KIER

2016-2017 Overview of Institute of Economic Research Kyoto University

Kyoto University

CONTENTS◆2016-2017 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
Research Center for Economics of Complex Systems…………………………………06
Research Center for Advanced Policy Studies …………………………………………06
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) …07
Social Science Unit for Research and Education …………………………………………08
International Research Unit of Advanced Future Studies (IRU-AFS)…………………08
Research Unit for Development of Global Sustainability…………………………………08
ICAM Kyoto Branch………………………………………………………………………………08
Social Contribution ………………………………………………………………………………09
Track Record ………………………………………………………………………………………16
Library ………………………………………………………………………………………………18
Finances ……………………………………………………………………………………………19
Chronological Table………………………………………………………………………………20
Map & Access………………………………………………………………………………………21

Foreword

Foreword

Satoshi Mizobata, Director
Kyoto Institute of Economic Research

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, with a focus on theoretical economics and econometrics.
Moreover, the Institute has recently increased its emphasis on research in the sphere of applied scientiﬁc
aspects of economics, and has gained a strong reputation for its positive progress in policy assessment andpolicy recommendations.
KIER conducts prominent research in the ﬁeld of economics at the international level, and our mission is tocontribute to the further development of the ﬁeld. Each member of the Institute aims to be a pioneer at thefront lines of international research, and our research team works with the primary goal of leading the ﬁeld.
For instance, in terms of number of research papers published in international journals per researcher andthe frequency of their citations in various scholarly publications, KIER, when ranked together with the
Graduate School of Economics (Faculty of Economics), maintains one of the top positions among domestic
academic institutions specializing in economics. The Institute has signiﬁcantly contributed to the developmentof economic sciences at the international level.
KIER has managed to keep its position as the most prominent center for economic research in Japan fromits creation up until today thanks to its pursuit of the so-called American research institution model and its
recognition of the necessity of competition that comes with it. KIER was the ﬁrst institution in Japan toimplement reforms under this model. Based on these, Institute researchers began sending their papers toresearchers abroad in the form of technical reports, attempting to have them published in international,
peer-reviewed scientiﬁc journals. Researchersʼ academic and research achievements would be evaluated by
the number of papers published in specialized, peer-reviewed journals and the quality of those papers. KIER
would not issue its own academic journal, in order to stimulate publication in peer-review journals. InstituteResearchers would not be discouraged from taking long-term research trips overseas. One secretary would
be appointed for every two professors. KIER would also actively invite foreign researchers. The basic criteria
for employment and promotion policies would be academic and scientiﬁc results; the prestige of applicantsʼ
previous educational institutions would not matter. This system̶oriented on scientiﬁc and academic
results̶was quite a unique one in Japanʼs economic sciences community of the late 1960s. Thanks to its
maintenance and further development of this system, KIER has become a highly honored Mecca of economic
theory and econometrics.
Socioeconomic, research, and educational environments are constantly changing, and our Institute isevolving in three major directions. One is in its contribution to the development of economic sciences throughjoint research projects. In 2010, KIER was approved by the Japanese Ministry of Education, Culture, Sports,
Science and Technology (MEXT) as a Joint Usage/Research Center with an emphasis on fundamental
research in the sphere of Economics of Complex Systems and Economic Strategy and Organization, under thename “International Joint Research Center of Advanced Economic Theory”. The research resources KIER has
collected and international research networks it has formed have strengthened its role in the international
research community. The second direction is an approach that emphasizes the importance of connecting real
economic processes and theoretical research, a stance that has led KIER to contribute to the development ofapplied scientiﬁc studies. The Research Center for Advanced Policy was established in 2005, and is currently
in its second term of operation. With the cooperation of the ﬁve academic researchers from prefecturalministries it has hired for ﬁxed-term appointments, KIER has been raising the level of policy studies andactively proposing policy recommendations. This enhanced interface between theoretical studies and policy
implications allows the Institute to contribute to society and to the economy. Particularly, we organized the
Database Unit for promoting evidence-based policy. The third direction is in the improvement of KIERʼs
capacity to share information globally. To do so, we actively organize international conferences and contributetowards editing International journals.
KIER also considers education to be an important part of its mission and actively participates in educating
graduate school students and young researchers. Professors from our Institute teach at the Graduate Schoolof Economics, and KIER also accepts special researchers from the Japan Society for the Promotion of Science,ﬁxed-term researchers, and others. KIER has earned a positive reputation as a training grounds forresearchers, as many young researchers have gone on to become professors at renowned universities after
completing their education at our Institute. Moreover, KIER was one of 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.
The world economic crisis and opaque economic conditions in the aftermath of it pose new challenges tothe whole ﬁeld of economics. Nowadays, when both competitiveness and research capability of the Japanesesociety are being questioned, there raises a necessity of conducting high-quality research conforming tointernational standards. I am conﬁdent that research spirit of our institute, institutionalized research andeducational styles, and our new directions will allow KIER to become a good means in tackling thecontemporary problems in the ﬁeld of economics. KIER has signiﬁcantly contributed to the development of
economic sciences in Japan, both by conducting modern research activities in the sphere of economics, and asa center of education and research for joint usage and joint research projects which attracts many
researchers from around the world. KIER will continue its unceasing eﬀorts and strive to maintain its position
as a center of development and creation in the sphere of economics.

Overview of Institute of Economic Research, Kyoto University

1Organization and Research Staff

Organization and Research Staﬀ
Outside Organization

ICAM Kyoto Branch

University of California
Keio University

International Research Unit of Integrated
Complex System Science (IRU-ICSS)

Osaka University
The University of Tokyo

Social Science Unit for
Research and Education

Inside Organization
Graduate School of Economics
Research Institute for Mathematical Sciences

KIER

Joint Usage / Research Center

The International Research Unit ofAdvanced Future Studies (IRU-AFS)

Graduate School of Science

Research Unit for Developmentof Global Sustainability

Economic Information Analysis Divisionb
Economic Institution Division
Strategic Economic Studies Division
Finance Research Division
Contemporary Economic Analysis Division (Visiting Researchers)
Research Center for Economics of Complex Systems
Research Center for Advanced Policy Studies

Cooperation
Research Divisions

Research Areas

Research Staﬀs

Economic Information Analysis Division

Macroeconometric Analysis

Professor

Hiroshi TERUYAMA

Microeconometric Analysis

Professor

Hiroshi OSANO

Associate Professor

Ryo OKUI

Professor

Satoshi MIZOBATA

Professor

Akira OKADA

Professor

Chiaki HARA

Professor

Tadashi SEKIGUCHI

Assistant Prosessor

Chia-hui CHEN

Professor

Atsushi KAJII

Assistant Prosessor

Ryuji SANO

Program-Specific Assistant Professor

Takehito MASUDA

Risk Management

Professor

Akihisa SHIBATA

Market Quality

Professor

Makoto YANO

Financial Econometric Analysis

Professor

Yoshihiko NISHIYAMAInternational Financial Economics(Visiting Researchers)

Professor

Hulya ERASLAN

Associate Professor

Youichiro HIGASHI

Associate Professor

Kazuho YOKOGAWA

Professor

Tomoyuki NAKAJIMA

Assistant Prosessor

Shuhei TAKAHASHI

Spatial Economics

Professor

Tomoya MORI

Dynamic Economic Systems

Professor

Tadashi SHIGOKA

Associate Professor

Shigeru Hirota

Associate Professor

Koji ITO

Associate Professor

Junji TOJO

Associate Professor

Masato YODO

Associate Professor

Daizo KOJIMA

Project Professor

Masahisa FUJITA

Project Professor

Kazuo NISHIMURA

Project Professor

Kazuo MINO

Experimental Economics
Economic Institution Division

Economic Analysis of Institutions

Economic Analysis of Organizations
International Trade and Economic Grouith
Strategic Economic Studies DivisionGame Theory

Environment and Public Policy
Strategic Market Theoy

Finance Research Division

Director

Mathematical FinanceContemporary Economic Analysis Division(Visiting Researchers)

Research Center for Economics of Complex Systems

Complex Economic Systems

Research Center for Advanced Policy Studies

Joint Usage / Research Center“International Joint Research Center ofAdvanced Economic Theory”

Research Unit for Development of
Global Sustainability
Administration Oﬃce
Head

Koji ISHII

Associate Professor

Yuan WANG

General Aﬀairs Section

Section Head

Masatomi SASAKI

Library Section

Section Head

Reiko INOUE(as of July 2016)2

Actual Staff

Actual Staﬀ
Classiﬁcation
Research Divisions

Professor

13

Visiting researchers
Foreign visiting researchers
Other Grant-in-Aid, etc.
Total

1
3
17

Associate
Professor

6219Lecturer

Assistant
Professior

Administrative
Staﬀ

Sub-total

4

23
2
2
4
31

4

Total

5

5

28
2
1
4
35

(as of July 2016)

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
OKADA, Akira
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
2016. 4 . 1
2017. 1 . 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
2016. 3 . 31
2016. 12. 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
IMAI, Haruo
MINO, Kazuo
ARIGA, Kenn

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
2015. 4 . 1
2015. 4 . 1
2016. 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 social and economic institutions,
corporate organizations, and social decision-making processes. We pursue our research agenda under
the following two headings.
Under the “economic analysis of institutions” heading, we compare economic institutions based on theempirical and theoretical analysis of the market system and various other institutions. We also attempt
to assess the emergence and evolution of such systems by incorporating techniques and insights
developed in sociology.
Under the “economic analysis of organizations” heading, we study the inner structure of organizations
and the relationships between them. We apply game theory to deal not only with corporate
organizations but also with legislative bodies and other types of organizations. We empirically assess
our ﬁndings and compare them with results in law, management, biology, and other related ﬁelds.

4Strategic Economic Studies DivisionThis division bases its studies on the economic agentsʼ strategic behavior, which plays an importantrole in advanced economic theory. It aims to promote and disseminate state-of-the-art theoreticalresearch and its ﬂexible and systematic application. Established in 2009, this division also inherits theresearch program of the former Public Policy Division and undertakes research which connects theresults of theoretical analysis to policy planning. In order to conduct strategic analysis of the economy
from various aspects such as theory, application, and policy implications, this division is further divided
into two areas. One is “market economic strategy” and studies strategic transactional relationships in
the market, which is the most important economic institution. From a wide range of perspectives, thearea analyzes the economic phenomena forming a basis of the policy analysis. The other area is “gametheory”, which comprehensively studies the individual and group-level decision-making under settings
such as dynamics and imperfect information.
In “market economic strategy”, the subject of research is a broad range of aspects of the market
economy. It includes the analysis of the strategic behavior of ﬁrms, consumers, and governments. It
also concerns evaluation of market performance and economic eﬀects of various policies. Further, as aresource allocation mechanism closely related to the market economy, this area undertakes research on
auction models and their theoretical properties especially in the case of multiple objects and dynamics,
together with the issue of design of auction formats. The area also studies decision theory under risk
and uncertainty, which is fundamental to decision-making by participants in the market.
In “game theory”, this area further develops the methodology of game theory that is the center of thestrategic analysis of the economy through incorporating cutting-edge issues such as dynamics,
imperfect information, and incomplete information. The subject of research includes theory ofcooperation under long-run relationships with general information structure and the problems ofsignaling and screening under dynamic environments as well as the applications of those results to the
behaviors of ﬁrms and organizations.

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 critical to understand future uncertainties and to identify and measure
the various risks and to decisively optimize risk management, it is Financial Engineering and Financethat provide the foundation regarding them. With this in mind, it is evident that Financial Engineeringand Finance are ﬁelds of great importance. The Kyoto Institute of Economic Research established the
Research Center for Financial Engineering in 2000 and it has played a role as an international hub inthe ﬁeld for 10 years. In order to expand the functions of the center as a base for Financial Engineeringand 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 theﬁnancial crises as well as themeasures needed to prevent theirre-occurrence. Moreover, placing
importance on risk management inorganizations, 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 torevitalize
theeconomyandmeasures to deal with risks facing
the Japanese economy in the future,
while cooperating closely with other
Divisions at the Kyoto Institute of
Economic Research.

Overview of Institute of Economic Research, Kyoto University

5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 and spatial
economics. Between 1997 and 2003, we received Grants-in-Aid for Scientiﬁc Research toward theformation of a center for the economics of complex systems. During this period, we held multiple
interdisciplinary and international conferences, and through joint research with many overseas scholars,
we achieved signiﬁcant results as an international center in this ﬁeld. The purpose of the establishmentof 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 of complex
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, strategic interdependent
relationships, spatiotemporal pattern formations, and macroeconomic ﬂuctuation phenomena. In order toexplain cyclical economic phenomena involving many agents, research on interdependence andself-organization is conducted to reconsider the hypotheses of the behavioral patterns of economic agents
applied in traditional economics. For example, results that deal with the relationship between multi-sector
economies and multiple equilibria and with high-dimensional chaos can be expected. “Spatial economics”
studies the mechanisms of economic agglomerations
such as industrial clustering, city formation, andSpatialEconometrics
Economics
transport network formation, whose spatial patterns
often provide typical examples of self-organization
Endogenous
Growthleading to the emergence of order.
MacroInternational
Economics of“Economic dynamics” develops formal methodologies
Dynamics
Trade
Complex
Systemsused in nonlinear dynamic analysis based on theStrategic
Behaviour
standard spatiotemporal framework, and constructs a Dynamic
Game
Experimental
mathematical foundation common to all the research
Economics
areas of this center.
Biology

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, and their 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 government departments(Cabinet Oﬃce, Ministry of Finance, Ministry of Economy, Trade and Industry, Ministry of theEnvironment and Ministry of Land, Infrastructure, Transport and Tourism).
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 of humanresources between the policy-related institutions and the academic world, and to foster both theoreticaland empirical policy research.
The center was established based on an awareness of the fact that the cultivation of policy makers withsuperior skills of bargaining and persuasion, supported by specialized knowledge, and the formation ofpolicies that can attain a high level of approval from the international community is important for theJapanese government. In order to achieve the improvement in Japanese policy analysis required for this,
it is essential that the practice of compartmentalized policy formulation and analysis is abolished and that
two-way ﬂow of human resources and ideas is promoted between the policy-related institutions and theacademic world. The center thus plays an important role in
Cooperation with five researchers the policy-related institutions
continually providing a place for such interaction andsupporting free and vigorous exchange.
Global policy researchInternational policy coordination
Also, reﬂecting the fruits of the research performed byEnvironmental problemsKIER, 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
Communal policy research
Financial policy research
Regional policy
Fiscal/monetary policy
Urban policy
research needs, and to conduct theoretical and empirical
Macro-economic analysis
Environmental policyresearch that meets these needs.

6

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

Joint Usage / Research Center “International Joint Research Center of Advanced Economic Theory”
KIER has worked extensively to further joint research with researchers both in and outside Japan, as aninternational hub for researching advanced economic theory. In view of its activity in this area, KIER received
MEXT approval in FY2010 as a Joint Usage/Research Center, under the name International Joint ResearchCenter of Advanced Economic Theory, based on the medium-term objective of furthering research in two
ﬁelds of advanced economic theory: economics of complex systems and economic strategy and organization. In
FY2016, KIER was again accredited as the Joint Usage/Research Center by MEXT.
The Center uses the abundant human resources and facilities at KIER and the international research
networks that have been cultivated to date as research resources to further international joint research into
advanced economic theory, and is working to train researchers involved in economic theory researchinternationally. The Center is managed by the Joint Research/Usage Centerʼs Advisory Committee,
comprising ten members̶ﬁve members from within KIER and ﬁve external members representing the
research community.
Open project research is positioned at the heart of the Centerʼs operations. This work uses KIERʼs researchresources regarding themes identiﬁed as important in economics, organizing research groups represented byresearchers outside KIER to publicly solicit and implement intensive joint research over the course of one
year. Many unique research results can be expected to arise through the implementation of these projects.
In consideration of the scope of the specialist research, investigation of these open projects is implemented
by the Research Project Selection Committee, comprising ﬁve members from within KIER and ﬁve external
members, and the Advisory Committee decides whether to take up the project based on the results of thisinvestigation. For FY2016, the following 14 projects̶general research projects included̶were adopted,
taking “economic analysis of globalization” as the core theme of the research (i.e., the main research theme).
Titles of the FY2016 Project Research Themes
Main Research Themes

Researcher Names and Aﬃliations“The structure of random strategy proof mechanisms”

Shurojit CHATTERJI, School of Economics, Singapore Management University“Evolution of Ambiguity Preferences”

Jörgen WEIBULL, Department of Economics, Stockholm School of Economics“Economic Analyses of Globalization and Uncertainty”

Takao ASANO, Graduate School of Humanities and Social Sciences, Okayama University

General Research Themes

Researcher Names and Aﬃliations“Multimarket contact under imperfect observability”

Atsushi IWASAKI, Graduate School of Information Systems, University of Electro-Communications“Analysis of capital markets under model uncertainty”

Masaaki FUKASAWA, Graduate School of Engineering Science, Osaka University“Decision theoretic analysis under subjective uncertainty”

Youichiro HIGASHI, Faculty of Economics, Okayama University“Application of Advanced Meta-Analysis to the Transition Literature”

Akira UEGAKI, Faculty of Economics, Seinan Gakuin University“International Comparison on Market Quality and Government Quality of Transition Countries”

Hiroaki HAYASHI, College of Economics /Department of International Economics, Ritsumeikan University“Empirical and Theoretical Studies of Eﬀects of Recent Fiscal Reforms on
Future Fiscal Stance and Macroeconomy in Japan”

Real ARAI, School of Economics and Management, Kochi University of Technology“Statistical analysis of the relation between ﬁnancial environment andﬁrm behavior - empirical research with linked panel data”

Yasuo GOTO, The Research Institute of Economy, Trade and Industry“Empirical Analysis of Labor Market Flows”

Masako KIMURA, Graduate School of Economics, Nagoya City University“Moment inequality based microeconometric theory and its applications”

Andreas SANTOS, University of California San Diego“O-D data analysis in spatio-temporal econometrics”

Yoko KONISHI, Research Institute of Economy, Trade and Industry“Macroeconomic analysis with directed search models”

Shouyong SHI, Faculty of Economics, Pennsylvania State University

Further, the Center is internationally minded in its sharing of information on advanced economic theory,
actively hosting international conferences and symposiums on advanced economic theory research in concert
with the project research. The Centerʼs activities and information sharing is supported by the Joint
Usage/Research Centerʼs Support Oﬃce.

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 in the
wide-ranging research ﬁelds from micro elements to macro human social economic phenomena. In order todraw 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 are located in the Kyoto Institute of
Economic Research (KIER).
Overview of Institute of Economic Research, Kyoto University

7

Social Science Unit for Research and Education

Social Science Unit for Research and Education
Japan has been facing deﬂationary pressures and stagnant economic growth for the last 20 years. To
overcome these diﬃculties, we need to enhance the market quality and connect science and technology toaﬄuence. In this light, it is imperative to cultivate socio-scientiﬁc talents capable of managing ever-increasingdata and creating a new education and research system designed for developing seeds based on needs.
This project intends to help promote an evidence-based society in collaboration with medical schools andother natural science departments as well as humanities and social science graduate schools and research
institutions in our university. It aims to establish new humanities and social sciences based on quantitative
data, cultivate talents in most advanced areas of study, and create evidence-based interdisciplinary humansciences that elucidate human nature and society.
Placing the policy studies by the Research Center for Advanced Policy Studies (CAPS) instructors at its core,
we collaborate with departments that comprise the unit and with data-building hubs on and oﬀ campus increating panel data and big data that capture personal traits and social structures in ﬁelds ranging from social
science to life science. Utilizing the data, our project pursues research on determinants of social phenomena,
human activities, and health from innovative perspectives not found in existing research.
In academic year 2016, we will recruit graduate students who are interested in evidence-based humanscience from the departments that comprise the unit. These students will deepen understanding ofevidence-based human science and become ambassadors of evidence-based human science in their respective
research ﬁelds. They will also engage in research and education with CAPS instructors as student partners,
e.g. as research and teaching assistants.

International Research Unit of Advanced Future Studies (IRU-AFS)

International Research Unit of Advanced Future Studies (IRU-AFS)
The International Research Unit of Advanced Future Studies (Director Misao Sasaki, a professor at Yukawa
Institute of Theoretical Physics) was established on July 28, 2015 in collaboration with 12 Kyoto University
research organizations based on the New Integrated Creative Sciences Project (NICS Project) research
activities (FY 2013-2014), and is operated by the Yukawa Institute for Theoretical Physics (YITP).
Its vision is to drive intellectual adventures of multi-disciplinary integration for paradigm shifts in explorationof universal laws and emerging principles governing living organisms, materials, minds, human societies,
education and economies. It also aims to guide our future through intellectual adventures of multi-disciplinary
integration. IRU-AFS leverages its international research networks to attract numerous global guest faculty
members to promote its original research in collaboration with the International Research Unit of Integrated
Complex System Science (IRU-ICSS) and the Unit of Synergetic Studies for Space (USSS).

Research Unit for Development of Global Sustainability

Research Unit for Development of Global Sustainability
In Jun 2015, Research Unit for Development of Global Sustainability succeeds and replaces the Institute of
Sustainability Science (ISS), which has been conducting interdisciplinary research on sustainability since its
establishment in 2006.
The Unit designs sustainability-building strategies based on the results of interdisciplinary cooperation
between scientists who conduct cutting-edge research in ﬁelds related to the natural environment, humansociety, and life. As well as issues that matter to the participating seven Research Institutes. These scientists
clarify, each in their ﬁeld, which factors determine the life span of the matter they deal with, and present theirresults on life span from the viewpoint of relative evaluation (assessment of the vulnerability of the naturalenvironment and of matter on the human time scale). The Unitʼs approach clearly diﬀers from earlier
approaches that aimed at steady development in restricted areas: our strategies are dynamic and global, andpay attention to the fact that the human species may not exist forever.
At KIER, we have participated in the Unit from the standpoints of economics and policy research, following
participation in ISS.

ICAM Kyoto Branch

ICAM Kyoto Branch
ICAM is a research center for complex systems founded in July 2002 by
Professor David Pines of the Santa Fe Institute as part of the University ofCalifornia. 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 andProfessor Makoto Yao of the Graduate School of Science serve as
representatives of the ICAM Kyoto Branch.

8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 great social
concern are raised. The economic research symposiums that are hosted every year have recently
raised such themes as the “Information Society and Economics”, “Management of the Creation 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 tojunior high and high school students to attend public lectures as the audience.

Number of Previous Workshops and Symposiums
Fiscal Year

2011

2012

2013

2014

2015

Total Number

12
（6）

20
（8）

19（13）

19（9）

16
（9）

Note: Figures in parentheses show the number of international symposiums within the total number.

Number of Previous Workshops
FY

2011

2012

2013

2014

2015

Microeconomics and Game Theoty Workshop

31

32

28

34

37

Econometrics Workshop

13

16

12

6

11

KIER Workshop

5

2

2

2

3

GCOE Workshop

3

4

−

−

−

Contract Theory Workshop

3

2

2

2

1

Urban Economics Workshop

10

7

11

10

11

CAPS Workshop

2

2

5

7

13

Macroeconomics and Economic Systems Workshop

13

13

14

19

19

Joint Usage / Rsearch Center Workshop

4

3

6

11

10

Specially Promoted Research Workshop

−

13

6

14

17

Others

4

4

0

4

5

Total Number

88

98

86

109

127

Main Symposiums Hosted or Jointly Hosted by KIER (25 September 2010 to 9 March 2016)
Date

2010/9/25〜2010/9/26

2010/10/11〜2010/10/14

Title

Guest Speakers

VenueInternational 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, Russia)
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

Overview of Institute of Economic Research, Kyoto University

9

Date

2011/2/4〜2011/2/5

2011/2/11

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

10

Guest Speakers

Venue

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, China)
Angus C. Chu(Shanghai University of Finance and Economics, China)
Yuichi Furukawa (Chukyo University)

Hotel Keihan Kyoto

International 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

Title

TitleGuest Speakers

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

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

Date

2011/11/29〜2011/12/1

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

11

Date

Guest Speakers

Venue

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 México (ITAM), Mexico)

Institute of Economic
Research, Kyoto University

2012/8/23

KIER Workshop

Johannes Horner (Yale University, USA)

Research Building #2,
Kyoto University

2012/10/4

Market Quality Workshop

Kenji Sato (Kyoto University)
Yuka Ohno (Hokkaido University)
Avinash Dixit (Princeton University, USA)

Research Building #2,
Kyoto University

2012/10/19

Symposium on Santa Fe Institute in Kyoto"Invitation to Integrated Complex System
Science"

Jerry Sabloﬀ (Santa Fe Institute, USA)
Fumio Oka (Kyoto University)
Hiroshi Watanabe (Kyoto University)
tetsuo Kobayashi (Kyoto University)
Atsushi Yamauchi (Kyoto University)
Terufumi Ohno (Kyoto University)
Kazuo Mino (Kyoto University)

Science Seminar House,
Kyoto University

2012/11/2

In Celebration of the 50th Anniversaryof the Kyoto University Institute of Economic
Research (KIER) Conference on Market Quality

Youngsub Chun (Seoul National University, Korea)
Takashi Komatsubara (Kyoto University)
Tadashi Sekiguchi (Kyoto University)
Satoshi Mizobata (Kyoto University)
Andrei Yakovlev(National Research University, Russia)
Byung-YeonKim (Seoul National University, Korea)

The Westin Miyako Kyoto

Kyoto Conference on
EMPLOYMENT ADJUSTMENT IN RESPONSETO SHOCKS: MICRO-LEVEL EVIDENCE &MACRO-ECONOMIC IMPLICATIONS

Richard Upward (the University of Nottingham, UK)
Ryo Kambayashi (Hitotsubashi University)
Daniela Nordmeier(Nuremberg & Friedrich-Alexander-University, Erlangen-Nuremberg, Germany)
Tor Eriksson (Aarhus University, Denmark)
Leopoldo Mondauto (Italia Lavoro, Italy)
Héloise Petit(CEE and University of Paris I Panthéon-Sorbonne, France)
Richard Fabling(Motu Economic & Public Policy Research, New Zealand)
Jim Spletzer (U.S. Census Bureau, USA)
Robert Petrunia (Lakehead University, Canada)

Kyoto University ClockTower Centenniale Holl

Yokohama Conference on Empirical Issues ofInternational Trade and Firms

Lee Branstetter(Carnegie Mellon University / Former Senior Economist of International Trade and Investment, USA)Lu Yi (National University of Singapore, Singapore)
Miaojie Yu (Peking University, China)
Heiwai Tang (Tufts University, USA)
Eiichi Tomiura (Yokohama National University)
Tzu-Han Yang (National Taipei University, Taiwan)
Andrew Bernard (Dartmouth College, USA)
Loretta Fung (National Tsing Hua University, Taiwan)
Shuichiro Nishioka (West Virginia University, USA)
Hong Ma (Tsinghua University, China)
Kozo Kiyota (Yokohama National University)
Deng-Shing Huang (Academia Sinica, Taiwan)

The Conference Center,
Paciﬁco YokohamaInternational Conference"System Transformation and Labour Motivation
Problems"

Irina Olympieva(Center for Independent Social Research, Russia)
Geoﬀrey Wood (The University of Warwick, UK)
Takumi Horibayashi (Kanazawa University)
Igor Gurkov(National Research University - Higher School of Economics, Russia)
Vasiliy Anikin(National Research University - Higher School of Economics, Russia)
Sadayoshi Ohtsu (Kobe University)
Hiroaki Hayashi (University of Shimane)
Katsumi Fujiwara (Osaka University)
Yanxia Tang (Aichi University)
Yutaka Konoshi (Gifu University)
Satoshi Mizobata (Kyoto University)
Fumitaka Iwanami (Komazawa University)

Shiran Kaikan Annex,
Kyoto University (26th)
Institute of Economic
Research, Kyoto University(27th)

International Workshop on The Economicand Mathematical Analysis of Security Markets

Robert Anderson(University of California, Berkeley, USA)
Katsumasa Nishide (Yokohama National University)
Rose-Anne Dana (Université Paris-Dauphine, France)
Shuji Funahashi(Mizuho Securities Co., Ltd. / Tokyo Metropolitan University)
Takashi Kato (Osaka University)
Masaaki Fukasawa (Osaka University)
Norio Takeoka (Yokohama National University)

Institute of Economic
Research, Kyoto University

2012/11/15〜2012/11/16

2012/12/12〜2012/12/13

2013/1/26〜2013/1/27

2013/2/9

12

Title

Date

Title

Guest Speakers

Venue

10th Biennial Paciﬁc Rim Conference,
Western Economic Association International

Robert F. Engle (New York University, USA)
Atsushi Seike (Keio University)
George G. Kaufman (Loyola University Chicago, USA)
Takatoshi Ito (The University of Tokyo)

Keio University

International Conference on Market Quality,
Trade and Dynamics

Ronald Jones (University of Rochester, USA)
Naoyuki Yoshino (Keio University)
Nicholas Yannelis(University of Iowa and University of Manchester, UK)
Takashi Kamihigashi (Kobe University)
Andy Neumeyer(Universidad Torcuato di Tella, Argentine)
Yuichi Furukawa (Chukyo University)
Krishnendu Dastidar(Jawaharlal Nehru University, India)
Hitoshi Matsushima (The University of Tokyo)
Takakazu Honryo (University of Mannheim, Germany)Peter Rosendorﬀ (New York University, USA)
Mukul Majumdar (Cornell University, USA)

The Westin Miyako Kyoto

Science Education in Kyoto-The Grobal Partnership on Science Education
Through Engagement in Kyoto-

Yoshiharu Hoshino (Teikyo University)
Yasuo Sando(Nippon Steel & Sumikin Research Institute Corporation)
Hiroshi Asada(Kyoto Municipal Katsuragawa Elementary School)
Yuji Takahata(Nerima Munisipal Kaishin The First Junior High School)
Isao Iizawa(Kyoto Municipal Horikawa Senior High School)
Toshiharu Tsushima(Fukushima Prefectural Adachi High School)
Osamu Marukawa(Kyoto Prefectural Board of Education)
Hidefumi Tooyama(Kyoto Prefectural Board of Education)
Kazuo Nishimura (Kyoto University)

Panasonic Auditorium,
Yukawa Memorial Hall,
Kyoto University

2013/11/8〜2013/11/9

International Conference on Market Quality
and Economic Institutions

Makoto Yano (Kyoto University)
Takashi Komatsubara (Kyoto University)
Shin Sakaue (Sophia University)
Hidetaka Kawano (Aomori Public University)
Jinwoo Kim (Seoul National University, Korea)
Jun Tomitaka (Aomori Public University)
Krishnendu Dastidar(Jawaharlal Nehru University, India)

WA-RASSE (8th)
Aomori Public University(9th)

2013/11/9

Joint-Usage, Joint-Research Program
Workshop on Social Infrastructure Design in
Post-Earthquake

Takayuki Oishi (Aomori Public University)
Shino Takayama(The University of Queensland, Australia)
Andy Mclennan(The University of Queensland, Australia)
Youngsub Chun (Seoul National University, Korea)
Yoshinori Kon (Aomori Public Univeristy)

Aomori Public University

Institutions, Markets, and Market Quality-IEFS Japan Annual Meeting 2013-

Makoto Yano (Kyoto University)
Shuhei Takahashi (Kyoto University)
Taiji Furusawa (Hitotsubashi Univeristy)
Takashi Kamihigashi (Kobe University)
Kenji Fujiwara (Kwansei Gakuin University)
Hu Yunfang (Tohoku University)
Krishnendu Dastidar(Jawaharlal Nehru University, India)
Toshihiro Matsumura (The University of Tokyo)

Rokkodai Main Building,
Kobe University

International Conference"International Comparison on Variety of
Capitalism and Work Motivation"

Hironori Tohyama (Shizuoka University)
Hitomi Matsubara (Osaka City University)
Mihoko Satogami (Kyoto University)
Satoshi Mizobata (Kyoto University)
Ryoji Ihara (Gifu University)
Shoji Hashiguchi (Ritsumeikan University)
Katsumi Fujiwara (Osaka University)
Hiroaki Hayashi (University of Shimane)
Simon Clarke (University of Warwick, UK)
Geoﬀrey Wood (University of Warwick, UK)
Pavol Babos (Slovak Academy of Sciences, Slovakia)
Ngoc Anh Nguyen(National Economic University, Vietnam)
Richard Deeg (Temple University, USA)

Kyoto University ClockTower Centenniale HollSSK International Workshop in Kyoto

Kyungchul Song
(University of British Columbia, Canada)
Ryo Okui (Kyoto University)
Naoya Sueishi (Kyoto University)
Sokbae Lee (Seoul National University, Korea)
Se-il Mun (Kyoto University)

The Westin Miyako Kyoto

2013/3/14〜2013/3/17

2013/4/8〜2013/4/9

2013/4/28

2013/12/3

2013/12/14〜2013/12/15

2014/2/18

Overview of Institute of Economic Research, Kyoto University

13

Date

Guest Speakers

Venue

AEI-Five Joint Workshop on Economic Issues
in the Asian Century

Keun Lee (Seoul National University, Korea)
Yoshihiko Nishiyama (Kyoto University)
Jianguo Xu (Peking University, China)
Jae-Young Kim (Seoul National University, Korea)
Pei-Ju Liao (Academia Sinica, Taiwan)
Tianyang Xi (Peking University, China)
Xiaobo Zhang (Peking University, China)
Eric Fesselmeyer(National University of Singapore, Singapore)
Kamhon Kan (Academia Sinica, Taiwan)

The Westin Miyako Kyoto

2014/2/28

Workshop on Growth and Economic Policies

Kazuo Mino (Kyoto University)
Been-Lon Chen (Academia Sinica, Taiwan)
Juin-Jen Chang (Academia Sinica, Taiwan)
Miaojie Yu (Peking University, China)
Oyvind Thomassen (Seoul National University, Korea)
Min Wang (Peking University, China)
Tadashi Sekiguchi (Kyoto University)
Zhu Shenghao(National University of Singapore, Singapore)
Youngsub Chun (Seoul National University, Korea)

The Westin Miyako Kyoto

2014/3/5〜2014/3/6

International Seminar"Variety of Capitalism in Transition
Countries and Work Motivation"

Kazuho Yokogawa (Kanagwa University)
Makoto Kumazawa (Konan University)
Jan Hagamejer (Warsaw University, Poland)
Joanna Tyrowicz (Warsaw University, Poland)
John Round(National Research University-Higher School of Economics, Russia)

Shiran Kaikan Annex,
Kyoto University

International Conference on
Portfolio Selection and Asset Pricing

Giorgia Callegaro (University of Padova, Italy)
Darrell Duﬃe (Stanford University, USA)
Masahiko Egami (Kyoto University)
Toshiki Honda (Hitotsubashi University)
Yuri Kabanov (University of Franche-Comte, France)
Shigeo Kusuoka (The University of Tokyo)
Hiroshi Morita (Yokohama National University)
Rohit Rahi (London School of Economics, UK)
Jun Sekine (Osaka University)
Jaeyoung Sung (Ajou University, Korea)
Xun Yu Zhou (University of Oxford, UK)

Kyoto University ClockTower Centenniale Holl

International Conference on"Comparative Analysis of Businessand Management"

Yoji Koyama (Niigata University)
Norio Horie (University of Toyama)David Stark (Columbia University, USA)
Takabumi Hayashi (Kokushikan University)
Naoki Wakabayashi (Kyoto University)
Fazakas Balazs (Kyoto University)
Satoshi Mizobata (Kyoto University)

Kyoto University ClockTower Centenniale Holl

Second Conference on Institutions,Markets, and Market Quality ‒IEFS
Japan Annual Meeting 2014-

Yan Ma (Kobe University)
Takashi Komatsubara (Kyoto University)
Nobuyoshi Yamori (Kobe University)
Taiji Furusawa (Hitotsubashi Univeristy)
Naoto Jinji (Kyoto University)
Yoichi Sugita(Institute of Developing Economies, Japan External Trade Organization / IDE-JETRO)
Yoshinori Kurokawa (University of Tsukuba)
Akihiko Yanase (Nagoya University)

Rokkodai Main Building,
Kobe University

Third Conference on Institutions,Markets, and Market Quality‒IEFS Japan Annual Meeting 2015-

Makoto Yano (Kyoto University)
Shuhei Takahashi (Kyoto University)
Mario Crucini (Vanderbilt University, USA)
Takayuki Tsuruga (Kyoto University)
Akihiko Yanase (Nagoya University)
Misuzu Azuma (Chiba Keizai University)
Yasushi Kawabata (Nagoya City University)
Miki Matsuo (Kyushu International University)
Yoichi Sugita (Japan External Trade Orgnization)
Kazuo Mino (Kyoto University)
Wanida Ngienthi（Assumption University, Thailand）
Yuka Ohno（Hokkaido University）
Shiran Kaikan Yamauchi
Takashi Komatsubara（Kyoto University)
Hall, Kyoto University
Krishnendu Ghosh Dastidar(Jawaharlal Nehru University, India)
Hiroshi Fujiu (Chiba Keizai University)
Ronald W. Jones（University of Rochester, USA）
Masao Oda（Ritsumeikan University）
Takumi Naito（Waseda University）
Yan Ma（Kobe University）
Eden Yu（Chu Hai College of Higher Education, Hong Kong, China）
Takeshi Ogawa（Senshu University）
Fumio Dei（Kobe University）
Yuichi Furukawa (Chukyo University)
Rui Ota (Yokohama City University)

2014/2/27

2014/3/28〜2014/3/29

2014/7/19〜2014/7/19

2014/9/24

2015/5/21〜2015/5/22

14

Title

Date

2015/8/28

2015/11/29

2015/12/5

2016/2/5〜2016/2/6

2016/2/23〜2016/2/24

2016/3/8〜2016/3/9

2016/3/9

Title

Guest Speakers

Venue

J-WEN Mentoring Workshop 2015

Donna Ginther (University of Kansas, USA)
Takako Fujiwara-Greve (Keio University)
Sayaka Nakamura (Nagoya University)
Yuka Ohno (Hokkaido University)

Institute of Economic
Research, Kyoto University

International Symposium"Economic Transition and Income Inequality
in China"

Shi Li (Beijing Normal University, China)
Kai KAJITANI (Kobe University)
Katsuji NAKAGANE (Tokyo University)
Xinxin Ma (Hitotsubashi University)
Kazufumi YUGAMI (Kobe University)
Masashi HOSHINO (Waseda University)
Takashi OSHIO (Hitotsubashi University)

Research Building No.2,
Kyoto University

9th Japan-Taiwan-Hong Kong
Contract Theory Conference

Hitoshi Sadakane (Kobe University)
Stephen Chiu (University of Hong Kong, China)
Eric Szu-Wen Chou
(National Tsing Hua University, Taiwan)
Daisuke Hirata (Hitotsubashi University)
Min-Hung Tsay
(National Chung Cheng University, Taiwan)
Mami Kobayashi (Ritsumeikan University)
Hsuan-Chih Lin (Academia Sinica, Taiwan)
Kim-sau Chung(Chinese University of Hong Kong, China)

Suzaku Campus,
Ritsumeikan University

1st International Conference on
Evidence-based Policy

Michael Keen (IMF)
Makoto Yano (Kyoto University)
Nick Buck (University of Essex, UK)
Mari Jibu (Japan Science and Technology Agency)
Annelies Blom (University of Mannheim, Germany)
Ryo Yamada (Kyoto University)
Takashi Komatsubara (Kyoto University)
Hitoshi Shigeoka (Simon Fraser University, Canada)
Masahiro Kuroda(Japan Science and Technology Agency)
Takao Kuramochi(Japan Science and Technology Agency)
Fumihiko Matsuda (Kyoto University)
Fang He (Keio University)

Shiran Kaikan Yamauchi
Hall, Kyoto University (5th),
Institute of Economic
Research,
Kyoto University (6th)International Conference"Diversity of Institutional Settings andPath-dependency in Transition Economies

Gerard Roland (University of California, USA)Geoﬀrey Wood (University of Essex, UK)
Hiroaki Hayashi (University of Shimane)
Satoshi Mizobata (Kyoto University)
Norio Horie (University of Toyama)
Ichiro Iwasaki (Hitotsubashi University)
Martina Lubyova(Slovak Academy of Sciences, Slovakia)
Pavol Babos (Slovak Academy of Sciences, Slovakia)
Hiroshi Tanaka (Ritsumeikan University)
Markku Sippora (University of Jyväskylä, Finland)
Irina Olimpieva(Center for IndependentSocial Research, Russia)
Yutaka Konishi (Gifu University)
Katsumi Fujiwara (Osaka University)
Andrei Belov (Fukui Prefectural University)
Taku Suzuki (Teikyo University)
Sadayoshi Otsu (Kobe University)
Victor Gorschkov (Kaichi International University)

Institute of Economic
Research, Kyoto University

International Conference on
Financial Risks and Their
Management 2016

Katsumasa Nishide (Yokohama National University)
Elisa Alòs (Universtitat Pompeu Fabra, Spain)
Kensuke Ishitani (Meijo University)
Christoph Frei (University of Alberta, Canada)
Ryuichi Yamamoto (Waseda University)
Tim Edwards (S&P Dow Jones Indices)
Ciprian V. Marin (Lazard Asset Management)
Tomohiro Hirano (The University of Tokyo)
Kazuo Yamada (Nagasaki University)
Asaf Cohen (University of Michigan, USA)

Research Building No.2,
Kyoto University

International Conference on "EU
Economic Stagnation and Political
Insecurity: Lessons for Asia"

Steven Roseﬁelde (University of North Carolina, USA)
Olga Bobrova (St.Petersburg State University of
Economics, Russia)
Victor Gorshkov (Kaichi International University)
Yoji Koyama (Niigata University)
Christine Tsai (Zhejiang University, China)
Bruno Dallago (University of Trento, Italy)Evžen Ko㶜enda (Charles University, Czech Republic)

Institute of Economic
Research, Kyoto University

Overview of Institute of Economic Research, Kyoto University

15

KIER Track Record

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 the numberof 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 of 2010 has reached 1,000.

Honors / Awards

16616

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 Economics
Japan Statistical Society Ogawa Research Prize
Kyoto Shimbun Grand Award in Culture/Academy
Member of the Japan Academy
Medal with Purple Ribbon
Member of the Japan Academy
Tenth Japan Society for the Promotion of Science (JSPS) Prize
11th Japan Society for the Promotion of Science (JSPS) Prize

2009
2009
2010
2010
2010
2012
2012
2013
2014

2005
2007

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

2007

Takuya Kimura

2006
2007
2007
2007
2008
2008

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
Kazuo Nishimura
Kazuo Nishimura
Tomoyuki Nakajima
Tadashi Sekiguchi

2004◆ 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 2003 until now, 14
young researchers have been appointed, and are active as researchers working in educational and researchbodies 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 201112

FY 201215

FY 201317

FY 201416

FY 2015
13

Latest Main Appointments among PD and Student Teachers (FY2003〜)■ Universities：Hokkaido University, Otaru University of Commerce, Tohoku University, Yamagata University,
University of Tsukuba, The University of Tokyo, Hitotsubashi University, Shiga University, Kyoto University, Osaka
University, Kobe University, Wakayama University, Hiroshima University, Aomori Public University, Nagoya City University,
Kobe City University of Foreign Studies, Shimonoseki City University, Sapporo Gakuin University, Chiba University ofCommerce, Nihonbashi Gakkan University, Asia University, Keio University, Seikei University, Chuo University, Tokyo Keizai
University, Hosei University, Waseda University, Nagoya Gakuin University, Gifu Shotoku Gakuen University, Doshisha
University, Ryukoku University, Osaka Gakuin University, Osaka University of Economics, Kansai University, Kinki
University, Kwansei Gakuin University, Konan University, Kyoto Sangyo 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 ofDeveloping Economies, Policy Research Institute (Ministry of Finance), Ehime Prefecture■ Private Firms：Institute of Intellectual Property, NTT, MRI Research Associates, Inc., AXA Life Insurance,
Institute for Areal Studies Software Research Associates, Inc. (SRA), Toyota Motor Corporation, EPS Corporation, Shinsei
Bank, Recruit Holdings Co.,Ltd., Institute of Transportation Economics, Keizai Doyukai (Japan Association of Corporate
Executives), Sumitomo Mitsui Card Co., Ltd., IBM Japan Services Company Ltd., Mitsubishi UFJ Trust and Banking
Corporation, Mitsubishi Research Institute, Inc., Chubu Region Institute for Social and Economic Research, Sumitomo
Mitsui Banking Corporation◆ 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 and inviting world-leading
researchers, KIER is also engaged in various joint international research, and is ceaselessly 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 in research exchange.

Academic Exchange Agreements with Foreign Research Instuitutions
CountyInstitution

Russian Federation

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)

2007/11/28〜2018/1/29

Republic of Korea

The Institute of Economic Research, Seoul National University

2008/2/22〜2018/2/18

Department of Economics, University of North Carolina at Chapel Hill

2009/4/22〜2019/4/21

United States of America
Republic of Finland
Hungary

Helsinki Center of Economic Research

2009/9/8〜2019/9/7

The Institute of Economics, Hungarian Academy of Sciences

2010/3/23〜2017/7/23

Researchers from Abroad
Fiscal Year

Area

Asia

FY 2011

FY 2012FY 2013

FY 2014

FY 2015

13（1）

11

35

11（2）

23（2）
22（2）

North America

15

25

22（2）

18

South & Central America

0

0

2

0

0

Europe

18（3）

19（3）

22（3）

22（3）

21（3）

Oceania

1

4

1（1）

2

2

Middle East

3

1

2

3

1

Africa

0

0

0

0

0

Total

50（4）

60（3）

84（6）

56（5）

69（7）

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 2016, 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, the summer
holiday period, the winter 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 1,495 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. Everytime 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 and so he donated his massive library to KIER in October 2003. Professor McKenzieʼsstudents are active around the world, and there are many of his students who are teaching at otheruniversities in Japan as well. Still he donated his books to the Kyoto Institute of Economic Research,which is an unparalleled honor for the institute. Making the most of this opportunity, KIER establishedthe McKenzie Library within the institute itself, which continues to be of use in improving the researchstandards of both faculty and students at Kyoto University.

McKenzie Library

Library

Library

Library

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

40,801

No.
Western books Total collection Japanese periodicals Western periodicals ofTotal
periodicals(volumes)(volumes)(types)(types)(types)41,18981,990

2,632

1,244

3,876

（as of March 2016）18

Finances

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

(Unit / 1,000 Yen)

FY 2011

FY 2012FY 2013

FY 2014

FY 2015514,389

444,151

429,115464,702412,951

Personnel Expenses

396,450

347,616

335,838

379,095

327,696

Cost of Supplies

117,939

96,53593,27785,60785,255

Item
University Grants

Breakdown

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

(Unit / 1,000 Yen)

FY 2011

FY 2012FY 2013

FY 2014

FY 2015

Number of Grants

14

13

13

15

17

Amount of Grants

79,90097,800118,200

115,874

118,268

Item

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 (Global COE) (Unit / 1,000 Yen)
Fiscal Year

FY 2011

FY 2012Comprehensive Design for Market Infrastructure andIncreasing Market Quality (with Keio University)

64,30366,071

Human Activities and Society Economic Dynamics(with Osaka University)

14,40015,500Total

78,703

81,571

Item

Direct accounting only.

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

FY 2011

FY 2012FY 2013

FY 2014

FY 2015

Number

7

4

2

3

7

Amount

8,600

2,900

1,176

2,250

4,867

Number

6

6

7

10

10

Amount39,18647,48147,401

46,97545,303

Number

13

10

9

13

17

Amount47,78650,381

48,57749,22550,170

Item

DonationsEntrusted
Research Funds

Total

Other Grants-in-Aid, etc.
Fiscal Year

(Unit / 1,000 Yen)
FY 2011

FY 2012FY 2013

FY 2014

FY 2015

Improvement of Research Environement for Young
Researchers (Tenure Track System)

5,860

12,694

26,424

21,9629,303

Inter-Graduate School Program for Sustainable
Development and Survivable Societies

−

1,432

−

−

−

Program for Leading Graduate Schools "Graduate
School of Advanced Leadership Studies"

−

2,000

2,000

3,000

500

Building of Consortia for the Development of Human
Resources in Science and Technology (K-CONNEX)

−

−

−

−

7,080

Item

Direct accounting only.

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 ▶
April 2009
April 2010▶
▶

April 2011▶
November 2012 ▶

20

March 2013
April 2013
July 2013
April 2014

▶
▶
▶
▶

July 2015
April 2016▶
▶

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.(for a time period of until March 31, 2016)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 March 31 2022.) Further, the Institute of Sustainability Science is also participating.
The Research Center for Advanced Policy Studies was established in Research Divisions.
A memorial lecture and celebration were held at Shiran Kaikan on the occasion of the Institute s 50th anniversary.
A memorial lecture and celebration were held at the Kyoto University Tokyo Office on the occasion of the Institute s 50th
anniversary.
The earthquake reinforcement of KIER s main wing was completed.
The Administration Office (Letters), Main Campus was established for more efficient and integrated administrative processing.
The Administration Office (Letters), Main Campus went into full-scale operation following the completion of the office relocation.
The new Social Science Unit for Research and Education will be established as a companion unit. (Scheduled for completionon March 31, 2025.)
KIER participated in the launch of the International Research Unit of Advanced Future Studies (IUR-AFS) on July 28, 2015.
The Institute of Sustainability Science transitioned into the Research Unit for Development for Global Sustainability.

Map & AccessMap & Access
n

Ｎ
kum
anbe

Imade

St.

n

Hya

gawa

Ei
za
n

Hyak
u

Li
ne

Kitaoji St.

manbe

Kyoto City Map

The Kyoto University
MuseumFacultyof Letters

Demachiyanagi

St.

Shirakawa St.

Facultyof Economics

hioji

Kyodai
Seimon-mae

Yoshidayama
hill

Keihan Oto Line

Kamo River

Kawaramachi St.

Horikawa St.

Karasuma St.

Kyoto
gyoen

Higa
s

Imadegawa St.

Konoe St.

Marutamachi St.
Subway Tozai Line

FacultyofEngineering

Clock Tower
Higashioji St.

Shichijo St.

Subway Karasuma Line

Gojo St.

KIER

Higashiyama

Faculty of Law

University
Library

Shijo St.

Hankyu Kawaramachi

Hankyu Kyoto Line

Sanjo
KeihanＮ

Kyoto Sta.

■ Yoshida Campus,

Kintetsu Line

Kyodai Seimon-mae

Oike St.

KIER

Hyakumanben

Kyoto University

University
Head Oﬃce

Higashi-Ichijyo St.

Main Gate

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

Kansai International
Airport

JR Kyoto Station

JR Airport Limited Express “Haruka”● JR Train
Kansai International
AirportAbout 70 min.

About 30 min.

JR Osaka Station

JR Express Train“Kankukaisoku”

JR Kyoto Station

JR Express Train“Shinkaisoku”

2）Airport Limousine Bus
Kansai International
AirportAbout 105 min.

JR Kyoto Station

Kansai Airport Limousine Bus

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

● To take the bus: Kyoto City Bus

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

The bus ride will take approx. 30-35 minutes and cost 230 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 University

21

2016-2017

Overview of Institute of
Economic Research
Kyoto University