2014 -2015 Overview of Institute of Economic Research Kyoto University

KIER

2014 -2015 Overview of Institute of
Economic Research
Kyoto University

Kyoto University

Foreword

Foreword
CONTENTS■2014-2015 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
Institute of Sustainability Science (ISS)…………………………………………………………08
Social Science Unit for Research and Education……………………………………………08
ICAM Kyoto Branch …………………………………………………………………………………08
Tokyo Branch …………………………………………………………………………………………08
Social Contribution……………………………………………………………………………………09
KIER Track Records…………………………………………………………………………………16
Library……………………………………………………………………………………………………18
Finances…………………………………………………………………………………………………19
Chronological Table …………………………………………………………………………………20
Map & Access…………………………………………………………………………………………21

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 inthe sphere of applied scientiﬁc aspects of economics, and has gained astrong reputation for its positive progress in policy assessment and policy
recommendations.
KIER conducts prominent research in the ﬁeld of economics at theinternational level, and our mission is to contribute to the further
development of the ﬁeld. Each member of the Institute aims to be apioneer at the front lines of international research, and our research teamworks with the primary goal of leading the ﬁeld. For instance, in terms of
Satoshi Mizobata, Director number of research papers published in international journals per
researcher and the frequency of their citations in various scholarly
Kyoto Institute of Economic Research
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 tothe development of 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

Actual Staﬀ

Organization and Research Staﬀ
KIER
Outside Organization
University of California

Joint Usage / Research Center
ICAM Kyoto Branch

Keio University
Osaka University
The University of Tokyo

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

Inside Organization
Graduate School of Economics
Research Institute for Mathematical Sciences
Graduate School of Science

Social Science Unit for
Research and Education

Classiﬁcation

Economic Information Analysis Divisionb

Research Divisions

Economic Institution Division

Visiting researchers

Strategic Economic Studies Division

Foreign visiting researchers

Finance Research Division

Grant-in-Aid for Specially Promoted ResearchContemporary Economic Analysis Division (Visiting Researchers)

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

Professor

Tadashi SEKIGUCHI

Assistant Prosessor

Chia-hui CHEN

Environment and Public Policy

Professor

Kenn ARIGA

Strategic Market Theoy

Professor

Atsushi KAJII

Assistant Prosessor

Ryuji SANO

Risk Management

Professor

Akihisa SHIBATA

Market Quality

Professor

Makoto YANO

Financial Econometric Analysis

Professor

Yoshihiko NISHIYAMAInternational Financial Economics(Visiting Researchers)

Professor

Shurojit CHATTERJI

Associate Professor

Olga KUPETS

Professor

Yoshio HIGUCHI

Associate Professor

Masako KIMURA

Professor

Tomoyuki NAKAJIMA

Assistant Prosessor

Shuhei TAKAHASHI

Spatial Economics

Professor

Tomoya MORI

Dynamic Economic Systems

Professor

Tadashi SHIGOKA

Professor

Masahiko NAKAZAWA

Associate Professor

Shigeru HIROTA

Associate Professor

Koji ITO

Associate Professor

Junji TOJO

Associate Professor

Masato YODO

Project Professor

Masahisa FUJITA

Project Professor

Kazuo NISHIMURA

Visiting Professor

Ryuhei WAKASUGIProject Associate Professor

Takashi KOMATSUBARA

Section HeadToshikazu SUMII

Section Head

Reiko INOUE

Experimental Economics

Director

Mathematical FinanceContemporary Economic Analysis Division(Visiting Researchers)

Research Center for Economics ofComplex Systems

Complex Economic Systems

Research Center for Advanced Policy Studies

Grant-in-Aid for Specially Promoted Research

Administration Oﬃce
Head

Koji ISHII

General Aﬀairs Section
Library Section

16
1
1
3
21

5
1
1
1
8

Lecturer

Assistant
Professior

Sub-total

3

Administrative
Staﬀ

24
2
2
4
32

3

Total

5

5

29
2
2
4
37

(as of December 2014)

List of Directors

List of Directors

Research Areas

Finance Research Division

Associate
Professor

Research Center for Advanced Policy Studies

Research Divisions

Strategic Economic Studies Division

Total

Professor

Research Center for Economics of Complex Systems

Cooperation

Economic Institution Division

Actual Staff

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(as of December 2014)2

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 and evolution of such systems are assessed from a dynamic
viewpoint. This study is carried out not only from political and historical perspectives but also withtechniques and insights developed in sociology.
The “economic analysis of organizations” involves the analysis of the inner structure of organizations
and the relationship between them. The use of contract theory allows us to deal not only withcorporate organizations but also with legislative bodies and other types of organizations. The validity of
the analysis is assessed in view oftheempirical
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. Theinteraction between theoretical andempirical analysis is an integral
part of this analysis.

4

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 theenvironment, the international 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 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 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 torevitalize the economy and measures to deal
with risks facing the Japanese economy in
the future, while cooperating closely withother 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
an international 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 nameInternational Joint Research Center 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.
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
research internationally. 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 KIERʼsresearch resources regarding themes identiﬁed as important in economics, organizing research groups
represented by researchers outside KIER to publicly solicit and implement intensive joint researchover the course of one year. Many unique research results can be expected to arise through theimplementation 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 basedon the results of this investigation. For FY2014, the following seven projects̶general research projects
included̶were adopted, taking economic crisis and disaster recovery: economic analysis and policy
recommendations as the core theme of the research (i.e., the main research theme).
Titles of the FY2014 Project Research Themes
Main Research Themes

Researcher Names and Aﬃliations“Dynamic General Equilibrium Analysis of the Effects of Japanʼs Fiscal Consolidation on the Macroeconomy”

Real ARAI, Graduate School of Social Sciences, Hiroshima University“The Role of Social Capital in Economic Crisis”

Yuichi MORITA, Graduate School of Economics, Nagoya City University“Analysis of Systemic Risks in Financial Markets and its Policy Implications on the Economic Crisis”

Katsumasa NISHIDE, Graduate School of International Social Sciences, Yokohama National University

General Research Themes

Researcher Names and Aﬃliations“Political Economic Analysis of Public Debt”

Hideki KONISHI, School of Political Science and Economics, Waseda University“Economics of Information”

Shingo ISHIGURO, Graduate School of Economics, Osaka University“Macroeconomic Analysis of Population Change”

Akira MOMOTA, Faculty of Engineering, Information and Systems, University of Tsukuba“Comparative Analysis on Change of Economic Institutions and Polices in the Developed andEmerging Economies after the Global Crisis―Proposals for Avoiding the Reappearance of Crisis”

Takumi HORIBAYASHI, Faculty of Economics and Management, Kanazawa 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 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 Mino
(professor at KIER).

Overview of Institute of Economic Research, Kyoto University 7

Institute of Sustainability Science

Social Contribution

Institute of Sustainability Science

Social Contribution

The Institute of Sustainability Science (under Director Hiroshi Watanabe,
professor at the Institute for Chemical Research) was launched in FY2006 to
establish a ﬁeld of comprehensive next-generation science that uniﬁes and melds
diﬀerent scientiﬁc ﬁelds and opens up a new humanosphere centering on thenatural sciences, in order to create a sustainable society by protecting andnurturing a sustainable human existence and combating crises imperiling it. Fromthe start, the Institute has aimed to link theoretical research regarding speciﬁcsocial problems̶starting with global environment issues̶with speciﬁc solutions
to those problems, such as proposing policies to policy decision-makers.
At KIER, we have cooperated in these research activities from an economic
sciences and policy research perspective, and to further deepen our alliance, wehave been participating as a formal member of the Institute since FY2010.

◆ 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

Social Science Unit for Research and Education

Social Science Unit for Research and Education
In Japan, social science data are stored at scattered locations. Thus, in terms of data accessibility, Japan islagging far behind not only the United States and Europe, but also other Asian counterparts. By establishing
the Social Science Unit for Research and Education, we aim to create an interdisciplinary social science
network called the “Web of HOPES” so as to widely provide already existing data and data that we are
currently gathering to society and to give root to interdisciplinary social science. In particular, using recent
databases, we will create large-scale panel data that track the same households, and by observing the variablesof individual and corporate behaviors, we will be able to achieve a PDCA cycle of evidence-based institutional
design, policy recommendation, and policy evaluation. With the market quality theory at the core, not only
research institutes studying economics, but also those studying law, politics, Asian regional studies, and social
science come together, and present ideas about social infrastructure that supports true prosperity, with theobjective of establishing new economic theories and new social science ﬁelds on a global level.
The unit largely comprises two functions: one to create new data and integrate existing data, and one to build
databases of such data. We particularly envision that the latter function will support our information-related
divisions. We have established a preparatory oﬃce for the unit within KIER, which is currently making
preparations toward starting the unit. Also, we have established a database oﬃce within KIER in order toprepare to create data ahead of the launch of the unit. The unit will be operated under the initiative of KIER
and in cooperation with the Graduate School of Letters, Graduate School of Law, and the Center for Southeast
Asian Studies, which are related divisions. Further, cooperation will be sought from other related divisions
within Kyoto University (e.g., the Graduate School of Informatics, the Academic Center for Computing andMedia Studies, the Institute for Information Management and Communication, and the Kyoto University
Library Network).
The unit will be established in response to “The web of household panel data and evidence-based-policy
studies towards building social infrastructure supporting true prosperity in the post-crisis world,” a projectsubmitted for consideration in the “Roadmap 2014”, which was formulated by the Ministry of Education,
Culture, Sports, Science and Technology to promote large-scale research projects. The unit also intends tosupport institutions outside Kyoto University which engage in the development of social science data and thegathering of large-scale panel data.

ICAM Kyoto Branch

ICAM Kyoto Branch

Fiscal Year
Total Number

2011

2012

2013

13（4）

22（12）

12（6）

20（8）

19
（13）

Number of Previous Workshops
FY

2009

2010

2011

2012

2013

Microeconomics and Game Theoty Workshop

37

32

31

32

28

Econometrics Workshop

15

9

13

16

12

KIER Workshop

3

5

5

2

2

GCOE Workshop

1

1

3

4

−

Contract Theory Workshop

2

2

3

2

2

Urban Economics Workshop

11

11

10

7

11

CAPS Workshop

6

6

2

2

5

Macroeconomics and Economic Systems Workshop

18

16

13

13

14

Joint Usage / Rsearch Center Workshop

−

4

4

3

6

Specially Promoted Research Workshop

−

−

−

13

6

Others

0

2

4

4

0

Total Number

93

88

88

98

86

Main Symposiums Hosted or Jointly Hosted by KIER (15 January 2007 to 24 September 2014)
Title

Guest Speakers

Venue

4th International Conference on Economic Theory

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)

Radisson Miyako Hotel Tokyo

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

2007/2/3〜2007/2/4

Tokyo Branch

2010

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

Date

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 of California. In July 2005, together with Division of Physics Iof the Graduate School of Science, KIER established a Kyoto branch of
ICAM, and started to participate 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.

2009Tokyo Oﬃce at Mita
The Tokyo Oﬃce at Mita was established in Mita, in Tokyoʼs Minato-ku, in September 2008, as a base ofoperations in Tokyo for promoting the Global COE program, Raising Market Quality-Integrated Design of “Market
Infrastructure” together with the Graduate School of Economics, and the Graduate School of Business andCommerce at Keio University. The Oﬃce has been actively working to eﬀectively reﬂect the results of education
and research in the program, and to further contribute to the development of education and research at Kyoto
Institute of Economic Research. It further aims to build a more comprehensive education and research center.
Since the Global COE program ended in March 2013, the oﬃce has been serving as the Tokyo base of operations
for the research project “Complex Dynamic Analysis on Economic Crisis and Social Infrastructure,” (JSPS,
Grant-in-Aid for Specially Promoted Research #23000001), whose research representative is Professor Makoto
Yano.
8Overview of Institute of Economic Research, Kyoto University 9

Date

2008/11/8〜2012/11/9

2008/12/12〜2008/12/13

2008/12/13

Title

Guest Speakers

1st Keio/Kyoto International Conference on
Market Quality Economics

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

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

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

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)

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

Date

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, 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

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

Kyoto University ClockTower Centenniale Holl

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

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)

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)

2010/10/11〜2010/10/14
The Sheraton Vancouver
Wall Centre, British
Columbia, Vancouver

Co-op inn Kyoto
2011/2/4〜2011/2/5
Institute of Economic
Research, Kyoto University

Institute of Economic
Research, Kyoto University

2009/10/17

Contract Theory Workshop

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

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)

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

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)

Institute of Economic
Research, Kyoto University

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

2010/4/7

2011/2/11

2011/2/11〜2011/2/12

2011/2/28〜2011/3/1
2010/5/20

10

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

Venue

Western Economic Association International
85th Annual Conferences

The Westin Miyako Kyoto

2009/3/14〜2009/3/15

Guest Speakers

2010/6/29〜2010/7/3

2010/9/25〜2010/9/26

2010/2/24〜2010/2/25

Title

Overview of Institute of Economic Research, Kyoto University 11

Date

2011/3/11

2011/3/19〜2011/3/20

2011/11/18〜2011/11/20

2011/11/29〜2011/12/1

2011/12/9〜2011/12/10

2012/1/28

12

Title

Guest Speakers

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)

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)

The Chukyo-Kyoto International Conferenceon International Trade and Macroeconomic
Dynamics

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

International Conference "Recent Developmentin the Russian Business Economics"

CAPS Inetrnational Symposium"The International Trend of Tax System"

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)

Venue

Institute of Economic
Research, Kyoto University

Shiran Kaikan Annex,
Kyoto University

Nagoya Urban Institutein Nagoya, Japan

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

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)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)

Title

Guest Speakers

Workshop 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 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

Date

2012/1/28〜2012/1/29

2012/3/16〜2012/3/17

2012/11/15〜2012/11/16
Kyoto University ClockTower Centenniale Holl

Venue

Overview of Institute of Economic Research, Kyoto University 13

Date

2012/12/12〜2012/12/13

2013/1/26〜2013/1/27

2013/2/9

2013/3/14〜2013/3/17

2013/4/8〜2013/4/9

2013/4/28

2013/11/8〜2013/11/9

2013/11/9

14

Title

Yokohama Conference on Empirical Issues ofInternational Trade and Firms

Guest Speakers
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)

Venue

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

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)International Workshop on The Economicand Mathematical Analysis of Security Markets

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)

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)

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)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

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

2014/3/28〜2014/3/29

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

2014/7/19〜2014/7/19

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

2014/2/18

2014/2/27

The Westin Miyako Kyoto

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

Aomori Public University

Venue

Rokkodai Main Building,
Kobe University

2013/12/14〜2013/12/15

Panasonic Auditorium,
Yukawa Memorial Hall,
Kyoto University

Guest Speakers

Institutions, Markets, and Market Quality-IEFS Japan Annual Meeting 2013-2013/12/3

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

Title

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)

The Conference Center,
Paciﬁco Yokohama

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)

International Conference"System Transformation and Labour Motivation
Problems"

Date2014/9/24

Overview of Institute of Economic Research, Kyoto University 15

KIER Track Record◆ Personnel Training

KIER Track Records

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, twelve young researchers have been appointed, and are active as researchers working in
educational and 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.

◆ 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.

Number of Young Researchers (PD) Accepted

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 and Intelligent Informatics
Prize for Publication, Mathematical Society of JapanIJET LionelW. McKenzie Prize for contributions to economic theory
Third Japan Society for the Promotion of Science (JSPS) Prize
Excellent presentation award in 6th Annual Meeting (2007) for The
Japan Association for Research on Testing
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

2009
2009
2010
2010
2010
2012
2012
2013

2004
2005
2006
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
Atsushi Kajii
John Stachurski
Takuya Kimura
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

FY 200922

FY 201016

FY 201112

FY 201215

FY 2013
17

Latest Main Appointments among PD and Student Teachers (FY2003〜)■ Universities：Otaru University of Commerce, Tohoku University, University of Tsukuba, The University ofTokyo, 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 of Commerce, 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, Ryukoku University, Osaka Gakuin
University, Osaka University of Economics, Kansai University, Kinki University, Kwansei Gakuin 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)■ 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.

◆ International Exchange

KIER is widely known as an international research center for economic theory. The International Journalof 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 withoverseas 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

United States of America

Department of Economics, University of North Carolina at Chapel Hill

2009/4/22〜2019/4/21

Helsinki Center of Economic Research

2009/9/8〜2019/9/7

The Institute of Economics, Hungarian Academy of Sciences

2010/3/23〜2015/3/22

Republic of Finland
Hungary

Researchers from Abroad
Fiscal Year

FY 2009

FY 2010

FY 2011

FY 2012FY 2013

Asia

29（2）

12（1）

13（1）

11

35
22（2）

Area

North America

28（1）

14（3）

15

25

South & Central America

0

0

0

0

2

Europe

21（3）

19（4）

18（3）

19（3）

22（3）

Oceania

5（1）

4

1

4

1（1）

Middle East

2

2

3

1

2

Africa

1

0

0

0

0

86（7）

51（8）

50（4）

60（3）

84（6）

Total

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

Library

Finances

Library

Finances

Ever 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 2014, 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.

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

FY 2009

FY 2010

FY 2011

FY 2012FY 2013570,314471,094

514,389

444,151

429,115

Personnel Expenses

432,230

356,796

396,450

347,616

335,838

Cost of Supplies

138,084

114,298

117,939

96,53593,277

Item
University Grants

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.

(Unit / 1,000 Yen)

Breakdown

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

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.

Fiscal Year

(Unit / 1,000 Yen)

FY 2009

FY 2010

FY 2011

FY 2012FY 2013

Number of Grants

14

14

14

13

13

Amount of Grants

33,50035,15079,90097,800118,200

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 2009

FY 2010

FY 2011

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

103,038

79,26064,30366,071

Human Activities and Society Economic Dynamics(with Osaka University)

19,097

14,69014,40015,500

Total

122,135

93,95078,703

81,571

Item

Only direct costs since ﬁscal year 2010.

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

FY 2009

FY 2010

FY 2011

FY 2012FY 2013

Number

2

1

7

4

2

Amount20,800

300

8,600

2,900

1,176

Number

6

6

6

6

7

Amount76,102

54,14639,18647,48147,401

Number

8

7

13

10

9

Amount96,90254,44647,78650,381

48,577

Item

Donations

McKenzie Library

Library
Entrusted
Research Funds

Total

Other Grants-in-Aid, etc.

(Unit / 1,000 Yen)
Fiscal Year

Library

Library

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

41,435No.
Western books Total collection Japanese periodicals Western periodicals ofTotal
periodicals(volumes)(volumes)(types)(types)(types)40,23981,674

2,737

1,242

3,979

（as of March 2014）18

FY 2011

FY 2012FY 2013

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

5,860

12,694

26,424

Inter-Graduate School Program for Sustainable Development andSurvivable Societies

−

1,432

−

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

−

2,000

2,000

Item

Direct accounting only.

Overview of Institute of Economic Research, Kyoto University 19

Chronological Table▶
▶

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 ▶
March 2013
April 2013
July 2013
April 2014

20

▶
▶
▶
▶

nben
kum
a
Konoe St.

Shirakawa St.

March 1993
April 1993

Facultyof Letters

Yoshidayama
hill

▶
▶

Kyodai
Seimon-mae

Subway Tozai Line

Oike St.

Hankyu Kyoto Line

Gojo St.

Shichijo St.

Sanjo
KeihanFacultyof Economics

Faculty of Law

University
Library

KIER

Higashiyama

FacultyofEngineering

Shijo St.

Clock Tower
Higashioji St.

April 1991
October 1992

Keihan Oto Line

▶

KIER

Hyakumanben

Marutamachi St.

Hankyu Kawaramachi

April 1986

Kyoto
gyoen

Subway Karasuma Line

December 1982 ▶
April 1983▶

The Kyoto University
MuseumDemachiyanagi
Kamo River

November 1982 ▶

Horikawa St.

▶
▶
▶
▶
▶

Imadegawa St.
Karasuma St.

April 1976
April 1977
April 1978
April 1979
April 1981

Hya

▶
▶

St.

ben

April 1968
October 1972

Kitaoji St.

Hyak
uman

▶

Kyoto City Map

St.

April 1966

gawa

shio
ji

▶
▶

Imade

Higa

July 1964
May 1965

Ｎ

Kyoto Sta.

■ Yoshida Campus,

Kintetsu Line

Kyoto University

Kyodai Seimon-mae▶

neApril 1964

Ｎ

Li

▶
▶
▶
▶

Map & Accessn

April 1962
May 1962
December 1962
August 1963

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 March 31 2015.) 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.)

Kawaramachi St.

▶

Ei
za

Chronological Table
March 1962

Map & Access

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 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