Final Revised Version, November 30, 2021

The 19th International Conferenceofthe Japan Economic Policy Association

The Main Theme:
Economic Policy for ‘Peace and Sustainability’Time Schedule and Program

November 14－20, 2020
The 19th International Conference of the Japan Economic Policy Associationis held as an online conference. Please take a look at the following website.
http://jepa.jpn.org/en/jepa2020/1

Time ScheduleViewing Period of Presentation Video

November 14-15, 2020

Period for Submission of Comments and Questions by Discussantand Participants
Reply Period for Comments and Questions by Presenter

November 14-18, 2020
November 19-20, 2020

OPENING ADDRESS: TARO OZAWA, PRESIDENT OF THE JEPA

Session Program
PLENARY SESSION
Theme: Peace and Sustainability*This session is co-hosted with Network for Education and Research on Peace and Sustainability(NERPS), Hiroshima University, Japan.
(1)"SDGs Initiatives at Hiroshima University: Integrating Global Strategy and Regional
Vitalization"
Guest Speaker: Shinji KANEKO, Director, Network for Education and Research on Peace andSustainability (NERPS), Hiroshima University, Japan(2)"Sustainable Development as a Path to Peace"
Guest Speaker: Jeffrey D. SACHS, Director, Center for Sustainable Development, Columbia
University, USA
Discussant: Joshua FISHER, Director, AC4, Earth Institute, Columbia University, USA

REGULAR SESSION
Note: The mark * right after the name shows that the person is the speaker.
Session 1. Theory of Economic Policy
AK Type Production Function in DSGE Model
Speaker:
Masaya YASUOKA*, Professor, Kwansei Gakuin University, Japan
Minoru HAYASHIDA, Professor, The University of Kitakyushu, Japan2

Ryoichi NAMBA, Researcher, Chubu Region Institute for Social and Economic Research, Japan
Hiroyuki ONO, Professor, Toyo University, Japan
Discussant: Ryokichi CHIDA, Professor, Meiji University, JapanThe Fiscal Cost of Inflation Targeting in Brazil: A Political Economy Perspective
Speaker:
Marcos CENTURION-VICENCIO, Lecturer, Université Grenoble Alpes, Brasil (France)
Discussant: Kouki ARAI, Professor, Kyoritsu Women's University, Japan

Session 2. Public Finance and Fiscal Policy
Tax Morale and Tax Resistance: Evidence from a Representative Japanese Population Survey
Speaker:
Tomomi MIYAZAKI*, Associate Professor, Kobe University, Japan
Masayuki TAMAOKA, Professor, Kobe University, Japan
Ayu TOMITA, Ph.D. Student, Kobe University, Japan
Keigo KAMEDA, Professor, Kwansei Gakuin University, Japan
Akihiro KAWASE, Professor, Toyo University, Japan
Katsuyoshi NAKAZAWA, Professor, Toyo University, Japan
Hiroyuki ONO, Professor, Toyo University, Japan
Naoko YOKOYAMA, Professor, Osaka Sangyo University, Japan
Discussant: Kentaro TACHI, Professor, Komazawa University, Japan
Does Infrastructure Investment Only Crowd Out Household Consumption?
Speaker:
Tao LI*, Ph.D. Student, Chongqing University, China
Jingxin HU, Ph.D. Student, Syracuse University, China
Discussant: Ichiei JO, Associate Professor, Senshu University, Japan
Effectiveness of Numerical Fiscal Rules: A Dynamic Causal Analysis
Speaker:
Makoto NAKANISHI, Professor, Saga University, Japan
Discussant: Kanae MUSHA, Professor, Sapporo University, JapanThe Impact of Stock Market Development on Private Sector R&D
Speaker:
Martina BAUMANN, Senior Researcher, Institute for Employment Research, Germany

Session 3. Monetary and Financial Policy
Preliminary Draft, Work in Progress Stimulate Investment or Create Asset Bubbles: An
3

Analysis of Bank of Japan's Corporate ETFs Purchases
Speaker:
Lior COHEN, Ph.D. Student, University of Barcelona, Israel (Spain)
Discussant: Naotsugu HAYASHI, Professor Emeritus, Hosei University, Japan
Effects of Firm-Level ESG Performance on Creditworthiness in Japanese Listed Companies
Speaker:
Hiroaki KAMBE*, Ph.D. Student, Keio University, Japan
Masatoshi TAMAMURA, Professor, Keio University, Japan
Discussant: Kazuhiko NAKAHIRA, Associate Professor, Meikai University, Japan
Regional Prices in Indonesia: Convergence Clubs and Conditioning Factors
Speaker:
Harry AGINTA, Ph.D. student, Nagoya University, Indonesia (Japan)
Discussant: Toru NAGAHARA, Associate Professor, Shibaura Institute of Technology, JapanThe Impact of International Sanctions on Russian Financial Markets
Speaker:
Mirzosaid SULTONOV, Professor, Tohoku University of Community Service and Science,
Tajikistan (Japan)
Discussant: Mitsuhiro OKANO, Associate Professor, Osaka Gakuin University, Japan
A Note on Capital Asset Pricing Models of ESG Investing
Speaker:
Hiroshi ISHIJIMA*, Professor, Chuo University, Japan
Akira MAEDA, Professor, The University of Tokyo, Japan
Discussant: Syunichi MAEKAWA, Professor, Sugiyama Jogakuen University, JapanThe Primal Hamiltonian: A Generalzed Approach to Optimal Interest Rate Policy
Speaker:
Christian Payne HENNIGAN, Ph.D. Candidate, University of Colorado at Boulder, USA

Session 4. Growth, Development and Population Policy
Has the Western Development Policy Promoted the Upgrading of the Industrial Structure inWestern China?
Speaker:
Zhuguang XIE *, Master's Student, China Pharmaceutical University, China
Qian ZHOU, Professor, China Pharmaceutical University, China
Discussant: Yuko ARAYAMA, Professor, Kyoto Sangyo University, Japan
4

A Quantitative Study on the Effects of Government Policies on Income Inequality in Postwar
Japan
Speaker:
Kei TOYOZAWA*, Ph.D. Student, Kobe University, Japan
Tomoko KINUGASA, Professor, Kobe University, Japan
Discussant: Usman KHALID, Assistant Professor, United Arab Emirates University, Pakistan(United Arab Emirates)
The Relationship between Demographic Change and House Price:Chinese Evidence
Speaker:
Yihua WANG*, Ph.D. Student, Kobe University, China (Japan)
Tomoko KINUGASA, Professor, Kobe University, Japan
Discussant: Ryokichi CHIDA, Professor, Meiji University, Japan
Do Autocratic Political Leaders Always Hamper Economic Growth? Evidence from Australia
Speaker:
Rok SPRUK*, Assistant Professor, University of Ljubljana, Slovenia
Thomas EMERY, Research Fellow, University of Western Australia, Australia
David GILCHRIST, Professor, University of Western Australia, Australia
Nuno GAROUPA, Professor, George Mason University, Portugal (USA)Discussant: Jun-ichi NAGAMINE, Professor, Kwansei Gakuin University, Japan
Regional Inequality, Convergence, and Spatial Effects: Recent Evidence from Indonesia
2000-2017
Speaker:
Carlos MENDEZ*, Associate professor, Nagoya University, Bolivia (Japan)
Anang GUNAWAN, Ph.D. Student, Nagoya University, Indonesia (Japan)
Felipe SANTOS, Master's Student, Nagoya University, Colombia (Japan)
Discussant: Duc TRAN, Postdoctoral Reseacher, Hiroshima University, Vietnam (Japan)
Economic Reform and Political Stagnation: The Inconsistent Patterns of Institutional Change
Speaker:Usman KHALID*, Assistant Professor, United Arab Emirates University, Pakistan (United ArabEmirates)
Luke Emeka OKAFOR, Associate Professor, University of Nottingham Malaysia, Poland(Malaysia)
Muhammad SHAHBAZ, Professor, Beijing Institute of Technology, Pakistan (China)
Discussant: Takashi YAGI, Professor, Meiji University, Japan
Government-Owned Banks and Financial Development: A Study of Bangladesh
Speaker:5

Rania KABIR, Ph.D. Student, Ritsumeikan University, Bangladesh (Japan)
Discussant: Mahbubul Alam CHOWDHURY, Professor, Fukuoka Women’s University, Japan
Factors Affecting Inbound Tourists (China, Korea, Taiwan, the US) to Japan: a Panel Data
AnalysisSpeaker:
Zhaoyuan LIU*, Ph.D. Student, The University of Tokyo, China (Japan)
Yuya SHIBUYA, Project Research Associate, The University of Tokyo, Japan
Soichiro TAKAGI, Associate Professor, The University of Tokyo, Japan
Discussant: Keiichiro HONDA, Associate Professor, Prefectural University of Kumamoto, Japan
Land Consolidation and Farm Production: A Difference-in-differences Approach with Plot
Exchange in Two Provinces of Vietnam
Speaker:
Duc TRAN*, Postdoctoral Reseacher, Hiroshima University, Vietnam (Japan)
Vu Ha THU, Postdoctoral Researcher, Hiroshima University, Vietnam (Japan)
Daisaku GOTO, Associate Professor, Hiroshima University, Japan
Discussant: Yuko ARAYAMA, Professor, Kyoto Sangyo University, Japan
Impacts of NHK Television Drama Series to Reginal Economy -Lessons Learned from
Shigaraki Town, Koka City, Shiga Prefecture
Speaker:
Kiyoto KUROKAWA, Professor, Ritsumeikan University, Japan
Globalization, Growth and Economic Development: Empirical Evidence from India
Speaker:
Sovna MOHANTY, Independent Researcher, India (Kuwait)

Session 5. Industrial Organization and Structural Policy
R&D Incentives to Cooperate and Invest in Presence of Licensing
Speaker:
Iacopo GRASSI*, Assistant Professor, University of Naples FEDERICO II, Italy
Carlo CAPUANO, Assistant Professor, University of Naples FEDERICO II, Italy
Discussant: Takashi YANAGAWA, Professor, Kobe University, Japan
Technological Complexity as a Determinant of the Formation of Technological Trajectories
Speaker:
Ichiro WATANABE*, Ph.D. Student, The University of Tokyo, Japan
Soichiro TAKAGI, Associate Professor, The University of Tokyo, Japan
Discussant: Zhang XINGYUAN, Professor, Okayama University, Japan
6

The Causal Effects of Family Ownership on Corporate Social Responsibility and Firm Value
Speaker:
Yun Joo AN, Ph.D. Student, Yonsei University, Korea
Discussant: Satoru HASHIMOTO, Associate Professor, Teikyo University, JapanAn Analysis of Factors in the Decision to Sell a Business among Japan’s Small andMedium-sized Firms without Successors
Speaker:
Hisashi OKAMOTO*, Associate Professor, Kobe Gakuin University, Japan
Atsushi MIYAKE, Associate Professor, Kobe Gakuin University, Japan
Discussant: Shin KINOSHITA, Associate Professor, Ryukoku University, Japan
The “Missing Middle” Problem and Small Firm Fragility: The Case of Food Processing in
India
Speaker:
Jessica THACKER, Ph.D. Student, South Asian University, India
Debdatta SAHA, Assistant Professor, South Asian University, India
Discussant: Yoshihiko AKASHI, Professor, Osaka University of Commerce, Japan

Session 6. Labor Economics and Policy
Choice of Higher Education in India and Its Determinants
Speaker:
Khalid KHAN, Assistant Professor, Indian Institute of Dalit Studies, India
The Impact of Robotic Process Automation on Gender-Based Employment Discrimination in
the Japanese Financial Industry
Speaker:
Ryusuke OISHI*, Associate Professor, Meikai University, Japan
Eriko TERAMURA, Professor, Meikai University, Japan
Discussant: Koyo MIYOSHI, Lecturer, Aichi Gakuin University, Japan
Economic Impact of Afghan Refugees on Pakistan Economy
Speaker:
Saeeda BATOOL, Assistant Professor, National University of Sciences and Technology, Pakistan(Japan)Discussant: Terukazu SURUGA, Professor, Kobe University, Japan
Old Age Incarceration Experience. Does Employment Protects from Recidivism?
Speaker:7

Joanna FELCZAK*, Assistant Professor, SGH Warsaw School of Economics, Poland
Ewa GAŁECKA-BURDZIAK, Assistant Professor, SGH Warsaw School of Economics, Poland
Piotr BŁĘDOWSKI, Professor, SGH Warsaw School of Economics, Poland
Marek GÓRA, Professor, SGH Warsaw School of Economics, Poland
Estimating Economic Unfairness in Japan and Policy toward Fair
Speaker:
Sayaka SAKODA, Postdoctoral Fellow, Kyoto University, Japan
Discussant: Tsukasa MATSUURA, Associate Professor, Chuo University, Japan

Session 7. Public Economics and Public Choice
What Causes Spread of COVID19 across Countries and across Indian States and Districts:
An Econometric and Deep Learning Investigations
Speaker:
S.K. MATHUR, Professor, Indian Institute of Technology, Kanpur, India
The Rise of Public-Private Partnership (PPP) in Southeast Asia: An Effective Procurement
and Financing Option for Sustainable Infrastructure Development?
Speaker:
Susumu ITO, Professor, Chuo University, Japan
Discussant: Souksavanh VIXATHEP, Associate Professor, University of Hyogo, JapanHow Visible are the "Lighthouses"? Elite Status of German Universities and Attractivenessfor International Students
Speaker:
Donata BESSEY, Associate Professor, Yonsei University, Germany
Discussant: Marcin WROŃSKI, Ph.D. Candidate, SGH Warsaw School of Economics, Poland
Intergenerational Educational Mobility in Poland Since 1920. Education as a Positional
Good.
Speaker:
Marcin WROŃSKI, Ph.D. Candidate, SGH Warsaw School of Economics, Poland
Discussant: Tatsuma WADA, Professor, Keio University, Japan
Why Do You Love Me? -Introduction of a New Degree of Altruism into the Utility Function in
Barro (1974)Speaker:
Mizuki NAKAMA, Professor, Yamaguchi University, Japan
Discussant: Akira YOKOYAMA, Professor, Chuo University, Japan
8

Ganglion of Wasted Votes and Religious Polarisation: Evidence from Parliamentary Electionsof India in the New Millennium
Speaker:
Sovik MUKHERJEE, Assistant Professor, St. Xavier's University, Kolkata, India
Discussant: Rok SPRUK, Assistant Professor, University of Ljubljana, Slovenia

Session 8. Welfare and Social Policy
An Empirical Analysis of Submission Lag in Japan Behind the U.S.
Speaker:
Naohiko WAKUTSU*, Associate Professor, Nagoya City University, Japan
Hiroshi NAKAMURA, Professor, Keio University, Japan
Takeshi SUZUKI, Professor, Keio University, Japan
Satoshi MURAYAMA, Researcher, IQVIA, Japan
Discussant: Kaoru OKAMURA, Associate Professor, Kumamoto Gakuen University, Japan
Redistributive Efficiency of Fiscal Policy: The Role of Decentralisation
Speaker:
Ronald MIRANDA*, Ph.D. Student, Universitat Autònoma de Barcelona and Universidad de la
República, Uruguay
Leonel MUINELO-GALLO, Professor, Instituto de Economía of the Universidad de la
República, Uruguay
Oriol ROCA-SAGALÉS, Professor, Department of Applied Economics at Universitat Autònoma
de Barcelona, Spain
Discussant: Hiroo HARADA, Professor Emeritus, Senshu University, Japan
Performance of Health Care in Laos – A Survey of Private Clinics in Vientiane –Speaker:
Souksavanh VIXATHEP*, Associate Professor, University of Hyogo, Lao (Japan)
Alay PHONVISAY, Assistant Professor, National University of Laos, Lao
Discussant: Naohiko WAKUTSU, Lecturer, Nagoya City University, Japan

Session 9. Regional, Urban and Transportation Policy
Spatial Disparities in SMEs Labour Productivity in England
Speaker:
Sara MAIOLI*, Senior Lecturer, Newcastle University, Italy and UK (UK)
Pattanapong TIWASING, Research Associate, University of Coventry, Thailand (UK)
Matthew GORTON, Professor, Newcastle University, UK
Jeremy PHILLIPSON, Professor, Newcastle University, UK
Robert NEWBERY, Professor, University of Northumbria, UK
9Discussant: VU Thi Bich Lien, Associate Professor, Nagoya University of Economics, JapanThe Impact of Income Inequality on Housing Affordability and Housing Quality Choices in
Urban Vietnam
Speaker:
Phuong Thu NGUYEN*, Ph.D. Student, RMIT University, Vietnam (Australia)
Jonathan BOYMAL, Associate Professor, RMIT University, Australia
Preety SRIVASTAVA, Senior Lecturer, RMIT University, Australia
Longfeng YE, Lecturer, RMIT University, China (Australia)
Discussant: Satoshi WATANABE, Associate Professor, Aichi Shukutoku University, Japan
Impact of the Covid Pandemic on the Road Transport Industry – The Evidence from Poland
Speaker:
Magdalena OSINSKA*, Professor, Nicolaus Copernicus University, Poland
Wojciech ZALEWSKI, Assistant Professor, Nicolaus Copernicus University, Poland

Session 10. Resource and Environmental Policy
The Effects of Individual Ethical Consciousness on Energy Choices through a Conjoint
AnalysisSpeaker:
Shin KINOSHITA, Associate professor, Ryukoku University, Japan
Discussant: Masahiro YABUTA, Professor, Chuo University, JapanThe Environmental Effectiveness of Ambient Charges in the Dynamic Cournot Oligopoly
ModelsSpeaker:Yuichi SATO, Ph.D. Student, Chuo University, Japan
Discussant: Akira MAEDA, Professor, The University of Tokyo, Japan
Does Pollution Affect Crime? Evidence from U.S. Cities
Speaker:
Dennis WESSELBAUM, Senior Lecturer, University of Otago, Germany (New Zealand)
Discussant: Akira MAEDA, Professor, The University of Tokyo, Japan
Panel Data Analysis of Wildlife Damage Leading to Dilapidated Farmland in Japan: A Studyon a Menace to Rural Peace and Sustainability
Speaker:
Etsusaku SHIMADA, Economist, Office for Econometric Analysis, Cabinet Office, Governmentof Japan, Japan
Discussant: Tomoya MORI, Lecturer, Yamaguchi University, Japan10

Session 11. International Economic Policy
Population Ageing and FDI Inflows in Japan: ARDL Approach to Cointegration Analysis
Speaker:
Rajarshi MITRA, Associate Professor, Tokyo International University, India (Japan)
Discussant: Mirzosaid SULTONOV, Professor, Tohoku University of Community Service andScience, Japan
Assessing the Price-Raising Effect of Non-Tariff Measures for ASEAN’s Food Trade
Speaker:
Sithanonxay SUVANNAPHAKDY, Lead Researcher, Institute of Southeast Asian Studies(ISEAS) - Yusof Ishak Institute, Lao (Singapore)
Discussant: Tasuku FUJITA, Lecturer, Chiba University of Commerce, Japan
Could Export Induce Firms to Have Higher Productivity?: The Difference in Differences andPropensity Score Matching Analyses of the Firms in Six ASEAN Countries
Speaker:
Utumporn JITSUTTHIPHAKOM, Senior Economist/ Ph.D. Candidate, Central Bank ofThailand/ Nagoya University, Thailand (Japan)
Discussant: Mirzosaid SULTONOV, Professor, Tohoku University of Community Service andScience, Japan
Exploring the Duration of Exports: Evidence from Cote D’ivoire
Speaker:
Niango Sika Antoine Brice ADOU*, Ph.D. Candidate, African Economic Research Consortium /University Felix Houphouet Boigny, Cote d'Ivoire
Kraido Socrates MAJUNE, Tutorial Fellow, University of Nairobi, Kenya
Discussant: Yukihiro IIDA, Professor, Nishogakusha University, Japan
Diaspora Induced Trade Flows: Evidence from Australia’s Top Five Trading Partners
Speaker:
Shamira AHMED*, Economist, Research ICT Africa, South Africa
Tasila BANDA, Business Development Specialist, National Technology Business Centre,
ZambiaChris ELLINGER, Deputy Consul General, Australian Department of Foreign Affairs and Trade,
Australia (India)
Discussant: Toshiyasu IZAWA, Professor, Nagoya Gakuin University, Japan
Globalisation, Productivity and Labour Share in India, China and Japan
Speaker:11

Jagannath MALLICK, Fellow, State Bank Institute of Leadership (SBIL), State Bank of India,
India
Discussant: Atsuyuki KATO, Associate Professor, Kanazawa University, Japan

Session 12. Law and Economics
The Long-Term Effects of Short-Term Populist Law Reforms: Evidence from Argentina
Speaker:Maximiliano MARZETTI*, Assistant Professor, IESEG School of Management, Argentine(France)
Rok SPRUK, Assistant Professor, University of Ljubljana, Slovenia
Discussant: Daisaku GOTO, Associate Professor, Hiroshima University, JapanThe Right to be Informed and the Right to be Forgotten. Welfare Implications in Presence of
Myopic Consumers
Speaker:
Carlo CAPUANO*, Assistant Professor, University of Naples FEDERICO II, Italy
Iacopo GRASSI, Assistant Professor, University of Naples Federico II, Italy
Giacomo VALLETTA, Associate Professor, EDHEC Business School, Italy (Belgium)
Discussant: Hirofumi FUKUYAMA, Associate Professor, Japan Women's University, JapanThe Politicization of the Cocoa Sector in Ghana
Speaker:Nathan MUNIER*, Assistant Professor, Tokyo International University, United States (Japan)
Samuel AMPONSAH*, Associate Professor, Tokyo International University, Ghana (Japan)
Sovannroeun SAMRETH, Associate Professor, Saitama University, Cambodia (Japan)
Discussant: Daisaku GOTO, Associate Professor, Hiroshima University, Japan
Session 13. Comparative System Analysis
The Importance of the Circular Economic Systems -An Application of Dasgupta’s Well-beingSpeaker:
Mitsunosuke TSUBAKI, Assistant Professor, Hsuan Chuang University, Japan (Taiwan)
Discussant: Hiroshi TANIGUCHI, Professor, Chuo University, Japan

12

Organization of the 19th International Conference of the Japan Economic
Policy Association
The Japan Economic Policy Association
President: Taro OZAWA
The International Committee
Chair: Takashi YANAGAWA
Vice Chair: Toshiyasu IZAWA
Vice Chair: Akira MAEDA
Vice Chair: Kazuhiko NAKAHIRA
Secretary General: Tatsuma WADA
The Program Committee of the 19th International Conference
Chair: Kazuhiko NAKAHIRA
Vice Chair: Youya HASEGAWA
Vice Chair: Tetsuhiko IZUMISecretary General: Toru NAGAHARA
Vice Secretary General: Kentaro TACHI
Members:
David FLATH, Mitsuhiko SATAKE, Kentaro TACHI, Masaru ICHIHAHI, Kanae MUSHA, Ichiei
JO, Naotsugu HAYASHI, Kazuhiko NAKAHIRA, Toru NAGAHARA, Toru YARITA, Yuko
ARAYAMA, Ryokichi CHIDA, Tomoko KINUGASA, Hajime MOTEGI, Yoshihiko AKASHI,
Takashi YANAGAWA, Kunio KAMIYAMA, Satoru HASHIMOTO, Youya HASEGAWA, Eriko
TERAMURA, Kayo NOZAKI, Mikito MASUDA, Katsuyoshi OKUI, Taro OZAWA, Shunpei
YAOITA, Mazuru NAKAMURA, Kazuhiro YAGUCHI, Toshiaki KONO, Satoshi WATANABE,
Megumi KINUGAWA, Akira MAEDA, Masahiro YABUTA, Tatsuma WADA, Yukihiro IIDA,
Mirzosaid SULTONOV, Toshiyasu IZAWA, Daisaku GOTO, Yoji TANIGUCHI, Tetsuhiko IZUMIThe Managing Committee of the 19th International Conference
Chair: Daisaku GOTO
Vice Chair: Masaru ICHIHASHI

13

(Revised: October 26, 2018. v2)

Call for Papers
International Journal of Economic Policy Studies (IJEPS)
Those who have presented their papers at the JEPA international conferences are cordiallyinvited to submit their manuscripts to publish in the International Journal of Economic Policy
Studies (IJEPS). The IJEPS is an official refereed-journal of the Japan Economic Policy
Association (JEPA). Starting from January 2019, it is scheduled to be published twice a yearwith Springer Nature. See the publisher’s webpage: http://springer.com/42495
The IJEPS is calling for high-quality papers for the next issues. Follow the instructions below.

Submission Instruction
1. Qualification
IJEPS accepts all submissions any time in principle. However, to be given a priority treatment,
the submitted paper must have been accepted and presented at one of the JEPA Conferences. It
also needs to be revised in accordance with comments and advises offered by the conference
attendees including discussants and chairpersons before submitting to the journal.

2. Deadline
The revised full paper must be submitted by one of the following deadlines so that it can easily
fit into the cycle of the journal issues.
Deadline 1: The end of December
Deadline 2: The end of July
Handling for reviews is on a first-come and first-served basis, and once decision of publication
is made, the paper is put on online-first publication before the printed version becomes available.
Thus, earlier submission will greatly benefit the author.

3. Format and Size
The length of the paper is expected to be around 6,000 to 8,000 words including all formulae,
references, tables and figures. Times New Roman and font size 11 point are recommended.

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

5. Submission
Submit (1) cover letter (and Toko Renraku Hyo, if applicable), and (2) the manuscript (mustcontain abstract, keywords, and JEL codes; author information should be only included in theseparable first page) by using “Submit Online” function at
http://springer.com/42495
For inquiry, write to ijeps@jepa-hq.com
Akira Maeda
IJEPS Editor-in-Chief
Professor, The University of Tokyo