K I E R

Overview of Institute of Economic Research
Kyoto University

2020 ‑ 2021

京 都 大 学経 済 研 究 所

概 要 ２ ０ ２ ０

２ ０ ２ １

K I E R

京 都 大 学経 済 研 究 所

概 要 ２ ０ ２ ０

２ ０ ２ １

Overview of Institute of Economic Research
Kyoto University

2020 ‑ 2021

CONTENTS
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) ……………………06
Joint Usage / Research center“International Joint Research Center of Advanced Economic Theory” …………………07

Kyoto University Research Coordination AllianceInternational Research Unit of Quantum Information ……………………………………08
Research Unit for Development of Sustainable Society …………………………………08
Data-oriented Area Studies Unit ……………………………………………………………08
International Research Unit of Integrated Complex System Science (IRU-ICSS) …………08
Social Science Unit for Research and Education ………………………………………………09
ICAM Kyoto Branch ………………………………………………………………………………09
Social Contribution ………………………………………………………………………………09
Track Record …………………………………………………………………………………………18
Library ………………………………………………………………………………………………21
On-site Facility for Remote Access to Official Statistical Data ………………………………22
Finances ……………………………………………………………………………………………23
Chronological Table ………………………………………………………………………………24
Map & Access ………………………………………………………………………………………25

Foreword

For close to half a century, the Kyoto Institute of Economic Research (KIER) has been a leader in Japanin the sphere of fundamental scientific economics, with a focus on theoretical economics andeconometrics. Moreover, the Institute has recently increased its emphasis on research in the sphere ofapplied scientific aspects of economics, and has gained a strong reputation for its positive progress inpolicy assessment and policy recommendations.
KIER conducts prominent research in the field of economics at the international level, and our mission
is to contribute to the further development of the field. Each member of the Institute aims to be a pioneerat the front 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 and the frequency of their citations in various scholarly publications, KIER, when ranked
together with other economic institutes and the Graduate School of Economics (Faculty of Economics),
maintains one of the top positions among domestic academic institutions specializing in economics. The
Yoshihiko Nishiyama, Director
Institute has significantly contributed to the development of economic sciences at the international level.
Kyoto
Institute of Economic Research
KIER has managed to keep its position as the most prominent center for economic research in Japan
from its establishment 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 to implement reforms under
this model. Based on these, Institute researchers began sending their papers to researchers 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. Institute Researchers 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 inJapanʼs economic sciences community of the late 1960s. As we have created and developed our own research-oriented culture, KIER has
become a highly honored Mecca of economic theory and econometrics.
Socioeconomic, research, and educational environments are constantly changing, and our Institute is evolving in three major directions. The
first is in its contribution to the development of economic sciences through joint research and joint usage projects. In 2010, KIER was approvedby 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 the name
“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 thatemphasizes the importance of connecting real economic processes and theoretical research, a stance that has led KIER to contribute to thedevelopment of applied scientific studies. The Research Center for Advanced Policy was established in 2005, and is currently in its third termof operation. With the cooperation of the six academic researchers from the central ministries and agencies it has hired for fixed-term
appointments, KIER has been raising the level of policy studies and actively 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 contribute towards editing International journals.
KIER also considers education to be an important part of its mission and actively participates in educating graduate school students andyoung researchers. Professors from our Institute teach at the Graduate School of Economics, and KIER also accepts special researchers from theJapan 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 scholars 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 and the shock to the highly systematic modern economy
caused by the spread of Covid-19 infection pose new challenges to the whole field of economics. Nowadays, when both competitiveness andresearch capability of the Japanese society 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 and educational styles, and our new
directions will allow KIER to become a good means in tackling the contemporary 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 as a 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 2020 – 2021

1

Organization and Research Staff

Outside Organization

Joint Usage / Research Center

University of California

Kyoto University
Research Coordination Alliance

Keio University

International Research Unit of
Quantum Information

K

I

E

R

Economic Information Analysis Division
Economic Institution Division

Osaka University

Research Unit for Development of
Sustainable Society

The University of Tokyo

Data-oriented Area Studies Unit

Strategic Economic Studies DivisionInternational Research Unit ofIntegrated Complex System Science(IRU-ICSS)

Finance Research Division

Inside Organization
Graduate School of Economics
Research Institute forMathematical Sciences
Graduate School of Science

Social Science Unit for
Research and Education
ICAM Kyoto BranchContemporary Economic Analysis Division(Visiting Researchers)
Research Center for Economics ofComplex Systems
Research Center for Advanced Policy Studies

Cooperation

Director

Research Divisions

Research Areas

Research Staffs

Economic Information Analysis Division

Macroeconometric Analysis

Professor

Hiroshi TERUYAMA

Microeconometric Analysis

Professor

Takashi UNAYAMA

Economic Analysis of Institutions

Professor

Satoshi MIZOBATA

Economic Analysis of Organizations

Professor

Chiaki HARA

Professor

Tadashi SEKIGUCHI

Associate Professor

Jonathan NEWTON

Associate Professor

Chia-hui CHEN

Assistant Professor

Hitoshi SADAKANEProfessor

Akihisa SHIBATA

Professor

Yoshihiko NISHIYAMA

Experimental Economics
Economic Institution DivisionInternational Trade and Economic Grouith
Strategic Economic Studies DivisionGame Theory

Environment and Public Policy
Strategic Market Theoy
Finance Research Division

Mathematical FinanceRisk Management
Market Quality
Financial Econometric Analysis

Associate Professor

Shin KANAYA

Associate Professor

Makoto WATANABE

Contemporary Economic Analysis Division

Professor

Shigeru HIROTA(Visiting Researchers)

Associate Professor

Takuma KOBAYASHI

Professor

Tomoya MORIInternational Financial Economics(Visiting Researchers)

Research Center for Economics of

Spatial Economics

Complex Systems

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Kyoto Institute of Economic Research, Kyoto University [KIER]

Assistant Professor

Minoru OSAWA

Nonlinear Economic Dynamics

Professor

Tadashi SHIGOKA

Quantitative Macroeconomics

Associate Professor

Shuhei TAKAHASHI

Research Divisions

Research Areas

Research Staffs

Director Research Center for
Advanced Policy Studies

Project Researchers

Administration Office
Head Tsutomu BABA

Associate Professor

Yoshihiro SEKINE

Associate Professor

Takashi HATTORI

Associate Professor

Daisuke NAGAMACHI

Associate Professor

Norihiro KOMURA

Associate Professor

Nobuhiko SHIMIZU

Project Professor

Masahisa FUJITA

Project Professor

Kazuo NISHIMURA

Project Professor

Kazuo MINO

Project Professor

Makoto YANO

General Affairs Section

Section Head

Shinji MATSUYAMA

Library Section

Section Head

Yoko YOSHIOKA(as of September 2020)

Actual Staff
Classification

Professor

Associate Professor

Lecturer

Assistant Professior

Sub-total

Administrative Staff

Total

Research Divisions

9

9

ー

2

20

6

26

Visiting researchers

1

1

ー

ー

2

ー

2

Foreign visiting researchers

ー

1

ー

ー

1

ー

1

Other Grant-in-Aid, etc.

4

ー

ー

ー

4

ー

4

Total

14

11

ー

2

27

6

33
(as of September 2020)

List of Directors

List of Professors Emeriti

Directors

TermProfessor Emeriti

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

1962. 4. 1 ~ 1966. 3. 31
1966. 4. 1 ~ 1971. 11. 30
1971. 12. 1 ~ 1974. 3. 31
1974. 4. 1 ~ 1974. 7. 15
1974. 7. 16 ~ 1978. 7. 15
1978. 7. 16 ~ 1980. 2. 8
1980. 2. 8 ~ 1980. 3. 31
1980. 4. 1 ~ 1983. 4. 1
1983. 4. 2 ~ 1986. 3. 31
1986. 4. 1 ~ 1986. 10. 27
1986. 10. 27 ~ 1986. 12. 31
1987. 1. 1 ~ 1988. 3. 31
1988. 4. 1 ~ 1990. 3. 31
1990. 4. 1 ~ 1994. 3. 31
1994. 4. 1 ~ 1995. 3. 31
1995. 4. 1 ~ 1999. 3. 31
1999. 4. 1 ~ 2001. 3. 31
2001. 4. 1 ~ 2006. 3. 31
2006. 4. 1 ~ 2010. 3. 31
2010. 4. 1 ~ 2012. 3. 31
2012. 4. 1 ~ 2016. 3. 31
2016. 4. 1 ~ 2016. 12. 31
2017. 1. 1 ~ 2020. 3. 31
2020. 4. 1 ~Seijiro KISHIMOTO
Hideo AOYAMA
Hisao ONOE
Yoshikazu MIYAZAKI
Fumiko SEO
Syoshichi SUGIMOTO
Chikashi MORIGUCHI
Takao FUKUCHI
Masahiko AOKITakamitsu SAWA
Kazuyoshi UEHARA
Akio SAKAI
Masahisa FUJITA
Tsuneo TSUKATANI
Kazuo NISHIMURA
Ryuhei WAKASUGIHaruo IMAI
Kazuo MINO
Kenn ARIGA
Makoto YANO
Atsushi KAJII
Hiroshi OSANO

Date of the title conferred
1966.
1973.
1986.
1990.
1993.
1996.
1997.
1997.
2001.
2006.
2007.
2007.
2007.
2008.
2010.
2012.
2015.
2015.
2016.
2018.
2020.
2020.

4. 2
4. 2
4. 1
1. 23
4. 1
4. 1
3. 4
3. 4
3. 6
4. 1
4. 1
4. 1
4. 1
4. 1
4. 1
4. 1
4. 1
4. 1
4. 1
4. 1
2. 18
4. 1

Overview of Institute of Economic Research, Kyoto University 2020 – 2021

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Research Divisions and Centers

Economic Information Analysis DivisionThis division, comprehensively viewing the theory and application of econometric analysis and experimental economics as economic information
analysis, aims to contribute to the development of the research 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 statistically analyze economic activity, tries to elucidate
behavioral principles of economic agents and economic laws of 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 in quantitative form. Further, efforts atcreating panel data by means of questionnaire surveys, etc., will grow even more important in the future. The objective of “microeconometricresearch section” is to contribute to the development of microeconometrics by fusing econometric theory with the applied microeconomic areas
such as the labor economics, consumer behavior, corporate finance, and industrial organization.
At the same time, the analysis of macroeconomic data using time-series analysis techniques and computer-based numerical simulation
techniques forms the core of the empirical analysis used in modern macroeconomics. The objective of “macroeconometric research section” is, inorder to realize the further development of these cutting-edge fields of macroeconometrics, to promote the coordination of econometric theory
centering on time-series analysis techniques, economic model analysis techniques based on numerical calculation (computational economics),
and the theoretical and empirical analysis in macroeconomics.
There have also, in recent years, been remarkable advances in the experimental methods used in economics. 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 particularlyinterested 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 the empirical and theoretical analysis of themarket 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 empiricallyassess our findings and compare them with results in law, management, biology, and other related fields.

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Kyoto Institute of Economic Research, Kyoto University [KIER]

Strategic Economic Studies DivisionThis division bases its studies on the economic agents’ strategic behavior, which plays an important role in advanced economic theory, andaims to promote and disseminate state-of-the-art theoretical research and its applications to various contexts. Established in 2009, this divisionalso inherits the research program of the former Public Policy Division and undertakes research which connects the results of theoretical analysis
to policy planning. In order to conduct strategic analysis of the economy from perspectives of theory, application, and policy implications, thisdivision currently covers the area of “game theory”, which comprehensively studies the individual and group-level decision-making under settings
with dynamics, imperfect information, and so on.
The area “game theory” further develops the game-theoretical methodology that is at the core of the strategic analysis of the economy, byincorporating cutting-edge issues which involves dynamics, imperfect information, and incomplete information. The subject of research includes
theory of cooperation under long-run relationships with general information structure, analysis of individual and collective decision-making thathighlights the role of learning and evolution, the problems of signaling and screening under dynamic environments, and study of strategic
information transmission under various communication procedures. The area also covers 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 and the 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 Finance that provide thefoundation regarding them. With this in mind, it is evident that Financial Engineering and 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
in the field for 10 years. In order to expand the functions of the center as a base for Financial Engineering and finance research and education whichwere 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 global financial crisis and the coronavirus recession, the optimal risk
management in markets and the roles of infrastructure, institutions, convention and ethics to improve the market quality as well as behavioral
finance theory in order to contend with a wider range of problems at higher levels than ever before. In addition, it seeks to analyze the factors
involved in the economic crises as well as the measures needed to prevent their re-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 with other Divisions
at the Kyoto Institute of Economic Research.

Overview of Institute of Economic Research, Kyoto University 2020 – 2021

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Research Divisions and Centers

Research Center for Economics of Complex Systems
The application of the science of complex systems to economics advanced
SpatialEconometrics
greatly in the 1990s. Within this discipline, our institute has achieved great successEconomics
in the fields of nonlinear economic dynamics and spatial economics. Between
Endogenous
Growth1997 and 2003, we received Grants-in-Aid for Scientific Research in relation to the
MacroInternational
Economics ofDynamics
formation of a center for the economics of complex systems. During this period,
TradeComplex
Systems
through interdisciplinary and international conferences as well as international
Strategic
Dynamic
BehaviourGamejoint researches, our institute played the role of an international center of thisExperimental
Economics
field. The purpose of the establishment of this center is to ensure a permanent
research base for the economics of complex systems.
Biology
The Research Center for Economics of Complex Systems started by focusing
on two research areas, “spatial economics” and “economic dynamics”, and included later “quantitative macroeconomics” as its new research area toreflect the recent development of economics. The objective of the “economics of complex systems” is to elucidate, in a unified way, strategicinterdependent relationships, spatiotemporal pattern formations, and macroeconomic fluctuation phenomena.
“Spatial economics” develops theories and conduct empirical analyses on the mechanism of economic agglomerations such as industrial
clustering, city formation and transport network formation, whose spatial patterns often provide typical examples of self-organizations leading to
the emergence of orders.
“Nonlinear economic dynamics” treats as research objects a large class of dynamic general equilibrium models such as multisector growthmodels by appealing to the bifurcation theory of dynamical systems and the theory of stochastic processes, and analyzes the conditions underwhich phenomena such as nonlinear oscillations of equilibrium, indeterminacy of equilibrium, and sunspot equilibrium arise from these models.
“Quantitative macroeconomics” studies economic growth, business cycle fluctuations, fiscal and monetary policy, and related issues by using
dynamic general equilibrium models parameterized based on micro-level and macro-level data.

Research Center for Advanced Policy Studies
The Research Center for Advanced Policy Studies (abbreviated to CAPS) is an organization whose purpose is to carry out analytical research topropose concrete images of policies and to disseminate the results to society, utilizing the abundant research resources of Kyoto University andcollaborating with policy-related institutions based on leading theory and empirical analysis of economics.
CAPS, established in July 2005 as part of KIER, has been working on evidence-based policy research by making full use of the knowledge andresearch network of advanced theories and empirical research of KIER. This center has become an interactive educational institution where faculty
members themselves study and engage in policy research, for their Ph.D. degree, while at the same time educating in undergraduate and graduate
schools. From 2017, the center organized steering committee by cooperating with Kyoto University as a whole.
After the 1st and 2nd period, each of six years, CAPS is currently in the fourth year activity of the 3rd period (FY2017-2022). This center CAPS
comprises of five professors with fixed term appointment, hereinafter referred to as non-tenured professors, and two tenured professors (the center
director and vice-director; KIER position held concurrently) responsible for the operation of the center. Non-tenured professors are dispatched fromgovernment departments (Ministry of Finance, Ministry of Economy, Trade and Industry, Ministry of the Environment and Ministry of Land,
Infrastructure, Transport and Tourism, Ministry of Education, Culture, Sports, Science and Technology).
By investigating the efficacy of the techniques and theory pertaining to advanced economic analysis, which is KIER’s main research area, andquickly 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 and academic institutions, aswell as between government departments, to realize a reciprocal flow of human resources between the policy-related institutions and the academic
world, and to foster both theoretical and empirical policy research.
These studies play a pioneering the basis of policy-making based on statistical evidences, and their results have been reported not only innumerous books and papers, but also at academic conferences. They have been disseminated to the world and highly evaluated. Some of the faculty
members, who produced outstanding research results, have been awarded doctoral degrees. They move back to government offices and have beenworking in the field of policy practice. This indicates the uniqueness of the research activity of this center. Can be said to be a thing. In addition, thecenter faculty members provides lectures to the graduate school students who are interested in policy at Kyoto University, about policy
implementation and practice based on their own experiences at government offices.
In its third period (2017-2022), CAPS has actively promoted evidence-based policy making project “Interdisciplinary Research of Human and Social
Sciences for Establishing Evidence-based Society and Education of Highly Advanced Researchers: From Needs to Seeds” and has collaborated withCenter for Genomic Medicine, Kyoto University Graduate School of Medicine, for establishing the comprehensive human sciences panel data.

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 powerfulsupport for research. Its studies center on the theoretical and empirical research of the current problems of the Japanese economy. The topics ofthese studies change every year.

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Kyoto Institute of Economic Research, Kyoto University [KIER]

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 researchingadvanced economic theory. In view of its activity in this area, KIER received MEXT approval in FY2010 as the Joint Usage / Research Center under thename International Joint Research Center of advanced economic theory, based on the medium-term objective of furthering research in two fields ofadvanced 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 dateas research resources to further international joint research into advanced economic theory, and is working to train researchers involved ineconomic theory research internationally. The center is managed by the Joint Research / Usage Center’ s Advisory Committee, comprising ten
members-five members from within KIER and five extramural members representing the researcher community.
Open project research is positioned at the heart of the center’ s operations. This work uses KIER’ s research resources regarding themes
identified as important in economics, organizing research groups represented by researchers outside KIER to publicly solicit and implement
intensive joint research over the course one year. Many unique research results can be expected to arise through the implementation of theseprojects.
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 this investigation. For FY2020, the following 16 projects general research projects included-were adapted, taking“economic analysis of international relations” as the core them of the research project (i.e., the main research them).

Titles of the FY 2020 Project Research Themes
Main Research themes

Researcher Names and Affiliations

Uncertainty and the International Economy

Keita KAMEI : Department of Economics, Seinan Gakuin University

General Research Themes

Researcher Names and Affiliations

A Unifying Approach to Various Decision Problems: Preference for Flexibility,
Indecisiveness, and Ambiguity

Nobuo KOIDA : Faculty of Policy Studies, Iwate Prefectural University

Theoretical and Quantitative Analysis of Dynamic Macroeconomics

Ryoji OHDOI : School of Engineering, Tokyo Institute of Technology

Theoretical and Empirical Study on Financial Systemic Risk under Model Uncertainty

Toshiki HONDA : Graduate School of Business Administration, Hitotsubashi University

Information, Organization, and International Politics

Saori CHIBA : Faculty of Economics, Kyoto Sangyo University

Frontiers of Macroeconomics

Takayuki TSURUGA : Institute of Social and Economic Research, Osaka University

A Study on FDI and Transaction Costs: Focusing on the Role of Lingua Franca

Masahiro TOKUNAGA : Faculty of Business and Commerce, Kansai University

Comparison Study on Corporate Management Systems Between China and Eastern
EuropeXinxin MA : Faculty of Social Science, University of Toyama

International comparison on Gender problems within a firm in Transition Economies

Mihoko SATOGAMI : Faculty of Business Administration, Soka University

Micro-data analysis on productivity improvement effect of SMEs by policy support

Yoshinori KAWASAKI : The Institute of Statistical Mathematics

A theoretical study on the formation trade-based economic regions and theemergence of regularities in the city population and industrial structure in a
many-industry-many-region economy

Yuki TAKAYAMA : Faculty of Geosciences and civil Engineering, Institute of Science andEngineering, Kanazawa University

On the Public-Private Mix and Distributive Impacts of Social Expenditures in OECD
countries

Hideki KONISHI : School of Political Science and Economics, Waseda University

Culture, tastes, and market integration: Causal effects of taste similarity on the
degree of market integration

Jens WRONA : Mercator School of Management, University of Duisburg-Essen

Developing Specification Tests Using Minimax Approach

Masamune IWASAWA : Department of Economics, Otaru University of Commerce

Integrated analyses of human socio-economic behavior using biomedical and social
science data

Shigeru HIROTA : Faculty of Economics, Kyoto Sangyo University

Research on Effects of Sustainable fiscal and tax system on Japanese Economy with
Microdata and Dynamic General Equilibrium Models

Real ARAI : Department of Economics, Aichi 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 Center’ s activities and information
sharing is supported by the the Joint Usage / Research Center’ s Support Office.

Overview of Institute of Economic Research, Kyoto University 2020 – 2021

7

Kyoto University Research Coordination Alliance
Kyoto University Research Coordination Alliance is mainly composed of Institutes and Centers of Kyoto University. It strengthens thecoordination through publication of information including study results, joint operation and procurement of large-scale equipment, appropriate
and unified management of internal sources and their focused distribution to common issues. It also deals with the reinforcement and globalizationof the research power of the University, including the graduate schools and faculties, by supporting the efforts for creation of new areas throughfusion of different areas of study.
Research Units for Exploring Future Horizons represent one of important activities of the Research Coordination Alliance, and function to try
bottom-up creation of new academic areas based on varied academic areas of Institutes and Centers. Four research units are established. KIER
participate in the following three units.

International Research Unit of Quantum Information (IRU-QI)The International Research Unit of Quantum Information was established on April 1, 2020 in collaboration of 10 Kyoto University researchorganizations and is operated by the Yukawa Institute for Theoretical Physics (YITP).
Its vision is to connect various researchers in Kyoto University related to quantum information. IRU-QI leverages its international research
networks with many global guest faculties to promote its research. The Unit Leader is Prof. Sinya Aoki, the director of Yukawa Institute for
Theoretical Physics.

Research Unit for Development of Sustainable Society
The Research Unit for Development of Sustainable Society was established in April 2020 as a successor to the Research Unit for Development of
Global Sustainability that completed its research activity in March 2020.
The Unit is conducting interdisciplinary research and elucidating policy recommendations for the implementation of a sustainable society. In
particular, the Unit aims to devise strategies for the development of a sustainable society and its energy-recycling system along with the provisionof basic life infrastructure, as well as the design of resilient systems capable of ensuring human security and survivability. The Unit leader is Professor
Konishi Satoshi from the Institute of Advanced Energy, Kyoto University. KIER is participating in this Research Unit to support economic and policy
research studies.

Data-oriented Area Studies Unit
The Data-oriented Area Studies Unit was established to develop comprehensive area studies research based on data science that aims torenovate the understanding of contemporary social problems. The Unit aims to achieve this goal by integrating area studies that apply versatilescientific methodologies and conduct comprehensive research of different regions utilizing existing information science on the effectiveness ofthese methodologies based on recent developments in data science. Varying scientific approaches of the above-mentioned disciplines are utilized
to conduct this research.
The Unit is elaborating research outcomes of the former Unit of Academic Knowledge Integration Studies which had been promoting thesharing and integration of area informatics via digitalization of knowledge in order to further research policy effectiveness, risk evaluation andsimulation studies for the development of political, economic and social systems in Japan, Asia and the Pacific Region. Researchers from natural,
human and social sciences actively participate in joint research projects and scientific discussions in the Unit.
The Unit leader is Professor Mieno Fumiharu from the Center for Southeast Asian Studies, Kyoto University.

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 microelements to macro human social economic phenomena. In order to draw out human resources that can develop further research and solve theincreasingly 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).

8

Kyoto Institute of Economic Research, Kyoto University [KIER]

Social Science Unit for Research and Education
For the development of social science in Japan, it is indispensable to secure a position where not only theoretical research but also the level of
empirical research attracts worldwide attention. In order for this purpose, it is essential to develop human resources who can conduct both theory
and evidence-based research.
This project intends to help promote an evidence-based society in collaboration with medical schools and other natural science departments aswell 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 human sciencesthat 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 departmentsthat comprise the unit and with data-building hubs on and off campus in creating panel data and big data that capture personal traits and social
structures in fields ranging from social science to life science. Specifically, the unit has collaborated with Center for Genomic Medicine, Kyoto
University Graduate School of Medicine, for establishing the comprehensive human sciences panel data. 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 2020, we will recruit graduate students who are interested in evidence-based human science from the departments thatcomprise the unit. These students will deepen understanding of evidence-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. Professor Yoshihiko Nishiyama (KIER) served as the head of the unit.

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 of California. In July 2005, together with Division of Physics I of
the Graduate School of Science, KIER established a Kyoto branch of ICAM, and started to participate in its
activities. Project Professor Kazuo Nishimura of KIER serves as representatives of the ICAM Kyoto Branch.

Social Contribution
Symposiums and Seminars
Lectures and symposiums for adults and students are held periodically, and themes centering on the introduction of economic frontiers andexplanations of economic problems that are of great social concern are raised. The economic research symposiums that are hosted every year haverecently 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 to junior high and high school students to attend public lectures as the audience.

Number of Previous Workshops and Symposiums
Fiscal Year

2015

2016

2017

2018

2019

Total Number

16(9)

15(8)

19(9)

19(7)

14(4)

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

Number of Previous Workshops
FY
Microeconomics and Game Theoty Workshop
Econometrics Workshop
KIER Workshop
Contract Theory Workshop
Urban Economics Workshop
CAPS Workshop
Macroeconomics and Economic Systems Workshop
Joint Usage / Rsearch Center Workshop
Specially Promoted Research Workshop
OthersTotal Number

2015

2016

2017

2018

2019

37
11
3
1
11
13
19
10
17
5
127

39
12
5
3
7
12
30
3
−
10
121

40
9
4
1
9
5
26
8
−
3
105

37
5
−
1
8
8
10
5
−
1
75

30
4
−
1
10
10
29
4
−
7
95

Overview of Institute of Economic Research, Kyoto University 2020 – 20219Social Contribution
Main Symposiums Hosted or Jointly Hosted by KIER (5 April 2012 to 20 March 2020)
Date

Title

Guest Speakers

Venue

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
7/31~8/1

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 Univ.)
Yuka Ohno (Hokkaido Univ.)
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
Anniversary of the Kyoto University
Institute of Economic Research(KIER) Conference on Market Quality"Youngsub Chun (Seoul National University, Korea)
Tadashi 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

2012
11/15~16

Kyoto Conference on EMPLOYMENTADJUSTMENT IN RESPONSE TO
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
Clock Tower
Centenniale Holl2012
12/12~13

Yokohama Conference on Empirical
Issues of International Trade andFirms

Lee Branstetter (Carnegie Mellon University / Former Senior Economist ofInternational 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 Yokohama

10 Kyoto Institute of Economic Research, Kyoto University [KIER]

Date

Title

Guest Speakers

Venue

2013
1/26~27

International Conference“System Transformation andLabour 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)

2013/2/9

International Workshop on The
Economic and 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

2013
3/14~17

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

2013
4/8~9

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

2013/4/28

Science Education in Kyoto-The Grobal Partnership on
Science Education ThroughEngagement 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
11/8~9International 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)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

Aomori Public
University (9th)Overview of Institute of Economic Research, Kyoto University 2020 – 2021 11

Social Contribution

Date

Title

Guest Speakers

Venue

2013/12/3

Institutions, Markets, andMarket 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

2013
12/14~15

International Conference“International Comparison on
Variety of Capitalism andWork 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
Clock Tower
Centenniale Holl

2014/2/18

SSK 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

2014/2/27

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 andEconomic 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

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
3/5~6

12 Kyoto Institute of Economic Research, Kyoto University [KIER]

Date

Title

Guest Speakers

Venue

2014
3/28~29

International Conference on
Portfolio Selection andAsset 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
Clock Tower
Centenniale Holl

2014/7/19

International Conference on“Comparative Analysis ofBusiness and 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
Clock Tower
Centenniale Holl

2014/9/24

Rokkodai Main Building,Second Conference on Institutions, Yan Ma (Kobe University)
Takashi Komatsubara (Kyoto University)
Kobe University
Markets, and Market Quality–IEFS Japan Annual Meeting 2014- 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)

2015
5/21~22

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）
Takashi Komatsubara（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)"

Shiran Kaikan
Yamauchi Hall,
Kyoto University

2015/8/28

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

Overview of Institute of Economic Research, Kyoto University 2020 – 2021 13

Social Contribution

Date

Title

Guest Speakers

Venue

2015/11/29

International Symposium“Economic Transition andIncome 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

2015/12/5

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

2016
2/5~6

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)2016
2/23~24

International Conference“Diversity of Institutional Settingsand Path-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

2016
3/8~/9International Conference on
Financial Risks andTheir 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

14 Kyoto Institute of Economic Research, Kyoto University [KIER]

Date

Title

Guest Speakers

Venue

2016/3/9

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 Kočenda (Charles University, Czech Republic)

Institute of Economic
Research,
Kyoto University

2016
8/6~10The 2016 Summer School of
the Econometric Society in Kyoto

Atsushi Kajii (Kyoto University)
Ariel Rubinstein (Tel Aviv University, Israel)
In-Koo Cho (University of Illinois, USA)
Efe A. Ok (New York University, USA)

Research Building No.2,
Kyoto University

2016
8/27~28

International Conference on
Financial Risks and Uncertainties

Nan Chen (The Chinese University of Hong Kong, China)
Hitoshi Hayakawa (Hokkaido University)
Sebastian Jaimungal (University of Toronto, Canada)
Lingfei Li (The Chinese University of Hong Kong, China)
Tomonori Nakatsu (Ritsumeikan University)
Christopher Ting (Singapore Management University, Singapore)
Kazutoshi Yamazaki (Kansai University)
Kazuhiro Yasuda (Hosei University)

Hotel Oacity Kyowa in
Miyakojima, Okinawa

2016/11/22

Hitotsubashi Decision Theory
Workshop

Todd Sarver (Duke University, USA)
Daisuke Nakajima (Otaru University of Commerce)
Philipp Sadowski (Duke University, USA)David Ahn (University of California, Berkeley, USA)
Asen Kochov (University of Rochester, USA)David Dillenberger (University of Pennsylvania, USA)

Mercury Tower,
Hitotsubashi University

2017
6/17~18

International Conference on Financial
Risks and Uncertainties 2017

Hyun Jin Jang Ulsan (National Institute of Science and Technology, USA)
Tomonori Nakatsu (Ritsumeikan University)
Christopher Ting (Singapore Management University, Singapore)
Yuan Tian (Ryukoku University)
Nan Chen (The Chinese University of Hong Kong, China)
Rusudan Kevkhishvili (Kyoto University)
Kit Pong Wong (University of Hong Kong, China)

Ohama Nobumoto
memorial hall in
Ishigakijima, Okinawa

2017/6/22

International Conference“Institutional Changes and Qualityof Economic Growth in China”

Kai KAJITANI (Kobe University)
Takuma KOBAYASHI (Matsuyama University)
Tian ZHU (China Europe International Business School, China)
Yang YAO (Peking University, China)

Institute of Economic
Research,
Kyoto University

2017
8/29~30

TMU Workshop on Finance 2017

Sebastian Jaimungal (University of Toronto, Canada)
Michael Tehranchi (University of Cambridge, UK)
Hoi Ying Wong (Chinese University of Hong Kong, China)
Kit Pong Wong (University of Hong Kong, China)

Marunouchi Satellite
Campus,Tokyo Metropolitan
University / TMU

2017
12/8~10

Kyoto International Conference and
EACES - Asia Workshop“The Future of Transition Economics:
Emerging Multinationals and
The Historical Perspective”

Kalman Kalotay (UNCTAD)
Sass Magdolna (Hungarian Academy of Sciences, Hungary)
Xuanli Xie (Peking University, China)
Zoia Podoba (Saint-Petersburg State University, Russia)
Satoshi Mizobata (Kyoto University)
Jehoon Park (Incheon National University, Korea)
Sergei V. Zhuravlev (Institute of Russian History, RAN, Russia)
Byung-Yeon Kim (Seoul National University, Korea)
Wuyue You (Central University of Finance and Economics, China)
Ichiro Iwasaki (Hitotsubashi University)
Irina Denisova (NES, Russia)
Hiroaki Hayashi (Ristumeikan University)

Institute of Economic
Research,
Kyoto University (8th)Shirankaikan Annex,
kyoto University (9-10th)

Overview of Institute of Economic Research, Kyoto University 2020 – 2021 15

Social Contribution

Date

Title

Guest Speakers

Venue

2018
3/8~9

Conference on Institutions,Markets, and Market Quality

Makoto Yano (Kyoto University)
Youngsub Chun (Seoul National University, Korea)
Takayuki Oishi (Meisei University)
Yuichi Furukawa (Chukyo University)
Yu Awaya (University of Rochester, USA)
Yoichi Sugita (Hitotsubashi University)
Atsumasa Kondo (Shiga University)
Takakazu Honryo (University of Mannheim, Germany)
Taiji Furusawa (Hitotsubashi University)
Harrison Cheng (University of Southern California, USA)
Krishnendu Dastidar (Jawaharlal Nehru University, India)
Fumihiko Matsuda (Kyoto University)
Shigeru Hirota (Cabinet Office, Government of Japan)
Saul Estrin (London School of Economics, UK)
Satoshi Mizobata (Kyoto University)
Jeff Nugent (University of Southern California, USA)
Kazuo Nishimura (Kobe University)
Takashi Kamihigashi (Kobe University)
Eden S. H. Yu (Chu Hai College of Higher Education, Hong Kong)
Ma Yan (Kobe University)
Rui Ota (Yokohama City University)
Yuya Takahashi (Johns Hopkins University, USA)

Yamauchi Hall of
Shiran Kaikan,
Kyoto University

2018/3/12

International Conference on
Advanced Research on
the International Politics andEconomics:EU, Russia and China

Du Jin (Takushoku University)
Zhikai Wang (Zhejiang University, China)
Steven Rosefielde (The University of North Carolina, USA)
Kumiko Haba (Aoyama Gakuin University)
Masahiko Yoshii (Kobe University)
Victor Gorshkov (Kaichi International University)

Institute of Economic
Research,
Kyoto University

2018/3/21

Kyoto Special Seminar on
Emerging Multinationals

Andrei Panibratov (Saint Petersburg State University, Russia)
Victor Gorshkov (Kaichi International University)
Yumiko Nakahara (Kyushu Sangyo University)
Takuma Kobayashi (Matsuyama University)
Satoshi Mizobata (Kyoto University)
Olga Bobrova (Saint Petersburg State University of Economics, Russia)

Institute of Economic
Research,
Kyoto University

2018/6/25

Kyoto Special Conference on
Economic Institutions

Geoffrey Wood (University of Essex, UK)
Shabneez Bhankaraully (Alliance Manchester Business School, UK)
Gerhard Schnyder (Loughborough University , UK)
Douglas B. Fuller (Zhejiang University, China)
Yuanyuan Gong (Okayama University)
Jennifer Johns (University of Liverpool, UK)
Matthew Allen (Alliance Manchester Business School, UK)

Institute of Economic
Research,
Kyoto University

2018/11/7

Advanced Study on
Transition Economics
and Comparative Economics

Ichiro Iwasaki (Hitotsubashi University)
Evzen Kocenda (Charles University, Czech)
Satoshi Mizobata (Kyoto University)
Byung-Yeon Kim (Seoul National University, Korea)
Vasiliy A. Anikin(National Research University Higher School of Economics, Russia)
Takuma Kobayashi (Matsuyama University)
Xinxin Ma (Hitotsubashi University)
Kazuho Yokogawa (Kanagawa University)

Institute of Economic
Research,
Kyoto University

16 Kyoto Institute of Economic Research, Kyoto University [KIER]

Date

Title

Guest Speakers

Venue

2019
1/25~27

Kyoto International Conference
Civil Society, Firms, andGovernment in Post-Transition
and Emerging Economies

Hiroaki Hayashi (Ritsumeikan University)
Institute of Economic
Erdenebat Bataa (National University of Mongolia, Mongolia)
Research,
YangYao (Peking University, China)
Kyoto University
Geoffrey Wood (University of Essex, UK)
Julia Lezhnina (National Research University Higher School of Economics, Russia)
Vasily Anikin (National Research University Higher School of Economics, Russia)
Kazuho Yokogawa (Kanagawa University)
Katsumi Fujiwara (Osaka University)
Mihoko Satogami (Kyoto University)
Victor Gorshkov (Kaichi International University)
Tomoyo Toyota (The University of Shimane)
Horinori Fushita (The Japan Institute of International Affairs)
Xuanli Xie (Peking University, China)
DanDan Zhang (Peking University, China)
Keiji Natsume (Aichi Toho University)
Yumiko Nakahara (Kyushu Sangyo University)
Takuma Kobayashi (Matsuyama University)2019
2/19~20

Workshop on Financial Risks
and Their Management

Nan Chen (The Chinese University of Hong Kong, China)
Larry G. Epstein (Boston University, USA)
Sebastian Gryglewicz (Erasmus University Rotterdam, The Netherlands)
Hyeng Keun Koo (Ajou University, Korea)
Yong Hyun Shin (Sookmyung Women's University, Korea)
Tak-Yuen Wong (Shanghai University of Finance and Economics, China)

Ryukoku University,
Wagenkan

2019/3/5

Workshop on Recent Developments
in Econometric Theory and
Its Applications 2019

Rusudan Kevkhishvili (Kyoto University)
Masamune Iwasawa (Capital University of Economics and Business, China)
Hongjun Li (Capital University of Economics and Business, China)
Yoshihiko Nishiyama (Kyoto University)
Shandre Thangavelu (Adelaide University, Australia)
Yoko Konishi (RIETI)Institute of Economic
Research,
Kyoto University

2019/12/7

The 13th East Asian Contract
Theory Conference

Jimmy Chan (Chinese University of Hong Kong, China)
Kannai Media Center,
Chang Koo Chi (NHH-Norwegian School of Economics, Norway)
Kanto Gakuin University
Michiko Ogaku (Nagasaki University)
Eric Chou (Tsinghua University, China)
Joonbae Lee (Korea Information Society Development Institute (KISDI), Korea)
Wei-Cheng Chen (Academia Sinica, Taiwan)
Fumitoshi Moriya (Kobe City University of Foreign Studies)
Chen Zhao (University of Hong Kong , China)

2020
3/4~5

Kyoto International Workshop:
Advanced Study on Transition
Economics and Comparative
Economics

Evzen Kocenda (Charles University, Czech Republic)
Xinxin Ma (Toyama University)
Nguyen Thi Ngoc Anh (National Economics University, Vietnam)
Enkhmandakh Enkhchimeg (Kyoto University)
Go Yano (Kyoto University)
Masahiro Tokunaga (Kansai University)
Ichiro Iwasaki (Hitotsubashi University)
Satoshi Mizobata (Kyoto University)

Institute of Economic
Research,
Kyoto University

2020/3/20

Kyoto International Workshop:
Advanced Studies on
Comparative Economics

Zoia Podoba (St. Petersburg State University, Russia)
Nguyen Thi Ngoc Anh (National Economics University, Vietnam)
Olga Bobrova (St. Petersburg State University of Economics, Russia)
Victor Gorshkov (Kaichi International University)

Institute of Economic
Research,
Kyoto University

Overview of Institute of Economic Research, Kyoto University 2020 – 2021 17

Track Record
KIER Track Records
The Kyoto Institute of Economic Research(KIER) 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 number 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 Fujita’s, andco-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
Telecom Social Science Award

1970

Takamitsu SAWA

Nikkei Prize for Economics Books

1970

Takamitsu SAWA

Nikkei Prize for Economics Books

1971

Masahiko AOKI

Medal with Purple Ribbon

1985

Masao BABA

Medal with Purple Ribbon

1987

Hisao ONOE

The Japan Academy Award

1990

Masahiko AOKIHiromi Arisawa Prize for the Association of American University Presses

1991

Masahiko AOKI

1st Prize, European Meeting on Cybernetics and Systems Research

1992

Fumiko SEO

Medal with Purple Ribbon

1996

Kazuo KOIKE

The Energy Forum Award ; Award for Spread Enlightenment

1996

Takamitsu SAWA

Wakayama Prefecture Culture Prize

1998

Takamitsu SAWA

The Energy Forum Award

1998

Takamitsu SAWA

The Nakahara Prize, Japanese Economic Association

1999

Akira OKADA

Nikkei Prize for Economics Books

2000

Masahisa FUJITA

The Annual Award for Research Monographs on Labor

2001

Kenn ARIGA

Nikkei Prize for Economics Books

2002

Hiroshi OSANO

The William Alonso Memorial Prize for Innovative Work in Regional Science

2002

Masahisa FUJITAThe Japan Institute of energy :The award for Distinguished paper

2004

Takamitsu SAWA

The Sakashita Prize, Applied Regional Science Conference

2004

Tomoya MORI

Paper Award of Japan Society for Fuzzy Theory and Intelligent Informatics

2004

Fumiko SEO,

Prize for Publication, Mathematical Society of Japan

2005

Kazuo NISHIMURAIJET LionelW. McKenzie Prize for contributions to economic theory

2007

John STACHURSKI

Excellent presentation award in 6th Annual Meeting (2007) for The Japan Association for2007

Takuya KIMURA

Third Japan Society for the Promotion of Science (JSPS) Prize2006

Atsushi KAJII

Medal with Purple Ribbon

2007

Takamitsu SAWA

JSIE Kojima Kiysohi Prize, The Japan Society of International Economics

2007

Ryuhei WAKASUGI

Honorary Degree of Doctor, University of Aix- MarseillesⅡ

2007

Kazuo NISHIMURAThe Nakahara Prize, Japanese Economic Association

2008

Atsushi KAJII

2008 JAIBS Award, Japan Academy of International Business Studies

2008

Ryuhei WAKASUGI

Nikkei Prize for Economics Books

2008

Kazuo NISHIMURA,

Takao FUKUCHI

Research on Testing

Makoto YANO

2009

Yoshihiko NISHIYAMA

JSIE-Kojima Kiysohi Prize, The Japan Society of International Economics

2009

Kazumichi IWASA

Japan Statistical Society Ogawa Research Prize2010

Ryo OKUI

Kyoto Shimbun Grand Award in Culture/Academy

2010

Kazuo NISHIMURA

Member of the Japan Academy

2010

Masahisa FUJITA

Medal with Purple Ribbon

2012

Kazuo NISHIMURA

Member of the Japan Academy

2012

Kazuo NISHIMURA

Tenth Japan Society for the Promotion of Science (JSPS) Prize

2013

Tomoyuki NAKAJIMA

11th Japan Society for the Promotion of Science (JSPS) Prize2014

Tadashi SEKIGUCHIThe Order of the Sacred Treasure, Gold and Silver Star

2016

Masahisa FUJITAThe Order of the Sacred Treasure, Gold and Silver Star

2019

Kazuo NISHIMURA

Japan Stastistical Society Research Award2009

18 Kyoto Institute of Economic Research, Kyoto University [KIER]

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, 16 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 usedas 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 thecooperation of the Graduate School of Economics and Faculty of
Economics, Kyoto University.
KIER also actively supports domestic/international researchers'
community and a variety of seminars and international conferences foryoung researchers. In FY2016, the Institute supported the EconometricSociety, Summer Workshop on Economic Theory (SWET). Comparative
Economics Workshop for International Young Researchers, and so on. It
was awarded the Education Merit Award by the Ministry of Education
and Training of Viet Nam.

Number of Young Researchers (PD) Accepted
Fiscal Year

FY 2015

FY 2016

FY 2017

FY 2018

FY 2019

Total Number

13

15

11

13

14

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, Yokohama National University, Nagoya University, Shiga University, Kyoto University, Osaka University, Kobe University, Wakayama University,
Hiroshima University, Kyushu University, Nagasaki University, Aomori Public University, Tokyo Metropolitan University, Nagoya City University, Kobe City
University of Foreign Studies, Shimonoseki City University, Ehime University, Sapporo Gakuin University, Chiba University of Commerce, Kanagawa
University, Nihonbashi Gakkan University, Aoyama Gakuin University, Asia University, Keio University, Seikei University, Soka University, Chuo University,
Tokyo Keizai University, Hosei University, Waseda University, Nagoya Gakuin University, Gifu Shotoku Gakuen University, Kyoto Gakuen University, Kyoto
Bunkyo University, Doshisha University, Ritsumeikan 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, Matsuyama University, Kyushu International University, Kurume University, Fukuoka University, Ritsumeikan Asia Pacific University,
University of Melbourne, Universidad Nacional Autonoma de Mexico■Governmental Organizations
Technology Research Institute of Osaka Prefecture, RIKEN, Institute of Developing Economies, Policy Research Institute (Ministry of Finance), Ehime
Prefecture, Food and Agriculture Organization of the United Nations, Japan International Cooperation Agency (JICA), Japan Science and Technology
Agency (JST), Japan Agency for Local Authority Information Systems (J-LIS)■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, Simplex Financial
Holdings Co., Ltd., Asset Management ONE Co., Ltd., Nanjing Securities, Mizuho Financial Group Inc., Nomura Research Institute Ltd., Advanced Media, Inc.,
Asahi WoodTec Corporation, SMBC Nikko Securities Inc., NTT DATA Mathematical Systems Inc., Keyence Corporation, KPMG Consulting Co., Ltd., Japan
WillTech Solution Co., Ltd., MetLife, Inc., KPMG Tax Corporation

Overview of Institute of Economic Research, Kyoto University 2020 – 2021 19

Track Record
International Exchange
KIER is widely known as an international research center for economic
theory. The International Journal of Economic Theory, which is published jointlywith Keio University, is highly regarded as a global specialist journal, and is thefirst 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

PeriodRussian Federation

Higher School of Economics

French RepublicGroupement de Recherche en Economie Quantitative d’ Aix Marseille (GREQAM)

11/28/2007 ~ 1/29/2023

Republic of Korea

The Institute of Economic Research, Seoul National University

2/22/2008 ~ 2/17/2023

Hungary

The Institute of Economics, Hungarian Academy of Sciences

3/23/2010 ~ 7/23/2022

People's Republic of China

China Center for Economic Research, Peking University

6/22/2017 ~ 6/21/2022

TaiwanAsia University

4/2/2018 ~ 4/1/2023

Russian Federation

Saint-Petersburg University

4/19/2018 ~ 4/18/2023

Republic of Korea

Yonsei University

3/27/2019 ~ 3/26/2024

4/2/2007 ~ 4/1/2022

Researchers from Abroad
Fiscal Year

FY 2015

FY 2016

FY 2017

FY 2018

FY 2019

Asia

23(2)

10(2)

22(2)

11(3)

9(3)

North America

22(2)

29(2)

14(0)

12(1)

7(2)

0

0

0

0

0

Europe

21(3)

20(2)

19(4)

14(2)

12(1)

Oceania

2

3(1)

2(0)

2(0)

6(0)

Middle East

1

3(0)

2(0)

2(0)

2(0)

Africa

0

0

0

0

0

Total

69(7)

65(7)

59(6)

41(6)

36(6)

Area

South & Central America

Note: Figures in parentheses describe long-term appointments within the total number.

20 Kyoto Institute of Economic Research, Kyoto University [KIER]

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 2020, 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 (Closed on the following open day if the first day is a holiday.)● 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 thecourse of 32 years. Every time he visited Japan, Professor McKenzie held lectures and talks at KIER seminars, as well as visiting and attending
international symposiums sponsored by KIER. Consequently, he had close ties to Kyoto University and so he donated his massive library to KIER in
October 2003. Professor McKenzie’s students are active around the world, and there are many of his students who are teaching at other universities
in Japan as well. Still he donated his books to the Kyoto Institute of Economic Research, which is an unparalleled honor for the institute. Making themost of this opportunity, KIER established the McKenzie Library within the institute itself, which continues to be of use in improving the researchstandards of both faculty and students at Kyoto University.

Library

McKenzie Library

Total number of publications
Classification

Library

library holdings

Japanese books

42,199Western Books

43,311

Total Collection

85,510Japanese Periodicals

2,811

Western Periodicals

1,309

Total No. of Periodicals

4,120(as of March 2020)

Library

Overview of Institute of Economic Research, Kyoto University 2020 – 2021 21

On-site Facility for Remote Access to Official Statistical Data
Official statistical micro data consists of questionnaire answer information provided by individuals to statistical surveys conducted bynational government agencies. According to Article 33 of the Statistics Act, use of official statistical micro data is permitted for academic
research in the public interest, with certain restrictions in place. The revised Statistical Law came into effect in May 2019, with provision made forthe expanded scope of academic use of microdata on the proviso that information be accessed on-site. On-site use is a method in which
officially authorized researchers may access official statistical micro data using a thin-client PC in an on-site facility to perform their own
aggregation and analysis. The on-site facility is equipped with information security measures established at universities and research institutes,
in collaboration with the National Statistics Center. In the near future, the academic use of official statistical micro data is expected to be
predominantly conducted at on-site facilities.
In view of the importance of research that uses official statistical micro data both in the social humanities and natural sciences, our instituteestablished the On-Site Facility for Remote Access to Official Statistical Data in March 2019, with the approval of the National Statistics Center.
Our institute allow researchers outside Kyoto University who have been granted permission to use official statistical micro data to conduct
research at the facility. The Official Statistics On-site Facility Management Office manages and operates the facility, and plans to carry out various
activities to improve the research environment, promote research, and disseminate the use of the facility in the field of studies with official
statistical micro data. To this end, members of our institute and visiting or specially appointed faculty members invited from outside theuniversity will collaborate in achieving these aims.

Facility information and its terms of use are as follows:
Office for the On-Site Facility for Remote Access to Official Statistical Data
（TEL: 075-753-7102 E-mail: operator@kier.kyoto-u.ac.jp）
Working Hours: 9:30-17:30 (reception and facility use)
Closed on weekends, Foundation Day of Kyoto University (June 18), and summer and winter holidays.

Terms of Use● Personal computers, cameras, recording devices, Wi-Fi devices, mobile phones, smartphones, and other communication devices are prohibited from beingbrought into the facility.
● In some cases, access to use the facility may be denied.
● Any questions regarding other rules and regulations on facility usage should be directed to the Management Office.

Usage Guide● Reservation is required for facility usage. In order to access the facility, usersʼ identity will need to be confirmed with the staff. Apply in-person for the usageof the facility at the Management Office.

● The facility is equipped with security cameras. The recorded data of the security cameras are retained for an unspecified period.
● For general questions about the on-site use of official statistical micro data, please contact the Center of Statistical Data Utilization and Application.

22 Kyoto Institute of Economic Research, Kyoto University [KIER]

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

FY 2015

FY 2016

FY 2017

FY 2018

FY 2019

412,951

401,874

399,894436,235

419,586

Personnel Expenses

327,696297,729

293,388

313,993

328,902

Cost of Supplies

85,255

104,145

106,506

122,242

90,684Item
University Grants
Breakdown

Unit / 1,000 Yen

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

Fiscal Year

FY 2015

Unit / 1,000 Yen

FY 2016

FY 2017

FY 2018

FY 2019

Number of Grants

17

16

17

13

10

Amount of Grants

118,268

36,02027,50017,901

10,650

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

External Funds
Item
Entrusted Research Fund

Unit / 1,000 Yen

Fiscal Year

FY 2015

FY 2016

FY 2017

FY 2018

FY 2019

Number

8

5

4

2

2

Amount27,95023,086

17,362

16,71522,016

Collaborative Research with
Private Sector

Number

2

2

2

2

2

Amount22,75521,963

20,52820,206

21,950Donations

Number

7

0

1

2

0

Amount

4,867

0

400

1,700

0

Number

17

7

7

6

4

Amount55,57245,04938,29038,621

43,966

Total

Other Grants-in Aid, etc.

Unit / 1,000 Yen

Fiscal Year

FY 2015

FY 2016

FY 2017

FY 2018

FY 2019

Improvement of Research Environementfor Young Researchers (Tenure Track
System)

9,303

3,000

2,933

2,000

−

Inter-Graduate School Program for
Sustainable Development andSurvivable Societies

−

442

462

568

−

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

500

600

150

−

−

Building of Consortia for the Developmentof Human Resources in Science andTechnology (K-CONNEX)

7,080

12,000

−

−

−

Item

Direct accounting only.

Overview of Institute of Economic Research, Kyoto University 2020 – 2021 23

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

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 remained in thewest 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 Ministryof 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. 11 of 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. 19 of 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 atime 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 theimplementation of the GCOE (Keio University) program. (for a time period of until January 31, 2012)

24 Kyoto Institute of Economic Research, Kyoto University [KIER]

September 2008
December 2008
April 2009
April 2010

April 2011
November 2012

March 2013
April 2013
July 2013
April 2014
July 2015
April 2016
March 2019
April 2020

The Tokyo office (at Mita) was opened in the Tokyo branch as a teaching and research base concomitant with the implementation of
the GCOE (Keio University) program. (for a time period of until March 31, 2016)
816 m2 of the south wing of the 4th floor of the Research Building No. 2 was received by the Institute of Economic Research as a spacefor 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 Usage/Research Center for 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 meeting and celebration party were held at Shiran Kaikan on the occasion of the 50th anniversary.
A memorial lecture meeting and celebration party were held at Kyoto University Tokyo Office on the occasion of the 50th
anniversary.
The earthquake reinforcement of the main wing of KIER 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” is being established as a companion unit. (Scheduled for completion on
March 31, 2025.)
KIER participated in the launch of the new “International Research Unit of Advanced Future Studies (IUR-AFS)” and “Unit of Academic
Knowledge Integration Studies” (for a time period of until March 31, 2020)
The Institute of Sustainability Science transitioned into the Research Unit for Development for Global Sustainability. (for a time periodof until March 31, 2020)
On-Site Facility for Remote Access to Official Statistical Data was launched with the approval of the National Statistics Center (NSTAC)
The following three cooperation units were established: the International Research Unit of Quantum Information, the Data-oriented
Area Studies Unit and the Research Unit for Development of Sustainable Society (the scientific activities of these units are to becompleted by March 31, 2025)

Map & Access
Kyoto City Map

Yoshida Campus, Kyoto University
Ｎ

e
Lin
an
Eiz

Research Bldg No 2
Hyakumanben

Keihan Oto Line

Kamo River

Kawaramachi St.

Karasuma St.

Horikawa St.

Kyoto
gyoen

awa St.

Hyakumanben

Demachiyanagi

Imadegawa St.

ImadegShirakawa St.

Kitaoji St.

Yoshidayama
hill
Kyodai
Seimon-mae

KIER

Konoe St.

The Kyoto University
MuseumMarutamachi St.

Facultyof Letters

Subway Tozai Line

Oike St.

Sanjo
KeihanHiga
shiojiSt.

Higashioji St.

Shichijo St.

Hankyu Kawaramachi

Gojo St.

Shijo St.
Subway Karasuma Line

Hankyu Kyoto Line

Higashiyama

Ｎ至大阪■ Yoshida Campus,
Kyoto University● Airport Limited Express Train “Haruka”

About 75 min.
About
70 min.

JR Osaka Station

JR Express Train “Kankukaisoku”

About
30 min.

JR Kyoto Station

Kyodai Seimon-mae

Access to Kyoto Station from Kansai International Airport

Kansai International
AirportJR Express Train “Shinkaisoku”

About 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

University
Head Office

Higashi-Ichijyo St.

Main Gate

JR Kyoto Station

2）Airport Limousine Bus
Kansai International
AirportFacultyofEngineering

Clock Tower

1) Train

JR Airport Limited Express “Haruka”

Facultyof Economics

Faculty of Law

JR LineKintetsu Line● JR Train

University
Library

KIER

Kyoto Sta.

Kansai International
AirportFacultyof Economics● To take the bus: Kyoto City Bus

The bus ride will take approx. 30-35 minutes# 206: bound for Kitaoji Bus Terminal via Higashiyama St.
# 17: bound for Ginkaku-ji via Kawaramachi St.

K I E R
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 2020 – 2021 25

Over view of Institu te of Economic Researc h
Kyoto U niversit y2020 ‑ 2021