of the Ministry of Education.
The Planned Economy Division was transferred to an experimental division.
The Comparative Economy System Division was established according to ordinance No. 12 of the Ministry of Education.
The Contemporary Economic Analysis Division (Visiting research division) was established according to ordinance No. 12 of the
Ministry of Education.
The main research building was extended to a four story building.
A memorial lecture meeting was held at the Culture Information Center of Osaka Prefecture on the occasion of the 20th
anniversary.
A memorial lecture meeting was held in the institute on the occasion of the 20th anniversary.
The Comparative Economic Analysis Division (Foreign visiting research division) was established according to ordinance No. 11of the Ministry of Education.
Ordinance No. 19 of the Ministry of Education reorganized the institute into four major research divisions of Quantitative
Industrial Analysis, Economic Planning, Resource Environment, and Comparison of Economies, and 12 research areas.
A research area was added, amounting to 13 research areas.
A memorial lecture meeting was held at the Faculty of Economics on the occasion of the 30th anniversary.
A memorial symposium was held at Senri Life Science Center in Toyonaka on the occasion of the 30th anniversary.
The Comparative Economic Analysis Division (Foreign visiting research division) was closed.
The International Political Economy Division (Foreign visiting research division) was established according to ordinance No. 19of the Ministry of Education.
The National Wealth Division was established according to ordinance No. 24 of the Ministry of Education, amounting to 5 major
research divisions and 15 research areas.
The Research Center for Financial Engineering was established.
Endowed research division Applied Financial Engineering Division (Sponsored by Nomura Securities Group) was established
for a time period of until September 30, 2004
The Economic Planning Division was renamed as the Economics of Complex Systems Division according to the law amending
The National School Establishment Law.
A memorial symposium and celebration party were held at Kyoto International Community House on the occasion of the 40th
anniversary.
A memorial symposium and celebration party were held at Gakujutu-Sogo Center (Hitotsubashi Memorial Hall) in Tokyo on theoccasion of the 40th anniversary.
Professor McKenzie, Professor emeritus of University of Rochester, received the title of Honorary Doctor of Kyoto University.
The McKenzie Library was opened with books donated by Professor McKenzie, Professor emeritus of University of Rochester.
The institute was reorganized into three major research divisions of the Economic Information Analysis, Economic Institution,
Public Policy, and two research centers of Financial Engineering and Economics of Complex Systems.
The Tokyo branch of the Institute of Economic Research was opened in Marunouchi, Tokyo. (for a time period of until January
31, 2012.)
The time period for the endowed research division Applied Financial Engineering Division (Sponsored by Nomura Securities
Group) was renewed until September 30, 2007.
The Research Center for Advanced Policy Studies was established.
Applied Financial Engineering Division (Sponsored by Nomura Securities Group) was renamed as Applied Financial Engineering
Division (Sponsored by Nomura Group) .
Endowed research division Educational Economics Division was established for a time period of until March 31, 2010
Endowed research division Mathematical Finance Division (Nomura Group) was established for a time period of until
September 30, 2010
The earthquake reinforcement of the library annex was completed. This became the new north wing of KIER and was handed
over.
The Tokyo office (at Marunouchi) was opened in the Tokyo branch as a partnership and communications base concomitant with
the implementation of the GCOE (Keio University) program. (for a time period of until January 31, 2012.)
The Tokyo office (at Mita) was opened in the Tokyo branch as a teaching and research base concomitant with theimplementation of the GCOE (Keio University) program.
816m2 of the south wing of the 4th floor of the Graduate School of Engineering building No. 2 was received by the Institute of
Economic Research as a space for research and lectures.
The Public Policy Research Division changed its name to the Strategic Economic Studies Division.
The Research Center for Financial Engineering was reorganized as the Financial Research Division.
The Joint Usage/Research Center was certified as an International Joint Research Center of Advanced Economic Theory .
The new International Research Unit of Integrated Complex System Science (IRU-ICSS) is being established as a companion
unit. (Scheduled for completion on 31 March 2015.) Further, the Institute of Sustainability Science is also participating.
The Research Center for Advanced Policy Studies was established in Research Divisions.

Map & AccessMap & Access
Ｎ
nben

Imade

St.

Hya

kum
a

gawa

Hyak
uman

The Kyoto University
Museum

KIER

n

Li

ne

Kitaoji St.

ben

Kyoto City Map

Facultyof Letters

Eiza

Hyakumanben

Demachiyanagi

St.
shio
ji

Facultyof Economics

Higa

Konoe St.

Shirakawa St.

Kyodai
Seimon-mae

Yoshidayama
hill

Keihan Oto Line

Kamo River

Horikawa St.

Karasuma St.

Kyoto
gyoen

Kawaramachi St.

Imadegawa St.

Marutamachi St.

KIER

Higashiyama

FacultyofEngineering

Shijo St.

Clock Tower
Higashioji St.

Shichijo St.

Subway Karasuma Line

Gojo St.

Hankyu Kawaramachi

Hankyu Kyoto Line

Sanjo
KeihanＮ

Kyoto Sta.

■ Yoshida Campus,

Kintetsu Line

Kyoto University

Kyodai Seimon-mae

Subway Tozai Line

Oike St.

Faculty of Law

University
Library

University
Head Oﬃce

Higashi-Ichijyo St.

Main Gate

Access to Kyoto Station from Kansai International Airport1）Train● Airport Limited Express Train “Haruka”
Kansai International
Airport● JR Train
Kansai International
AirportAbout 75 min.

JR Airport Limited Express “Haruka”
About 70 min.
JR Express Train“Kankukaisoku”

JR Osaka Station

About 30 min.
JR Express Train“Shinkaisoku”

JR Kyoto Station

JR Kyoto Station

2）Airport Limousine Bus
Kansai International
AirportAbout 105 min.
Kansai Airport Limousine Bus

JR Kyoto Station

Transportation to Kyoto University from JR Kyoto Station● To take a taxi

The journey will take about 20 minutes
and cost approx. 2,000 yen.

● To take the bus: Kyoto City Bus

The bus ride will take approx. 30-35 minutes and cost 220 yen.
# 206: bound for Kitaoji Bus Terminal via Higashiyama St.
Get off at "Kyodai Seimon-mae".
# 17: bound for Ginkaku-ji via Kawaramachi St.
Get off at "Hyakumanben".

■ Contact information of Kyoto University, Institute of Economic Research〈URL〉http：//www.kier.kyoto-u.ac.jp

Yoshida-Honmachi, Sakyo-ku,
Kyoto 606-8501
TEL.075-753-7102
Overview of Institute of Economic Research, Kyoto University21

2012-2013 Overview of Institute of Economic Research Kyoto University