Global COE Hi-Stat NewsletterNo. 3 (February 2010)

Contents
Comparative Analysis Enterprise Data 2009 Conference Report Kyoji Fukao...1
Forum on “How to Tackle Poverty: Views of Hitotsubashi Economists” Ryo Kambayashi...2
Report on the International Trade Conference at the University of Michigan Kiyoyasu Tanaka...5
Discussion Papers ...7
Seminars and Conferences ...8Awards …11

Comparative Analysis Enterprise Data 2009 Conference Report
Kyoji Fukao
Program Leader
Institute of Economic Research, Hitotsubashi University

From

October

2-4,

the

GlobalCOE

Programinternationalization of firms, industry productivity“Research Unit for Statistical and Empirical Analysis in

dynamics, and firm performance. One of the key

Social Sciences (Hi-Stat),” in conjunction with thecharacteristics of the conferences is that they foster

Research Institute of Economy, Trade and Industry

cooperation between researchers and those in charge(RIETI), hosted the 9th Comparative Analysis ofof government statistics.

Enterprise (Micro) Data (CAED) Conference. CAED isa global network of economists analyzing micro-dataon businesses, which since its first conference inHelsinki in 1996 had held seven further conferences in
Europe and the United States. The conference at
Hitotsubashi was the first to be held in Asia.
The program of the conference comprised 15
invited sessions and a policy symposium, as well as
19 sessions on a “call for papers” basis (including
poster sessions), with nearly 150 papers being
presented in total. The CAED conferences cover the

For example, in the first plenary session, which

regional and global analysis of a wide range of topics

focused on access by scholars to government

spanning

microdata in the Asia Pacific, papers were presented

from

firms

and

employment

to

the

1

by Tomohiko Inui (Statistics Commission Office,in Europe and the United States was far better than in

Minister’s Secretariat, Cabinet Office), Sanghoon Ahn

Asia, and I keenly felt that in Asia, too, it was(Koreanecessary

Development

Institute),

Eric

Ramstetter

to

for

statisticians,

economists,

and

and

for

(International Centre for the Study of East Asian

econometricians

Development and Kyushu University), Richard Fabling

improvements in analytical tools, data access, and(Reserve Bank of New Zealand) and Harry Wu

data quality, just as is the case in Europe and the(Hitotsubashi University). Other highlights of theUnited States. Against this background, I believe that

CAED 2009 include a symposium on “The Role ofwe were able to host here in Tokyo the first CAED

Intangible Assets

conference to be held in Asia is highly significant.

in

the

Improvement

of

Firm

to

cooperate

striveth

CAED

Performance” with keynote speeches by Ron Jarmin

Meanwhile, it has been decided that the 10

(U.S.

(The

conference will be held in London in September 2010.

Miyagawa

Last but not least, I would like to express my deep

CensusBureau),Conference

Board),(Gakushuin

University),

Carol

and

CorradoTsutomufollowedbyagratitude to the College of Economics of Nihon

panel

discussion on “What Kind of Management Practices

University,

Will Fit Globalization and Innovation?” with five

Institutepanelists, including Eric Bartelsman (Vrije Universiteit),

Economic Research Institute for ASEAN and East

Keun Lee (Seoul National University), and Kiyohiko

Asia (ERIA), the Keio University–Kyoto University

Nishimura (Deputy Governor, Bank of Japan). To

Joint Global COE Program “Raising Market Quality –access session papers and symposium handouts,

Integrated Design of ‘Market Infrastructure,’” and thepleaseInstitute of Economic Research (IER) and the Center

go

to

the

conference

website

at

for

the

Gakushuin

Economics

University

andResearch

Management,the

http://gcoe.ier.hit-u.ac.jp/CAED/program.html andfor Economic Institutions of Hitotsubashi University,

http://www.rieti.go.jp/en/events/09100201/summary_1.

which co-sponsored this conference.

html
With 350 participants, including 160 from abroad,and a large number of rich and stimulating papers anddiscussions, this, many participants went out of their
way to remark, was a conference of the highest
international caliber. Until now, each time I took part ina conference in Europe or the United States on theuse of government microdata for academic purposes,
including the CAED conferences, I was reminded of
the fact that the environment for access to such data

Forum on “How to Tackle Poverty: Views of Hitotsubashi Economists”
Ryo Kambayashi
Micro Analysis Research Group
Institute of Economic Research, Hitotsubashi University

On December 2, 2009, we held a three-hour public

forum

2

on

“How

to

TacklePoverty:

Views

of

Hitotsubashi

Economists”

at

Hitotsubashi’s

and that especially for women, wage inequality among

Kanematsu Auditorium. This forum marks the third

low-wage earners had decreased. I suggested that thesuch event hosted by the Global COE Program

increase in the minimum wage had played an“Research Unit for Statistical and Empirical Analysis inimportant role in this reduction in inequality and wentSocial Science (Hi-Stat).” While the two previous

on to point out that a possible reason for this was

events dealt directly with the recent financial andso-called “spillover effects” whereby employment

economic crisis, this symposium focused on “poverty

below the minimum wage level disappeared andissues” in the aftermath of the crisis and brought

employment

together specialists affiliated with the University toincreased.

above

the

minimum

wage

level

discuss possible remedies. The four panelists were (inProf. Kawaguchi approached the topic from apresentation order) the author of these lines, Ryo

different angle, addressing the question whether aKambayashi (Associate Professor, IER), as well as

minimum wage might not result in job losses. He

Daiji Kawaguchi (Associate Professor, Economics

started by explaining that when examining what type

Department),(Associateof households minimum wage earners belonged to,Professor, Economics Department), and Eiji Tajika

one finds that only around 10 percent of minimum(Professor,

Economics

wage earners actually belong to households with an

University

Vice

Masayoshi

Hayashi

Department,

President).

Hitotsubashi

Yukinobu

Kitamura

annual income of less than 2 million yen (a frequently(Professor, IER) acted as coordinator.

used poverty measure in Japan) in which they are the

Similar to the previous two events, the forum washousehold head. Instead, surprisingly, half of all

divided into two parts. In Session 1, Prof. Kitamura

minimum wage earners belong to households with anasked the panelists a number of questions, to whichannual income of more than 5 million yen in which

the panelists responded in turn and which they thenthey are not the household head, indicating that those

discussed. Session 2 was an open session, where

directly covered by the minimum wage do notmost of the questions were taken from the floor andnecessarily

which the panelists then freely debated.

Furthermore, Prof. Kawaguchi argued, raising thebelongtohouseholdsinpoverty.

minimum wage could possibly reduce employment
opportunities for the young and married middle-aged
and older women, leading him to conclude that raising
the minimum wage was not an effective way to fightpoverty.
The next question raised was whether welfare
benefits provided an effective way to fight poverty.
Prof. Hayashi addressed this issue by first outlining
the current situation of households receiving welfare
benefits in Japan, emphasizing that half of all
Replying to the question whether raising thehouseholds on welfare benefits are elderly households

minimum wage was an appropriate measure to reduceand that half of their expenditure is spent to cover

poverty, I discussed the relationship between wage

medical assistance. That is to say, welfare benefits

differentials and the minimum wage. I started out byindeed represent the last safety net for those who

referring to statistical findings indicating that inequality

somehow fell through the social security system

in hourly wages was small, that there had been no

consisting of the pension and medical care systemincrease in inequality in the 1990s and early 2000s,that is meant to cover all citizens. Consequently, the3

share of individuals in households currently receiving

effects of a rise in the minimum wage on jobs should

welfare benefits that could overcome their own

not be ignored and that it is not easy for those thatpredicament with a bit of help is actually not that great.

lose their job to move to a different one. Both of us

Nevertheless, Prof. Hayashi pointed out, especially forshared doubts regarding the effectiveness of public

single-mother households, there was the danger of a

training schemes for those changing jobs or industries“poverty chain” developing, but that this could be

and agreed that there is an urgent need to identify theprevented by offering more support measures such asreasons why, when the minimum wage was raised,a head start program and so-called earned income tax

employment ultimately increased in wage brackets

credits.

above the minimum wage.

At any rate, active policy measures require financial
backing. An important question therefore is whether
Japan can afford such policies. In this context, Prof.
Tajika discussed the peculiarities of Japan’s tax
system and the wide scope of tax deductions andallowances, which mean that taxation of incomes inJapan is weak. This has given rise to a situation where
tax revenues are small and tax reductions tend tobenefit high-income earners. As an example of how totackle this situation, Prof. Tajika pointed to the case of
the Netherlands, where income tax deductions and

The questions from the floor were highly incisive,

allowances were abolished while at the same time a

providing us with confirmation that the topic of thetax credit system was introduced. Through this tax

forum was met with a great deal of interest. Essentially,reform, the Netherlands were able to uniformly

academic research requires quiet dedication and time,

regulate tax and social insurance contributions andand the various findings presented at the forum alone

succeeded in maintaining tax revenues while reducing

were the fruit of years of research by scholars beyond

the burden on those in low-income brackets. He

the four panelists who tried to carefully answer theemphasized, however, that key to the success of thequestions posed. If, through this kind of public forum,

Dutch system was the introduction of personalresearch findings can contribute to the building of theidentification numbers to be used when receiving

foundations for actual policy measures, then thisservices, and a system to centrally manage taxation

would fulfill many of the objectives of the Global COE

and benefits.

Program.

In Session 2, there was a lively debate on various
questions. Due to space limitations, not all comments

Handouts and video clips (in Japanese) of the forum

can be mentioned here, so I use my privilege as thecan be accessed at the following website:

author of these lines to focus on the debate between

http://gcoe.ier.hit-u.ac.jp/information/schedule/confereProf. Kawaguchi and myself with regard to the effects

nce/combating_poverty.html

of the minimum wage on employment. I argued thatwhile a rise in the minimum wage might result in job
losses, it might at the same time also create new jobs
and the true effects on employment are unclear. On
the other hand, Prof. Kawaguchi argued that the4Report on the International Trade Conference at the University of Michigan
Kiyoyasu Tanaka
COE Researcher
Institute of Economic Research, Hitotsubashi

Last year, I had the opportunity to participate in, andtrade agreements, it becomes possible to makepresent two papers at, the conference on international

proposals

trade held at the Ann Arbor campus of the University

investment.

th

th

for

effective

polices

on

trade

and

of Michigan (U.S.A.) on October 16 and 17 , 2009.

Against this background, I conducted research with

The conference, funded by the Japan Foundation

Toshiyuki Matsuura (Keio University) and Shujiro

Center for Global Partnership (CGP), was jointly

Urata (Waseda University), and presented a paper onorganized by the Gerald R. Ford School of Public

Japanese and U.S. multinational corporations (MNCs)

Policy, International Policy Center, University ofon the first day of the conference. In recent years,

Michigan, and the “Research Unit for Statistical and

MNCs have been a major driver in the formation of

Empirical

Analysisin

Hi-Stat),”GlobalCenters

Sciences(G-COE

international production systems in which firms

Excellence(COE)

actively trade intermediate goods for production

Program, Hitotsubashi University. The conference wasabroad as well as final goods, and this is beginning tohosted by Robert Stern, Professor Emeritus ofhave a substantial impact on international trade

Economics and Public Policy, University of Michigan,

patterns.

and was co-organized by Prof. Kyoji Fukao, Institutecomparable statistics on the overseas subsidiaries ofof Economic Research (IER), Hitotsubashi University,

MNCs are not readily available, most empirical studies

andhave focused on American MNCs using data from the

Prof.

Kozo

SocialKiyota,of

Associate

Professor,

Yokohama National University.

However,

becauseinternationally

U.S. Bureau of Economic Analysis. Although the

Entitled “Quantitative Analysis of Newly Evolving

importance of MNCs is widely recognized, there has

Patterns of Japanese and U.S. International Trade:been little progress in the construction of data that

Fragmentation; Offshoring of Activities; and Verticalallow international comparisons.

Intra-Industry

Trade,”

theconference

aimed

at

In order to address this issue, we prepared, in

analyzing recent changes in the international trade ofcollaboration with the Research Institute of Economy,

Japan and the U.S. from the perspective of theTrade and Industry (RIETI), a panel data set from theinternational division of labor. A major theme was the

microdata of the Basic Survey of Overseas Businessdevelopment of new approaches and the construction

Activities implemented by the Ministry of Economy,of data necessary for empirical analyses to measure

Trade and Industry, and then constructed a databasefactor contents in the international trade in goods.

that allows a comparison of the economic activities ofThrough the construction of new approaches andthe overseas affiliates of U.S. and Japanese firms.

datasets, it becomes possible to analyze the impact ofUsing this dataset, we examined the characteristics of

new patterns in international trade on factor markets inoverseas production by U.S. and Japanese firms andthe United States, Japan, and other major trading

conducted a detailed analysis of the determinants

partners. Furthermore, analyzing future developments

thereof. The analysis showed that U.S. and Japanese

in world trade and foreign direct investments andfirms have in common that their overseas production

measuring the gains from trade and the impact ofis primarily local market-oriented. On the other hand,

5

Japanesefirms’

overseas

activities

in

the

In contrast, in the United States, outsourcing of

manufacturing sector, on average, tended to be morebusiness services has expanded substantially and hadheavily concentrated in labor-intensive production

the effect of greatly improving domestic productivity.

activities than those of their U.S. counterparts.

Looked at from a different perspective, this implies

In addition, I have been conducting joint researchthat Japanese firms have been slow to offshorewith Prof. Keiko Ito (Senshu University) on the effects

services

employing

low-cost

humanof offshoring of business services and intermediate

overseas,possiblysuggestingthat

goods production on manufacturing productivity ininternational transactions in services are particularly

Japan. This paper was presented on the second dayhigh in Japan.

of the conference in Michigan.

Conference

participants

includedresources
barriers

not

to

only

Examples of new developments in international

economists from the United States but also fromtrade include transactions in intermediate goods andGermany and Italy. The presentations of these papers

services. For instance, there has been an increase in

were

offshoring of financial and information services as a

including University of Michigan professors as well as

resultquestionsofadvancesininformation

technology.

followed
frombycomments
conference

fromdiscussantsparticipants.

The

Moreover, imports of intermediate inputs such as

discussants’ comments and conference participants’

low-priced parts and components of good quality,questions were extremely incisive and valuable,

especially from the rest of Asia, have increased.

making me appreciate just how high the caliber ofAgainst this background, we conducted an empiricalconference participants was.

analysis focusing primarily on the 1990s and using theOnce the conference was over, the host, Professor

JIP Database 2009 to examine the impact ofStern, invited us to his home to celebrate theintermediate

domestic

conference. It was rewarding to be able to have

manufacturing productivity in Japan. We found that

serious discussions during the day and then to haveJapan did not experience a large increase in service

relaxed casual conversations in the evening with

offshoring and, as a result, no strong positive effect onrenowned economists. It was also a rare opportunity

domestic productivity could be observed. On the otherfor networking with some of the world’s top scholars in

hand, we found that imports of intermediate inputs

the field. I would like to express my deepest thanks totended to be associated with a rise in domestic

the Japan Foundation, the University of Michigan, andproductivity. A possible explanation is that Asianthe Hitotsubashi University Global COE Program foreconomies have seen rapid development of parts andtheir generous funding and support to make it possible

components industries supporting the manufacturing

for me to participate in the conference.

goods

importsonsector. As Japanese firms can take advantage ofintermediate goods produced by local firms and/or

Details of the conference can be found at the following

theirwebsite:overseassubsidiaries

in

Asia

throughinternational trade, material offshoring might allow

http://sitemaker.umich.edu/fordschool-usjapan/conferethem to shift to higher value-added production

nce_agenda

processes such as R&D in their domestic activities.
Thus, the observed increase in domestic productivity
may be the result of a shift of domestic operations tohigh productivity activities.

6

Global COE Hi-Stat Discussion Papers (September 2009 － February 2010)
No. 85 (September 2009) Eiji Kurozumi and Shinya

Performance.”

Tanaka, “Reducing the Size Distortion of the KPSS

No. 96 (December 2009) Chin Hee Hahn and Chang

Test.”

Gyun Park, “Learning-by-exporting in Korean

No. 86 (September 2009) Hisatoshi Hoken and

Manufacturing: A Plant-level Analysis.”

Hiroshi Sato, “Economic Roles of Farmer’s

No. 97 (December 2009) Luigi Guiso, Luigi Pistaferri,Specialized Cooperatives underand Fabiano Schivardi, “Credit within the Firm.”

Agro-industrialization in Rural China: An EmpiricalNo. 98 (December 2009) Zhiyuan Li and Miaojie Yu,

Analysis based on Household and Administrative“Exports, Productivity, and Credit Constraints: A

Village Surveys” (in Japanese).

Firm-Level Empirical Investigation of China.”

No. 87 (September 2009) Kiyoyasu Tanaka,

No. 99 (December 2009) Carol Corrado and Julia“Re-estimating the Knowledge-Capital Model:

Lane, “Using Cyber-enabled Transaction Data to

Evidence from Japanese and US Multinational

Study Productivity and Innovation in Organizations.”

Enterprises.”

No. 100 (December 2009) Nicholas Greenia, Kaye

No. 88 (September 2009) Shintaro Yamaguchi,

Husbands Fealing, and Julia Lane, “Studying“Formation of Heterogeneous Skills and Wage

Innovation in Businesses: New Research

Growth.”Possibilities.”

No. 89 (October 2009) Kyoji Fukao, Tomohiko Inui,No. 101 (December 2009) Kozo Kiyota and Tetsuji

Keiko Ito, Young Gak Kim, and Tangjun Yuan, “AnOkazaki, “Industrial Policy Cuts Two Ways:

International Comparison of the TFP Levels and the

Evidence from Cotton Spinning Firms in Japan,

Productivity Convergence of Japanese, Korean,

1956-1964.”

Taiwanese and Chinese Listed Firms.”

No. 102 (December 2009) Chia-Hui Huang and

No. 90 (October 2009) Nozomi Kawanobe andChih-Hai Yang, “Tax Incentives and R&D Activity:

Mitsuhiko Kimura, “North Korea’s Exports to Japan:

Firm-Level Evidence from Taiwan.”

1961-2006” (in Japanese).

No. 103 (December 2009) Richard Fabling, “A RoughNo. 91 (October 2009) Keita Owari, “A Note on Utility

Guide to New Zealand’s Longitudinal BusinessMaximization with Unbounded Random

Database.”

Endowment.”

No. 104 (December 2009) Kazuhiro Kumo,

No. 92 (November 2009) Toshio Honda,“Determinants of Childbirth in Russia: A Micro-Data“Nonparametric Regression for Dependent Data in

Approach.”the Errors-in-Variables Problem.”

No. 105 (December 2009) Akira Kawai, Shigeru Hirota,

No. 93 (December 2009) Fukunari Kimura, “Theand Tomohiko Inui, “The Environment for Microdata

Nature and Characteristics of Production Networks

Access in Japan: A Comparison with the Unitedin East Asia: Evidences from Micro/Panel Data

States and Britain and Future Issues.”

Analyses.”

No. 106 (December 2009) Eric Ramstetter, “Firm- andNo. 94 (December 2009) Kazunobu Hayakawa,

Plant-level Analysis of Multinationals in Southeast

Fukunari Kimura, and Toshiyuki Matsuura, “Gains

Asia: The Perils of Pooling Industries and Balancing

from Fragmentation at Firm Level: Evidence from

Panels.”Japanese Multinationals in East Asia.”

No. 107 (December 2009) Dean R Hyslop and DavidNo. 95 (December 2009) Christian Helmers and MarkC Maré, “Job Mobility and Wage Dynamics.”

Rogers, “Patents, Entrepreneurship andNo. 108 (December 2009) Hidenobu Okuda and7

Yasushi Take, “Institutional Change and Corporate

No. 114 (February 2010) Yukinobu Kitamura, Mahito

Financing in Indonesia: Estimating the Effects ofOomori, and Kenta Nishida, “The Effects ofSocial and Political Factors on Capital Structure.”

Electronic Money on Money Demand: Time SeriesNo. 109 (December 2009) Yasushi Iwamoto, Miki

Analysis” (in Japanese).

Kohara, and Makoto Saito, “On the Consumption

No. 115 (February 2010) Daisuke Nagakura andInsurance Effects of Long-term Care Insurance inToshiaki Watanabe, “A State Space Approach toJapan: Evidence from Micro-level Household Data.”

Estimating the Integrated Variance under theNo. 110 (February 2010) Hidenobu Okuda and Lai Thi

Existence of Market Microstructure Noise.”Phuong Nhung, “The Determinants of theNo. 116 (February 2010) Jota Ishikawa and Toshihiro

Fundraising Structure of Listed Companies inOkubo, “Environmental Product Standards in

Vietnam: Estimation of the Effects of Government

North-South Trade.”

No. 117 (February 2010) Ralph Paprzycki andOwnership.”No. 111 (February 2010) Yasushi Nakamura, “Money

Keiko Ito, “Investment, Production and Tradein the Soviet Administrative Command Economy: A

Networks as Drivers of East Asian Integration.”

Quantitative Analysis.”
No. 112 (February 2010) Yasuhiro Arai, “Intellectual

Global COE Hi-Stat Discussion Paper Series

Property Right Protection in the Software Market.”

http://gcoe.ier.hit-u.ac.jp/english/research/discussion/i

No. 113 (February 2010) Kenta Ikeuchi and Hiroyuki

ndex.html

Okamuro, “Effects of Regional Human Capital
Structure on Business Entry: A Comparison of
Independent Startups and New Subsidiaries in
Different Industries.”

Seminars and Conferences (September 2009－January 2010)
73rd (September 15, 2009)
Economic

Statistics

2009 Conference
Seminars

for

Young

co-organized

Researchers, “MCMC Application into Economic

with

the

Research

InstituteofEconomy, Trade and Industry (RIETI)
76th (October 6, 2009)

Data”
co-organized with the Ministry of Education, Culture,

Industrial Organization and Labor Economics

Sports, Science and Technology’s Grant-in-Aid forWorkshop

Scientific Research (A) on “Bayesian Econometric

Tor Eriksson (Arhus School of Business), “Foreign

Analysis of Financial Risk and Economic Behavior”

Ownership Wage Premia in Emerging Economies:th

Evidence from Czech Republic”

74 (September 24 - 25, 2009)

77th (October 16 – 17, 2009)

Hitotsubashi G-COE Conference on Choice, Games,
and Welfare 2009: Mechanism Design

Quantitative Analysis of Newly Evolving Patterns ofco-organized with the Center for Research on

Japanese

Contemporary Economic Systems

Fragmentation; Offshoring of Activities; and VerticalthIntra-Industry Trade

Comparative Analysis of Enterprise Data (CAED)

hosted by Robert M. Stern (Economics and Public

75 (October 2 – 4, 2009)

8

and

U.S.

International

Trade:

Policy in the Gerald R. Ford School of Public Policyin Shanghai in the 1920s” (in Japanese)
85th (November 18 – 19, 2009)and Department of Economics of the University ofMichigan);co-organized

by

Kyoji

Fukao

Mini Workshop on Philippine Historical Economic(Hitotsubashi

University)

and

Kozo

KiyotaStatistics
86th (November 24, 2009)(Yokohama National University)
78th (October 20, 2009)

Hitotsubashi GCOE Lectures on International Trade

Industrial Organization and Labor Economics

co-organized with the Center for Research on

WorkshopContemporary Economic Systems

Shinya Kajitani (Meisei University), “Working in Old

Kala

Age and Health Outcomes in Japan”

University), “When Trade Hurts” and “Distortions,thTrade and Trade Policy” and “Trade Policy with

Seminar on Economic Theory

Endogenous Entry”

79 (November 5, 2009)

Economic

Systems

and

Yokoo

(Kyushu(The

Pennsylvania

State

2nd Global COE Research Workshop

theMoon Ho ll (Institute of Economic Research), “WhyWorkshop on Economic Theory
MakotoKrishna87th (November 26, 2009)

co-organized with the Center for Research onContemporaryM.

are North Koreans’ Physiques Low?“ (in Japanese)

University),

88th (November 30 - December 1, 2009)“False-name-proof Auction Mechanisms”
80th (November 7-8, 2009)

Mini Lecture by Professor Kotaro Suzumurath

4 Applied Econometrics Conference

co-organized with the Center for Research on

co-organized with Osaka University Global COE

Contemporary Economic Systems

Program, “Human Behavior and Socioeconomic

Kotaro Suzumura (Waseda University / Hitotsubashi

Dynamics”

University), “Principles of Welfare Economics” (instJapanese)81 (November 10, 2009)

89th (December 2, 2009)

Industrial Organization and Labor Economics
WorkshopForum on “How to Tackle Poverty － Views ofHarry Paarsch (University of Melbourne), “Using

Hitotsubashi Economists”

Grid Distributions to Test for Affiliation in Models of

Ryo Kambayashi (Institute of Economic Research),

First-Price Auctions with Private Values”

Daiji Kawaguchi (Faculty of Economics), MasayoshindHayashi (Faculty of Economics), Eiji Tajika (Faculty

Hitotsubashi COE Trade Workshop for Youngof Economics), and Yukinobu Kitamura (Institute of

Researchers

Economic Research)

82 (November 14 – 15, 2009)

90th (October 13, 20, 27, November 10, 24, andco-organized with the Center for Research onContemporary Economic Systems

December 1, 2009)rd

Global COE Lecture: Econometrics of Auctions

Industrial Organization and Labor Economics

Harry Paarsch (The University of Melbourne)

83 (November 17, 2009)

91st (December 10, 2009)

WorkshopAkihito Asano (Australian National University), “The3rd Global COE Research Workshop

Nature of Inferior Inputs”

Hidenao Takahashi (Hitotsubashi University), “ThethSterling Crisis of 1931 Revisited－An Analysis ofst

1 Global COE Research Workshop

Spot and Forward Rates in the London Foreign

Koji Hayashi (Institute of Economic Research),

Exchange Market” (in Japanese)

84 (November 18, 2009)

92nd (December 12 – 13, 2009)“Collegiate Business Education and Church Schools

9Hitotsubashi GCOE Conference on International

Global COE Hi-Stat Mini Lecture co-organized by

Trade and FDI 2009

the Arab Group and Supervisory Groupco-organized with the Center for Research on

Kyoji Fukao (Institute of Economic Research) andContemporary Economic Systems

Toshihiko Settsu (Institute of Economic Research),rd“Estimation Method of Long-term Statistics forJapan Society for the Promotion of Science (JSPS)

Japan’s GDP by Prefecture and the Income from

Invitational

Training

Programthe Tertiary Industry (in Japanese)

Japanese

Research

Institutes,

93 (November 25 and December 2, 9, 16, 2009)
forAdvanced

99th (January 14, 2010)

Distinguished

Scholar Lectures

5th Global COE Research Workshop

co-organized with the Center for Intergenerational

Maki

Studies, Institute of Economic Research“Multidimensional Poverty Rankings based on

Vijay Krishna (The Pennsylvania State University),

Pareto Principle”“AsymmetricAuctions,”“ResaleinMichinaka(Hitotsubashi

University),

100th (January 21, 2010)

Auctions,”“Collusion,” and “Auctions with Interdependent

6th Global Research Workshop

Values”

Sho Tsukada (Hitotsubashi University), “Searchingthfor Tipping Points for Outflows of Staffs in VoluntarythRetirement Programs” (in Japanese)

94 (December 17, 2009)
4 Global COE Research Workshop

101st (January 23, 2010)

Mihoko Takahama (Institute of Economic Research),“Monthly Mortality Analysis of the Spanish Flu

2nd One Day Workshop on Analytical Political

1918-1919, Exactly When the Outbreak Is, Peaked

Economy in Japanand Ceased?: An Experience of Madras in India (inHiroakiJapanese)

Growth, Distribution, and Employment: A Long-Run

th

Kaleckian Model”

Workshop on Economic Theory

Takashi Ono (Ritsumeikan University), “Models of

Yongsheng Xu (Georgia State University), “Choice,Competition between Firms: A Long-Run Kaleckian

Internal Consistency, and Rationality”

Model”

95 (December 17, 2009)

ArthurCampbell(Yale

University),

“Tell

Your

SasakiHiroyuki(Tohoku(NihonYoshidaUniversity),

University),

Friends! Word of Mouth in Social Networks”

Dynamics:

thDornbusch-Fischer Model“ (in Japanese)

Global COE Special Seminar

Naoki

96 (December 21 – 22, 2009)(Cass(Hitotsubashi

theUniversity),

University London), “Risk-adjusted Measures ofTheory of Political Competition over Military Policy

Value

and Income Redistribution” (in Japanese)in

Financial

School,of“Imperialist Policy versus Welfare State Policy: A

Creative

Business“Inflation

City

AlistairMilne

Reconsideration

Yoshihara“Conflict,

Institutions,”

102nd (January 23 - 24, 2010)“Macro-prudential Policy: Is it Really so New?” and“Liquidity, Bank Credit and Money”

JournalthConferenceth

9 Panel Survey Conference

Macroeconomic

co-organized with the Institute for Research on“Macroeconomics and Reality” and Five Years afterHousehold Economics, the COE Programs by Keio

“Nominal Rigidities and the Dynamic Effects of a

University and Osaka University, and the Institute of

Shock to Monetary Policy”

Social Science at the University of Tokyo

co-organized with the Institute for Monetary andth

Economic Studies (IMES), Bank of Japan

97 (December 24, 2009)

98 (January 12, 2010)

10of

Economicon

Dynamics

Frontiers

Modeling:

andinThirtyControl
Structural

Years

after

John E. Roemer (Yale University)

Christopher Sims (Princeton University), Lawrence
Christiano (Northwestern University), Frank Smets(European Central Bank), Siddhartha Chib
(Washington University), and Martin Eichenbaum(Northwestern University)
103rd (January 28, 2010)
7th Global Research Workshop“A Dynamic Analysis of Human Welfare in a
Warming Planet,” “The Ethics of Intergenerational
Resource Allocation in a Warming Planet,” “Kantian
Equilibrium,” and “Incentive versus Coordination as
Market Functions”

Masanori Takashima (Hitotsubashi University),
Transition of Statistics and Research Activities in the
History of the Bank of Japan: Focusing on Prewar
Period104th (January 25, 26, 28, 29, 2010)
Global COE Lecture

Past Seminars
http://gcoe.ier.hit-u.ac.jp/english/events/past_seminars/index.html

Awards52nd (2009) Nikkei Economics Book Award
Prof. Ryo Kambayashi and Prof. Daiji Kawaguchi are

4th Junzo Kashiyama Memorial Prize

Program Member of the Global COE Hi-Stat Program

Dr. Koji Hayashi, COE Researcher of G-COE Hi-Stat,(G-COE Hi-Stat) and their book, Foreign Labor Force

received the 4th Junzo Kashiyama Memorial Prize forin Japan: Analysis from Economics Viewpoints (inhis book, Building Banking System in Modern China:

Japanese, authored with Jiro Nakamura, Hisahiro

From Great Depression to Early Communist Period,

Naito, and Tomohiro Machikita; Nikkei Publishing Inc.,

1915-1953 (in Japanese, Ochanomizushobo, 2009).

2009) won the Nikkei Economics Book Award.

Global COE Hi-Stat Newsletter No. 3 (February 2010)
Issued by Hitotsubashi University Global COE Program
Research Unit for Statistical and Empirical Analysis in Social Sciences
c/o Institute of Economic Research, Hitotsubashi University
2-1 Naka, Kunitachi, Tokyo 186-8603 Japan
Tel: +81-42-580-8386
Fax: +81-42-580-8333
E-mail: GCOE-info@ier.hit-u.ac.jp
URL: http://gcoe.ier.hit-u.ac.jp/english/index.html

11