Annual Report
English
April 2011 – March 2012
Research Institute of Economy, Trade and Industry, IAA
Contents
01 Messages from the Chairman and the
President
02 The Feature: RIETI’s Activities in fiscal
2011
07 Research Activities / Research Programs
08 List of Research Projects
38 Discussion Papers & Policy Discussion
Papers
45 Public Relations Activities
46 Website
47 Publications
52 Symposiums
55 Workshops & Seminars
57 Publicity Materials
58 BBL Seminars
61 List of Fellows
67 Organisation & Others
Abbreviations
RIETI : Research Institute of Economy, Trade and
Industry, IAA
METI : Ministry of Economy, Trade and Industry
JETRO: Japan External Trade Organisation
IMF : International Monetary Fund
OECD: Organisation for Economic Co-operation
and Development
CRO : Chief Research Officer
SRA : Senior Research Advisor
PD: Program Director
VP : Vice President
F: Fellow
SF : Senior Fellow
FF : Faculty Fellow
CF : Consulting Fellow
VF : Visiting Fellow
VS : Visiting Scholar
RC : Research Coordinator
About RIETI
The Research Institute of Economy, Trade and Industry (hereinafter referred to as RIETI), an
incorporated administrative agency, was founded in April 2001, at the time of the launch of the
incorporated administrative agency system. RIETI was established upon the foundations laid by its
forerunner, the Ministry of International Trade and Industry/Research Institute (MITI/RI, established
in April 1987), an internal branch of what was then the Ministry of International Trade and Industry.
Under the aegis of the ministry, MITI/RI primarily conducted fundamental research on trade policy
as well as on the overall economic situations in Japan and abroad from both theoretical and
empirical viewpoints.
With the 21st century comes an era of change. In order to ensure its future as a mature and vibrant
society in this rapidly changing international environment, Japan must proceed with bold reform
of its economic structure as well as in its administrative and fiscal systems. Against this backdrop,
there have been growing calls for strengthening the government’s ability to formulate vigorous
and innovative policies in a variety of fields, going beyond the traditional confines of policymaking processes and leading Japan to proactively deploy policies that respond to increasingly
global dynamics and influences.
In response to such calls, RIETI was established as a policy research institute with a certain degree
of independence from the administrative authorities to carry out study, analysis and research on
various policy issues at an internationally reputable level from a medium- to long-term perspective,
thereby accumulating the necessary knowledge to formulate and recommend policy options. RIETI
has set up an overall framework of research themes to respond to the policy-making needs. Within
this overall framework, fellows undertake their own research in a free atmosphere, building organic
linkages with other current research. Furthermore, RIETI incorporates the knowledge and insights
of outside experts into its research, through symposiums and other forums. RIETI thus contributes
to policy debates and formulation through the built-in synergy in its research and its proactive
dissemination of its research, leading to policy recommendations. For the realization of a flexible
and interdisciplinary research environment, a diverse group of fellows are engaged in research
at RIETI. In addition to fulltime fellows, RIETI also appoints part-time fellows consisting of Faculty
Fellows who concurrently hold positions at universities, and Consulting Fellows who concurrently
hold positions at METI, other ministries, government agencies and organizations.
On March 11, 2011, the Great East Japan Earthquake occurred. Since the beginning of fiscal
2011, RIETI has been launching new research projects toward quake revival and disseminating
information through posting special columns on the RIETI website and hosting Brown Bag Lunch
(BBL) seminars, etc., to be the catalysts for creating a new Japan to overcome this unprecedented
crisis. From November to December, we held three earthquake-related symposiums.
Fiscal 2011 marked the first year of our third medium-term plan (fiscal 2011 to fiscal 2015). We
established nine new research programs and conducted multiple research projects headed by
the program directors assigned to each program. To enhance our research activities, we set up
an External Advisory Committee, which consists of external experts at Japanese and foreign
universities and research institutes, etc., to verify our research progress and efficiency, and the
degree of influence in policy formation. The Committee had vigorous discussions regarding which
direction RIETI should head toward in the future.
Amid the growing issues in the Japanese and overseas economies, such as reconstruction after the
Great East Japan Earthquake and the economic crisis in Europe, in our third medium-term plan, we
seek to increase our international reputation as a policy research institute by becoming a hub for
academic studies and policy practices, aiming to crystallize our knowledge while maximizing the
achievements and experience we gained in our first and second medium-term plans.
Messages from the Chairman and the President
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　1
RIETI was established in 2001 with the mission to conduct effective and efficient public policy research. RIETI has developed an excellent reputation both in Japan and abroad over the past 11 years
for its evidence-based theoretical and empirical research, working in synergy with policy authorities.
During fiscal 2011 which started in April 2011, we published more than 100 discussion papers and
policy discussion papers on topics covering economic and financial issues, social security, and labor,
as well as hosted or co-hosted 12 symposiums and seminars including those related to the Great East
Japan Earthquake.
Under the third medium-term plan covering the five-year period (fiscal 2011-fiscal 2015) starting in
April 2011, we will continue to conduct research from the viewpoints of incorporating the growth of
the world economy, developing new growth areas, and responding to changes in society and creating new economic and social systems for sustainable growth.
The world economy is facing difficult challenges such as the sovereign debt crisis in Europe and a
rise in energy prices, thus growth is slowing down. The Japanese economy is also dealing with a
vast number of its own challenges in addition to the recovery from the Great East Japan Earthquake.
Japan's population is aging quickly due to an extremely low fertility rate, and its companies are engaged in fierce global competition. It must incorporate the robust growth of other Asian economies
in order to restore its economic dynamism.
Amidst these challenges, it is essential that Japan continue its structural reform efforts in order to
achieve sustainable and stable growth and further improve the quality of life for its people. RIETI will
continue to leverage its maximum capabilities built over the years and achieve research capable of
providing insights and contributions to the formulation of economic, trade, and industrial policies.
Your encouragement and continuous support of RIETI are greatly appreciated.
May 2012
NAKAJIMA Atsushi
Chairman
Under the third medium-term plan covering the five-year period starting in April 2011, RIETI has established its mission to undertake theoretical and empirical research to create a grand design of putting the Japanese economy on a growth path and solidifying sustainable growth in the future. To this
end, we will proceed with research activity by always keeping in mind our Three Priority Viewpoints: 1)
incorporating the growth of the world economy, 2) developing new growth areas, and 3) responding
to changes in society and creating new economic and social systems for sustainable growth.
The first viewpoint reflects the importance of incorporating the growth of the world economy—
particularly emerging Asia that has achieved remarkable results in recent years—to promote trade,
investment, and business activities by leveraging Japan's scientific and technological capabilities.
The second viewpoint represents the importance of theoretically and empirically analyzing research
and development (R&D) policy and productivity improvement as a way to help develop new growth
industries, particularly in areas related to green innovation and life innovation, by taking advantage
of Japan's strength and social conditions. Finally, the third viewpoint exhibits the importance of overcoming a range of constraints we face today, such as an aging population, deteriorating fiscal health,
the need to protect the environment, as well as building sound economic and social systems able to
meet the changing needs of society in an effort to support the sustainable growth of our country.
Cognizant of these three Priority Viewpoints, we will comprehensively conduct the kind of research
that would be conducive to ensuring our country's sustainable growth this century in close collaboration with researchers from outside RIETI, policymakers in Japan, as well as with overseas researchers
including those from other Asian countries, the United States, and Europe.
On March 11, 2011, Japan was hit by the catastrophic Great East Japan Earthquake that has turned out
to be one of the most devastating natural disasters it has ever experienced. In order for Japan to overcome what we should consider to be our greatest crisis in postwar history and to revive the country,
RIETI is determined to make comprehensive efforts to undertake research not only for addressing the
immediate needs but also taking into account both medium- and long-term viewpoints.
May 2012
FUJITA Masahisa
President & CRO
The Feature: RIETI’s Activities in Fiscal 2011
Fiscal 2011 marked the first year of RIETI s third medium-term plan (fiscal 2011 to fiscal 2015). RIETI s primary mission in its third medium-term plan
is to undertake theoretical and empirical research to create an overall blueprint for putting the Japanese economy on a growth path and solidifying sustainable growth in the future. To this end, RIETI began developing a research framework tailored to this and established a framework that
focused on nine research programs (see 1. (1) below). Regarding the policy issues arising from the Great East Japan Earthquake, which caused the
largest-ever multiple disasters in Japanese history, RIETI was able to pursue a number of different approaches and disseminate information. Excellent researchers in a broad range of fields who hold positions at universities and other institutions joined together as RIETI fellows and furthered
their own research, taking advantage of RIETI s agility, one benefit of being an incorporated administrative agency.
Following are the research and public relations activities RIETI introduced in fiscal 2011, including endeavors related to the Great East Japan Earthquake, on which RIETI placed particular importance.
1. Research Activities
(1) Developing a research framework
In the first year of its third medium-term plan, RIETI established nine research programs covering a broad range of policy areas, including trade, industrial, and economic policies, based on the Three Priority Viewpoints to be kept in mind at all times when carrying out research activity presented
by the government. Each research program appoints a leading expert in its respective research field to be the program director and oversees the
individual research projects conducted by fellows. The programs are designed so that the research plans and the contents of the research projects
interact in an organic manner through brainstorming workshops (BSWS) at the time when research projects are launched and through midterm
workshops. In the nine programs, many new research projects related to restoration and reconstruction after the Great East Japan Earthquake
were launched. We have decided that these research programs and research projects should be reviewed at an appropriate time so that they can
flexibly respond to changes in economic circumstances and research needs (see Research Activities on page 7).
Three Priority Viewpoints on economic and industrial policies to be kept in mind when carrying out research activities:
1) Incorporating growth of the world economy
2) Developing new growth areas
3) Responding to changes in society and creating new economic and social systems for sustainable growth.
Research Program in fiscal 2011
Program Director
I. International Trade and Investment
WAKASUGI Ryuhei, FF
Number of Research Projects under the Program
7
II. International Macroeconomics
ITO Takatoshi, FF
6
III. Regional Economies
HAMAGUCHI Nobuaki, FF
6
IV. Technology and Innovation
NAGAOKA Sadao, FF
5
V. Raising Industrial and Firm Productivity
FUKAO Kyoji, FF
7
VI. New Industrial Policy
OHASHI Hiroshi, FF
7
VII. Human Capital
TSURU Kotaro, SF
5
VIII. Social Security, Taxation, and Public Finance
FUKAO Mitsuhiro, FF
3
IX. Policy History and Policy Assessment
TAKEDA Haruhito, FF
SP. Special Projects
3
10
Total Number of Research Projects
59
(2) Research papers
(3) Research cooperation
We published 108 research papers including Discussion Papers (DPs)
and Policy Discussion Papers (PDPs). DPs are theoretical, analytical,
and empirical research papers written in the form of an academic
journal. As in the previous fiscal year, more DPs were written in English than in Japanese (61 in English versus 37 in Japanese), reflecting
our intention to disseminate them globally. On the other hand, there
were more PDPs written in Japanese than in English, as their purpose
is to contribute to policy discussions in a timely manner (9 in Japanese versus 1 in English). A total of 4 DPs and PDPs on the topics surrounding the Great East Japan Earthquake were released, and we
expect to achieve a more fruitful outcome in and after fiscal 2012 (see
the list of DPs and PDPs on page 38).
We made further progress in research cooperation with other institutions. In this field, we concluded a memorandum of understanding
(MOU) in cooperation with the Council on Foreign Relations (CFR)
in the United States to standardize the fellowship acceptance process
between the two institutions. We also renewed an MOU for another
five years with the Development Research Center of the State Council
(DRC) in China, with which we have been conducting joint research
since 2006. We also held a workshop in London with the Centre for
Economic Policy Research (CEPR) in Europe, with which we have been
working closely since fiscal 2007. Through these cooperative relationships, we deepened our international network and enhanced our
research activities.
Research Instiute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　2
2. Public Relations Activities
(1) Symposiums and seminars
In fiscal 2011, we held 12 symposiums and seminars. Of these, we held two large symposiums in November on economic growth and enhancing
industrial competitiveness after the Great East Japan Earthquake, and incorporated the post-March 11 viewpoint in a symposium on labor market
reform, which is part of a series we have been holding since fiscal 2009. As such, in fiscal 2011, we emphasized responses to the Great East Japan
Earthquake. We also introduced the latest overseas studies and disseminated our research results abroad through a workshop conducted jointly by
Japan and South Korea and a special lecture given by Professor Dale W. JORGENSON of Harvard University (see the list of symposiums and seminars
on page 52 and page 55).
■RIETI Policy Symposiums
Toward Strengthening Industrial Competitiveness Following the
Great East Japan Earthquake: Efforts by the industrial sector and
policy response
We discussed efforts in industrial circles to enhance the competitiveness of the Japanese industries that were hit hard by the quake and to
revitalize the economy in the Tohoku region. This, in turn, will revitalize the entire Japanese economy and overcome the slowdown since
the bursting of the economic bubble. We also discussed the necessary
policy responses for these endeavors, such as further utilizing market
mechanisms and opening up more trade opportunities.
(http://www.rieti.go.jp/en/events/11110701/info.html)
Toward Sustainable Economic Growth Following the Great East Japan Earthquake: Restructuring of the economic infrastructure and
policy response
We examined the economic infrastructure situation and financial
functions in the Tohoku region after the quake, as well as the vulnerability of Japan s economic infrastructure, as demonstrated by its energy situation and fiscal condition, which have been re-emphasized.
We also discussed the policy responses that would lead to rapid
restoration and rebuilding, as well as the reconstruction of the above
mentioned infrastructure and medium- and long-term growth.
(http://www.rieti.go.jp/en/events/11111501/info.html)
■Brown Bag Lunch (BBL) Seminars
RIETI provides a venue for policy discussions with policy practitioners, academics, journalists, and diplomats during lunch breaks, and invites
Japanese and foreign experts as lecturers. In fiscal 2011, we held 60 BBL Seminars, which covered a wide range of subjects including energy, the
environment, trade policies, industrial policies, macroeconomics, the global economy, the Chinese economy, small and medium enterprises (SMEs)
and ventures, and finance. These active discussions transcend the boundaries of industry, government, and academia. There were 15 BBL Seminars
related to the Great East Japan Earthquake (see the list of BBL Seminars on page 58).
February 7, 2012
SAKANE Masahiro (Chairman of the Board,
Komatsu Ltd.)
"DANTOTSU Management: Working to become a company that builds on strengths
from one generation to another / Having
confidence in a Japan-based global company"
January 31, 2012
Surin PITSUWAN (Secretary-General of
ASEAN)
"ASEAN and Regional Integration"
November 11, 2011
Joe OLIVER (Minister of Natural Resources,
Government of Canada)
"Canada's Emergence as a Global Energy
Superpower"
April 21, 2011
FUKAO Mitsuhiro (Professor, Faculty of
Economics, Keio University)
"Economic Policy after the Great East
Japan Earthquake"
3
(2) Publications
In fiscal 2011, RIETI published 11 books as a compilation of its research results. This marked a record high number for RIETI s annual publications
(see the list of RIETI publications on page 47).
■History of Japan＇s Trade and Industry Policy in 12 volumes continues (publication of Volumes 5, 6, 10, and 11)
Under the Policy History and Policy Assessment program, one of the nine research programs in the third medium-term plan, we publish books as
a compilation based on the research results of the "Compilation of the History of Japan s Trade and Industry Policy" project carried out in RIETI s
second medium-term plan. While continuing some related research, we published Volumes 5, 6, 10, and 11 of the series in fiscal 2011, following the
publication of Volumes 4 and 9 in the previous fiscal year (see Policy History and Policy Assessment program on page 28).
Title
Coordinating Lead Authors
Vol. 1 General Overview
ODAKA Konosuke (Professor Emeritus, Hitotsubashi University / Professor Emeritus, Hosei University)
Vol. 2 Trade Policy
ABE Takeshi (Professor, Graduate School of Economics, Osaka University)
Vol. 3 Industrial Policy
OKAZAKI Tetsuji (Professor, Graduate School of Economics, The University of Tokyo)
Vol. 4 Distribution Policy / Consumer AdministraISHIHARA Takemasa (Professor, School of Business Administration, Kwansei Gakuin University)
tion
Vol. 5 Environment, Location, and Safety Policy
TAKEDA Haruhito (Professor, Graduate School of Economics, The University of Tokyo)
Vol. 6 Basic Industry Policy
YAMAZAKI Shiro (Professor, Faculty of Urban Liberal Arts, Tokyo Metropolitan University)
Vol. 7 Machinery and Information Industry Policy
HASEGAWA Shin (Vice President and Professor of School of Business, Aoyama Gakuin University)
Vol. 8 Consumer Goods Industry Policy
MATSUSHIMA Shigeru (Professor, Graduate School of Management of Science and Technology, Tokyo University of Science)
Vol. 9 Industrial Science and Technology Policy
SAWAI Minoru (Professor, Graduate School of Economics, Osaka University)
Vol. 10 Natural Resources and Energy Policy
KIKKAWA Takeo (Professor, Graduate School of Commerce and Management, Hitotsubashi University)
Vol. 11 Intellectual Property Policy
NAKAYAMA Nobuhiro (Professor Emeritus, The University of Tokyo / Professor, Organization for the Strategic Coordination of Research and Intellectual Property, Meiji University)
Vol. 12 Small- and Medium-sized Enterprise Policy
NAKATA Tetsuo (Professor, Graduate School of Business, Doshisha University)
Other Publications in fiscal 2011
Research Instiute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　4
(3) Public relations magazine, RIETI Highlight
Each quarter, we publish RIETI Highlight, a public relations magazine that introduces RIETI s latest activities. In fiscal 2011, we published an English
version as a special edition. For each edition, we look at timely topics and present them as features. We published two editions that featured the
Great East Japan Earthquake: "Quake Revival" (a special English edition, the 37th edition) and "Beyond the Great East Japan Earthquake" (a quarterly edition, the 38th edition) (see Publicity Materials on page 57).
(4) Website
We created a subpage so that users can see our research results related to the Great East Japan Earthquake in aggregate. Not only is information on
symposiums and seminars available, but also are earthquake-related articles contributed to newspapers and magazines by fellows (see Website on
page 46).
Chinese
Japanese
English
■Roundtable Discussion Series on the Great East Japan Earthquake
A few months after the Great East Japan Earthquake, we held a series of three discussions with RIETI s chairman, fellows in related fields, and eminent business leaders. By receiving opinions and suggestions from these key figures regarding the post-quake situation, future prospects and efforts, and lessons from the earthquake, we deepened discussions on specific measures and issues for our industrial recovery in the future.
http://www.rieti.go.jp/en/special/dialogue/index.html
■Perspectives from Around the World
In considering Japan s future policies in the global context, it is crucial to discuss various relevant issues by inviting and incorporating opinions
from around the world. In the Perspectives from Around the World section, which introduces the views of some of the world s leading researchers
regarding various issues including economic policy, security, and environmental problems, there were three columns related to the quake.
http://www.rieti.go.jp/en/special/p_a_w/index.html
■RIETI Columns, Special Reports, and Reposting of Newspapers and Magazines Articles by Fellows
In the columns written by fellows that are posted biweekly on RIETI s website and the Special Reports that cover issues in the spotlight, we actively
covered the topics of the Great East Japan Earthquake. We also reposted a number of articles contributed to newspapers and magazines by fellows.
5
RIETI’s Efforts Related to the Great East Japan Earthquake in Fiscal 2011
Note: Titles and affiliations are current as of the time of the events.
Four Perspectives from Around the World
Securing a Future Energy Supply in a Sustainable Manner
TANAKA Nobuo (Executive Director, International Energy Agency)
Why I Believe in Japan
Tommy KOH (Co-Chairman, Japan-Singapore Symposium)
Innovation and Entrepreneurship as Keys to Revival After 3/11 John V. ROOS (U.S. Ambassador to Japan)
The German Path to the Energy of the Future: Reliable, affordable, and environmentally sound
Volker STANZEL (German Ambassador to Japan)
Four DPs & PDPs
Japan and Economic Integration in East Asia: Post-disaster scenario
FUJITA Masahisa, President & CRO and HAMAGUCHI Nobuaki, FF
Natural Disasters and Firm Dynamics
UESUGI Iichiro, FF, et al.
Evaluating the Economic Response to Japan's Earthquake
Molly K. SCHNELL and David E. WEINSTEIN
The Economic Impact of the Great East Japan Earthquake: Comparison with other disasters, supply chain
disruptions, and electric power supply constraint
TOKUI Joji, FF, et al.
Eight Special Reports
Post-quake Restoration Policy for East Japan from the Viewpoint of Spatial Economics
FUJITA Masahisa, President & CRO
The Accident at the Fukushima Daiichi Nuclear Power Plant and its Impact on Energy Policy
KAINOU Kazunari, F
Reconstruction after the Great East Japan Earthquake and Changes in Energy Supply and Demand in
Afflicted Areas: A comparison of changes in energy supply and demand in Hyogo Prefecture before and
after the Great Hanshin-Awaji Earthquake
KAINOU Kazunari, F
Utilizing the Market Mechanism for Successful Post-quake Reconstruction
WAKASUGI Ryuhei, FF
The Short-term Impact of the Great East Japan Earthquake on Energy Supply and Demand in Japan: An
observation and analysis of changes in energy supply and demand in March 2011
KAINOU Kazunari, F
The Short-term Impact of the Great East Japan Earthquake on Household Consumption Expenditures by
Region and Item: An analysis of post-earthquake reconstruction and voluntary cutbacks in consumption
KAINOU Kazunari, F
Japan's Recovery by Removing Borders and Decentralization: From a spatial economics perspective
FUJITA Masahisa, President & CRO
Japan's Growth Strategies: After the Great East Japan Earthquake
MORIKAWA Masayuki, VP
Three RIETI Policy Symposiums
Toward Strengthening Industrial Competitiveness Following the Great East Japan Earthquake: Efforts by
the industrial sector and policy response
Toward Sustainable Economic Growth Following the Great East Japan Earthquake : Restructuring of the
economic infrastructure and policy response
Pay and Benefits System Reform and Post-3/11 Labor and Employment Policy
Sixteen Special Columns
Overcoming Challenges Brought on by the Unprecedented Disaster: Post-quake economic policies
KOBAYASHI Keiichiro, SF
The Impact of the Great East Japan Earthquake on International Trade
TANAKA Ayumu, F
Now is the Time for Statistics to Shine: The first step of reconstruction after the Great East Japan
Earthquake
UNAYAMA Takashi, FF
Toward Reconstruction after the Great East Japan Earthquake: Let the future change the past
TSURU Kotaro, SF
The Response to the Electricity Shortage in Summer 2011: View from the experiences of petroleum
products consumption during the oil shocks
YOSHIDA Yasuhiko, SF
Political Stability and Economic Growth: After the Great East Japan Earthquake MORIKAWA Masayuki, VP
From a Growth Strategy to a Vision for Reconstruction
MIYAGAWA Tsutomu, FF
Beyond Reconstruction and Moving Towards New High Growth
TODO Yasuyuki, FF
Earthquake and Structural Reform
GOTO Yasuo, SF
Toward the Building of a New Social System in Restoration
USHIRO Fusao, FF
Reconsidering Risks as Preconditions for Rebirth
ONO Goro, SF
Electricity Price, the Electricity-saving Campaign, and Residential Electricity Consumption
MORIKAWA Masayuki, VP
Thinking About Offshore Outsourcing After 3/11
TOMOURA Eiichi, FF
A 15% Across-the-board-cut Would Be No Problem
KAWAGUCHI Daiji, FF
Why Isn’t a Supply and Demand Adjustment System based on Market Mechanisms Used?
KAINOU Kazunari, F
A Sense of Speed Necessary for the Recovery
HAMAGUCHI Nobuaki, FF
Nine New Research Projects in connection with the Great East Japan Earthquake
<International Trade and Investment Program>
Study of the Creation of the Japanese Economy and Trade and Direct Investment
Project Leader: WAKASUGI Ryuhei, FF/TODO Yasuyuki, FF
<International Macroeconomics Program>
East Asian Production Networks and Global Imbalances
Project Leader: Willem THORBECKE, SF
< Regional Economies Program>
Studies on the Structure of Japanese Economic Space and Japanese Supply Chains Sustaining Growth
under Globalization and Disaster Risks
Project Leader: HAMAGUCHI Nobuaki, FF
Development Policies for Robust Regional Economies, Learned from the Great East Japan Earthquake of
2011
Project Leader: OKUMURA Makoto, FF
Sustainable Regional Development: New industrial clusters and division of functions
Project Leader: NAKAMURA Ryohei, FF
<Raising Industrial and Firm Productivity Program>
Economic Impact of the Tohoku Earthquake: An analysis based on the Japan Regional Industrial
Production Database
Project Leader: TOKUI Joji, FF
< New Industrial Policy Program>
Economic Analysis of Environmental, Energy, and Resource Strategies Following the Great East Japan
Earthquake
Project Leader: MANAGI Shunsuke, FF
An International Comparative Study of Power Supply Liberalization
Project Leader: HATTA Tatsuo, FF
<Special Projects>
Research on Efficient Corporate Financing and Inter-firm Networks
Project Leader: UESUGI Iichiro, FF
Ten Contributed Articles
Among Ten articles, six were contributed for Keizai Kyoshitsu of Nihon Keizai Shimbun.
Fifteen BBL Seminars
Three Roundtable Discussion Series
Beyond Reconstruction: Can Japan achieve miraculous growth again?
TODO Yasuyuki, FF
Are There Any Lessons from the Past Natural Disasters? —Economic recovery and livelihood rehabilitation
from the Great East Japan Earthquake
SAWADA Yasuyuki, FF
The Earthquake and Genba [Manufacturing Site] Oriented National Policies
FUJIMOTO Takahiro (Professor, The University of Tokyo)
For more information, please see BBL Seminars on Page 58.
Overcoming the Catastrophic Earthquake and Passing on Japan's Manufacturing Competence to
the Next Generation
SHIGA Toshiyuki (COO, Nissan Motor Co., Ltd.)
Urban Reconstruction that Takes Full Account of the Wishes of those in the Disaster-affected Areas
HIGUCHI Takeo (Chairman and CEO, Daiwa House Industry)
The Creation of a Social Infrastructure that Accepts the Freedom of Workers is Essential
NAMBU Yasuyuki (CEO, Pasona Group)
Research Activities
Programs
International Trade and
Investment
International Macroeconomics
Regional Economies
Technology and Innovation
Raising Industrial and Firm
Productivity
New Industrial Policy
Human Capital
Social Security, Taxation, and
Public Finance
Policy History and Policy
Assessment
Special Projects
List of Research Projects
Program I : International Trade and Investment
Project Title
Project Leader
Page
I-1)
Study of the Creation of the Japanese Economy and Trade and Direct Investment
WAKASUGI Ryuhei, FF/TODO Yasuyuki, FF
10
I-2）
Empirical Analysis of Trade Policy Preferences at the Individual Level in Japan
TOMIURA Eiichi, FF
10
I-3）
Economic Analysis of Technology in the Global Economy
ISHIKAWA Jota, FF
11
I-4）
Pressing Problems of International Investment Law
KOTERA Akira, FF
11
I-5）
Case Studies and Future Directions of the Global Trading System and Governance
NAKATOMI Michitaka, SF
11
I-6）
Comprehensive Research on WTO
KAWASE Tsuyoshi, FF
12
I-7）
Comprehensive Research on the Current International Trade System
KAWASE Tsuyoshi, FF
12
Program II : International Macroeconomics
Project Title
Project Leader
Page
II-1)
Research on Exchange Rate Pass-through
ITO Takatoshi, FF
13
II-2)
Research on a Currency Basket
OGAWA Eiji, FF
13
II-3)
Research on Macroeconomic Policies Focused on Fiscal Reconstruction and Similar Measures
KOBAYASHI Keiichiro, SF
14
II-4)
Long-term Deflation in Japan: Its causes and policy implications
WATANABE Tsutomu, FF
14
II-5)
Exports and the Japanese Economy: Experiences in the 2000s and the lessons for the future
IWAISAKO Tokuo, FF
14
II-6)
East Asian Production Networks and Global Imbalances
Willem THORBECKE, SF
14
Program III : Regional Economies
Project Title
III-1)
Project Leader
Page
Studies on the Structure of Japanese Economic Space and Japanese Supply Chains Sustaining
Growth Under Globalization and Disaster Risks
HAMAGUCHI Nobuaki, FF
15
III-2)
Theory and Empirics of Urban Growth and Spatial Structure
TABUCHI Takatoshi, FF
15
III-3)
Formation of Economic Agglomerations and the Emergence of Order in their Spatial Patterns:
Theory, evidence, and policy implications
MORI Tomoya, FF
15
III-4)
Research of a Mechanism for Regional Revitalization
NAKANISHI Hodaka, SF
16
III-5)
Development Policies for Robust Regional Economies, Learned from the Great East Japan
Earthquake of 2011
OKUMURA Makoto, FF
16
III-6)
Sustainable Regional Development: New industrial clusters and division of functions
NAKAMURA Ryohei, FF
16
Program IV : Technology and Innovation
Project Title
Project Leader
Page
IV-1)
Research on Innovation Process and its Institutional Infrastructure based on Micro Data
NAGAOKA Sadao, FF
17
IV-2)
Standard Policy for Innovation
AOKI Reiko, FF
17
IV-3)
Empirical Studies on the International Comparison of Open Innovation
MOTOHASHI Kazuyuki, FF
17
IV-4)
International Comparative Analysis of Factors Affecting Start-up Activities
TAKAHASHI Noriyuki, FF
18
IV-5)
Research on the Interactions between the Business Strategies of Excellent Small and Medium
Enterprises (SMEs) and their External Environment
INOUE Tatsuhiko, FF/HOSOYA Yuji, CF
18
Program V : Raising Industrial and Firm Productivity
Project Title
Project Leader
Page
V-1)
East Asian Industrial Productivity Project
FUKAO Kyoji, FF
19
V-2)
Study on Intangible Assets in Japan
MIYAGAWA Tsutomu, FF
20
V-3)
Economic Impact of the Tohoku Earthquake: An analysis based on the Japan Regional Industrial Production Database
TOKUI Joji, FF
20
V-4)
East Asian Firm-level Productivity Project
ITO Keiko, FF
20
V-5)
Research on Measuring Productivity in the Service Industries and Identifying the Driving Factors for Productivity Growth
KWON Hyeog Ug, FF
21
V-6)
Determinants of the Productivity Gap among Firms in Japan
KIYOTA Kozo, FF
21
V-7)
Decomposition of Economic Fluctuations for Supply and Demand Shocks
KONISHI Yoko, F
21
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　8
Program VI : New Industrial Policy
Project Title
Project Leader
Page
VI-1)
Basic Research for a New Industrial Policy
OHASHI Hiroshi, FF
22
VI-2)
Issues Faced by Japan's Economy and Economic Policy: Demand, productivity, and sustained
growth
YOSHIKAWA Hiroshi, FF/
UNAYAMA TAKASHI, FF
22
VI-3)
Dynamics, Energy and Environment, and Growth of Small- and Medium-sized Enterprises
AOYAMA Hideaki, FF
22
VI-4)
Agricultural Policy Reform Aimed at Competitive Agriculture in the Age of Globalization and
Decreasing Population
YAMASHITA Kazuhito, SF
22
VI-5)
Globalization, Innovation, and Competition Policy
KAWAHAMA Noboru, FF/OHASHI Hiroshi, FF
23
VI-6)
Economic Analysis of Environmental, Energy, and Resource Strategies Following the Great East
Japan Earthquake
MANAGI Shunsuke, FF
23
VI-7)
An International Comparative Study of Power Supply Liberalization
HATTA Tatsuo, FF
23
Program VII : Human Capital
Project Title
Project Leader
Page
VII-1)
Reform of Labor Market Institutions
VII-2)
Economic Analysis of Human Resource Allocation Mechanisms within the Firm: Insider econoKAWAGUCHI Daiji, FF
metrics using HR data
24
VII-3)
Fundamental Research for the Construction of a Vibrant Economy and Society in Japan
25
VII-4)
Building a Governance System to Regulate Educational Finance from the Viewpoint of InteAKAI Nobuo, FF
grated Fiscal Management (Optimal Allocation of Resources under Fiscal Constraints)
25
VII-5)
Research on the Asian Business and Human Resource Strategy of Japanese Companies
25
TSURU Kotaro, SF
NISHIMURA Kazuo, FF
ICHIJO Kazuo, FF
24
Program VIII : Social Security, Taxation, and Public Finance
Project Title
Project Leader
Page
VIII-1) Policy Mix for Fiscal Consolidation without Harming Japan's Economic Recovery
FUKAO Mitsuhiro, FF
26
VIII-2) Toward a Comprehensive Resolution of the Social Security Problem: A new economics of aging
ICHIMURA Hidehiko, FF/
SHIMIZUTANI Satoshi, CF
26
VIII-3) Evaluation of Corporate Tax
NIREI Makoto, FF
27
Program IX : Policy History and Policy Assessment
Project Title
Project Leader
Page
IX-1)
General Overview
ODAKA Konosuke, FF
28
IX-2)
Policy History Studies
TAKEDA Haruhito, FF
28
IX-3)
History of the Policies of the Nuclear and Industrial Safety Agency
KIKKAWA Takeo, FF
28
Special Projects
Project Title
Project Leader
Page
SP-1)
Research on Efficient Corporate Financing and Inter-firm Networks
UESUGI Iichiro, SF
29
SP-2)
Research and Development on Systems for Analysis of Next-generation Energy Statistics and
Demand/Supply Trends
KAINOU Kazunari, F
29
SP-3)
Research on Innovation and Economic Growth (joint research with Kyoto University)
SABURI Masataka, CF/YASHIRO Naomitsu, CF
29
SP-4)
The Frontier of Corporate Governance Analysis: Toward the recovery of Japanese companies'
MIYAJIMA Hideaki, FF
competitiveness (corporate governance, strategic choice and performance)
30
SP-5)
Economic Analysis of Organizations and Institutions
TSURU Kotaro, SF
30
SP-6)
RIETI Data Management Project
TOMITA Hideaki, RC/KONISHI Yoko, F
31
SP-7)
Establishment of Credit Risk Database in Selected Asian Countries and Improvement of SME
YOSHINO Naoyuki, FF
Database to Promote the Efficient Allocation of Loans to the Growing SME Sector
32
SP-8)
Research on the Third Sector and the Management Problems of Third-sector Organizations in
Japan
USHIRO Fusao, FF
33
SP-9)
Survey of International Trends and Discussions in Greenhouse Gas Emission Reduction Projects under the UN Framework Convention on Climate Change
KAINOU Kazunari, F
33
MATSUDA Naoko, F
33
SP-10) Economic Analysis of Networks via Social Network Services (SNS)
9
Program
I
International Trade and Investment
Program Director WAKASUGI Ryuhei
The growth of Japan's economy is inseparable from changes in the global economy. This program, focusing on the relationship between the globalization of firms (i.e., exports and overseas production)
and growth of the Japanese economy, will study R&D and innovation of globalizing firms, international technology transfer, employment, and industrial clusters from theoretical and empirical perspectives, together with studying international trade and investment rules (i.e., the WTO and regional trade
agreements) empirically and from both legal and institutional perspectives. Furthermore, it also will
study the impacts on firms and industries of the external shock of the Great East Japan Earthquake,
changes in production networks and the structure of trade following recovery, and the effects of restrictive energy and material supply on structural changes in the Japanese economy.
Introduction of Research Projects
I-1) Study of the Creation of the Japanese Economy and Trade and Direct Investment
Project Leader: WAKASUGI Ryuhei, FF / TODO Yasuyuki, FF
＜Overview＞
While it had been hoped that Japan's economy would shift from the low growth of the "two lost decades" and shift to a new rapid growth stage,
leading to the birth of a new Japan, the Great East Japan Earthquake that struck amid such hopes caused a massive shock to Japan's society and
its economy. It is thought that in order to overcome the immediate crisis and break free from the past low growth trend, both Japanese society
and the Japanese economy need to undergo massive transitions in a wide range of areas. In the second five-year midterm period, both theoretical and empirical analysis were conducted and policy proposals were made based on a foundation of corporate heterogeneity and globalization,
seeing such corporate globalization (i.e., exports and overseas production) as keys to Japan's economic growth. Based on the results of such
study, this project will (1) add the perspective of analysis of changes in firms and industries due to the earthquake to research on the globalization
of Japanese firms and industries; (2) focus analysis on subjects such as the globalization of firms (i.e., trade and overseas investment); production
networks and industrial clusters in global markets; responses to the impacts of supply shocks of electric power and materials and related changes;
corporate R&D, innovation, and international technology transfer and corporate exports and growth; forms of corporate R&D and systems to protect intellectual property rights; corporate exports and employment structures; and industrial heterogeneity, the properties of local communities,
and determination of comparative advantage; (3) conduct unique empirical study based on microeconomic data at the industry, corporate, and
plant levels, with the addition of field study and other activities; and (4) make clear the short-, medium-, and long-term issues and problems affecting growth of the Japanese economy from a global perspective and make policy recommendations. We will also advance joint research with
the Development Research Center of China on the globalization of Chinese firms and growth in the Chinese economy, which are closely related to
the globalization of Japanese firms.
The subjects of research in this project are made up of the following topics:
1) Analysis of changes in the Japanese economy and the economies of the Tohoku and northern Kanto regions from before to after the earthquake, from the perspective of international production networks
2) Analysis of impacts of supply shocks and changes in the factor prices, including restrictions on electric power supply, and changes in the structure of Japan's comparative advantage
3) Analysis of the employment effects of exports by Japanese firms, protection of intellectual property rights, corporate R&D and trade, and corporate globalization and international technology transfer
4) Analysis of industrial heterogeneity and comparative advantage, exports and outsourcing, and the properties and comparative advantages of
local communities
5) Analysis of corporate clustering and globalization (i.e., exports and FDI) in the China market and Chinese economic growth
＜Major Research Results＞
Discussion Papers
Offshoring of Japanese Small and Medium Enterprises (TODO Yasuyuki) (DP 12-J-004)
The Causal Effects of Exporting on Japanese Workers: A firm-level analysis (TANAKA Ayumu) (DP 12-E-017)
FDI in Emerging Economies: An analysis in a firm heterogeneity model (ITO Koji) (DP 11-E-055)
Lecture on Economy and Industry
"The Global Economy and Corporate Management" (02/15/2012)
I-2) Empirical Analysis of Trade Policy Preferences at the Individual Level in Japan
Project Leader: TOMIURA Eiichi, FF
＜Overview＞
Trade policy becomes increasingly critical for Japan in the interdependent world with uncertainty on global trade liberalization. In spite
of the gains from trade supported unanimously by economists, the opinions on trade policy widely vary among individuals, depending on income, skill, industry, and many other social backgrounds. This research project empirically explores how various individual
characteristics are related with trade policy preferences in Japan. Findings from our survey on the aging population in Japan will reveal
regularities informative for policy planners not only in Japan but also in many other developed economies.
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　10
Introduction of Research Projects
I-3) Economic Analysis of Technology in the Global Economy
Project Leader: ISHIKAWA Jota, FF
＜Overview＞
Improving productivity and technological capabilities is crucial to economic growth. Japanese firms have increased their productivity and technological capabilities through globalization, particularly through exports and foreign direct investment. On the other hand, technology transfers
and spillovers to overseas have been observed recently in connection with the acquisition of Japanese firms and offshoring by Japanese firms.
Accordingly, for the Japanese economy, various kinds of issues regarding technology are closely tied to the globalization of its economy. The objective of this research project is to analyze̶both theoretically and empirically from an international economics perspective̶various issues related to technology and productivity in economics, and to obtain useful policy implications for making improvements in productivity and raising
technological capabilities.
＜Major Research Results＞
Discussion Paper
Strategic Foreign Direct Investment in Vertically Related Markets (ISHIKAWA Jota and HORIUCHI Eiji)(DP 12-E-014)
I-4) Pressing Problems of International Investment Law
Project Leader: KOTERA Akira, FF
＜Overview＞
It is now urgently necessary to protect legally the foreign direct investments (FDI) of Japanese companies. For this end, it is necessary, first, to
promote the conclusion of international investment treaties, such as bilateral investment treaties (BITs), economic partnership agreements (EPAs),
free trade agreements (FTAs), and the Trans-Pacific Partnership (TPP). Second, it is also necessary to use the investor-state dispute settlement (ISDS)
clause establishing investment arbitration, such as the International Centre of Settlement of Investment Disputes (ICSID), through which investors
can bring their claims of investment damage against the host states. Investment protection is now a world-wide phenomenon, and as such, the
"International Investment Law" is rapidly being created and diversified. This research project aims to examine the theoretical and factual aspects
of contemporary pressing matters of investment protection and liberalization and to achieve some useful policy implications.
I-5) Case Studies and Future Directions of the Global Trading System and Governance
Project Leader: NAKATOMI Michitaka, SF
＜Overview＞
The multilateral trading system embodied in the World Trade Organization (WTO) is adrift due to the prolonged and sluggish Doha Round. Eighteen years have passed since the conclusion of the Uruguay Round in 1993, and the Doha Round is nowhere near conclusion. Against this backdrop, we will examine the following issues with an aim to strengthen the foothold of Japan as an advocate for the WTO and global trading system.
(1) Reform of the WTO
We will examine the necessary actions to conclude successfully the Doha Round and further reform the WTO system, based on which we will put
forward our policy recommendations.
(2) Plurilateral trading rules
Major achievements in WTO after its establishment include the Financial Services Agreement, the Basic Telecommunications Services Agreement,
and the Information Technology Agreement (ITA)̶all concluded under the plurilateral framework. In this research project, we will conduct case
studies focusing on the ITA and the Anti-Counterfeiting Trade Agreement (ACTA), another plurilateral agreement signed in October 2011, both of
which the project leader was actively involved in and contributed to the rulemaking process. Using findings from the case studies as reference,
we will examine the possibility and limitations of plurilateral agreements from multi-faceted viewpoints and put forward policy proposals.
(3) Trading rules for the "new areas"
In addition to the stagnation in the negotiation process, the narrowness of the areas negotiated in the Doha Round has been a problem, causing
the business and industrial communities to lose interest in the WTO. In this project, we will attempt to explore new areas of negotiation, focusing
on some areas that are closely associated with international corporate activities such as standards and conformance. Specifically, we will examine
and put forward basic ideas and prescriptions for how to deal with such new issues in multi-, pluri-, and bilateral frameworks.
＜Major Research Results＞
Policy Discussion Paper
Exploring Future Application of Plurilateral Trade Rules: Lessons from the ITA and the ACTA (NAKATOMI Michitaka) (PDP 12-P-002)
Policy Proposal
Toward the Reform of the WTO and the Early Conclusion of the Doha Round
(http://www.rieti.go.jp/users/nakatomi-michitaka/policy-recommendation_en.pdf )
11
Introduction of Research Projects
I-6) Comprehensive Research on WTO
Project Leader: KAWASE Tsuyoshi, FF
＜Overview＞
This project aims to analyze important current issues concerning international economic laws for Japan and is divided into the following three
sub-project areas:
(1) Comprehensive research on WTO Subsidy Rules
This sub-project provides policy related analysis concerning the role of WTO Subsidy Rules in coping with enormous amounts of government aid
in the wake of the financial crisis. We discuss possible exit strategies through countervailing duties and WTO dispute settlement procedures for
the years following the provision of subsidies.
(2) Research on ensuring implementation systems under a non-binding framework in the field of international public policy
It appears that APEC, which was established under a non-binding international agreement between the governments of participating nations,
will have difficulty in fully implementing the Bogor goals by the end of 2010̶the target year set to achieve such goals. Since Japan is the host
nation for APEC 2010, this sub-project aims to provide the Japanese government with a well-informed contribution concerning valuable policy
proposals on new non-binding implementation systems under the post-Bogor regime.
(3) Research on WTO dispute settlement cases
Although the WTO Doha Round has stagnated, the WTO dispute settlement system has continued to function as an important tool to ensure market access. This sub-project studies and analyzes development of WTO case laws for the purpose of contributing to Japan's WTO legal strategy.
＜Major Research Results＞
Discussion Papers
Characteristics of Subsidies Granted by China and Practical Challenges: Referring to the U.S.-China dispute (KAWASHIMA Fujio) (DP 11-J-067)
State Aid amid a Global Financial Crisis and WTO Rules on Subsidies (KAWASE Tsuyoshi) (DP 11-J-65)
An Economic Analysis of the Special Milk Classes Scheme of Canada and the Agricultural Subsidy (ABE Kenzo) (DP 11-E-042)
Policy Discussion Papers
[2010-2011 WTO Case Review Series No.4] Australia̶Measures Affecting the Importation of Apples from New Zealand
(WT/DS367/R, WT/DS367/AB/R): Scope of the Obligations under Article 5.1 of the SPS Agreement on a scientific basis (NAIKI Yoshiko)
(DP 11-P-015)
[2010-2011 WTO Case Review Series No. 3] China̶Measures Affecting Trading Rights and Distribution Services for Certain Publications and Audiovisual Entertainment Products (WT/DS363/R, WT/DS363/AB/R): Can the Violation of Non-GATT Provisions be Justified by Article XX of the GATT?
(KAWASHIMA Fujio) (DP 11-P-013)
EU State Aid Rules to the Banking Sector amid the 2008 Financial Crisis: European Commission's reactions to national measures (TADA Hideaki)
(DP 11-P-012)
I-7) Comprehensive Research on the Current International Trade System
Project Leader: KAWASE Tsuyoshi, FF
Other research results in Program I
＜Research results independent from any research project＞
Discussion Paper
Multinationals in the Services and Manufacturing Sectors: A firm-level analysis using Japanese data (TANAKA Ayumu) (DP 11-E-059)
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　12
Program
II
International Macroeconomics
Program Director ITO Takatoshi
Amid rapidly advancing globalization, there is a need to consider how the Japanese economy should
take on growth in emerging markets and realize balanced, sustainable growth within Asia. In addition to studying institutional infrastructures such as the role of a currency basket in the Asia region,
this program also will analyze various issues related to exchange-rate pass-through and the choice of
invoice currencies from both macroeconomic and corporate-level perspectives. Furthermore, it also
will advance research spanning fields such as international trade and macroeconomics, international
finance, macro finance, corporate foreign-exchange risk management, and corporate finance. We will
endeavor to propose ideal macroeconomic policies for fiscal reconstruction, particularly their influence on exchange rates, as well as analyze the long-term deflationary mechanism and explore ways of
overcoming it.
Introduction of Research Projects
II-1) Research on Exchange Rate Pass-through
Project Leader: ITO Takatoshi, FF
＜Overview＞
The degree of exchange rate pass-through (i.e., variation of export/import and domestic prices with fluctuations in exchange rates) is an important transmission mechanism by which exchange rate fluctuations affect macroeconomic conditions. The objective of this project is to elucidate
the following through theoretical and empirical analysis of the microeconomic (corporate) behaviors that determine pass-through (i.e., export/
import pricing, choice of invoice currency, and foreign exchange risk management): (1) Measure the pass-through rate in Japan and discuss the
effect that incompleteness in the pass-through rate has on macroeconomic policy effects, (2) Clarify the decisive factors in corporate-level invoice
currency selection, foreign exchange risk management, and pricing, (3) Analyze the effects of deregulation of Japanese capital control in the
1990's on yen-denominated transactions and forecast the effects of easing capital control in emerging countries on the international currency
system.
＜Major Research Results＞
Discussion Paper
Invoice Currency Choice and Exchange Rate Risk Management in Japanese Firms' Trade Network: RIETI Survey on Japanese Overseas Subsidiaries 2010 (ITO Takatoshi, KOIBUCHI Satoshi, SATO Kiyotaka and SHIMIZU Junko)(DP 11-J-070)
Project URL
Database Construction of the Japanese Nominal Effective Exchange Rate by Industry (http://www.rieti.go.jp/users/eeri/en/index.html)
II-2) Research on a Currency Basket
Project Leader: OGAWA Eiji, FF
＜Overview＞
With multilateralization of the Chiang Mai Initiative, a framework finally has been developed for supply of liquidity within the East Asia region.
Furthermore, with a decision on setting up a surveillance unit (the ASEAN+3 Macroeconomic Research Office [AMRO]), it is likely that there will
be lively discussions on the conditions of enacting liquidity supply. As part of such discussions, it also is conceivable that there could be more
and more activity in the area of discussion of appropriate foreign exchange systems. This research project proposes use of a currency basket as a
new standard for evaluation of the levels of and fluctuations in Asian currencies. A currency basket can involve numerous variations, such as the
component currencies and their weighting and whether or not to adjust for the inflation rate. This relates to the following three concepts: The first
concerns the AMU Deviation Indicator using the Asian common currency basket (Asian Monetary Unit [AMU]), the second concerns nominal and
real effective exchange rates, and the third concerns equilibrium exchange rates. The goal is to use these to develop a new evaluation standard
for exchange-rate fluctuations and foreign-exchange policy and propose its use in economic surveillance, and further identify the policy implications for a new currency system in East Asia aimed at stabilization of exchange rates within the region, through applying these indicators in macroeconomic analysis.
＜Major Research Results＞
Group of 15 Experts Plenary Meeting
"A3 Triangle Initiative on Monetary and Financial Cooperation for Korea, China and Japan"
(06/02/2011)
Project URL
AMU and AMU Deviation Indicators (http://www.rieti.go.jp/users/amu/en/index.html)
13
Introduction of Research Projects
II-3) Research on Macroeconomic Policies Focused on Fiscal Reconstruction and Similar Measures
Project Leader: KOBAYASHI Keiichiro, SF
＜Overview＞
The sustainability of Japan's public finances is a very important issue. This project will research the ideal forms of policies related to fiscal issues
through theoretical analysis of subjects such as an open-economy fiscal theory of the price level (FTPL) model. For example, it will study whether
a policy of increasing holdings of foreign assets by the government sector would be effective for avoiding or mitigating a rapid collapse in government bonds. It also will analyze the mechanisms by which a drop in the prices of government bonds brings about a bank crisis and consider
policies for avoiding such a situation. In addition, it will study a broad range of issues concerning macroeconomic policies including financial crises and intergenerational equity.
＜Major Research Results＞
Policy Discussion Paper
Development of Study on Current Account Imbalances and Foreign Sectors in Macro-econometric Models (TANAKA Shogo, OIKAWA Keita,
OKUDA Takanori and NAKAZONO Yoshiyuki) (PDP 11-P-017)
II-4) Long-term Deflation in Japan: Its causes and policy implications
Project Leader: WATANABE Tsutomu, FF
＜Overview＞
Prices have continued to fall in Japan over a lengthy period of more than 10 years. This project will use microeconomic price data to elucidate the
mechanisms of long-term deflation in Japan and consider what measures are needed to break free from this deflation. Until now, price research
has mainly used aggregate statistics such as consumer prices. However, there are limits to analysis using aggregate statistics. In this project, we
will analyze firms' price-setting behavior in detail at the microeconomic level, and this will serve as the starting point for approaching the dynamics of price fluctuation at the macroeconomic level. Instead of treating long-term deflation as a simple monetary phenomenon, we will treat it as
a phenomenon deeply related to real aspects of the economy (i.e., long-term stagnation of the real economy).
II-5) Exports and the Japanese Economy: Experiences in the 2000s and the lessons for the future
Project Leader: IWAISAKO Tokuo, FF
＜Overview＞
Following the Lehman Brothers collapse in Fall 2008, the world economy fell into a severe recession along with a large contraction in international
trade, known as the Great Trade Collapse. Although the Japanese economy was relatively unharmed from the global financial crisis, it subsequently experienced a large drop in output prompted by a decline in the exports demand from late 2008 to 2009. Our project investigates the
propagation mechanism of the negative demand shock and the adjustment process of Japanese firms/industries during this period, utilizing detailed micro data. We also analyze why the Japanese economy's dependence on its exports largely increased during the period of mild recovery
preceding the Lehman Brothers collapse, paying particular attention to the structural change of the Japanese industries and the effects of sharp
appreciation of energy prices in the 2000s.
II-6) East Asian Production Networks and Global Imbalances
Project Leader: Willem THORBECKE, SF
＜Overview＞
This project investigates production networks in East Asia. The region is characterized by intricate production and distribution networks. Skilled
workers in Japan, Taiwan, South Korea, and other places produce sophisticated, technology-intensive parts and components and ship them to
China and ASEAN for assembly by lower wage workers and for re-export largely outside of Asia. Exports from East Asia have been accompanied
by large imbalances with the rest of the world. This project investigates how East Asian production networks are evolving, especially in light of
the many shocks such as the floods in Thailand, the earthquake in Japan, the global financial crisis, and the strong yen. It also considers whether
the associated imbalances are sustainable, and how more of the final goods can be channeled to Asian consumers. In addition, it investigates the
effects of exchange rate changes on trade. It is hoped that the findings will have policy implications. There is currently little discussion between
East Asian policy makers on exchange rate issues, in contrast with the intensive private sector integration occurring within regional production
networks.
＜Major Research Results＞
Discussion Papers
Are Chinese Imports Sensitive to Exchange Rate Changes? (Willem THORBECKE and Gordon SMITH) (DP 12-E-007)
Investigating China's Disaggregated Processed Exports: Evidence that the RMB matters (Willem THORBECKE) (DP 12-E-003)
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　14
Program
III
Regional Economies
Program Director HAMAGUCHI Nobuaki
This program will study urban, rural, and industrial growth viewing the regions of Japan in the context
of the global economy, and using this to develop policy recommendations and other outputs. Specifically, it will analyze, both theoretically and empirically, matters such as formation of domestic and
international regional systems through market mechanisms, the mechanisms of enterprise clustering,
and the relationship between economic growth and urbanization, considering regional policies that
would be desirable from the perspectives of national economic growth and maximizing policy effects,
and also researching the optimal sizes of regional blocs and communities. Additional study will look at
the ideal forms of the supply chains of Japanese firms and the recovery of areas affected by the Great
East Japan Earthquake. Furthermore, the ideal management strategies for outstanding small and
medium-sized enterprises utilizing regional resources and other advantages will be studied as well.
Introduction of Research Projects
III-1) Studies on the Structure of Japanese Economic Space and Japanese Supply Chains Sustaining Growth Under Globalization and Disaster Risks
Project Leader: HAMAGUCHI Nobuaki, FF
＜Overview＞
This project consists of three studies. The first study deals with the impact of globalization on the spatial system of Japanese industries. We will
reveal the spatial structure of Japanese industries in East Asia based on an analysis of factors that have determined the choices made by Japanese
companies for their locations in Japan and abroad in recent years. We will then analyze both qualitatively and quantitatively the agglomeration
economies that influence regional economic growth and clarify their implications for regional policies. The second study will analyze how companies' full consideration of disaster risks for supply chains may affect the economic spatial structure. We will clarify lessons that can be learned from
the cases of companies that have successfully recovered from the Great East Japan Earthquake. The third study will explore the ways regional policies ought to be by analyzing how the liberalization of agricultural trade̶one of major issues in globalization̶affects the regional gap in social
welfare.
＜Major Research Results＞
Discussion Paper
Japan and Economic Integration in East Asia: Post-disaster scenario (FUJITA Masahisa and HAMAGUCHI Nobuaki) (DP 11-E-079)
III-2) Theory and Empirics of Urban Growth and Spatial Structure
Project Leader: TABUCHI Takatoshi, FF
＜Overview＞
This project consists of both empirical and theoretical analyses. In empirical analysis using Japanese data, we focus on the location of entrepreneurs
as the driving force of economic development. Additionally, we try to clarify the relationships among economic growth, urbanization, and industrialization. In theoretical analysis, we investigate the evolutionary process of city systems based on spatial interactions among cities. By deriving the
market equilibrium and social optimum distributions of economic activities, we propose socially desirable urban policies. We approach the urban
economy from the perspective of globalization in both analyses because economic growth is not confined to a particular region.
＜Major Research Results＞
Discussion Paper
Market Size and Entrepreneurship (SATO Yasuhiro, TABUCHI Takatoshi and YAMAMOTO Kazuhiro) (DP 12-E-002)
III-3) Formation of Economic Agglomerations and the Emergence of Order in their Spatial Patterns: Theory, evidence, and policy implications
Project Leader: MORI Tomoya, FF
＜Overview＞
This project consists of empirical and theoretical analyses. On the empirical side, we develop a systematic statistical framework for identifying agglomerations and their spatial patterns in a given industry as well as the spatial coordination of agglomerations across industries. The application
to the Japanese and the U.S. data reveals the common and persistent regularities in the industrial and population agglomeration patterns in these
countries, which in turn indicates universal equilibrium constraints for the viable spatial distribution of industrial and population agglomerations
within a given region. The developed empirical approach is also extended to characterize agglomeration patterns of more general economic activities such as innovation activities and mass transport services. On the theoretical side, a general equilibrium model is developed to provide a
microeconomic foundation for each of our empirical findings, and policy simulations are conducted for agglomeration-based regional industrial
policies.
＜Major Research Results＞
Discussion Papers
Analysis of Industrial Agglomeration Patterns: An application to manufacturing industries in Japan (MORI Tomoya and Tony E. SMITH) (DP 12-E006)
Increasing Returns in Transportation and the Formation of Hubs (MORI Tomoya) (DP 12-E-005)
15
Introduction of Research Projects
III-4) Research of a Mechanism for Regional Revitalization
Project Leader: NAKANISHI Hodaka, SF
＜Overview＞
The Great East Japan Earthquake destroyed local industrial infrastructure and resources in extensive areas in the Tohoku region. While some of
the most severely affected municipalities virtually collapsed, various systems for supporting the local economy and people's lives have been seriously weakened in many other affected areas. In order to enable these affected local communities to remain sustainable and develop under such
difficult circumstances, it is necessary to propose a new mechanism or framework for the local community.
In this research project, we will explore a new community mechanism in terms of the modality and functions of municipalities and examine the
potential impact of new public management (NPM) on municipalities. We will also look into the possibility of a regional economic bloc as an aggregation of municipalities. In doing so, we will look at two specific policies, namely, what impact industry-academia-government collaboration
can have on the local economy and whether and how the utilization of electric vehicles can help revitalize the peripheral areas.
III-5) Development Policies for Robust Regional Economies, Learned from the Great East Japan Earthquake of 2011
Project Leader: OKUMURA Makoto, FF
＜Overview＞
This two-year project is being conducted mainly by researchers in the Tohoku area who are familiar with the truth of the damage and recovery
process after the Great East Japan Earthquake. Three research themes are set, aiming to build a robust regional economy.
First, empirical facts about the logistics systems after the earthquake are grasped via interviews with logistics companies and municipal governments, transportation records, as well as highway traffic data. Second, fuel transportation and distribution processes expanding the regional
disparities after a great disaster are studied via operations research models. Third, spatial aspects in the infrastructure recovery investments, such
as historical dependency and dynamic inconsistency, are analyzed and show a policy chain realizing the desirable spatial configuration in the regional economy.
III-6) Sustainable Regional Development: New industrial clusters and division of functions
Project Leader: NAKAMURA Ryohei, FF
＜Overview＞
In light of the state of affairs brought about by the Great East Japan Earthquake, we will undertake research from the following two perspectives
with a view to realizing risk-resistant, sustainable regional development. The first approach involves an analysis and observations from a predictive perspective on what changes in regional industrial structures and regional economic systems of Japan, particularly of northeastern Japan,
will undergo through the process of recovery and reconstruction from the catastrophe of the earthquake. Another approach involves an analysis
and observations from a normative perspective on what industrial clusters and interregional input-output structures bring about in regional autonomy and sustainability, while also being desirable for the future of Japan.
A sustainable regional economy is construed as the sustenance of an autonomous regional economic system where goods and services are created in a region by the effective utilization of its resources and shipped outside the region in order to bring in money, with money acquired being
circulated in the region to prevent an outflow of money. Greater risk-resistance is construed as the transition of each region into such a state.
Under the first approach, a positive simulation analysis based on a certain normative standard will be conducted on economic systems after the
earthquake, focusing on trends of multiple economic areas of Japan, while confirming the states of regional economies. Based on that analysis,
the preferable division of roles by economic areas will be examined, including the city-size distribution. Our research will also consider what policy instruments are conceivable for bringing about desirable systems in regional economies. Under the second approach, the states of regional
economies will be quantitatively described by introducing normative criteria into the first approach. By deducing conditions for approaching an
economic system satisfying those criteria, policy implications will be presented.
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　16
Program
IV
Technology and Innovation
Program Director NAGAOKA Sadao
The sources of innovation are the creation of new knowledge and its exploitation to solve real-world
problems. This program will develop original data on innovation process with a view toward improving our understanding of such processes, including the surveys of inventors in Japan, North America,
and Europe, and will conduct analysis from a global perspective so as to contribute to evidence-based
policy formation conducive to technology development and innovation. Specifically, the program will
analyze a broad range of issues, such as an assessment of intellectual property systems such as patent
systems, knowledge transfer and mobility of people across organizations, university-industry cooperation, technical standards for innovation, collaboration in innovation, corporate organization and
industrial organization to promote innovation, and international comparison of entrepreneurship.
Introduction of Research Projects
IV-1) Research on Innovation Process and its Institutional Infrastructure based on Micro Data
Project Leader: NAGAOKA Sadao, FF
＜Overview＞
This project is a follow-up to the project titled "Structural Characteristics of the R&D Activities of Japanese Firms and Their Future Challenges" implemented during RIETI's second medium-term plan. It will exploit the following: the database developed in the previous term for the aforementioned project, the ongoing large-scale surveys on the inventors in Japan, the U.S., and Europe, the Basic Survey of Business Activities, and the
Patent Database so as to deepen our understanding of innovation process and to assess the existing infrastructure for its potential improvement.
The project will also involve international collaborative research.
＜Major Research Results＞
Discussion Papers
Spillovers and Risk of R&D Projects, and Targeting of Public R&D Support (NAGAOKA Sadao and TSUKADA Naotoshi) (DP 11-J-044)
Exploring the Sources of Firm-level Scale Economies in R&D: Complementary assets, internal and external knowledge inflows, and inventor
team size (NAGAOKA Sadao and OWAN Hideo) (DP 11-E-038)
IV-2) Standard Policy for Innovation
Project Leader: AOKI Reiko, FF
＜Overview＞
We study the relationship between innovation and standards using the law and economics framework. Based on the analysis, we derive implications for standardization policy for new technologies that saddle two or more industries, such as electricity and information technology in smart
grid technology and fine instruments and medicine in brain machine interface. We analyze the standardization process, standard setting organizations (SSO), patent pools, and their IP licensing policies of successful standards, such as those in information technology and measurement
instruments.
IV-3) Empirical Studies on the International Comparison of Open Innovation
Project Leader: MOTOHASHI Kazuyuki, FF
＜Overview＞
Although the innovation system in Japan has been said to be characterized by the "not invented here" (NIH) attitude primarily taken by large
companies, a shift to open innovation involving external collaboration is becoming increasingly important given technological progress and
more intense global competition. Japanese companies, however, are said to be still lagging behind their U.S. and European counterparts in their
efforts for open innovation. On the other hand, external collaboration for innovation takes different forms by industries. For example, while collaboration in the pharmaceutical industry centers on the introduction and derivation of required compounds, forming an innovation ecosystem is
important in the electronics industry with a greater complexity in its product and business areas. Furthermore, in order to create a network-type
innovation system involving active external collaborations, such issues are also important as facilitating industry-academia collaboration and
fostering startup companies that serve to bridge the "valley of death" (between basic research and commercialization). This project will illuminate
the current state and problems of open innovation in Japan to derive policy implications through international comparisons with the United
States and other countries in light of characteristics of innovation in different technological areas and lines of business.
17
Introduction of Research Projects
IV-4) International Comparative Analysis of Factors Affecting Start-up Activities
Project Leader: TAKAHASHI Noriyuki, FF
＜Overview＞
This research project is motivated by the belief and concern that business start-up activities remain low in Japan despite the importance of such
activities (entrepreneurship) to the Japanese economy. The main themes of our research include: (1) differences in business start-up activities
across countries, (2) relationships between economic activities and business start-up activities, (3) factors behind the differences in business startup activities. Based on findings from the research, we will put forward a set of policy proposals for invigorating entrepreneurship spirit and business start-up activities in Japan in a fair and unbiased manner. Our empirical research will revolve around surveys conducted under the Global
Entrepreneurship Monitor (GEM). A world-scale research program in which Japan has been participating since 1999, the GEM organizes the following three sets of surveys in 59 countries (as of 2010) around the world: 1) adult population survey (APS) in which at least 2,000 adults are taken
as the sample per country, 2) national expert survey (NES), and 3) survey of macroeconomic data such as GDP and jobless rates.
IV-5) Research on the Interactions between the Business Strategies of Excellent Small and Medium Enterprises (SMEs)
and their External Environment
Project Leader: INOUE Tatsuhiko, FF / HOSOYA Yuji, CF
＜Overview＞
With respect to the SME policy, the revision made to the Small and Medium Enterprises Basic Act in 2000 changed its focus towards supporting
enterprises that create new value through their unique creativity and mobility. Ten years later, a more advanced policy initiative is called for in order to secure the tangible results of the previous gains. This project will focus on the relationship between the business strategies that gave rise to
the success of the excellent SMEs and the systems of interactions present between them and the various players surrounding them. This project
will analyze cases of global niche top manufacturing enterprises as well as content-related SMEs that drive "Cool Japan" among other cases and,
based on these analyses, make recommendations with respect to the nature of future appropriate support schemes and the like.
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　18
Program
V
Raising Industrial and Firm Productivity
Program Director FUKAO Kyoji
The aim of the program titled Raising Industrial and Firm Productivity is to measure industry- and firm-level productivity and its determinants for Japan and various East Asian countries and to conduct research on policies aimed at raising
productivity. At the industry level, the program—in addition to updating and expanding the Japan Industrial Productivity (JIP) and China Industrial Productivity (CIP) databases in collaboration with Hitotsubashi University—will construct an industrial productivity database by prefecture for Japan and examine the impact of the recent earthquake on
regional economies and policies for reconstruction. At the firm or establishment level, employing micro-data from government statistics and corporate financial data in Japan and abroad, the program will research the following: productivity differentials between firms, the impact of globalization, how changes in demand affect corporate performance,
policies for raising productivity in the service sector, and productivity dynamics from an international perspective—
including productivity differentials between Japanese, Chinese, and Korean firms—as well as other related issues.
At the industry and firm level, the program will measure investment in intangible assets such as research and development, software, in-house training, organizational structure—all of which are important sources of innovation and productivity growth—and will examine the economic effects of such investments.
Introduction of Research Projects
V-1) East Asian Industrial Productivity Project
Project Leader: FUKAO Kyoji, FF
＜Overview＞
Increases in productivity provide a key source of economic growth, especially for countries like Japan, where the labor population is shrinking.
The East Asian Industrial Productivity Project, in cooperation with Hitotsubashi University's Global COE Project "Research Unit for Statistical and
Empirical Analysis in Social Sciences" (G-COE Hi-Stat), seeks to annually update the Japan Industrial Productivity (JIP) Database and conduct
analyses of Japan's industrial structure and productivity trends. Moreover, the Project aims to construct a China Industrial Productivity (CIP) Database for analyses of the Chinese economy, for which̶even though it is a driving force of global economic growth̶sufficient official statistics are
unavailable. Furthermore, by linking up with Harvard University's World KLEMS project and the European Union's World Input-Output Database
(WIOD) project, the East Asian Industrial Productivity Project will make it possible to conduct comparisons of productivity trends for countries
around the world, including Japan and China.
＜Major Research Results＞
Japan-Korea Joint Workshop
"Workshop on Measurement Issues in Productivity Databases for Asian Countries" (11/25/2011)
The First Asia KLEMS Conference
"Productivity Growth in Asia" (07/27/2011)
RIETI Special Seminar
Special Lecture by Professor Dale JORGENSON, Harvard University
"World KLEMS Initiative" (07/26/2011)
Project URLs
Japan Industrial Productivity Database 2011 (JIP 2011)（http://www.rieti.go.jp/jp/database/JIP2011/index.html）
China Industrial Productivity Database 2011 (CIP 2011) (http://www.rieti.go.jp/en/database/CIP2011/index.html)
V-1) East Asian Industrial Productivity Project
The First Asia KLEMS Conference
"Productivity Growth in Asia" (07/27/2011)
V-1) East Asian Industrial Productivity Project
RIETI Special Seminar
Special Lecture by Professor Dale JORGENSON, Harvard University
"World KLEMS Initiative" (07/26/2011)
Professor Dale JORGENSON
19
Introduction of Research Projects
V-2) Study on Intangible Assets in Japan
Project Leader: MIYAGAWA Tsutomu, FF
＜Overview＞
Since 2000, many researchers have recognized that intangible investment̶such as R&D investment and accumulation in human and organizational capital̶play crucial roles in economic growth. In line with these research topics, our research focuses on the role of intangible assets on
growth at the aggregate, industry and firm levels. At the aggregate level, we aim to measure Japanese intangible investment in a way comparable
with those in other advanced countries. Using the results at the aggregate level, we measure intangible investment at the industry level and examine its contribution to industry growth. At the firm level, we examine the effects of organizational structure and human resource management
on firm performance.
＜Major Research Results＞
Discussion Paper
Determinants of Management Practices (ASABA Shigeru) (DP 11-J-064)
V-3) Economic Impact of the Tohoku Earthquake: An analysis based on the Japan Regional Industrial Production Database
Project Leader: TOKUI Joji, FF
＜Overview＞
This research project assesses the economic impact of the earthquake and following tsunami that struck the northeastern area of Japan on March
11, 2011. We estimate not only direct damage to fixed capital but also indirect damage to production in the overall Japanese economy due to the
supply chain bottleneck caused by the disaster. In addition to these short-term effects, we predict long-term growth effects depending on various
scenarios envisioned for the reconstruction process in the disaster-affected area. To pursue this research project we use both regional-industrial
level data and firm/enterprise level data. As a by-product of the research, we construct a database based on the Japan Regional Industrial Production Database.
＜Major Research Results＞
Policy Discussion Paper
The Economic Impact of the Great East Japan Earthquake: Comparison with other disasters, supply chain disruptions, and electric power supply constraint (TOKUI Joji, ARAI Nobuyuki, KAWASAKI Kazuyasu, MIYAGAWA Tsutomu, FUKAO Kyoji, ARAI Sonoe, EDAMURA Kazuma, KODAMA
Naomi, NOGUCHI Naohiro) (PDP 12-P-004)
V-4) East Asian Firm-level Productivity Project
Project Leader: ITO Keiko, FF
＜Overview＞
While Asian firms have been rapidly increasing their importance in the global market in recent years, Japanese firms tend to decrease their market
penetration particularly in the case of final goods or consumer goods market. The purpose of this project is to investigate and understand why
the market penetration of Japanese firms has been reduced, why Asian firms such as Korean and Chinese firms have been catching up with Japanese firms so rapidly, and how Japanese firms should compete with such firms. For this purpose, we undertake international comparative studies
on firm dynamics and productivity levels and growth for East Asian countries, mainly utilizing firm-level or plant-level data for Japanese, Chinese,
and Korean firms.
＜Major Research Results＞
Discussion Papers
Sources of Learning-by-exporting Effects: Does exporting promote innovation? (ITO Keiko)(DP 11-J-066)
Effects of Privatization on Exporting Decisions: Firm-level evidence from Chinese state-owned enterprises (TODO Yasuyuki, INUI Tomohiko and
YUAN Yuan) (DP 12-E-015)
Heterogeneous Multinational Firms and Productivity Gains from Falling FDI Barriers (Shawn ARITA and TANAKA Kiyoyasu) (DP 12-E-010)
RIETI International Seminar
"Mid-Term Workshop on East Asian Firm Productivity" (02/29/2012)
V-4) East Asian Firm-level Productivity Project
RIETI International Seminar
"Mid-Term Workshop on East Asian Firm Productivity" (02/29/2012)
ITO Keiko, FF
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　20
Introduction of Research Projects
V-5) Research on Measuring Productivity in the Service Industries and Identifying the Driving Factors for Productivity
Growth
Project Leader: KWON Hyeog Ug, FF
＜Overview＞
In the trend toward a service economy, productivity growth in the service industries is an important policy challenge which directly affects the
sustainable growth of Japan's economy, as well as the improvements in the people's welfare and the quality of lives. Our research group, which
is titled "Research on Measuring Productivity in the Service Industries and Identifying the Driving Factors for Productivity Growth," addresses this
challenge by studying the following three issues: (1) accurately measuring productivity in the non-market service industries̶such as the health
and education industries̶in which prices and outputs are not appropriately observed, by taking the quality of services into account, (2) investigating the effects of policy changes, such as the easing of regulations, on productivity growth, using the econometric methods on the frontier,
and (3) identifying the driving factors for productivity growth in the service industries, considering both ICT capital and human capital.
＜Major Research Results＞
Discussion Papers
Stock Options and Productivity (MORIKAWA Masayuki) (DP 12-J-002)
Stock Options and Productivity: An empirical analysis of Japanese firms (MORIKAWA Masayuki) (DP 12-E-011)
Markups, Productivity, and External Market Development: An empirical analysis using SME data in the service industry (KATO Atsuyuki and KODAMA Naomi)(DP 11-E-057)
V-6) Determinants of the Productivity Gap among Firms in Japan
Project Leader: KIYOTA Kozo, FF
＜Overview＞
The productivity gap among firms within an industry, or firm heterogeneity, is becoming one of the most important questions in the fields of
international economics, spatial economics, and industrial organization. It should be noted that the productivity growth of a country results from
that of industries, which comes from that of firms. Therefore, to examine the source of productivity growth of the country, it is of the utmost importance to examine the productivity growth of firms.
This project examines the determinants of the productivity gap, using firm-level data. A number of studies have already examined the productivity growth of firms, using firm-level data in Japan. Building upon the previous studies, this project extends the focus to the market structure, employs a more sophisticated econometric methodology, and updates the analyses using the most recent version of the firm-level data.
V-7) Decomposition of Economic Fluctuations for Supply and Demand Shocks
Project Leader: KONISHI Yoko, F
＜Overview＞
Since the burst of the bubble economy in the early 1990s, the growth rate of the Japanese economy has not been increasing, and it is said that
productivity continues to decline. Recently, a number of researchers investigated what occurred during the period. The government also attempts
to answer the question in the quest for an effective policy to increase GDP growth. In empirical works, Total Factor Productivity (TFP) is commonly
used as a measure of productivity. Specifically, we apply the Cobb-Douglas/Translog production function and OLS method. However, some researchers have pointed out that there can exist an endogeneity problem in OLS and have also estimated that TFP includes the demand shock
through the price of products. These problems may lead to incorrect implications when we attempt to find the reason or reasons for fluctuations
in the economy using the estimated TFP. In our project, we would like to decompose the effects of productivity and demand shock on economic
growth. Our project consists of three topics: (1) measuring productivity in the manufacturing industry, (2) measuring productivity in the service
industry and (3) finding the factor on regional heterogeneity of the total fertility rate. The first topic and the second topic should provide us with
knowledge for attempting to achieve sustainable growth given the aging of society and the low birthrate in Japan. We expect the third topic to
help shed light on addressing the issues of the aging society and low birthrate.
＜Major Research Results＞
Discussion Papers
Measuring the Impact of Establishment Level Agglomeration on Productivity: Industrial specialization and urbanization effects (KONISHI
Yoko and SAITO Yukiko) (DP 12-J-006)
Determinants of Transport Costs for Inter-regional Trade (KONISHI Yoko, MUN Se-il, NISHIYAMA Yoshihiko and SUNG Ji Eun) (DP 12-E-016)
21
Program
VI
New Industrial Policy
Program Director OHASHI Hiroshi
Leading nations appear to have ventured into the formulation of strategies and policies
that promote both their own domestic industries and companies in the global markets.
This program will conduct research on formulating industrial policies in the aftermath of
the Great East Japan Earthquake with a view toward resolving issues being faced by the
Japanese economy. It will take into consideration the roles played by product innovations, while also looking into the perspectives of, for example, environmental, energy,
and resource policies, competition policy, as well as agricultural policy.
Introduction of Research Projects
VI-1) Basic Research for a New Industrial Policy
Project Leader: OHASHI Hiroshi, FF
＜Overview＞
The Great East Japan Earthquake served as an opportunity to illuminate the problems that had long existed in Japan. The overvalued yen and the
high effective corporate tax rate had been cited as factors putting Japanese companies at a disadvantage in competing with their overseas rivals.
Forthcoming changes in the nation's energy policy and other challenges brought on by the earthquake spell a harsher business environment
going forward. Against this backdrop, concerns have been raised over the acceleration in the offshoring of operations from Japan to lower cost
economies, particularly among manufacturers. As the Japanese economy undergoes structural changes, shifting weight from the manufacturing
sector to the service sector, it is necessary to create new industrial sectors to generate jobs. In this project, we will conduct basic research to explore a new industrial policy by taking theoretical and empirical approaches, based on the observations described above.
VI-2) Issues Faced by Japan's Economy and Economic Policy: Demand, productivity, and sustained growth
Project Leader: YOSHIKAWA Hiroshi, FF / UNAYAMA Takashi, FF
＜Overview＞
This project will clearly identify the issues faced by Japan's economy, separating them into those concerning demand and those concerning supply, and analyze the feasibility of policy intervention and the policy effects that can be promising. In developing new growth fields, there is a
need to identify and nurture demand appropriately. It has become clear that demand always tends to saturate. Overcoming this tendency toward
saturation and generating new demand continually is essential to achieving sustained growth. This project will make clear the mechanisms of
generating new demand to achieve sustained growth and resolve the issues Japan faces and analyze the roles played by increases in productivity
and by economic policy in sustained growth, from a variety of perspectives.
VI-3) Dynamics, Energy and Environment, and Growth of Small- and Medium-sized Enterprises
Project Leader: AOYAMA Hideaki, FF
＜Overview＞
A large portion of the Japanese small- and medium-sized enterprises has been covered in the Credit Risk Database for over 10 years. Using this
database, this project aims to analyze the structure and growth of these enterprises and identify industrial sectors or groups that are strong in
innovation and therefore are expected to grow. Furthermore, we will seek their identification through financial analysis. The correlation between
their growth and CO2 emission and energy consumption is also studied, with the aim of finding a political system that can support the sustainable
growth of small- and medium-sized enterprises.
VI-4) Agricultural Policy Reform Aimed at Competitive Agriculture in the Age of Globalization and Decreasing Population
Project Leader: YAMASHITA Kazuhito, SF
＜Overview＞
Although the elimination of or substantial reduction in tariffs on agricultural products is required in WTO and FTA negotiations (including TPP negotiations), the Japanese agricultural community is strongly resisting it. On the other hand, the domestic market for edible agricultural products,
which has been protected by high tariffs, is declining due to an aging and decreasing population. Measures limited to protecting domestic markets will clearly lead to a decline in Japanese agriculture, and securing overseas markets is now required for agriculture as well. With an awareness
of these problems, this project follows RIETI's studies on "food safety and trade" and "the environment and trade" to focus on "agriculture and
trade," analyzing the WTO agricultural agreement, Doha Round negotiations, FTA negotiations, etc. from legal and economic perspectives and offering recommendations for specific responses.
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　22
Introduction of Research Projects
VI-5) Globalization, Innovation, and Competition Policy
Project Leader: KAWAHAMA Noboru, FF / OHASHI Hiroshi, FF
＜Overview＞
There has been a sharp rise in interest in competition policy based on anti-monopoly laws in ASEAN countries and elsewhere. Faced with an
ever-changing market environment characterized by economic globalization, countries throughout the world are being forced to change their
views on competition policies and the enforcement of such policies. On the other hand, in Japan, the role of competition policy appears to be
increasingly greater since the further promotion of innovation through the full utilization of market competition is indispensable for maintaining
economic vitality in the wake of the Great East Japan Earthquake. This project will examine the way competition policy ought to be in an environment where globalization and innovation play an increasingly important role via a comprehensive recourse to findings in jurisprudence, economics, and government administration, while taking into account relevant developments in other countries.
VI-6) Economic Analysis of Environmental, Energy, and Resource Strategies Following the Great East Japan Earthquake
Project Leader: MANAGI Shunsuke, FF
＜Overview＞
The objective of this research project is to assess the performance of environmental policies implemented following the global financial crisis in
leading nations including Japan, while at the same time proposing practical policies with regard to the ideal forms of future Japanese industrial
and energy policies from the perspective of developing new growth fields̶all while also taking into account the Great East Japan Earthquake.
The significance of this project is the fact that it will conduct evaluative analysis by clearly taking into consideration the characteristics of environmental policies as industrial policies. During this period of global competition, mutual interactions between markets, between industries, and
within industries are multifaceted, and the effects of industrial policy will not necessarily be as initially expected. Economic analysis enables comprehensive evaluative analysis of industrial policies clearly taking mutual interactions into consideration.
VI-7) An International Comparative Study of Power Supply Liberalization
Project Leader: HATTA Tatsuo, FF
＜Overview＞
Since the 1990s, many countries have begun to liberalize fully their electric power systems, while concurrently strengthening regulatory agencies
to ensure fair competition. The liberalized systems provide consumers with an incentive to lower their demand for power and generating companies with an incentive to increase their supply of power during shortages.
The need for liberalization is widely recognized in Japan now as a result of the power shortage that occurred after the Great East Japan Earthquake. To prepare for the liberalization of the electric power system in Japan, it is vital to study the technological, economic, and political issues
that foreign countries faced at the times of their liberalization. The aim of the present study is to conduct international comparison of electric
power liberalization from the view point of drawing lessons for Japan's liberalization.
23
Program
VII
Human Capital
Program Director TSURU Kotaro
Amid the rapid aging of its society, intensifying global competition, and recovery from the Great East
Japan Earthquake, utilizing its human resources is a significant key to Japan maintaining and strengthening its economic dynamism and increasing its growth potential, as a nation relatively lacking in
natural resources. This program will carry out multifaceted, comprehensive research on measures for
strengthening human capital and human resource capabilities, from a full life-cycle perspective including ideal labor market systems to increase worker incentive and ability, early childhood education
through higher education, human-resources development in employment years, and utilization of
elderly human resources
Introduction of Research Projects
VII-1) Reform of Labor Market Institutions
Project Leader: TSURU Kotaro, SF
＜Overview＞
In order to study a new "form" for Japan's labor market institutions, and types of reform, we will organize a study group that will conduct theoretical and empirical research from various perspectives such as law, economics and management. While looking broadly at labor market institutions
as a whole, we will also look into the interrelationships of each constituent part, and in particular will make suggestions regarding a comprehensive system of labor laws and policies from a standpoint that transcends vertical segmentation and boundaries. When conducting our analysis
we will fully embrace international viewpoints and methods of analysis, including experiences from Europe and elsewhere, and will attempt to
elucidate the relationships between labor laws and institutions and the labor market and employment systems, and in turn the relationship with
economic performance.
＜Major Research Results＞
Discussion Papers
An Empirical Analysis on the Happiness of Japanese Non-regular Workers (KUME Koichi, OHTAKE Fumio, OKUDAIRA Hiroko and TSURU Kotaro)
(DP 11-J-061)
Issues Related to Creating a System of Laws for Fixed-term Employment Contracts (SHIMADA Yoichi) (DP 11-J-060)
Is Equivalent Wages for Equivalent Work an Illusion?: Legal principles for eliminating the disparity between regular and non-regular employees
(MIZUMACHI Yuichiro) (DP 11-J-059)
Expected Tightening of Employment Regulations and the Reality We Need to Look Straight (KOJIMA Noriaki) (DP 11-J-058)
Diverse Regular Employees and Non-regular Employment (MORISHIMA Motohiro) (DP 11-J-057)
Analyzing the Relationship between Poverty and Work: Exploring ways to solve the problem of the working poor (HIGUCHI Yoshio, ISHII Kayoko
and SATO Kazuma) (DP 11-J-056)
What Does a Temporary Help Service Offer?: Preliminary evidence from Japan (OKUDAIRA Hiroko, OHTAKE Fumio, KUME Koichi and TSURU Kotaro) (DP 11-J-055/11-E-077)
A Behavioral Economic Analysis of Dispatched Workers (OHTAKE Fumio and LEE Sun Youn) (DP 11-J-054)
When Do People Work?: An analysis on work timing between regular and non-regular workers (KURODA Sachiko and YAMAMOTO Isamu)
(DP 11-J-053)
Involuntary Non-regular Workers in Japan and Their Mental Health (YAMAMOTO Isamu) (DP 11-J-052)
Why Has the Fraction of Contingent Workers Increased?: A case study of Japan (ASANO Hirokatsu, ITO Takahiro and KAWAGUCHI Daiji) (DP 11-J-051)
Life and Employment of Temporary Workers: Evidence from RIETI survey (OHTAKE Fumio, OKUDAIRA Hiroko, KUME Koichi and TSURU Kotaro)
(DP 11-J-050)
A Bird Eye's View for Coping with Non-regular Employment Problems: Towards reform of the temporary employment system (TSURU Kotaro)
(DP 11-J-049)
Employment Protection and Productivity: Evidence from firm-level panel data in Japan (OKUDAIRA Hiroko, TAKIZAWA Miho and TSURU Kotaro)
(DP 11-E-078)
Evidence of a Growing Inequality in Work Timing Using a Japanese Time-use Survey (KURODA Sachiko and YAMAMOTO Isamu) (DP 11-E-047)
RIETI Policy Symposium
"Pay and Benefits System Reform and Post-3/11 Labor and Employment Policy" (12/02/2011)
VII-2) Economic Analysis of Human Resource Allocation Mechanisms within the Firm: Insider econometrics using HR data
Project Leader: KAWAGUCHI Daiji, FF
＜Overview＞
The efficient allocation of human resources within a firm plays a key role for realizing productivity improvements in the Japanese economy,
where labor mobility across firms is known to be low. Japanese firms have designed HR systems to reduce inefficiencies arising from information
asymmetries between the firm and workers and difficulties in writing a complete contract. Previous studies report several features of such HR systems based on case studies gathered through workplace interviews and survey questionnaires. Theoretical models have also been developed to
explain the stylized facts. The quantitative evaluation of the impacts of HR systems on outcomes, however, has been limited largely due to a lack
of data. This project will fill such literature void by econometrically testing theories based on a large amount of proprietary HR data from several
firms.
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　24
Introduction of Research Projects
VII-3) Fundamental Research for the Construction of a Vibrant Economy and Society in Japan
Project Leader: NISHIMURA Kazuo, FF
＜Overview＞
This project aims to reveal elements contributing to economic growth by viewing the economy as a complex system through an integrated theoretical study based on a behavioral economic analysis of different individuals and a dynamical analysis of an economy composed of different economic agents. Our microeconomic analysis is based on questionnaires, experiments, brain measurements, and their analyses. Our macroeconomic analysis uses the approaches in nonlinear dynamics and will proceed through discussions with researchers abroad. Both take interdisciplinary
approaches.
If one construes Japan's economy and society as complex systems, one may notice hidden essential data behind phenomena. Changing such essential data should improve the dynamic movements generated by those systems and enable economic growth.
This project pays particular attention to the following three points in addressing the target problems. The first is an impact on growth and stabilization of the economy comprised of numerous economic agents. The second is the impact of human capital on economic growth. The third
is the relation between different economic agents and decision making. With respect to the first point, some basic analysis will be made on the
international linkage found in economic growth, and such international linkage through trade will be analyzed in cases where there are relations
of interdependence through externality among many countries.
As regards the second point, attention will be paid to human capital to analyze the roles played by that factor in economic growth. In particular,
the roles played by education will be analyzed, and a discussion will be made on the way to achieving a desirable educational system. Studies by
Dr. Heckman at the University of Chicago, who won the Nobel Prize in Economics in 2000, indicate an extremely large effect of investment in early
childhood education. Education will be a key to innovation and growth.
For the third point, a neuroeconomic analysis, including measurement of individual brain activities, will be conducted to see how the cognitive
state of an economic agent impacts learning and decision making.
＜Major Research Results＞
Discussion Papers
The Impact on Employment of Science Learning in High School: Evidence from income data of university graduates in employment (NISHIMURA
Kazuo, HIRATA Junichi, YAGI Tadashi and URASAKA Junko) (DP 12-J-001)
The Dynamic Heckscher-Ohlin Model: A diagrammatic analysis (Eric BOND, IWASA Kazumichi and NISHIMURA Kazuo) (DP 12-E-008)
VII-4) Building a Governance System to Regulate Educational Finance from the Viewpoint of Integrated Fiscal Management (Optimal Allocation of Resources under Fiscal Constraints)
Project Leader: AKAI Nobuo, FF
＜Overview＞
The environment surrounding Japan is nothing but turbulent. In Asia, China and Southeast Asian economies are continuing to achieve robust
growth. Japan, however, remains mired in the prolonged economic doldrums. Saddled with enormous debt, the government finds little, if any,
room to implement fiscal stimulus measures to boost the economy. Moreover, Japan's working population is set to decrease further going forward as the trends of population aging and low fertility are likely to continue. If Japan, a matured economy, is to sustain its economic growth into
the future against such daunting circumstances, raising the levels of knowledge and productivity of individuals is a pressing need. Indeed, it is
essential to accumulate human capital through school education as well as by effectively utilizing the limited resources for this purpose. In order
to realize this, we must, first and foremost, clearly define the responsibility of the government̶i.e., what role the government should play under
a transparent and accountable governance system for education̶and design an effective, efficient, and impartial system to govern the financing
of education (to ensure the optimal allocation of resources under fiscal constraints).
Based on these observations, this research project seeks to explore the effective allocation of resources as a way of covering the cost of public education for developing human capital geared to future economic growth. In doing so, we will take the viewpoint of integrated government-wide
fiscal management, rather than limiting the scope to education, and aim to put forward a set of policy proposals for building a viable governance
system to regulate educational finance.
VII-5) Research on the Asian Business and Human Resource Strategy of Japanese Companies
Project Leader: ICHIJO Kazuo, FF
＜Overview＞
Expanding business operations in Asia and the rest of the global market is vital to the growth of Japanese companies. However, corporate Japan
still does not have sufficient knowledge and expertise with regard to Asian and global business, which are primarily attributable to the lack of research on best practice. Thus, in this research project, we will conduct scientific research on the cases of Japanese companies' business operations
in Asian countries̶particularly China and India̶to identify key factors for success. Our research findings will be delivered in the forms of research papers and a set of case studies. A distinctive characteristic of this research project is its vision of building a human resource development
center for training future global managers by utilizing the resulting accumulation of such case studies.
25
Program
VIII
Social Security, Taxation, and Public Finance
Program Director FUKAO Mitsuhiro
Japan has to maintain its economic dynamism in the face of its rapid aging population and low fertility rate. This program will carry out multifaceted, integrated research on Japan's social security system,
taxation, and public finance. The research subjects include (1) an analysis of comprehensive panel
data on the elderly, (2) possible reforms to the social security and taxation systems, (3) a proposal for
combining carbon taxes and investment subsidies in energy conservation, (4) optimal fiscal policy
measures for reconstruction from the recent earthquake, economic recovery, and fiscal consolidation,
and (5) new forms of public services, including the "third sector."
Introduction of Research Projects
VIII-1) Policy Mix for Fiscal Consolidation without Harming Japan's Economic Recovery
Project Leader: FUKAO Mitsuhiro, FF
＜Overview＞
First, we estimate a macro production function so as to estimate the total factor productivity (TFP) growth rate. With this function, we can estimate the potential growth rate of Japan. By breaking down the growth rate into contributions from labor, capital and TFP, we can better understand the causes that led to the long-term stagnation of the Japanese economy. We can also estimate the positive effects of the increased
employment brought about by a lower social security tax rate and the increased investment resulting from investment subsidies generated by
carbon-tax revenues. Second, we estimate the expansionary effects from a higher expected inflation rate due to a gradual increase in the consumption tax and carbon-emission tax by using an overlapping generation model with an inter-temporal utility maximization model. By comparing these expansionary effects with the negative effects resulting from tax hikes, we can evaluate the net effect of our proposed policy mix. Finally, we will estimate the net income redistribution effect resulting from the shift in social security funding̶from the current poll tax and wage
tax to consumption tax̶to evaluate the impact on income distribution.
VIII-2) Toward a Comprehensive Resolution of the Social Security Problem: A new economics of aging
Project Leader: ICHIMURA Hidehiko, FF / SHIMIZUTANI Satoshi, CF
＜Overview＞
As the aging of society around the world continues at an unprecedented pace, there is a need to develop sustainable social security systems that
do not lower the quality of life of the elderly. This project will conduct the "global-standard" panel study of middle-aged and elderly subjects, fully
incorporating results from past studies and similar surveys of the elderly (i.e., the Health and Retirement Study, the English Longitudinal Study
of Ageing, and the Survey of Health, Ageing and Retirement in Europe) to realize a new microeconomic and comprehensively market-oriented
approach premised on the diversity of the elderly. In doing so, it will overcome the limitations of past approaches that focused individually on
specific fields such as health care, long-term care, and pensions, as well as that of simulation analysis using macro models. Through the collection
of data that enables a multifaceted international comparison of health condition, economic situation, family relationships, employment status,
and social participation, the project will establish in the Japanese social security policy field evidence-based policymaking based on a wealth of
microeconomic data and will contribute to policymaking in other countries based on Japan's experience.
＜Major Research Results＞
RIETI-RAND Symposium
"What Have We Learned from the Panel Data of the Elderly?: For better life and health" (07/29/2011)
Project URL
Japanese Study of Aging and Retirement (JSTAR) (http://www.rieti.go.jp/en/projects/jstar/index.html)
VIII-2) Toward a Comprehensive Resolution of the Social Security Problem: A new economics of aging
RIETI-RAND Symposium
"What Have We Learned from the Panel Data of the Elderly? For better life and health"
(07/29/2011)
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　26
Introduction of Research Projects
VIII-3) Evaluation of Corporate Tax
Project Leader: NIREI Makoto, FF
＜Overview＞
The corporate sector is the major source of economic growth and employment, and the taxation on its various activities calls for a careful and
systematic evaluation of such policy intervention. To provide such an evaluation scheme, this project builds a numerical dynamic general equilibrium model tailored for Japanese policy environments, and aims to provide some estimates that characterize the impacts of taxation on corporate
activities. Our goal is to contribute to the public discussion on the upcoming reform of tax credit schemes and the corporate tax rate.
＜Major Research Results＞
Discussion Papers
Entry Barriers, Reallocation, and Productivity Growth: Evidence from Japanese manufacturing firms (MURAO Tetsushi and NIREI Makoto)
(DP 11-E-081)
How Much Do R&D Tax Credits Affect R&D Expenditures? Japanese tax credit reform in 2003 (KASAHARA Hiroyuki, SHIMOTSU Katsumi and SUZUKI Michio) (DP 11-E-072)
Effect of R&D Tax Credits for Small and Medium-sized Enterprises in Japan: Evidence from firm-level data (KOBAYASHI Yohei) (DP 11-E-066)
Other research results in Program VIII
＜Research results belonging to research projects prior to fiscal 2010＞
Toward a Comprehensive Resolution of the Social Security Problem: A new economics of aging
Project Leader: ICHIMURA Hidehiko, FF / SHIMIZUTANI Satoshi, CF
Discussion Papers
Retirement Process in Japan: New evidence from Japanese Study on Aging and Retirement (JSTAR) (ICHIMURA Hidehiko and SHIMIZUTANI Satoshi) (DP 11-E-080)
Effect of Pension Reform on Pension-benefit Expectations and Savings Decisions in Japan (OKUMURA Tsunao and USUI Emiko) (DP 11-E-065)
Gender Differences Among Elderly Japanese: Importance of family and social relations for life satisfaction (OSHIO Takashi) (DP 11-E-051)
27
Program
IX
Policy History and Policy Assessment
Program Director TAKEDA Haruhito
The objective of this program's research is to review and assess trade and industrial policy chiefly over
the period from 1980 through 2000, as it looks at Japan's economy, society, and trade and industrial
policies at the end of the 20th century.
At the same time the final two decades of the 20th century were a time of significant changes in Japan's economy and society, they also were a time of very major real and organizational changes in
trade and industrial policy. This research will attempt to make clear how changes in trade and industrial policy at the turn of the century were effected, based on activities including assessment of the
recognition of policy issues over the preceding quarter-century, choice of policy means in response,
and their results.
Introduction of Research Projects
IX-1) General Overview
Project Leader: ODAKA Konosuke, FF
＜Overview＞
During the last two decades of the 20th century, the socioeconomic environment surrounding Japanese trade and industrial policy underwent
four major transformations: (1) changes in domestic macroeconomic conditions, (2) economic globalization on a worldwide scale, (3) new emphasis on deregulations and fiscal reconstruction, and (4) increasing international awareness for environmental preservation. As a consequence,
trade and industrial policy experienced significant shifts in the 1980s and the 1990s.
This project is the outcome of research on policy formation at MITI (now METI) and was compiled by collecting and examining public records on
budgets, subsidies, law-making, organizations, and personnel, as well as by analyzing other actions performed by the Ministry. It places 19802000 Japanese trade and industrial policy into a historical context of the country's industrialization and identifies periodic shifts in its economic
thinking and policy directions.
IX-2) Policy History Studies
Project Leader: TAKEDA Haruhito, FF
＜Overview＞
This research will examine trade and industrial policy in the period centered on the years 1980 through 2000, for each important policy item specifically. It will examine policy changes through describing and assessing the process of policy formation at the time, the industrial and economic
conditions that made such policy formation necessary, the process of policy implementation, the state of realization of the intents of policy, industrial and economic conditions following policy implementation, and other matters, not only using objective factual records but also incorporating analysis and evaluative perspectives as well.
＜Major Research Results＞
Publications
History of Japan's Trade and
Industry Policy (5):
Location, Environment and
Safety Policy
History of Japan's Trade and
Industry Policy (6):
Basic Industry Policy
History of Japan's Trade and
Industry Policy (10):
Natural Resources and
Energy Policy
History of Japan's Trade and
Industry Policy (11):
Intellectual Property Policy
IX-3) History of the Policies of the Nuclear and Industrial Safety Agency
Project Leader: KIKKAWA Takeo, FF
＜Overview＞
This project examines the 11-year history of the Nuclear and Industrial Safety Agency (NISA), from its foundation in 2001 till the entirety of its
tasks are transferred to the Nuclear Safety and Security Agency (NSSA) (tentative), a new organization affiliated with the Ministry of the Environment, in 2012, with an aim to make use of the lessons learned from its experience in nuclear safety administration in the future. We will not only
record objective facts regarding the NISA̶its policies as well as its role and nature as an administrative organ̶but also attempt to account for
the facts by incorporating analytical and evaluative perspectives and examining how the NISA policies have changed over the years.
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　28
S
P
pecial
Research Projects independent from the prior nine Research Programs.
rojects
Introduction of Research Projects
SP-1) Research on Efficient Corporate Financing and Inter-firm Networks
Project Leader: UESUGI Iichiro, FF
＜Overview＞
This project will conduct an empirical analysis of financial intermediation and inter-firm networks primarily using firm-level data. Many of the research topics in the project are policy-oriented and include the effects of the so-called double-loan problem tied to earthquake damage and the
effects of government-sector participation in the lending markets. At the same time, the topics intend to make clear the fundamental issues that
relate to corporate financing and inter-firm networks, such as the form of bank-firm relationships at the time of the financial crisis, consideration
of methods of reducing carbon-dioxide emissions using inter-firm network data, and the relationship between transactions between companies
and industrial clusters.
＜Major Research Results＞
Discussion Papers
Bank Dependence and Financial Constraints on Investment: Evidence from the corporate bond market paralysis in Japan (UCHINO Taisuke)
(DP 11-J-071/11-E-073)
The Global Financial Crisis and Small- and Medium-sized Enterprises in Japan: How did they cope with the crisis? (OGAWA Kazuo and TANAKA
Takanori) (DP 12-E-012)
Differentiated Use of Small Business Credit Scoring by Relationship Lenders and Transactional Lenders: Evidence from firm-bank matched data
in Japan (HASUMI Ryo, HIRATA Hideaki and ONO Arito) (DP 11-E-070)
An Estimation of the Inside Bank Premium (NEMOTO Tadanobu, OGURA Yoshiaki and WATANABE Wako) (DP 11-E-067)
Policy Discussion Paper
Natural Disasters and Firm Dynamics (UESUGI Iichiro, UCHIDA Hirofumi, UCHINO Taisuke, ONO Arito, HAZAMA Makoto, HOSONO Kaoru and MIYAKAWA Daisuke) (PDP 12-P-001)
SP-2) Research and Development on Systems for Analysis of Next-generation Energy Statistics and Demand/Supply
Trends
Project Leader: KAINOU Kazunari, F
＜Overview＞
The general energy statistics (fiscal 2005 edition) and prefecture energy consumption statistics (fiscal 2006 edition) developed by RIETI currently
are used as official statistics for purposes of the Japanese government's energy and environmental policies. In recent years, the government has
begun new statistical studies and materials beneficial for further improving estimation methods are being developed in areas such as energyconsumption statistics on tertiary industry and motor-vehicle-fuel consumption statistics for the transportation sector. For this reason, nextgeneration general energy statistics and a demand-supply analysis system will be developed, with the goal of adoption in 2012, a turning point in
energy and environmental policy as the end of the First Commitment Period of the Kyoto Protocol.
SP-3) Research on Innovation and Economic Growth (joint research with Kyoto University)
Project Leader: YASHIRO Naomitsu, CF / SABURI Masataka, CF
＜Overview＞
Innovation plays a significant role in revitalizing the sluggish economy. It brings the world into an intensified competition over how to collect
seeds of innovation such as science research findings from across the world, develop them to a commercialization stage, and bring the resulting
benefits to the society at large. That is, countries around the world are competing to create a "National Innovation System" or a social mechanism
that provides a fertile soil for seeds of innovation. As specific steps, the United States enacted the America COMPETES Act in 2007, and China
amended the Law of the People's Republic of China on Progress of Science and Technology in the same year.
In this project, we will conduct analysis on corporate data focusing on business activities expected to lead to the enhancement and deepening of
innovation, and propose policies that facilitate the spread of spillovers of innovation across the Japanese economy.
29
Introduction of Research Projects
SP-4) The Frontier of Corporate Governance Analysis: Toward the recovery of Japanese companies' competitiveness (corporate governance, strategic choice and performance)
Project Leader: MIYAJIMA Hideaki, FF
＜Overview＞
This research group has so far continued to work on a theoretical and empirical analysis of corporate governance, through which it has been revealed that Japanese companies have greatly diversified from their former homogeneous structure and that their evolution is characterized by a
hybrid pattern of corporate governance that combines the two different systems of the economic institution; the market-oriented system and the
relation-based system. It has also been revealed that, while companies having a hybrid structure have maintained high performance, those companies are undergoing the process of trial and error in their own reform and that hybridization can entail considerable adjustment costs. While we
will continuously tackle the critical task of analyzing current changes in the corporate governance arrangement (the Company Law amendment,
board reforms, redesign of compensation scheme, ownership changes, and the characteristics of the market for corporate control), this project is
intended to further expand the above tasks in order to proceed with an analysis of the relation between corporate governance characteristics and
corporate organizations and strategies, for the purpose of redesigning corporate governance to facilitate a recovery in Japan's competitiveness.
Existing empirical studies have scarcely paid attention to the transmission mechanism that shows how corporate governance characteristics affect corporate performance. This project thus aims at a comprehensive analysis of corporate governance characteristics, management strategies,
and corporate performance. Based on quantitative and qualitative information concerning the financial policy as well as the organizational and
business strategies of firms, new variables will be created concerning management strategies and organizations. These variables will be used
to examine (1) the impact which a particular management strategy or organizational choice has on corporate performance, (2) which factors of
corporate governance characteristics determine the choice of a particular managerial and organizational strategy and to what extent, and (3) the
mutual (causal) relation among corporate governance, corporate strategies, and corporate performance.
SP-5) Economic Analysis of Organizations and Institutions
Project Leader: TSURU Kotaro, SF
＜Overview＞
The Japanese economy experienced a fifteen-year period of adjustment following the collapse of the bubble economy. As it now attempts to
take off toward new frontiers, Japan needs to adopt organizational and institutional designs that will heighten and promote the potential growth
and the process of innovation. In so doing, as a more essential requirement for the improvement of corporate innovation and therefore corporate
performance, it is important to fundamentally review corporate organizational structures, the status of human resources, and the systems and
institutions that function as the infrastructure of markets. This project starts by focusing on corporate mergers and acquisitions, which intensify in
recent years, to more fully examine the following questions:
(1) What are the motives and intent of M&A activities?; and
(2) Are the initially anticipated effects of M&A realized, and does corporate performance actually improve after the completion of corporate reorganization?
In addition, countermeasures to hostile take-over bids and their implications will also be analyzed.
＜Major Research Results＞
Discussion Paper
International Transmission of the 2008 Crisis: Evidence from the Japanese stock market (HOSONO Kaoru, TAKIZAWA Miho and TSURU Kotaro)
(DP 11-E-050)
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　30
Introduction of Research Projects
SP-6) RIETI Data Management Project
Project Leader: TOMITA Hideaki, RC / KONISHI Yoko, F
＜Overview＞
The data in RIETI's possession can be categorized as follows: data available at relatively low cost, which research institutions would ordinarily be
expected to have on hand; large-scale data sets purchased by individual research projects for use in their research; and data generated by these
research projects (including the results of questionnaire surveys). The purpose of this project is to develop infrastructure for facilitating a more
efficient utilization of these datasets by users. An additional purpose of this project is to serve as a forum for active discussion of related topics
within RIETI, with an eye to considering the possibility as well as methods to make these datasets available to both researchers and the public at
large as a source of new knowledge.
Having accumulated considerable expertise in handling microdata being in the possession of RIETI, we will also try to create convertors for
statistics data matching that enable researchers to quickly access and analyze microdata. By enhancing our handling of data, we will be better
equipped to deal with the new Statistics Act and improve the existing value and uniqueness of RIETI.
＜Major Research Results＞
Japan Industrial Productivity Database 2011 (JIP 2011)
(http://www.rieti.go.jp/en/database/JIP2011/index.html)
China Industrial Productivity Database 2011 (CIP 2011)
(http://www.rieti.go.jp/en/database/CIP2011/index.html)
Asian Monetary Unit (AMU) and AMU Deviation Indicators
(http://www.rieti.go.jp/users/amu/en/index.html)
Japanese Study of Aging and Retirement (JSTAR)
(http://www.rieti.go.jp/en/projects/jstar/index.html)
RIETI Trade Industry Database (RIETI-TID)
(http://www.rieti.go.jp/en/projects/rieti-tid/index.html)
RIETI Foreign Direct Investment (FDI) Database
(http://www.rieti.go.jp/en/database/FDI2010/index.html)
International Comparison of Productivity among Asian Countries (ICPA) Project
(http://www.rieti.go.jp/en/database/d03.html)
31
Introduction of Research Projects
SP-7) Establishment of Credit Risk Database in Selected Asian Countries and Improvement of SME Database to Promote
the Efficient Allocation of Loans to the Growing SME Sector
Project Leader: YOSHINO Naoyuki, FF
＜Overview＞
As Japanese small and medium enterprises (SMEs) increasingly advance into other Asian economies, they often find it difficult or costly to secure
necessary financing for their local business operations. In order to solve this problem, it is essential to reduce information asymmetry between
SMEs and local banks, which involves the collection of financial and non-financial data. In Japan, the Credit Risk Database (CRD) Association has
been collecting financial data on SMEs for more than 10 years, and it has now become possible to rate SMEs by analyzing a large amount of data
accumulated to date. However, this is not the case in some of the other Asian economies. Despite their overwhelming presence in these economies, SMEs are often unable to take out bank loans due to information asymmetry and have to borrow from local non-bank money lenders at
significantly higher costs. In this research project, we seek to transplant Japan's experience with the CRD to such countries as Thailand, Indonesia,
and Malaysia in order to build a database that will not only facilitate financing for local SMEs but also enable Japanese SMEs operating in these
countries to secure loans more efficiently from local financial institutions. This will enable SMEs to be rated.
In addition, we will examine how non-financial data (soft data) on SMEs are being utilized and to what extent such information is taken into account by Japanese banks in making loan decisions. The findings from this will be utilized in collecting data on SMEs in other Asian countries.
Information asymmetry between lenders (banks) and borrowers (SMEs) would enhance smooth financing to SMEs and lower the interest rate
they pay. Asian SMEs is a source of economic growth. Data collection and data analysis will enhance SME activities in Japan and the Asian region.
This project is pursued together with the International Affairs Office of Small and Medium Enterprise Agency.
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　32
Introduction of Research Projects
SP-8) Research on the Third Sector and the Management Problems of Third-sector Organizations in Japan
Project Leader: USHIRO Fusao, FF
＜Overview＞
Increasing attention is now being given to the third sector as one of the key actors in addressing social problems and needs, along with the
government (public sector) and commercial enterprises (corporate sector). Against this backdrop, this research project seeks to reveal an overall
picture of the third sector in Japan, examine the management problems of third-sector organizations, and identify management and institutional
challenges that must be overcome to enable Japanese third-sector organizations to become efficient providers of public services. This research
project is to build on findings from our preceding one from the previous fiscal year, in which we delineated the overall picture of the third sector
in Japan, and we will take a closer look into the management problems of Japanese third-sector organizations by type. By doing so, we will seek
to identify management issues faced by third-sector organizations as providers of public services in terms of improving efficiency and service
quality and institutional challenges, i.e., issues faced in reforming relevant institutional systems (contracts, the designated manager system, the
voucher system, etc.) and their implementation rules.
SP-9) Survey of International Trends and Discussions in Greenhouse Gas Emission Reduction Projects under the UN
Framework Convention on Climate Change
Project Leader: KAINOU Kazunari, F
＜Overview＞
Under the United Nations Framework Convention on Climate Change (UNFCCC), parties to the Kyoto Protocol, including Japan and the European
Union, are allowed to use the Kyoto Mechanisms̶emissions trading, Joint Implementation (JI), Clean Development Mechanism (CDM), etc.̶in
the first commitment period from 2008 to 2012 in addition to their domestic activities to achieve their respective greenhouse gas (GHG) emission reduction commitments. Specifically regarding CDM and JI, under which investments in emission reduction projects in third countries can
be taken as emission credits, various problems have been pointed out and, accordingly, discussions are now underway to make changes to the
mechanisms.
In the 16th Conference of Parties (COP-16) to the UNFCCC held in Cancun, Mexico in 2010, a new framework differing from that of the Kyoto Protocol and involving the participation of the United States, China, and other developing countries was set up as part of the Cancun Agreement.
Under the new framework, participating countries or regions would voluntarily set GHG emission reduction targets, and the achievement of the
targets would be made subject to multilateral review. It was also agreed that a new set of flexible mechanisms, similar to the Kyoto Mechanisms,
be institutionalized under the new framework. However, the specifics of such flexible mechanisms have yet to be worked out.
This survey seeks to investigate, analyze, and evaluate the progress going forward in reforming the Kyoto Mechanisms under the Kyoto Protocol,
and moves toward that in developing a new mechanism with an aim to put forward international policy proposals for efficient and effective GHG
emission reductions in the future.
＜Major Research Results＞
Project URL
Observations of the CDM Executive Board of the Kyoto Protocol to the United Nations Framework Convention on Climate Change
(http://www.rieti.go.jp/jp/projects/cdm/index.html) (in Japanese)
SP-10) Economic Analysis of Networks via Social Network Services (SNS)
Project Leader: MATSUDA Naoko, F
＜Overview＞
It has been long pointed out that the start-up environment in Japan is unfavorable. In order to mitigate this issue, discussion on factors such as
funding, human resource development, and institutional aspects have been taking place, and various policy measures have been implemented.
The number of firms, however, is still spread unevenly. I will analyze entrepreneurs' network by focusing on social network services (SNS). Entrepreneurs' network including alumni, professional acquaintances and incumbent business partners might play a pivotal role in the performance of
their firms as it provides crucial business information. I will look into how entrepreneurs' network will expand and its significance.
33
Introduction of Research Projects
Other research results in fiscal 2011, independent from any Research Projects
＜Multidisciplinary research results＞
Discussion Papers
Labor Productivity and Gender Equality: Why do Japanese firms keep failing, what they should do, and what the government should do? (YAMAGUCHI Kazuo) (DP 11-J-069)
How Far Has China's Urbanization Come? (MENG Jianjun) (DP 11-J-063)
The Determinants of Low Marital Fertility in Korea: A comparison with Japan (YAMAGUCHI Kazuo) (DP 12-E-013)
Postgraduate Education and Human Capital Productivity in Japan (MORIKAWA Masayuki) (DP 12-E-009/11-J-072)
Dissemination of Regenerative Medicine in Japan: Promoting commercialization under the regulatory system (KURATA Kenji and CHOI YounHee) (DP 12-E-004)
Thünen and the New Economic Geography (FUJITA Masahisa) (DP 11-E-074)
A Network Approach to the Economic Models of Fertility (YOUM Yoosik) (DP 11-E-062)
Culture and Diversity in Knowledge Creation (Marcus BERLIANT and FUJITA Masahisa) (DP 11-E-046)
Policy Discussion Paper
Evaluating the Economic Response to Japan's Earthquake (Molly K. SCHNELL and David E. WEINSTEIN) (PDP 12-P-003)
RIETI Policy Symposiums
"Toward Sustainable Economic Growth Following the Great East Japan Earthquake : Restructuring of the economic infrastructure and
policy response" (11/15/2011)
"Toward Strengthening Industrial Competitiveness Following the Great East Japan Earthquake: Efforts by the industrial sector and
policy response" (11/07/2011)
＜Research results in fiscal 2011 other than the above＞
Project Title: The Japanese Economy under Low Fertility and Aging Population: From the perspectives of economic growth, productivity, labor
force, and prices
Project Leader: YOSHIKAWA Hiroshi, FF / UNAYAMA Takashi, FF
Discussion Papers
Special District for Foreign Trainees and Policy Evaluation (HASHIMOTO Yuki) (DP 11-J-048)
Consumption Behavior of Elderly Households and Price Index (UNAYAMA Takashi and KEIDA Masayuki) (DP 11-J-047)
The Intertemporal Substitution and Income Effects of a VAT Rate Increase: Evidence from Japan (David CASHIN and UNAYAMA Takashi)
(DP 11-E-045)
Stochastic Origin of Scaling Laws in Productivity and Employment Dispersion (FUJIWARA Yoshi and AOYAMA Hideaki) (DP 11-E-044)
Project Title: Research on Productivity Growth in Service Sector
Project Leader: KWON Hyeog Ug, FF
Discussion Papers
Does E-commerce Increase Employment in Japan? An empirical analysis based on the Establishment and Enterprise Census (KWON Hyeog Ug)
(DP 12-J-003)
Energy Efficiency in the Service Industry: An empirical analysis using establishment data (MORIKAWA Masayuki) (DP 11-J-062)
Sources of Future Economic Growth in Japan: An empirical analysis based on micro-data (FUKAO Kyoji and KWON Hyeog Ug) (DP 11-J-045)
Labor Market Gender Disparity and Corporate Performance in Japan (Jordan SIEGEL and KODAMA Naomi) (DP 11-E-075/11-J-073)
Entry of Foreign Multinational Firms and Productivity Growth of Domestic Firms: The case of Japanese firms (ITO Keiko) (DP 11-E-063)
Population Density and Efficiency in Energy Consumption: An empirical analysis of service establishments (MORIKAWA Masayuki) (DP 11-E-058)
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　34
Introduction of Research Projects
Project Title: Productivity of Industries and Firms and Japanese Economic Growth
Project Leader: FUKAO Kyoji, FF
Discussion Papers
Technology and Capital Adjustment Costs: Micro evidence of automobile electronics in the auto-parts suppliers (UCHIDA Ichihiro, TAKEDA Yosuke and SHIRAI Daichi) (DP 12-E-001)
How Important is Geographical Agglomeration to Factory Efficiency in Japan's Manufacturing Sector? (FUKAO Kyoji, Victoria KRAVTSOVA and
NAKAJIMA Kentaro) (DP 11-E-076)
The Overseas Subsidiary Activities and Their Impact on the Performance of Japanese Parent Firms (EDAMURA Kazuma, Laura HERING, INUI Tomohiko and Sandra PONCET) (DP 11-E-069)
Do More Productive Firms Locate New Factories in More Productive Locations? An empirical analysis based on panel data from Japan's Census
of Manufactures (FUKAO Kyoji, IKEUCHI Kenta, KIM YoungGak and KWON Hyeog Ug) (DP 11-E-068)
Revisiting Productivity Differences and Firm Turnover: Evidence from product-based TFP measures in the Japanese manufacturing industries
(KAWAKAMI Atsushi, MIYAGAWA Tsutomu and TAKIZAWA Miho) (DP 11-E-064)
Project Title: Study on International Trade and Firms
Project Leader: WAKASUGI Ryuhei FF / TODO Yasuyuki FF
Discussion Papers
Multinational Corporations, FDI and the East Asian Economic Integration (YANG Tzu-Han and HUANG Deng-Shing) (DP 11-E-071)
Does Tobin's q Matter for Firms' Choices of Globalization Mode? (JINJI Naoto, ZHANG Xingyuan and HARUNA Shoji) (DP 11-E-061)
A Model of Multi-dimensional Human Capital Investment: Specific vs. general investments under uncertainty (ICHIDA Toshihiro)
(DP 11-E-056)
Project Title: Research on Internationalization of Corporate Activities and Innovation
Project Leader: YASHIRO Naomitsu, CF
Discussion Paper
Export and Productivity under Different Market Condition: Evidence from Japan (YASHIRO Naomitsu and HIRANO Daisuke) (DP 11-E-054)
Project Title: Trade Agreements and Tax Systems
Project Leader: KOTERA Akira, FF
Discussion Paper
Investment Liberalization Treaty and Direct Taxation: Focusing on the European Court of Justice's ruling in the Cadbury Schweppes case (SUAMI
Takao) (DP 11-J-068)
35
Introduction of Research Projects
Project Title: Study on Offshore Outsourcing by Japanese Firms
Project Leader: TOMIURA Eiichi, FF
Discussion Papers
Technological Knowledge and Offshore Outsourcing: Evidence from Japanese firm-level data (ITO Banri, TOMIURA Eiichi and WAKASUGI Ryuhei)
(DP 11-E-052)
Size Matters: Multi-plant operation and the separation of corporate headquarters (OKUBO Toshihiro and TOMIURA Eiichi) (DP 11-E-049)
Project Title: Study Group on Changes in Financial and Industrial Structures
Project Leader: WATANABE Tsutomu, FF / UESUGI Iichiro, SF
Discussion Paper
Report on a Fact-finding Survey of the Credit-decision System and Loan Pricing in Small Business Financing in Japan (NEMOTO Tadanobu, OGURA Yoshiaki and WATANABE Wako) (DP 11-E-053)
Project Title: Study of a Self-supporting Regional Economic System
Project Leader: NAKAMURA Ryohei, FF
Discussion Paper
Contribution of Local Agglomeration Economies to Productive Efficiency: Stochastic frontier estimation with establishment-level data on Japanese manufactures (NAKAMURA Ryohei) (DP 11-J-043)
Project Title: Empirical Analysis of Japan's Labor Market: Policy responses to fertility decline and population aging
Project Leader: KAWAGUCHI Daiji, FF
Discussion Papers
Urban Density, Human Capital, and Productivity: An empirical analysis using individual wage data (MORIKAWA Masayuki)
(DP 11-E-060/11-J-046)
Persistent Productivity Differences between Firms (TAKII Katsuya) (DP 11-E-048)
Life-cycle Search, Match Quality and Japan's Labor Flow (Julen ESTEBAN-PRETEL and FUJIMOTO Junichi) (DP 11-E-041)
Japan's Labor Market Cyclicality and the Volatility Puzzle (Julen ESTEBAN-PRETEL, NAKAJIMA Ryo and TANAKA Ryuichi) (DP 11-E-040)
Changes in Japan's Labor Market Flows due to the Lost Decade (Julen ESTEBAN-PRETEL, NAKAJIMA Ryo and TANAKA Ryuichi) (DP 11-E-039)
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　36
Introduction of Research Projects
Project Title: The Design of an International Institution to Prevent Global Warming
Project Leader: FURUSAWA Taiji, FF
Discussion Paper
Free-riding-proof International Environmental Agreements (FURUSAWA Taiji and KONISHI Hideo) (DP 11-E-043)
Project Title: Study on Factors of Regional Revitalization
Project Leader: OZAKI Masahiko, SF
Policy Discussion Paper
Study of the Regional Economies: Factors for Invigoration (OZAKI Masahiko and NAKANISHI Hodaka) (PDP 11-P-014)
Project Title: Supply of Risk Capital in Japan and Related Policy Issues
Project Leader: YOSHINO Naoyuki, FF
Policy Discussion Paper
Evaluation of Venture Policy: Impact of the venture fund program for risk financing (ISHII Yoshiaki) (PDP 11-P-016)
Project Title: Financial Stability and Economic Structure
Project Leader: GOTO Yasuo, SF
Discussion Paper
Changes in the Size Distribution of Manufacturing Establishments: Analysis in view of industrial structure and firm dynamics (GOTO Yasuo)
(DP 12-J-005)
＜Other results not belonging to any project＞
KIET-RIETI-TIER Workshop
"Small & Medium Enterprises: Issues and Policies" (11/22/2011)
RIETI Special BBL Seminar
"Looking Back at the FSX Dispute: Lessons for the Future" (10/07/2011)
KIET-RIETI-TIER Workshop
"Small & Medium Enterprises: Issues and Policies"
(11/22/2011)
RIETI Special BBL Seminar
"Looking Back at the FSX Dispute: Lessons for the Future"
(10/07/2011)
Dr. James E. AUER (Director of the Center for U.S.-Japan Studies
and Cooperation, Vanderbilt Institute for Public Policy Studies)
37
Note: Discussion Papers listed below were published from April 2011 to March 2012.
Discussion Papers
Discussion Papers are research results formed in the shape of treatises which principally have been through an internal review process. To stimulate
active debates, they are posted on our website. (http://www.rieti.go.jp/en/publications/act_dp.html)
DP No.
Date
Title
Author(s)
Project No.
Japanese Language
12-J-006 Mar. 2012
Measuring the Impact of Establishment Level Agglomeration on Produc- KONISHI Yoko (RIETI)
SAITO Yukiko (Fujitsu Research Institute)
tivity: Industrial specialization and urbanization effects
12-J-005 Mar. 2012
Changes in the Size Distribution of Manufacturing Establishments:
Analysis in view of industrial structure and firm dynamics
12-J-004 Mar. 2012 Offshoring of Japanese Small and Medium Enterprises
12-J-003 Mar. 2012
GOTO Yasuo (RIETI)
TODO Yasuyuki (RIETI/The University of Tokyo)
I-1
Does E-commerce Increase Employment in Japan? An empirical analysis
KWON Hyeog Ug (RIETI/Nihon University)
based on the Establishment and Enterprise Census
12-J-002 Jan. 2012 Stock Options and Productivity
MORIKAWA Masayuki (RIETI)
NISHIMURA Kazuo (RIETI/Kyoto University)
The Impact on Employment of Science Learning in High School: Evi- HIRATA Junichi (Ritsumeikan Asian Pacific University)
12-J-001 Jan. 2012
dence from income data of university graduates in employment
YAGI Tadashi (Doshisha University)
URASAKA Junko (Doshisha University)
11-J-073 Dec. 2011 Labor Market Gender Disparity and Corporate Performance in Japan
Jordan SIEGEL (Harvard Business School)
KODAMA Naomi (RIETI/METI)
11-J-072 Dec. 2011 Postgraduate Education and Human Capital Productivity in Japan
MORIKAWA Masayuki (RIETI)
11-J-071 Nov. 2011
V-7
Bank Dependence and Financial Constraints on Investment: Evidence
from the corporate bond market paralysis in Japan
UCHINO Taisuke (RIETI)
ITO Takatoshi (RIETI/The University of Tokyo)
Invoice Currency Choice and Exchange Rate Risk Management in JapaKOIBUCHI Satoshi (Chuo University)
11-J-070 Nov. 2011 nese Firms' Trade Network: RIETI Survey on Japanese Overseas SubsidiarSATO Kiyotaka (Yokohama National University)
ies 2010
SHIMIZU Junko (Senshu University)
11-J-069 Oct. 2011
Labor Productivity and Gender Equality: Why do Japanese firms keep
failing, what they should do, and what the government should do?
YAMAGUCHI Kazuo (RIETI/The University of Chicago)
11-J-068 Sep. 2011
Investment Liberalization Treaty and Direct Taxation: Focusing on the
European Court of Justice's ruling in the Cadbury Schweppes case
SUAMI Takao (Waseda Law School)
11-J-067 Jun. 2011
Characteristics of Subsidies Granted by China and Practical Challenges:
Referring to the U.S.-China dispute
KAWASHIMA Fujio (Nagoya University)
11-J-066 Jun. 2011
Sources of Learning-by-exporting Effects: Does exporting promote innovaITO Keiko (RIETI/Senshu University)
tion?
V-5
VII-3
SP-1
II-1
I-6
V-4
11-J-065 Jun. 2011 State Aid amid a Global Financial Crisis and WTO Rules on Subsidies
KAWASE Tsuyoshi (RIETI/Sophia University)
I-6
11-J-064 Jun. 2011 Determinants of Management Practices
ASABA Shigeru (Gakushuin University)
V-2
11-J-063 Jun. 2011 How Far Has China's Urbanization Come?
MENG Jianjun (RIETI/Tsinghua University)
11-J-062 Apr. 2011
Energy Efficiency in the Service Industry: An empirical analysis using
establishment data
MORIKAWA Masayuki (RIETI)
KUME Koichi (Nagoya University of Commerce and
Business)
11-J-061 Apr. 2011 An Empirical Analysis on the Happiness of Japanese Non-regular Workers OHTAKE Fumio (Osaka University)
OKUDAIRA Hiroko (Okayama University)
TSURU Kotaro (RIETI)
VII-1
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　38
DP No.
Date
Title
Author(s)
Project No.
11-J-060 Apr. 2011
Issues Related to Creating a System of Laws for Fixed-term Employment
SHIMADA Yoichi (Waseda University)
Contracts
VII-1
11-J-059 Apr. 2011
Is Equivalent Wages for Equivalent Work an Illusion?: Legal principles for
MIZUMACHI Yuichiro (The University of Tokyo)
eliminating the disparity between regular and non-regular employees
VII-1
11-J-058 Apr. 2011
Expected Tightening of Employment Regulations and the Reality We
Need to Look Straight
KOJIMA Noriaki (Osaka University)
VII-1
MORISHIMA Motohiro (Hitotsubashi University)
VII-1
Analyzing the Relationship between Poverty and Work: Exploring ways
to solve the problem of the working poor
HIGUCHI Yoshio (Keio University)
ISHII Kayoko (Keio University)
SATO Kazuma (Meikai University)
VII-1
What Does a Temporary Help Service Offer?: Preliminary evidence from
Japan
OKUDAIRA Hiroko (Okayama University)
OHTAKE Fumio (Osaka University)
KUME Koichi (Nagoya University of Commerce and
Business)
TSURU Kotaro (RIETI)
VII-1
OHTAKE Fumio (Osaka University)
LEE Sun Youn (Osaka University)
VII-1
11-J-057 Apr. 2011 Diverse Regular Employees and Non-regular Employment
11-J-056 Apr. 2011
11-J-055 Apr. 2011
11-J-054 Apr. 2011 A Behavioral Economic Analysis of Dispatched Workers
11-J-053 Apr. 2011
When Do People Work?: An analysis on work timing between regular and KURODA Sachiko (Waseda University)
non-regular workers
YAMAMOTO Isamu (Keio University)
11-J-052 Apr. 2011 Involuntary Non-regular Workers in Japan and Their Mental Health
11-J-051 Apr. 2011
Why Has the Fraction of Contingent Workers Increased?: A case study of
Japan
11-J-050 Apr. 2011 Life and Employment of Temporary Workers: Evidence from RIETI survey
11-J-049 Apr. 2011
A Bird Eye's View for Coping with Non-regular Employment Problems:
Towards reform of the temporary employment system
YAMAMOTO Isamu (Keio University)
VII-1
ASANO Hirokatsu (Asia University)
ITO Takahiro (Osaka University)
KAWAGUCHI Daiji (RIETI/Hitotsubashi University)
VII-1
OHTAKE Fumio (Osaka University)
OKUDAIRA Hiroko (Okayama University)
KUME Koichi (Nagoya University of Commerce and
Business)
TSURU Kotaro (RIETI)
VII-1
TSURU Kotaro (RIETI)
VII-1
11-J-048 Apr. 2011 Special District for Foreign Trainees and Policy Evaluation
HASHIMOTO Yuki (The University of Tokyo/
Japan Society for the Promotion of Science)
11-J-047 Apr. 2011 Consumption Behavior of Elderly Households and Price Index
UNAYAMA Takashi (RIETI/Kobe University)
KEIDA Masayuki (Rissho University)
11-J-046 Apr. 2011
Urban Density, Human Capital, and Productivity: An empirical analysis
using individual wage data
MORIKAWA Masayuki (RIETI)
11-J-045 Apr. 2011
Sources of Future Economic Growth in Japan: An empirical analysis
based on micro-data
FUKAO Kyoji (RIETI/Hitotsubashi University)
KWON Hyeog Ug (RIETI/Nihon University College of
Economics)
11-J-044 Apr. 2011 Spillovers and Risk of R&D Projects, and Targeting of Public R&D Support
VII-1
NAGAOKA Sadao (RIETI/Hitotsubashi University)
TSUKADA Naotoshi (RIETI/Takachiho University)
Contribution of Local Agglomeration Economies to Productive Efficiency:
11-J-043 Apr. 2011 Stochastic frontier estimation with establishment-level data on Japanese NAKAMURA Ryohei (RIETI/Okayama University)
manufactures
IV-1
39
DP No.
Date
Title
Author(s)
Project No.
English Language
12-E-017 Mar. 2012
The Causal Effects of Exporting on Japanese Workers: A firm-level analyTANAKA Ayumu (RIETI)
sis
12-E-016 Mar. 2012 Determinants of Transport Costs for Inter-regional Trade
KONISHI Yoko (RIETI)
MUN Se-il (Kyoto University)
NISHIYAMA Yoshihiko (Kyoto University)
SUNG Ji Eun (RIETI/Kyoto University)
TODO Yasuyuki (RIETI/The University of Tokyo)
Effects of Privatization on Exporting Decisions: Firm-level evidence from INUI Tomohiko (Economic and Social Research
12-E-015 Mar. 2012
Institute)
Chinese state-owned enterprises
YUAN Yuan (Waseda University)
12-E-014 Mar. 2012 Strategic Foreign Direct Investment in Vertically Related Markets
ISHIKAWA Jota (RIETI/Hitotsubashi University)
HORIUCHI Eiji (Teikyo University)
12-E-013 Mar. 2012
The Determinants of Low Marital Fertility in Korea: A comparison with YAMAGUCHI Kazuo (RIETI/University of Chicago)
Japan
YOUM Yoosik (Yonsei University)
12-E-012 Feb. 2012
The Global Financial Crisis and Small- and Medium-sized Enterprises in OGAWA Kazuo (Osaka University)
Japan: How did they cope with the crisis?
TANAKA Takanori (Ritsumeikan University)
12-E-011 Feb. 2012 Stock Options and Productivity: An empirical analysis of Japanese firms
12-E-010 Feb. 2012
MORIKAWA Masayuki (RIETI)
Heterogeneous Multinational Firms and Productivity Gains from Falling Shawn ARITA (University of Hawaii at Manoa)
FDI Barriers
TANAKA Kiyoyasu (IDE-JETRO)
I-1
V-7
V-4
I-3
SP-1
V-5
V-4
12-E-009 Feb. 2012 Postgraduate Education and Human Capital Productivity in Japan
MORIKAWA Masayuki (RIETI)
12-E-008 Feb. 2012 The Dynamic Heckscher-Ohlin Model: A diagrammatic analysis
Eric BOND (Vanderbilt University)
IWASA Kazumichi (Kyoto University)
NISHIMURA Kazuo (RIETI/Kyoto University)
VII-3
12-E-007 Feb. 2012 Are Chinese Imports Sensitive to Exchange Rate Changes?
Willem THORBECKE (RIETI)
Gordon SMITH (Anderson College)
II-6
12-E-006 Jun. 2012
Analysis of Industrial Agglomeration Patterns: An application to manu- MORI Tomoya (RIETI/Kyoto University)
facturing industries in Japan
Tony E. SMITH (University of Pennsylvania)
12-E-005 Jun. 2012 Increasing Returns in Transportation and the Formation of Hubs
MORI Tomoya (RIETI/Kyoto University)
12-E-004 Jun. 2012
KURATA Kenji (RIETI/METI)
Dissemination of Regenerative Medicine in Japan: Promoting commerCHOI Youn-Hee (RIETI/Korea Institute for Industrial
cialization under the regulatory system
Economics and Trade)
12-E-003 Jun. 2012
Investigating China's Disaggregated Processed Exports: Evidence that
Willem THORBECKE (RIETI)
the RMB matters
12-E-002 Jun. 2012 Market Size and Entrepreneurship
SATO Yasuhiro (Osaka University)
TABUCHI Takatoshi (RIETI/The University of Tokyo)
YAMAMOTO Kazuhiro (Osaka University)
III-3
III-3
II-6
III-2
UCHIDA Ichihiro (Aichi University)
Technology and Capital Adjustment Costs: Micro evidence of automobile TAKEDA Yosuke (Sophia University)
12-E-001 Jun. 2012
electronics in the auto-parts suppliers
SHIRAI Daichi (The Canon Institute for Global Studies)
11-E-081 Dec. 2011
Entry Barriers, Reallocation, and Productivity Growth: Evidence from MURAO Tetsushi (Hitotsubashi University)
Japanese manufacturing firms
NIREI Makoto (RIETI/Hitotsubashi University)
11-E-080 Dec. 2011
ICHIMURA Hidehiko (RIETI/The University of Tokyo)
Retirement Process in Japan: New evidence from Japanese Study on AgVIII-Others
SHIMIZUTANI Satoshi (RIETI/Institute for Internaing and Retirement (JSTAR)
tional Policy Studies)
VIII-3
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　40
DP No.
Date
Title
11-E-079 Dec. 2011 Japan and Economic Integration in East Asia: Post-disaster scenario
11-E-078 Dec. 2011
Author(s)
FUJITA Masahisa (RIETI)
HAMAGUCHI Nobuaki (RIETI/Kobe University)
OKUDAIRA Hiroko (Okayama University)
Employment Protection and Productivity: Evidence from firm-level panel
TAKIZAWA Miho (Toyo University)
data in Japan
TSURU Kotaro (RIETI)
OKUDAIRA Hiroko (Okayama University)
OHTAKE Fumio (Osaka University)
What Does a Temporary Help Service Job Offer? Empirical suggestions
11-E-077 Dec. 2011
KUME Koichi (Nagoya University of Commerce and
from a Japanese survey
Business)
TSURU Kotaro (RIETI)
11-E-076 Dec. 2011
Project No.
III-1
VII-1
VII-1
FUKAO Kyoji (RIETI/Hitotsubashi University)
How Important is Geographical Agglomeration to Factory Efficiency in
Victoria KRAVTSOVA (Hitotsubashi University)
Japan's Manufacturing Sector?
NAKAJIMA Kentaro (Tohoku University)
11-E-075 Dec. 2011 Labor Market Gender Disparity and Corporate Performance in Japan
Jordan SIEGEL (Harvard Business School)
KODAMA Naomi (RIETI/METI)
11-E-074 Nov. 2011 Thünen and the New Economic Geography
FUJITA Masahisa (RIETI)
11-E-073 Nov. 2011
Bank Dependence and Financial Constraints on Investment: Evidence
from the corporate bond market paralysis in Japan
UCHINO Taisuke (RIETI)
SP-1
11-E-072 Nov. 2011
How Much Do R&D Tax Credits Affect R&D Expenditures? Japanese tax
credit reform in 2003
KASAHARA Hiroyuki (University of British Columbia)
SHIMOTSU Katsumi (Hitotsubashi University)
SUZUKI Michio (The University of Tokyo)
VIII-3
11-E-071 Oct. 2011 Multinational Corporations, FDI and the East Asian Economic Integration
YANG Tzu-Han (National Taipei University)
HUANG Deng-Shing (Academia Sinica)
Differentiated Use of Small Business Credit Scoring by Relationship Lend- HASUMI Ryo (Japan Center for Economic Research)
11-E-070 Oct. 2011 ers and Transactional Lenders: Evidence from firm-bank matched data in HIRATA Hideaki (Hosei University)
Japan
ONO Arito (Mizuho Research Institute)
11-E-069 Oct. 2011
The Overseas Subsidiary Activities and Their Impact on the Performance
of Japanese Parent Firms
SP-1
EDAMURA Kazuma (Tohoku University)
Laura HERING (Erasmus University)
INUI Tomohiko (Economic and Social Research
Institute, Cabinet Office)
Sandra PONCET (Paris School of Economics/Université
de Paris 1/CEPII)
Do More Productive Firms Locate New Factories in More Productive Lo11-E-068 Sep. 2011 cations? An empirical analysis based on panel data from Japan's Census
of Manufactures
FUKAO Kyoji (RIETI/Hitotsubashi University)
IKEUCHI Kenta (NISTEP)
KIM YoungGak (Senshu University)
KWON Hyeog Ug (RIETI/Nihon Univeristy)
11-E-067 Sep. 2011 An Estimation of the Inside Bank Premium
NEMOTO Tadanobu (Chuo University)
OGURA Yoshiaki (Ritsumeikan University)
WATANABE Wako (Keio University)
SP-1
VIII-3
11-E-066 Sep. 2011
Effect of R&D Tax Credits for Small and Medium-sized Enterprises in
Japan: Evidence from firm-level data
KOBAYASHI Yohei (RIETI/METI)
11-E-065 Sep. 2011
Effect of Pension Reform on Pension-benefit Expectations and Savings
Decisions in Japan
OKUMURA Tsunao (Yokohama National University)
USUI Emiko (Nagoya University and IZA)
11-E-064 Aug. 2011
Revisiting Productivity Differences and Firm Turnover: Evidence from
product-based TFP measures in the Japanese manufacturing industries
KAWAKAMI Atsushi (RIETI/Gakushuin University)
MIYAGAWA Tsutomu (RIETI/Gakushuin University)
TAKIZAWA Miho (Toyo University)
11-E-063 Aug. 2011
Entry of Foreign Multinational Firms and Productivity Growth of Domestic Firms: The case of Japanese firms
ITO Keiko (RIETI/Senshu University)
VIII-Others
41
DP No.
Date
Title
Author(s)
11-E-062 Aug. 2011 A Network Approach to the Economic Models of Fertility
YOUM Yoosik（RIETI)
11-E-061 Jul. 2011 Does Tobin's q Matter for Firms' Choices of Globalization Mode?
JINJI Naoto (Kyoto University)
ZHANG Xingyuan (Okayama University)
HARUNA Shoji (Okayama University)
11-E-060 Jul. 2011
Urban Density, Human Capital, and Productivity: An empirical analysis using
MORIKAWA Masayuki (RIETI)
wage data
11-E-059 Jul. 2011
Multinationals in the Services and Manufacturing Sectors: A firm-level analysis
TANAKA Ayumu (RIETI)
using Japanese data
11-E-058 Jul. 2011
Population Density and Efficiency in Energy Consumption: An empirical
MORIKAWA Masayuki (RIETI)
analysis of service establishments
11-E-057 Jul. 2011
Markups, Productivity, and External Market Development: An empirical KATO Atsuyuki (RIETI)
analysis using SME data in the service industry
KODAMA Naomi (RIETI/METI)
11-E-056 Jul. 2011
A Model of Multi-dimensional Human Capital Investment: Specific vs. general
ICHIDA Toshihiro (Waseda University)
investments under uncertainty
11-E-055 Jun. 2011 FDI in Emerging Economies: An analysis in a firm heterogeneity model
ITO Koji (RIETI/OECD)
Project No.
I-Others
V-5
I-1
11-E-054 May 2011
Export and Productivity under Different Market Condition: Evidence from YASHIRO Naomitsu (RIETI/OECD)
Japan
HIRANO Daisuke (Kyoto University)
11-E-053 May 2011
NEMOTO Tadanobu (Chuo University)
Report on a Fact-finding Survey of the Credit-decision System and Loan
OGURA Yoshiaki (Ritsumeikan University)
Pricing in Small Business Financing in Japan
WATANABE Wako (Keio University)
11-E-052 May 2011
ITO Banri (RIETI)
Technological Knowledge and Offshore Outsourcing: Evidence from Japanese
TOMIURA Eiichi (RIETI/Yokohama National University)
firm-level data
WAKASUGI Ryuhei (Kyoto University/RIETI)
11-E-051 May 2011
Gender Differences Among Elderly Japanese: Importance of family and social
OSHIO Takashi (Hitotsubashi University)
relations for life satisfaction
VIII-Others
11-E-050 May 2011
HOSONO Kaoru (Gakushuin University)
International Transmission of the 2008 Crisis: Evidence from the Japanese
TAKIZAWA Miho (Toyo University)
stock market
TSURU Kotaro (RIETI)
SP-5
11-E-049 May 2011
Size Matters: Multi-plant operation and the separation of corporate OKUBO Toshihiro (Keio University)
headquarters
TOMIURA Eiichi (RIETI/Yokohama National University)
11-E-048 Apr. 2011 Persistent Productivity Differences Between Firms
11-E-047 Apr. 2011
Evidence of a Growing Inequality in Work Timing Using a Japanese Time-use KURODA Sachiko (Waseda University)
Survey
YAMAMOTO Isamu (Keio University)
11-E-046 Apr. 2011 Culture and Diversity in Knowledge Creation
11-E-045 Apr. 2011
TAKII Katsuya (Osaka University)
Marcus BERLIANT (Washington University)
FUJITA Masahisa (RIETI)
The Intertemporal Substitution and Income Effects of a VAT Rate Increase: David CASHIN (The University of Michigan)
Evidence from Japan
UNAYAMA Takashi (RIETI/Kobe University)
11-E-044 Apr. 2011 Stochastic Origin of Scaling Laws in Productivity and Employment Dispersion
FUJIWARA Yoshi (Kyoto University)
AOYAMA Hideaki (Kyoto University)
11-E-043 Apr. 2011 Free-riding-proof International Environmental Agreements
FURUSAWA Taiji (Harvard University/Hitotsubashi
University)
KONISHI Hideo (Boston College)
11-E-042 Apr. 2011
VII-1
An Economic Analysis of the Special Milk Classes Scheme of Canada and the
ABE Kenzo (Osaka University)
Agricultural Subsidy
I-6
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　42
DP No.
Date
Title
Author(s)
11-E-041 Apr. 2011 Life-cycle Search, Match Quality and Japan's Labor Flow
Julen ESTEBAN-PRETEL (National Graduate Institute
for Policy Studies)
FUJIMOTO Junichi (The University of Tokyo)
11-E-040 Apr. 2011 Japan's Labor Market Cyclicality and the Volatility Puzzle
Julen ESTEBAN-PRETEL (National Graduate Institute
for Policy Studies)
NAKAJIMA Ryo (Yokohama National University)
TANAKA Ryuichi (Tokyo Institute of Technology)
11-E-039 Apr. 2011 Changes in Japan's Labor Market Flows due to the Lost Decade
Julen ESTEBAN-PRETEL (National Graduate Institute
for Policy Studies)
NAKAJIMA Ryo (Yokohama National University)
TANAKA Ryuichi (Tokyo Institute of Technology)
11-E-038 Apr. 2011
Exploring the Sources of Firm-level Scale Economies in R&D: Complementary NAGAOKA Sadao (RIETI/Hitotsubashi University)
assets, internal and external knowledge inflows, and inventor team size
OWAN Hideo (The University of Tokyo)
Project No.
IV-1
43
Note: Policy Discussion Papers listed below were published from April 2011 to March 2012.
Policy Discussion Papers
Policy Discussion Papers have a strong link to timely policy issues that Japan is facing. Available only in Japanese unless otherwise stated.
(http://www.rieti.go.jp/en/publications/act_pdp.html)
PDP No.
Date
Title
12-P-005 Mar. 2012 The Battle for New Resources: Minor minerals in green technologies
Author(s)
Project No.
David ABRAHAM (RIETI)
TOKUI Joji (RIETI/Shinshu university)
ARAI Nobuyuki (Wakayama University)
KAWASAKI Kazuyasu (Tokai University)
MIYAGAWA Tsutomu (RIETI/Gakushuin University)
The Economic Impact of the Great East Japan Earthquake: Comparison
12-P-004 Mar. 2012 with other disasters, supply chain disruptions, and electric power supply FUKAO Kyoji (RIETI/HItotsubashi University)
constraint
ARAI Sonoe (RIETI/METI)
V-2
EDAMURA Kazuma (Tohoku University)
KODAMA Naomi (RIETI/METI)
NOGUCHI Naohiro (RIETI/Hitotsubashi University)
12-P-003 Feb. 2012 Evaluating the Economic Response to Japan's Earthquake
12-P-002 Feb. 2012
Molly K. SCHNELL (Columbia University)
David E. WEINSTEIN (Columbia University)
Exploring Future Application of Plurilateral Trade Rules: Lessons from the
NAKATOMI Michitaka (RIETI)
ITA and the ACTA
I-5
UESUGI Iichiro (RIETI/Hitotsubashi University)
UCHIDA Hirofumi (Kobe University)
UCHINO Taisuke (RIETI)
12-P-001 Jan. 2012 Natural Disasters and Firm Dynamics
ONO Arito (Mizuho Research Institute)
SP-1
HAZAMA Makoto (Hitotsubashi University)
HOSONO Kaoru (Gakushuin University)
MIYAKAWA Daisuke (Development Bank of Japan)
TANAKA Shogo (RIETI/METI)
Development of Study on Current Account Imbalances and Foreign Sec- OIKAWA Keita (RIETI/METI)
11-P-017 Dec. 2011
tors in Macro-econometric Models
OKUDA Takanori (METI)
II-3
NAKAZONO Yoshiyuki (RIETI)
11-P-016 Sep. 2012
Evaluation of Venture Policy: Impact of the venture fund program for risk
ISHII Yoshi(aki) (RIETI/METI)
financing
[2010-2011 WTO Case Review Series No.4]
Australia—Measures Affecting the Importation of Apples from New
11-P-015 May 2012
NAIKI Yoshiko (Osaka University)
Zealand (WT/DS367/R, WT/DS367/AB/R): Scope of the Obligations under
Article 5.1 of the SPS Agreement on a scientific basis
11-P-014 May 2012 Study of the Regional Economies: Factors for Invigoration
[2010-2011 WTO Case Review Series No. 3]
China—Measures Affecting Trading Rights and Distribution Services
11-P-013 Apr. 2012 for Certain Publications and Audiovisual Entertainment Products (WT/
DS363/R, WT/DS363/AB/R): Can the Violation of Non-GATT Provisions be
Justified by Article XX of the GATT?
11-P-012 Apr. 2012
I-6
OZAKI Masahiko (RIETI)
NAKANISHI Hodaka (RIETI/Tokyo Institute of Technology)
KAWASHIMA Fujio (Nagoya University)
EU State Aid Rules to the Banking Sector amid the 2008 Financial
TADA Hideaki (Toyo University)
Crisis: European Commission's reactions to national measures
I-6
I-6
Public Relations Activities
Dissemination of Research Results
The role of policy research institutes does not end
with the completion of research.They have an
obligation to stimulate policy debates by broadly
disseminating the results of their research. RIETl
actively circulates its research results via its website,
issuing publications and publicity materials, and
holding symposiums & seminars.
Publications
Publicity Materials
Symposiums & Seminars
Website
PR activities 1) Website (http://www.rieti.go.jp/en/)
Operated in three languages—Japanese, English and Chinese—the RIETI website is a key element in our public relations activities. The number of page views for each language has been
growing steadily (see table below). The website makes available to the public a wide range of
materials offering in-depth analyses on individual policy issues such as Discussion Papers written by fellows and handout materials of policy symposiums.
Special efforts have been made to enrich the content of the RIETI website by providing access
to the work of individual fellows and study groups. These are quite unique and exclusive to
RIETI. Some examples are:
◆ East Asian Industrial Productivity project
As part of the project's results, the Japan Industrial Productivity Database 2011 (JIP 2011)
is published to serve as a basic resource for the analysis of Japan's economic growth and
changes in its industrial structure.
http://www.rieti.go.jp/en/database/JIP2011/index.html
◆ Research on a Currency Basket project
Deviation indicators computed by the project, referred to as the Asian Monetary Unit (AMU)
and AMU Deviation Indicators, are published on the website everyday.
http://www.rieti.go.jp/users/amu/en/index.html
◆ Japanese Study of Aging and Retirement (JSTAR)
Information about a panel survey of middle-aged and elderly citizens aged 50 or higher
conducted jointly by RIETI, Hitotsubashi University, and the University of Tokyo is posted.
Not only does the data include diverse information on the economic, social, and health aspects of the middle-aged and the elderly, it is also designed to maintain maximum comparability with other surveys conducted in developed countries such as the Health and Retirement Study (HRS) in the United States, the Survey of Health, Aging and Retirement (SHARE)
in Europe, and the English Longitudinal Study of Aging (ELSA) in the United Kingdom. By
analyzing the data, it is possible to identify the unique and universal aspects of middleaged and elderly citizens in Japan as compared to the world.
http://www.rieti.go.jp/en/projects/jstar/index.html
A reader's column has been set up for timely and policy-related topics, written by fellows in
order to create a forum for active discussion. The Perspectives from Around the World section
introduces the views of some of the world's leading researchers regarding various issues including economic policy, security, and environmental problems.
In enhancing the English and Chinese websites, custom-made contents are created and
added for issues of special interest for overseas readers, and electronic newsletters such as RIETI Report (in English) and Dianzixinxi (in Chinese) are published to circulate Japanese policy
information to RIETI's broad international audience.
Website traffic
Approx. ten years
(Jan. 2002–March 2012)
Fiscal 2011
( April 2011–March 2012)
Japanese
5,929,831
678,889
English
1,544,835
340,129
Chinese
555,380
59,965
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　46
PR Activities 2) Publications
RIETI's publications cover a diverse array of themes and appear under the imprint of various publishers. The contents range from studies of a high
academic standard that have undergone peer review in their respective disciplines to timely policy study topics for a wider audience. (http://www.
rieti.go.jp/en/publications/act_rb.html)
Publications in the third medium-term period (2011–2015)
Japan's Economy
and the Two Lost
Decades
Mar. 2012
Written by FUKAO Kyoji
Nikkei Publishing Inc. ¥4,200/321 pages
Corporate Governance
in Japan: Toward a redesign and restoration
of competitiveness
Jul. 2011
Written and edited by
MIYAJIMA Hideaki
Toyo Keizai Inc.
¥4,800/449 pages
History of Japan's Trade
and Industry Policy (11):
Intellectual Property Policy
Oct. 2011
Written and edited by
NAKAYAMA Nobuhiro
Keizai Sangyo Chosakai
¥7,500/555 pages
Theories of the Enterprise
Law Reformation: Institutional designs of the incentive system
Nov. 2011
Written and edited by
SHISHIDO Zenichi
Nikkei Publishing Inc. ¥6,000/412 pages
Optimum Disclosure System
in the Era of International
Financial Reporting Standards (IFRS)
Oct. 2011
Written and edited by KOGA Chitoshi
Chikura Publishing Co., Ltd.
¥4,600/361 pages
Non-regular Employment
System Reform in Japan:
Changing the way people
work
Jun. 2011
Written and edited by TSURU Kotaro,
HIGUCHI Yoshio, MIZUMACHI Yuichiro
Nippon Hyoronsha Co., Ltd. ¥4,400/318 pages
History of Japan's Trade
and Industry Policy (10):
Natural Resources and
Energy Policy
Jul. 2011
Written by KIKKAWA Takeo
Keizai Sangyo Chosakai
¥7,500/459 pages
Aug. 2011
Written by TODO Yasuyuki
Chuokoron-Shinsha,Inc.
¥740/179 pages
Internationalization of
Modern Japanese Firms:
Analyses of panel data
Nov. 2011
Edited by WAKASUGI Ryuhei
Iwanami Shoten, Publishers
¥6,600/216 pages
History of Japan's Trade
and Industry Policy (6):
Basic Industry Policy
Jul. 2011
Written and edited by
YAMAZAKI Shiro
Keizai Sangyo Chosakai
¥7,500/519 pages
True Potential of the
Japanese Economy: When
the lying dragon awakes
History of Japan's Trade
and Industry Policy (5):
Location, Environment
and Safety Policy
Jun. 2011
Written and edited by
TAKEDA Haruhito
Keizai Sangyo Chosakai
¥9,000/720 pages
47
Publications in the second medium-term period (2006–2010)
Maintaining Economic Dynamism under the Adverse Demographic
Conditions of Low Fertility and Aging Population
Domain I and related books
Economic Vitality in the
Face of Low Fertility and
an Aging Population
Work Life Balance:
Empirical analysis and
policy recommendations
Mar. 2011
Written and edited by
FUJITA Masahisa and
YOSHIKAWA Hiroshi
Nihon Hyoronsya
¥4,600/297 pages
Dec. 2009
Written by
YAMAGUCHI Kazuo
Nikkei Publishing Inc.
¥2,800/287 pages
Domain III and related books
The Environment
and Trade
Mar. 2011
Written and edited by
FUJITA Masahisa and
WAKASUGI Ryuhei
Nihon Hyoronsya
¥4,600/319 pages
Mar. 2011
Written by
YAMASHITA Kazuhito
Nihon Hyoronsya
¥5,700/350 pages
Dec. 2009
Written by
SHIBOTA Atsuo
Sanwa Shoseki
¥3,000/156 pages
The Size of the
Government and the
Social Security System
Apr. 2008
Written and edited by
YAMAGUCHI Kazuo and
HIGUCHI Yoshio
Nikkei Publishing Inc.
¥2,400/323 pages
Jun. 2007
Written and edited by
TACHIBANAKI Toshiaki
University of Tokyo Press
¥3,800/240 pages
Formulating Japan's Strategy in Response to Globalization and
Deepening Economic Interdependence in Asia
Globalization and International Economic Strategies
Direct Investment in
China by Japanese
Companies
Debates; Work-life
Balance in Japan
Food Security
Mar. 2009
Written by
YAMASHITA Kazuhito
Nippon Hyoronsha Co., Ltd.
¥2,300/238 pages
Japan Going Back
to a Less Developed
Country
Dec. 2010
Written by TODO Yasuyuki
Nikkei Publishing Inc.
¥850/191 pages
International Investment Agreement
Apr. 2010
Written and edited by
KOTERA Akira
Sanseido Publishing Co., Ltd.
¥3,800/321 pages
Food Safety and
Trade
Apr. 2008
Written and edited by
YAMASHITA Kazuhito
Nippon Hyoronsha Co., Ltd.
¥5,300/498 pages
The Future of the Multilateral Trading System:
East Asian perspectives
Dec. 2009
Written and edited by KOTERA Akira,
ARAKI Ichiro and KAWASE Tsuyoshi
CMP Publishing
£130/425 pages
Economic Analysis of a Case
for Common Basket in East
Asia
Aug. 2007
Written and edited by ITO Takatoshi,
OGAWA Eiji and SHIMIZU Junko
Toyo Keizai Inc.
¥3,400/208 pages
Free Trade Agreements
in The Asia Pacific
Dec. 2009
Written and edited by
URATA Shujiro and
Christopher FINDLAY
World Scientific Publishing
US$95/305 pages
Transforming East
Asia
Sep. 2006
Written by
MUNAKATA Naoko
Brookings Institution Press
US$24.95/258 pages
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　48
Domain II and related books
Promoting Innovation and Strengthening
International Competitiveness
Productivity and
Innovation Systems
Productivity and Japan's
Economic Growth
Mar. 2011
Written and edited by
FUJITA Masahisa and
NAGAOKA Sadao
Nihon Hyoronsya
¥4,600/369 pages
Mar. 2008
Written and edited by
FUKAO Kyoji and
MIYAGAWA Tsutomu
University of Tokyo Press
¥5,600/347 pages
Productivity in Asia
Dec. 2007
Written and edited by
Dale JORGENSON,
KURODA Masahiro and
MOTOHASHI Kazuyuki
Edward Elgar Publishing
¥14,000/244 pages
Economics of the
Life-cycles of Firms
Dec. 2006
Written and edited by
TACHIBANAKI Toshiaki and
YASUDA Takehiko
Nakanishiya Shuppan
¥3,200/259 pages
Domain IV
Compilation of the History of
Japan's Trade & Industry Policy
History of Japan's Trade
and Industry Policy (4):
Commerce and Distribution Policy
History of Japan's Trade
and Industry Policy (9):
Industrial Technology
Policy
Mar. 2011
Written and edited by
ISHIHARA Takemasa
Keizai Sangyo Chosakai
¥7,500/536 pages
Mar. 2011
Written by SAWAI Minoru
Keizai Sangyo Chosakai
¥7,500/491 pages
Adjacent Basic Research Areas & others
The Economics of Transport
Infrastructure and Governance
Jul. 2010
Written by AKAI Nobuo
Yuhikaku Publishing Co., Ltd.
¥3,400/250 pages
Invitation to Resource Economics
Jul. 2010
Written and edited by
TAKARADA Yasuhiro and
MANAGI Shunsuke
Minerva Shobo
¥5,000/268 pages
Working Hours Reform:
How to change the way
Japanese work
Mar. 2010
Written and edited by
TSURU Kotaro, HIGUCHI Yoshio and
MIZUMACHI Yuichiro
Nippon Hyoronsha Co., Ltd.
¥3,500/184 pages
Economic Analysis of
Regulatory Reforms
Corporate Governance
in Japan
Oct. 2007
Written and edited by
HATTA Tatsuo and
TANAKA Makoto
Nikkei Publishing Inc.
¥4,000/238 pages
Aug. 2007
Written and edited by
AOKI Masahiko,
Gregory JACKSON and
MIYAJIMA Hideaki
OUP
¥12,500/416 pages
Labor Market Institutions
Reform in Japan
Rivalry for Oil
among Nations
Empirical Analysis of
SME Financing in Japan
Mar. 2009
Written and edited by
TSURU Kotaro, HIGUCHI Yoshio and
MIZUMACHI Yuichiro
Nippon Hyoronsha Co., Ltd.
¥4,600/306 pages
Feb. 2009
Written by
HASEGAWA Eiichi
Minerva Shobo
¥3,000/349 pages
Oct. 2007
Written and edited by
WATANABE Tsutomu and
UESUGI Iichiro
Nikkei Publishing Inc.
¥3,200/236 pages
M&A in Japan
Jun. 2007
Written and edited by
MIYAJIMA Hideaki
Toyo Keizai Inc.
¥3,800/389 pages
Relationship Banking
and Regional Finance
Economics of Urban
Recentralization
May 2007
Written and edited by
TSUTSUI Yoshiro and
UEMURA Shuichi
Nikkei Publishing Inc.
¥4,000/319 pages
Jun. 2006
Edited by HATTA Tatsuo
Nihon Keizai Shimbun, Inc.
¥3,800/210 pages
49
Publications in the first medium-term period (2001–2005)
Domain I and related books
Economic Analysis of Labor
Market Design: Enhancing
the job-matching function
Dec. 2005
Written and edited by
HIGUCHI Yoshio, KODAMA
Toshihiro and ABE Masahiro
Toyo Keizai Inc.
¥4,600/432 pages
Domain II and related books
Japan’s National
Innovation System:
Rebuilding the engine
of growth
Mar. 2006
Written and edited by GOTO Akira and
KODAMA Toshihiro
University of Tokyo Press
¥5,200/327 pages
Maintaining Economic Dynamism under the Adverse Demographic
Conditions of Low Fertility and Aging Population
Current Issues Surrounding
Women at Work and in the
Family: Proposals going beyond this age of decreasing
population
Oct. 2005
Written and edited by
TACHIBANAKI Toshiaki
Minerva Shobo
¥3,500/279 pages
Fiscal Reform of Japan:
Redesigning the frame of
the state
Dec. 2004
Written and edited by
AOKI Masahiko and
TSURU Kotaro
Toyo Keizai Inc.
¥4,800/612 pages
Health Care Reform
Feb. 2002
Written by
KAWABUCHI Koichi
Toyo Keizai Inc.
¥2,400/322 pages
Economics of
Balance-sheet
Restructuring
Jun. 2001
Written by FUKAO Mitsuhiro,
TERAZAWA Tatsuya and
KOBAYASHI Keiichiro
Toyo Keizai Inc.
¥2,000/266 pages
Promoting Innovation and Strengthening International Competitiveness
Architecture-based Analysis
of Chinese Manufacturing
Industries
May 2005
Written and edited by
FUJIMOTO Takahiro and
SHINTAKU Junjiro
Toyo Keizai Inc.
¥4,200/353 pages
Toward the Theory of
Knowledge-based Country:
A new paradigm of the
policy process
Mar. 2003
Written and edited by NONAKA Ikujiro,
IZUMIDA Hirohiko and NAGATA Akiya
Toyo Keizai Inc.
¥2,800/319 pages
Empirical Analysis of IT
Innovation: Has IT changed
long-term Japanese economic
performance?
Industry-academia
Cooperation: Toward
institutional design to
cultivate innovative power
Industry-academia
Cooperation: Toward
institutional design to
cultivate innovative power
Mar. 2005
Written by MOTOHASHI Kazuyuki
Toyo Keizai Inc.
¥3,400/208 pages
Feb. 2005
Written and edited by SAWA Akihiro,
TERAZAWA Tatsuya and INOUE Satoshi
Toyo Keizai Inc.
¥3,200/312 pages
Apr. 2003
Written and edited by
HARAYAMA Yuko
Toyo Keizai Inc.
¥2,500/246 pages
The Japanese
Firm in Transition
Sep. 2002
Written and edited by
ITOH Hideshi
Toyo Keizai Inc.
¥3,600/369 pages
Designing Institutions in the
Broadband Era
Apr. 2002
Written and edited by
HAYASHI Koichiro and
IKEDA Nobuo
Toyo Keizai Inc.
¥2,500/259 pages
Modularity: A new
industrial architecture
Mar. 2002
Written and edited by
AOKI Masahiko and
ANDOH Haruhiko
Toyo Keizai Inc.
¥2,800/334 pages
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　50
Domain III and related books
Implementation System
under the WTO Dispute
Settlement Mechanism
Nov. 2005
Written and edited by
KAWASE Tsuyoshi and
ARAKI Ichiro
Sanseido
¥4,500/483 pages
Safeguards under the
WTO Agreement: Issues
and proposals for a more
effective mechanism
Jul. 2004
Written and edited by KAWASE
Tsuyoshi and ARAKI Ichiro
Toyo Keizai Inc.
¥3,800/262 pages
Formulating Japan’s Strategy
in Response to Globalization
and Deepening Economic
Interdependence in Asia
Adjacent Basic Research Areas & others
Microeconomic
Modeling for Policy
Analysis
Pros and Cons of RMB
Revaluation: Interests
and arguments of
China, Japan and the
United States
Agricultural Policy
Reform for Japan and
its Consumers: To better steer WTO and FTA
negotiations
Oct. 2004
Written and edited by C. H.
KWAN and the CASS Institute of
World Economics and Politics
Toyo Keizai Inc.
¥2,600/247 pages
Aug. 2004
Written by
YAMASHITA Kazuhito
Toyo Keizai Inc.
¥4,400/368 pages
Mar. 2006
Written and edited by
KANEMOTO Yoshitsugu,
HASUIKE Katsuhito and
FUJIWARA Toru
Toyo Keizai Inc.
¥4,000/303 pages
WTO at the Crossroads–
An analysis of non-trade
issue linkages
Transnational
Civil Society
Revisiting Global
Warming Issues
Mar. 2003
Written by
MEKATA Motoko
Toyo Keizai Inc.
¥3,400/229 pages
Feb. 2004
Written and edited by
SAWA Akihiro and
SEKI Soichiro
Toyo Keizai Inc.
¥3,400/328 pages
Mar. 2003
Written and edited by
KOTERA Akira
Toyo Keizai Inc.
¥3,600/274 pages
A Reintroduction to
the Chinese Economy
Oct. 2002
Written by C.H. KWAN
Toyo Keizai Inc.
¥1,600/280 pages
The Collapse of
the 1990s Bubble:
Research on the
non-performing
loan problem
Mar. 2005
Written and edited by
MURAMATSU Michio
Toyo Keizai Inc.
¥4,200/346 pages
Liberalizing Electricity Markets: An
economic analysis
Aug. 2004
Written and edited by
HATTA Tatsuo and TANAKA
Makoto
Toyo Keizai Inc.
¥4,400/367 pages
Institutional Reforms
for Enterprise-based
Welfare Provisions
Civil Mind Civil Power:
NPO/NGOs as the lead
actor in the public sector
Sep. 2003
Written and edited by
TACHIBANAKI Toshiaki
and KANEKO Yoshihiro
Toyo Keizai Inc.
¥3,600/244 pages
May 2003
Written and edited by
SAWA Akihiro, et. al
Toyo Keizai Inc.
¥1,900/259 pages
Turning Point of
Japan-China Relations
Local Governance
Reform in an Era
of Change
Aug. 2001
Written and edited by
MUNAKATA Naoko
Toyo Keizai Inc.
¥2,200/220 pages
Mar. 2003
Written and edited by
MURAMATSU Michio
and INATSUGU Hiroaki
Toyo Keizai Inc.
¥3,800/339 pages
The Political Economy of
the Japanese Financial Big
Bang: Institutional change
in finance and public policy
making
Feb. 2003
Written by TOYA Tetsuro
Toyo Keizai Inc.
¥3,800/400 pages
51
Public Relations Activities 3-1) Symposiums
Note: Titles and affiliations of participants are current as of the day of the events. Lists of Speakers/Panelists are in order of appearance.
RIETI Policy Symposium
Pay and Benefits System Reform and Post-3/11 Labor
and Employment Policy
http://www.rieti.go.jp/en/events/11120201/info.html
Date
12/02/2011
Venue
Iino Hall and Conference Center
Host
RIETI
Program
Opening Remarks
Presentation（Overview）
Part ：
I
Pay, Benefits, and Other Conditions of Employment (Approach from the viewpoint of economics and business management theory)
"Changes in the Japanese Employment System as Seen in Wage Profiles"
"Examining Wage Premiums as Compensation for the Lack of Work-Life Balance"
Part II： Equitable Treatment and Labor-Management Relations (Approach from the viewpoint of legal
theory)
"Legal Principles for Addressing Disparities between Regular and Non-regular Workers"
"Legislative Steps toward Achieving More Equitable Treatment of Non-regular Workers"
Part III： Panel Discussion on Employment Conditions and Labor Policy after the Quake
"Current State of Employment Conditions in Affected Areas and Employment Promotion
Programs"
Panel Discussion and Wrap-up
Closing Remarks
Speakers/ NAKAJIMA Atsushi (Chairman, RIETI)
Panelists
TSURU Kotaro (SF and PD, RIETI)
KAWAGUCHI Daiji (FF, RIETI/Associate Professor, Faculty of Economics, Hitotsubashi University)
YAMAMOTO Isamu (Associate Professor, Faculty of Business and Commerce, Keio University)
MIZUMACHI Yuichiro (Professor, Institute of Social Science, The University of Tokyo)
TAKEUCHI (OKUNO) Hisashi (Associate Professor, College of Law and Politics, Rikkyo University)
SHIMADA Yoichi (Professor of Law, Waseda University)
FUJISAWA Katsuhiro (Director, Employment Policy Division, Employment Security Bureau,
Ministry of Health, Labour and Welfare)
HIGUCHI Yoshio (Professor, Faculty of Business and Commerce, Keio University)
OTAKE Fumio (Professor, Institute of Social and Economic Research, Osaka University)
OGINO Katsuhiko (General Manager, Industrial Affairs Dept., Government & Industrial Affairs
Div.,Toyota Motor Corporation)
HASEGAWA Yuko (Executive Director, Department of Working Conditions, JTUC-RENGO)
MORIKAWA Masayuki (VP, RIETI)
RIETI Policy Symposium
Toward Strengthening Industrial Competitiveness Following
the Great East Japan Earthquake: Efforts by the industrial
sector and policy response
http://www.rieti.go.jp/en/events/11110701/info.html
Date
11/07/2011
Venue
Iino Hall and Conference Center
Host
RIETI
Program
Opening Remarks
Guest Speech
Keynote "Toward Creative Reconstruction: Insights from the viewpoint of spa Speech tial economics"
"Industrial Reconstruction and the Internationalization of Markets"
Panel Discussion
Enhancing Post-quake Industrial Competitiveness
Closing Remarks
Speakers/
NAKAJIMA Atsushi (Chairman, RIETI)
Panelists
YANAGISAWA Mitsuyoshi (Vice Minister of Economy, Trade and Industry)
FUJITA Masahisa (President and CRO, RIETI/Professor, Konan University/Adjunct Professor, Institute of Economic Research, Kyoto University)
WAKASUGI Ryuhei (Professor, Institute of Economic Research, Kyoto
University/FF and PD, RIETI)
NAGATA Osamu (Managing Officer, Toyota Motor Corporation)
OHASHI Hiroshi (FF and PD, RIETI/Professor, Faculty of Economics, The
University of Tokyo)
HAMAGUCHI Nobuaki (FF and PD, RIETI/Professor, Research Institute
for Economics and Business Administration, Kobe University)
TODO Yasuyuki (FF, RIETI/Professor, Department of International
Studies, Graduate School of Frontier Sciences, The University of Tokyo)
RIETI Policy Symposium
Toward Sustainable Economic Growth Following the Great East Japan Earthquake: Restructuring of the economic infrastructure and policy response
http://www.rieti.go.jp/en/events/11111501/info.html
Date
11/15/2011
Venue
Iino Hall and Conference Center
Host
RIETI
Program
Opening Remarks
Keynote "Short- and Long-term Measures to Reform Japan's Power and Gas
Speech Markets"
"Restoring Fiscal Health without Undermining Economic Growth"
Panel Discussion
Toward Sustainable Economic Growth in Post-quake Japan
Closing Remarks
Speakers/ NAKAJIMA Atsushi (Chairman, RIETI)
Panelists
HATTA Tatsuo (Advisor, RIETI)
FUKAO Mitsuhiro (FF and PD, RIETI/Professor, Faculty of Business and
Commerce, Keio University)
UESUGI Iichiro (FF, RIETI/Associate Professor, Institute of Economic
Research, Hitotsubashi University)
KIMURA Keiji (Chairman of the Board and Representative Director of
Mitsubishi Estate Co., Ltd/Chairman, Project Team for the Reconstruction from the Great East Japan Earthquake, Japan Association of Corporate Executives)
TOKUI Joji (FF, RIETI/Professor, Faculty of Economics, Shinshu University)
FUJITA Masahisa (President and CRO, RIETI/Professor, Konan University/Adjunct Professor, Institute of Economic Research, Kyoto University)
RIETI Policy Symposium
"Pay and Benefits System Reform and
Post-3/11 Labor and Employment Policy"
(12/02/2011)
TSURU Kotaro, SF
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　52
RIETI-RAND Symposium
What Have We Learned from the Panel Data of
the Elderly?: For better life and health
http://www.rieti.go.jp/en/events/11072901/info.html
Date
07/29/2011
Venue
The Tokai University Club
Host
RIETI, RAND Corporation
Program
Opening Remarks
Special Greeting
Lecture "Longitudinal Aging Data for Behavioral and Social Research"
Session 1 Population Aging in the World Observed in Panel Data
"Outline and Purpose of the Japanese Study of Aging and Retirement
(JSTAR) and the True Picture of Elderly People in Japan as Revealed
by the Study"
"A Comparative Study of Well-being in the US, the UK, and Continental Europe"
"Health and Early Retirement: Policy lessons from international comparisons"
"Cognitive Health of Older Indians: Individual and geographic determinants of female disadvantage"
Session 2 Considering Medical and Health Care Policy Based on Panel Data
"Should Medicare Reform Target Incentives for Providers or Patients?"
"Using International Country Data to Learn about Health̶The case
of England and the USA"
"Health and Health Care in Japanese Elderly"
Session 3 Work Participation of the Elderly as Suggested by Evidence from
Panel Data
"Mental Retirement: National-level policy variations and pooled
cross-sectional data from HRS, ELSA, and SHARE to identify a causal
effect of early retirement on cognition"
"Retirement Process and Social Security in Japan"
"Were They Prepared for Retirement? Financial status at advanced
ages in the HRS and AHEAD Cohorts"
Closing Remarks
Speakers/
FUJITA Masahisa (President and CRO, RIETI/Professor, Konan UniPanelists
versity/Adjunct Professor, Institute of Economic Research, Kyoto
University)
Arie KAPTEYN (Director, RAND Labor and Population)
YOSHITOMI Masaru (Special Adviser, RIETI)
John W. R. PHILLIPS (Behavioral and Social Research Program, National Institute on Aging (NIA))
ICHIMURA Hidehiko (FF, RIETI/Professor of Economics at the Graduate School of Economics and the Graduate School of Public Policy,
The University of Tokyo)
Axel BÖRSCH-SUPAN (Director, Munich Center for the Economics of
Aging (MEA) at the Max-Planck-Institute for Social Law and Social
Policy)
Jinkook LEE (Senior Economist, RAND Corporation)
HASHIMOTO Hideki (Professor, School of Public Health, The University of Tokyo)
David WEIR (Research Professor, Survey Research Center, University
of Michigan/Director, Health and Retirement Study (HRS))
James P. SMITH (Distinguished Chair in Labor Markets and Demographic Studies, RAND Corporation)
SHIMIZUTANI Satoshi (CF, RIETI/Senior Research Fellow, Institute for
International Policy Studies (IIPS))
Robert WILLIS (Professor, University of Michigan)
David WISE (John F. Stambaugh Professor of Political Economy, Harvard Kennedy School)
NAKAJIMA Atsushi (Chairman, RIETI)
The First Asia KLEMS Conference
Productivity Growth in Asia
http://www.rieti.go.jp/en/events/11072701/info.html
Date
07/27/2011
Venue
Asian Development Bank Institute (ADBI)
Host
RIETI, Hitotsubashi University Hi-Stat Project, ADBI
Program
Opening Session
Opening Address
Welcoming Remarks
Keynote Speech
"World KLEMS and Asia KLEMS"
Session 1
"Productivity Growth in India"
"Productivity Growth in Japan"
"Productivity Growth in Singapore"
Session 2
"Productivity Growth in the People's Republic of China"
"Productivity Growth in the Philippines"
"Productivity Growth in the Republic of Korea"
Session 3
"Slicing Up Global Value Chains"
Plenary Discussion and Wrap-up
Future Plan for the Asia KLEMS Project
Closing Remarks
Speakers/
PYO Hak Kil（Professor, Seoul National University/Chair, Asia KLEMS
Panelists
Committee）
KAWAI Masahiro（Dean and CEO, ADBI）
FUJITA Masahisa（President and CRO, RIETI/Professor, Konan University/Adjunct Professor, Institute of Economic Research, Kyoto
University）
Dale W. JORGENSON（Samuel W. Morris University Professor, Harvard
University）
Harry X. WU（Professor, Hitotsubashi University）
Biswanath GOLDAR（Professor, University of Enclave）
MIYAGAWA Tsutomu（FF, RIETI/Vice President, Gakushuin University）
FUKAO Kyoji（FF and PD, RIETI/Professor, Institute of Economic
Research, Hitotsubashi University）
VU Minh Khuong（Assistant Professor, National University of Singapore）
Mario B. LAMBERTE（Director, ADBI）
CHUN Hyunbae（Professor, Sogang University）
RHEE Keun Hee（Senior Researcher, Korea Productivity Center）
Gaaitzen de VRIES（Postdoctoral Researcher, University of Groningen）
MORIKAWA Masayuki（Vice President, RIETI）
Abdul Azeez ERUMBAN（Assistant Professor, University of Groningen）
53
Group of 15 Experts Plenary Meeting
A3 Triangle Initiative on Monetary and Financial Cooperation for Korea, China and Japan
http://www.rieti.go.jp/en/events/11060201/info.html
Date
06/02/2011
Venue
Seoul Press Centre, Seoul, Korea
Host
The North East Asia Research (NEAR) Foundation
Program
Welcome Remarks and Introduction
4th NEAR Award Conferment and Photo Session
Keynote Speech
Session 1 Reserve Pooling and Currency Swap
Session 2 Regional Capital Market Development
Session 3 A3 Regional Basket Currency
Roundtable and Policy Recommendation to the Government
Speakers/
CHUNG Duck Koo（Chairman, The NEAR Foundation）
Panelists
Joshua AIZENMAN（Professor, UC Santa Cruz）
OH John Junggun（President, EAMI and Professor, Korea University）
ZHANG Chengsi（Professor, Renmin University）
FUKUDA Shin-ichi（Professor, The University of Tokyo）
YOON Deok Ryong（Senior Research Fellow, Korea Institute for
International Economic Policies）
FUKAGAWA Yukiko（Professor, Waseda University）
KIM Jung Sik（Yonsei University）
DING Yifan（Deputy Director, Institute of World Development,
Development and Research Centre）
ONO Arito（Senior Economist, Mizuho Research Institute）
HE Fan（Deputy Director, Chinese Academy of Social Science）
OGAWA Eiji（FF, RIETI/Professor, Hitotsubashi University）
DING Jianping（Professor, Shanghai Finance and Economics University）
RHEE Yeongseop（Professor, Seoul National University）
YOSHIDA Yasuhiko（SF, RIETI）
Group of 15 Experts Plenary Meeting
"A3 Triangle Initiative on Monetary and Financial Cooperation for
Korea, China and Japan" (06/02/2011)
Public Relations Activities Activities 3-2) Workshops & Seminars
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　54
Note: Titles and affiliations of participants are current as of the day of the events. Lists of Speakers/Panelists are in order of appearance.
RIETI International Seminar
Lecture on Economy and Industry
Mid-term Workshop on East Asian Firm Productivity
The Global Economy and Corporate Management
Date
02/29/2012
Venue
RIETI's seminar room
Host
RIETI
Program
Opening Remarks
Morning Session Exports and Productivity of Chinese Firms
"Effect of Privatization on Exports through Changes in Productivity
and Financial Factors"
"Trading Partners, Traded Products, and Firm Performances of China's
Exporter-Importers: Does processing trade make a difference?"
"Factor Intensity, Product Switching, and Productivity: Evidence from
Chinese exports"
Afternoon Session International Competition and Firms' Growth（1）
"The Effect of Exporting on Product Innovation and Sources of Firm
Heterogeneity: Evidence from the 1980s and 1990s in Korea"
"The Impact of Trade with Low-wage Countries on Manufacturing
Plants in Japan"
Afternoon Session International Competition and Firms' Growth（2）
"Exports, Mark-ups, and Productivity: Micro-evidence from Korean
manufacturing"
"Exporter Dynamics and Information Spillovers through the Main
Bank"
"Market Competition, R&D Investment, and Productivity Growth: A
comparative study of Japanese and Korean firms"
Concluding Remarks
Speakers/
FUJITA Masahisa（RIETI/Konan University/ Kyoto University）
Panelists
ITO Keiko（Senshu University）
FUKAO Kyoji（RIETI/Hitotsubashi University）
TODO Yasuyuki（RIETI/The University of Tokyo）
INUI Tomohiko（Cabinet Office）
ZHANG Yifan（Lingnan University）
YU Zhihong（University of Nottingham）
KWON Hyeog Ug（RIETI/Nihon University）
HAHN Chin Hee（Kyungwon University）
MIYAKAWA Daisuke（Development Bank of Japan）
NAKANE Masato（RIETI/IMF）
Chad STEINBERG（RIETI/IMF）
LEE Siwook（Myongji University）
KIM YoungGak（Senshu University）
Date
Venue
Host
http://www.rieti.go.jp/en/events/12022901/info.html
http://www.rieti.go.jp/jp/events/12021501/info.html (in Japanese)
02/15/2012
Hakata Miyako Hotel
Kyushu Bureau of Economy, Trade & Industry, RIETI, Kyushu Economy
International
Program
Opening Remarks
Presentation 1
"Key to Economic Growth: Globalization and industrial agglomeration"
Presentation 2
"Corporate Strategy to Global Niche Top Company―Kyushu edition"
Presentation 3
"Risk Management for Overseas Operations"
Speakers/
TAKIMOTO Toru (Director-General, Kyushu Bureau of Economy, Trade & Industry)
Panelists
TODO Yasuyuki (FF, RIETI/Professor, Department of International Studies, Graduate School of
Frontier Sciences, The University of Tokyo)
NAMBA Masanori (Professor Emeritus, Ritsumeikan Asia Pacific University)
OKITA Takekazu (Branch Manager, Nippon Export and Investment Insurance (NEXI), Osaka
Branch)
Japan-Korea Joint Workshop
Workshop on Measurement Issues in Productivity Databases for Asian Countries
http://www.rieti.go.jp/en/events/11112501/info.html
Date
Venue
Host
11/25/2011
Gakushuin University
RIETI, Foundation Research (S) "Empirical Research on Intangible
Investment in Japan (ERII)," Korea Productivity Center (KPC),
Gakushuin University, and Global COE Program "Research Unit for
Statistical and Empirical Analysis in Social Sciences" (G-COE HiStat), Hitotsubashi University
Program
Lectures
"IO Table Data of the KIP, JIP, and Asia KLEMS（Industry classification, consistency with SNA, SU Tables, etc.）"
"Capital Input Data of the KIP, JIP and Asia KLEMS"
"Labor Input Data of the KIP, JIP and Asia KLEMS"
Presentations "Intangible Assets and Economic Growth in Emerging Markets"
"Intangible Investment in Japan at the 2-Digit Industry Level"
Speakers/
CHUN Hyunbae（Professor, Sogang University）
Panelists
PYO Hak K.（Professor, Seoul National University/Chair, Asia KLEMS Committee）
RHEE Keunhee（Senior Researcher, Korea Productivity Center）
MIYAGAWA Tsutomu（FF, RIETI/Professor, Gakushuin University）
HISA Shoichi（Associate Professor, Yokohama City University）
FUKAO Kyoji（FF and PD, RIETI/Professor, Institute of Economic Research, Hitotsubashi
University）
Lecture on Economy and Industry
"The Global Economy and Corporate Management" (02/15/2012)
TODO Yasuyuki, FF
55
KIET-RIETI-TIER Workshop
Small & Medium Enterprises: Issues and Policies
http://www.rieti.go.jp/en/events/11112201/info.html
Date
11/22/2011
Venue
Korea Institute for Industrial Economics & Trade（KIET）
, Seoul, Korea
Host
RIETI, KIET, Taiwan Institute of Economic Research（TIER）
Program
Opening Remarks
Session 1 SMEs and Globalization
"The Impact of Globalization on SMEs in Japan"
"Opportunities & Challenges of Globalization for SMEs in Taiwan"
Session 2 SMEs: The Effect from Financial Sectors and Entrepreneurship
"The Effect of Mega-bank Merger on SME Borrowing Costs and Bank-Firm
Relationships"
"Korea's Entrepreneurship Rates and Policy Implications"
Session 3 SMEs: Innovation and Cooperation
"Advancing Cross-strait Cooperation on SME Development"
"The Comparative Study of SBIR Program among Korea, Japan, and Taiwan"
"High Growth SMEs"
Closing Remarks
Speakers/
SONG Byoung Jun（President, KIET）
Panelists
NAKAJIMA Atsushi（Chairman, RIETI）
HONG David S.（President, TIER）
TANAKA Ayumu（F, RIETI）
KIM Won-Kyu（Senior Research Fellow, KIET）
YANG Chia-Yen（Director of Division VI, TIER）
UCHINO Taisuke（F, RIETI）
HONG Seok-Il（Research Fellow, KIET）
HO Chen-Sheng（Associate Research Fellow, TIER）
YOSHIDA Yasuhiko（SF, RIETI）
RIETI Special BBL Seminar
Looking Back at the FSX Dispute: Lessons for the Future
http://www.rieti.go.jp/en/events/11100701/info.html
Date
Venue
Host
Program
Lecture
Speakers/
Panelists
10/07/2011
RIETI's seminar room
RIETI
"An American's View of Japan's FSX Program: Was it 'Reinventing the
wheel' or increasing Japan's defense capability?"
"Looking Back at the FSX Dispute―Lessons for the Future―"
James E. AUER (Director of the Center for U.S.-Japan Studies and
Cooperation, Vanderbilt Institute for Public Policy Studies)
KONNO Hidehiro (Member of the Board, Mitsubishi Corporation)
RIETI Special Seminar
Special Lecture by Professor Jorgenson, Harvard
University:World KLEMS Initiative
http://www.rieti.go.jp/en/events/11072601/summary.html
Date
Venue
Host
Program
Lecture
Speakers/
Panelists
07/26/2011
RIETI's seminar room
RIETI
"Introduction to the World KLEMS Consotrium"
"The Economic Impact of the Great East Japan Earthquake"
Dale W. JORGENSON (Samuel W. Morris University Professor, Harvard
University)
FUKAO Kyoji (FF and PD, RIETI/Professor, Institute of Economic Research, Hitotsubashi University)
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　56
PR activities 4) Publicity Materials
To promote wide dissemination of research results and subsequent contributions that invigorate policy debate, a variety of publicity materials are
available in print and downloadable from our website.
Materials for dissemination of research results
RIETI HIGHLIGHT
RIETI Highlight is a quarterly public relations magazine that
keeps readers up to date on the activities of RIETI, including
the feature, brief reports on symposiums, workshops and
seminars, reviews of new publications, and columns written by
our fellows. A column titled "Research Digest," which
introduces recently published discussion papers through
interviews with their authors, explores the motivation
underlying their research in an easy-to-understand manner （Special Issue）
that has been well-received by readers.
first massive and
Earthquake was the
The Great East Japan
an earthquake, a
history that included
complex disaster in
supply failure,
plant accident, power
tsunami, a nuclear power
clear
of supply chains. It became
and large-scale disruptions
the risks
economies of scale and
that the tradeoff between
disasters is an
natural and man-made
resulting from diverse
desirable
when thinking of the
essential issue to be addressed
Special Report
Removing
Japan's Recovery by
ation:
Borders and Decentraliz
perspective
From a spatial economics
FUJITA Masahisa Officer, RIETI / Professor, Konan University
President and Chief Research
the
government established
On July 29, the Japanese
Japan
from the Great East
Basic Policy on Reconstruction
is on the
the reconstruction project
Earthquake. Although
issue of how
over 10 years, the vital
order of 23 trillion yen
for future
funded remains a subject
this project is to be
Yoshihiko, who
Cabinet led by NODA
discussion. The new
to create
on August 30, is required
was named prime minister
This
a specific plan for reconstruction.
and implement quickly
course of Japan
outlook for the future
column aims to give an
of spatial
from the perspective
through the reconstruction
officer and
president & chief research
FUJITA Masahisa is RIETI's
includes urban
Konan University. His expertise
concurrent professor at
spatial economics and
regional development,
and regional economics,
regional science from
He obtained his Ph.D. in
international economics.
position,
in 1972. Prior to his current
the University of Pennsylvania
University of
the Regional Science Department,
he was a professor at
of Economics,
and a professor at the Department
Pennsylvania (1986-94)
of the American
(1994-95). He is a member
University of Pennsylvania
Association, the
the Japanese Economic
Economic Association,
Science Association.
the International Regional
Econometric Society, and
(written with J.
Economics of Agglomeration
Selected publications include
(written
Economy
Press, 2002), The Spatial
F. Thisse, Cambridge University
1999), Urban Economic
A. Venables, MIT Press,
with P. Krugman and
Press, 1989), and others.
Theory (Cambridge University
4
economics.
that analyzes
a new field of economics
Spatial economics is
interregional, and international
dynamic changes in intercity,
forces
by focusing on agglomeration
spatial economic systems
from the
and creativity) arising
(improvement in productivity
activities and the complementary
proximity of diverse human
to analyze
Its fundamental task is
relationships among them.
production and
diverse activities of
the process in which
at municipal,
variety of agglomeration
consumption form a
on the one
levels in close interactions
regional, and national
a tradeoff
on the other through
decentralization
hand and
activities
scale in individual production
between economies of
a broad sense (see Figure).
and transport costs in
Economies of
scale
Tradeoff
Transport costs
Agglomeration/
dispersion
Risks
Figure: Fundamental
task of spatial economics
wake of the earthquake.
n
ess on
ivene
siv
responsiveness
wed remarkable respons
showed
Japanese companies
ns at a
chains
chain
plyy ch
supply
n and restored sup
the frontline of production
lmostt
aalmost
ction alm
oductio
production
expected with pr
rate greater than initially
m e off
time
ti
the tim
th
acturing industry at
normalized in the manufacturing
n
me elyy been
merely
uction at present has
production
writing. Nevertheless,
r ty
priority
priorit
ghest p
highest
state. Placing the highe
rehabilitated to its original
bacck
ng back
"buildin
"bu
taking a "building
rather than taking
to the speed of restoration,
to
eed to
need
t ne
en the
choice, given
evitable
inevitable
an
was
better" approach,
ng
faccturin
manufacturing
manufa
of Japan's advanced man
avoid the hollowing-out
off
lenge o
challenge
chall
e ch
he
aves Japan with tthe
leaves
industry. This, however,
os
oss
across
nd acro
and
hin an
ply chains both within
supply
creating more resilient
out
ou
itho
without
is e w
s issue
We need to address this
its national boundaries.
om
from
e fro
ed
d
excluded
ex
exclud
ing
being
be
Japan
the risk of
delay in order to avoid
e
u re
su
ressu
pressure
gp
o ng
tro
strong
orks, as there is str
networks,
global procurement
e
he
oth tthe
both
om b
from
ials manufacturerss fr
recovery.
materials
difficulty of a creative
on components and
n.
on
tio
leading
oducti
production.
pr
erse prod
ers
disperse
into a creative destruction
as markets to disp
overseas
Transforming the disaster
domestic market and
off
ge o
resolution,
antag
van
advantage
g adva
ng
taking
that requires exceptional
se risk while taki
to new growth is a task
The point is how to disperse
o
to
been
s
e
has
licie
o
policies
Japan
sic p
basic
ba
e can take three bas
we
it appears, however,
energy, and time. As
economies of scale, and
gh a
hroug
through
drastically. This
lants th
lan
plants
p
choice, to change itself
virtuall dispersion of
forced, rather than by
achieve that end: 1)
ys al
ysica
physical
II. But Japan
plan, 22)) phy
CP) or a similar pl
crisis since World War
(BCP)
is indeed the greatest
business continuity plan
nd
and
n an
estern
western
t w
e, to
to bring about fundamental
apan (for instance,
Japan
must turn it into an opportunity
dispersion of plants inside
gh
gh
steps.
oug
ro
thorough
nd 33)) thoro
n
efforts and taking decisive
tional borders, aand
national
united
across
or
making
by
Japan)
changes
eastern
ose
a —ttho
r i als—t
materials—those
ma
will continue.
mponents and mater
components
Otherwise, Japan's decline
differentiation of core
the
gh
gh
o ug
ro
hro
enesss — tthrough
to be taken in reconstructing
competitiveness—
the source of competitiven
Let us consider the direction
constituting
ar
e
ea
clear
cle
preferred
g
the
king
a
making
b m
system by focusing on
nnovation and by
innovation
Japanese socio-economic
continual (technological)
thrust
ntts,,
ent
onen
ompo
ccomponents,
tegies for partss aand co
Tohoku region. The principal
strategies
path for recovery in the
distinction between two
he
ind tthe
find
u fi
ust
must
em
We
and decentralization.
ifferentiation. W
and differentiation.
should come from borderlessness
i.e., commonalization
ent
esiliient
resilient
re
ore res
more
for development
uct m
tru
reconstruct
cies to reconstr
the target direction
policies
First, let us consider
best mix of these three
to the
industry in relation
broad.
and abroad.
of the Japanese manufacturing
supply chains in Japan
oa
struck
pondiing tto
spo
responding
off resp
Although the areas directly
o be capable o
to
problem of supply chains.
In doing so, it is necessary
e
he
ki g tthe
king
taking
in the Tohoku
my, tak
conomy
economy,
mainly four prefectures
trend off the world eco
by the earthquake were
change in the major
n
on
ti
tion
a
Ibaraki),
ora
o
t
and
restoration
rest
e
ete
omplet
complete
Miyagi, Fukushima,
ure of the com
the failure
and Kanto regions (Iwate,
lessons learned from
of
n s of
part of the
h ain
chains
ply ch
pp
supply
al sup
industry in Japan and
ntional global
Conventional
the entire manufacturing
of the Port of Kobe.
umer
onsu
to suspend
consumer
for co
d fo
ructed
constructed
abroad were forced
have been construct
manufacturing industry
Japanese corporations
u ryy ,
tu
e ntu
century,
this ce
es. In th
ern countries.
Western
production.
markets in advanced
n
on
20,000pa sio
pansi
expansion
ge exp
rg
large
re a larg
untries where
countries
is manufactured by assembling
A single automobile
however, it is in emerging
t
for the
derr to
order
or
d. In orde
ed.
ected
xpe
expected.
Economies of scale work
products is exp
30,000 parts and materials.
in the demand for industrial
d
nd
ns aand
hains
ly cchains
supply
current globall sup
With an established transportation
production of each part.
participate in global growth,
strong
a
is
there
transport costs,
infrastructure and low
E
iall Edition
2011 Special
RIETI Highlight 20
R. WAKASUGI
T. ITO
N. HAMAGUCHI
RIETI データベースの
構築
実態を捉える ─
SYMPOSIUM
シンポジウム
RIETI-RAND
のは何か：
高齢者パネルデータから学んだも
くらしと健康の向上のために
Non-Technical
Summary
族・社会要因の
高齢者の生活満足度における家
小塩 隆士
重要性に関する男女比較
特別講演
H. OHASHI
K. TSURU
M. FUKAO
Dale W. JORGENSON
JIP データベース
アジア KLEMS と
冨田 秀昭 研究コーディネーター
Non-Technical
Summary
果と所得効果
消費税引上げの異時点間代替効
宇南山 卓 FF
David CASHIN ／
（Quarterly Issue）
生産性成長：
外資系企業の参入と国内企業の
個票データを利用した実証分析
「企業活動基本調査」
伊藤 恵子 FF
リエティ・ハ
M. FUJITA
特 集
講 演
・社会的調査 のための
行動
縦断的高齢化 データ
Data for Behavioral
Longitudinal Aging Research
Social
and
John W. R. PHILLIPS
（N IA）行動・社会調査プログラム
米国国立老化研究所
ロ
NIA の使命は、高齢化のプ
、高齢者
セス、加齢に伴う疾病
ズ に つ い て、
特有の問題とニー
、そのデー
質の高い調査を実施し
ディケア
タを社会保障制度、メ
課題に有
などの幅広い主要政策
団体に情
効活用できるよう関係
り、米国の
報を発信することによ
。また、2007
を改善することにある
高齢者の健康と幸福度
ーカイ
査の開発、データ・ア
年の NIA 戦略計画は、縦断的調
有化に加えて、国際比
較研究を促進す
る社会・行動データの
国際的調和の推
進を謳っている。
ティから
デルは、研究コミュニ
NIA が採用している研究モ
らの科学的プロ
するものだ。即ち、自
膨大な量の情報を収集
「健
るのである。
て専門家の助言を受け
グラムの方向性につい
同様で
」を進めるための決定も
（HRS）
康と引退に関する調査
「1987 年のデータ収集の優
ーに加え、
Ad Hoc Advisory
問パネル（1987
先順位に関する特別諮
」など、多くの学術
Priorities）
Panel on Data Collection
された。それら
の勧告を受けつつ実施
会議や専門家パネルで
際的、縦断調査
た一貫した主題は、学
全ての会議から得られ
標）と行政デー
イオマーカー（生体指
を実施し、とりわけバ
。
おくことの重要性だった
タとの結合に配慮して
あり、定期的なレビュ
2 0 1 1
F A L L
36
RIETI データベー
ス
の構築
間の相互
収集者、第三者専門家
NIA は、連邦政府、データ
でデータの充実
ニズムを活用すること
連携を特徴とするメカ
性確保ならびに
、行政データとの関連
と展開を図るとともに
している。また、
連邦政府機関とも連携
財源調達のために他の
てデータが十分
と配信の仕組みを通じ
研究者のネットワーク
の取り組みにも
られるようにするため
に活用され、調和が図
では、HRS を充
の助成金交付プロセス
乗り出している。NIA
ビューとモニタ
第三者専門家によるレ
実させるため継続的に
ディケア・メディ
る。米社会保障庁、メ
リングが実施されてい
機関とのパートナー
ケイド・サービス・センターなど、他の連邦
行う場を提供し
を用いた独特の研究を
シップは、行政データ
∼少子
少子高
高齢化
齢化、生産性の実態
を捉える
る∼
ジョルゲンソン
教授特別講演
ワールドKLE
MS とアジア KLEM
S
ている。
）
ズ（Gruber/Wise）
（例）グルーバー／ワイ
国際比較研究（
に、さまざまな
比較研究の拡充を目的
が求められてい
性をさらに高めること
た尺度の作成を
集に加え、より調和し
成金が提供され
せるため、計画準備助
支援し、調査を充実さ
S デー
は、NIA からの支援により、HR
ている。ランド研究所
している。
する 2 件のプログラムを実施
タの効果的な配信に関
い RAND HRS データセットと、国際
これらは、利用しやす
・メタデータ・
の「ランド・サーベイ
比較研究の資源として
ト上で自由に閲
両方ともインターネッ
レポジトリ」である。
の成果を踏まえ、国際
高齢化調査の比較可能
る。国際的なデータ収
覧できる。
らの膨大
は、NIA が研究コミュニティか
要約すると、HRS
査を求めたこと
もに長期的な高齢者調
ーザー数の増加
戦略は、学術分野のユ
学問領域にまた
ている。また、複数の
独立行政法人
面で大きく貢献
網羅し、科学面、政策
がる多くの主題領域を
経済産業研究所
に関する拡
HRS は、処方薬の保険適用
している。たとえば、
する金融危機の
ラム、株式と引退に対
大メディケア・プログ
3
なフィードバックとと
の結果であった。配信
という点で成果を上げ
2
Materials about RIETI
Annual Report
Th Annual Report is a
The
co
concise summary of RIETI’s
en
entire activities in each fiscal
ye
year. It reports on topics
su
such as research projects,
fe
fellows’ activities, and PR
ac
activities.
Annual Report
English
Research Institute of Economy, Trade and Industry, IAA
Volume: 60 pages
Language: Japanese, English, Chinese
イライト
日開催
2011 年 7 月 29
たない。すで
ことについては論を待
かつ喫緊の課題である
わけ日本にとって重要
れるだけでなく、現実
界の多くの国々、とり
れ、学術研究に用いら
高齢化への対応は、世
なパネル調査（追跡調査）が実施さ
しているといわ
者を対象とした大規模
えた統計データは不足
に、世界各国では高齢
者の実態を多面的に捉
る。一方、日本の高齢
（くらしと健康の調査」
調査「
料として活用されてい
の大規模高齢者パネル
の政策立案の判断材
RIETI を中心として世界標準
。
ったが、2007 年から
これまでに 2 回の調査を行っている
ざるを得ない状況であ
JSTAR）を実施し、
設計、指揮する最
of Aging and Retirement,
る高齢者パネル調査を
Japanese Study
界各国で実施されてい
介が行われると
ッパを初めとして、世
は、アメリカ、ヨーロ
の活用状況について紹
今回のシンポジウムで
と、現実の政策決定へ
えてくる高齢者の実像
の重要性について
集結し、データから見
また多面的パネル調査
先端の研究リーダーが
るべき政策への含意、
の高齢者の実像と、あ
ともに、JSTAR から見えてくる、日本
。
活発な議論が行われた
るための高齢化に関す
COLUMN
Language: Japanese,
e, En
EEnglish,
glish, Chinese
se
H. TAKEDA
RIETI
ム
RIETI ─ RANDシンポジウ
H：
んだものは何か
ighlight
高齢者パネルデータから学
くらしと健康の向上のために
ブの作成、データの共
Brochures introduce
general information on
RIETI such as RIETI’s
mission, research
themes and process,
access map, and
organization charts.
K. FUKAO
5
SY OSIUM
SYMP
特 集
先進国の先頭を行く「少子高齢化社
日本経済の再生、等々、
未曾有の困難からの復興、
限られた資金、資源を使って、
ている。
政策へのニーズはどんどん高まっ
ンスに基づく議論が不可欠だ。
めには、学術的なエビデ
最も効率的に政策を実施するた
いる国際的な
RIETI が整備を進めて
そうした学術研究を支えるために
一端を紹介する。
実証データに基づく研究成果の
データベースの内容や、
Brochure
S. NAGAOKA
Special Feature
Quake Revival
Special Edition
RIETI Highlight 2011
─少子高齢化、生産性の
東日本大震災による
会」の進展への対応、
Volume: 50 pages
Language: Quarterly Issue in Japanese/Special Issue in English
2 0 1 1
Special
Edition
37
Highlight
ac
ach
each
duce e
mass-produc
e company to mass-produce
gle
a single
incentive in Japan for
aces
places
to pla
d transport such parts
and
part in a single location
ork
wo
network
n
e netw
countries. A dense
ot
o other
to
all over Japan and some
a ch
eeach
an ea
an, and
Japan,
blished all over Jap
established
of supply chains is
ucttion
production
pro
produc
gaged in highly efficient
engaged
manufacturer has been
e n cyefficiencyefficie
eff
y to a minimum. Such
while reducing inventory
n the
ired in
fire
backfired
of supply networks backf
oriented management
spatial structure for Japan.
faced
even before the earthquake,
Japan was at an impasse
aim not just
problems. Japan should
with many fundamental
but also at a
before the earthquake
at a recovery to the state
for Japan.
leads to a new future
creative recovery that
Earthquake could
Great Hanshin-Awaji
The experience of the
creative recovery
for thinking about a
be a useful reference
Kobe achieved full
Although the Port of
from the earthquake.
of two
disaster in the short period
recovery from a devastating
hub
its function as the international
years and two months,
by Busan and
already been overtaken
port in East Asia had
of a
that the lock-in effects
Shanghai. This fact demonstrates
cannot
maritime transport network
hub of the international
reminder of the
is lost. It is also a telling
be recaptured once it
August 2011
Profile
RIETI
uake Revivall
Quake
Q
Special Feature
57
PR Activities 5) BBL Seminars
BBL seminars are held during lunch hours. We invite Japanese and foreign guest lecturers and provide a venue for candid exchanges of opinions
on a variety of policy issues, transcending industry-government-academia boundaries. During fiscal 2011, 60 BBL seminars were held, bringing the
total number to 753 as of March 31, 2012. (http://www.rieti.go.jp/en/events/bbl/index.html)
Note: Titles and affiliations of participants are current as of the date of the events.
Date
Seminar Title
Speaker(s) & Commentator(s)
03/23/2012 Thailand's Economy after the Great Flood
Speaker： Virasakdi FUTRAKUL (Ambassador Extraordinary and Plenipotentiary of
the Kingdom of Thailand to Japan )
03/14/2012 Challenges Facing the Chinese Economy on the Eve of the Party Congress
Speaker： MENG Jianjun (VF, RIETI/Senior Fellow, Center for Industry Development
and Environment Governance (CIDEG), Tsinghua University)
Commentator： KWAN Chi Hung (CF, RIETI/Senior Fellow, Nomura Institute of Capital Markets Research)
03/13/2012
【Policy History Series】
Constructing the Intellectual Property System Speaker： TAKAKURA Shigeo (SF, RIETI/Professor, Meiji University Law School/
under the WTO and Subsequent Development
Patent Attorney, Suzuye & Suzuye (Patent Law Firm))
03/07/2012
Possibility of Japan Facing a Current Account Deficit and its Desired
Speaker： KANNO Masaaki (Chief Economist, JPMorgan Securities Japan Co., Ltd.)
Macroeconomic Policies
03/02/2012
Dispute Settlement at the WTO: The views of a longtime panelist,
Speaker： Christian HABERLI (Senior Research Fellow, World Trade Institute, Bern University)
negotiator, and committee chair
02/28/2012 Issues on Japan's TPP Participation
Speaker： YAMASHITA Kazuhito (SF, RIETI/Research Director, the Canon Institute for Global Studies)
02/10/2012 Outlook for World Affairs in 2012
Speaker： NOGAMI Yoshiji (President, The Japan Institute of International Affairs)
DANTOTSU Management: Working to become a company that builds on
02/07/2012 strengths from one generation to another/Having confidence in a Japan- Speaker： SAKANE Masahiro (Chairman of the Board, Komatsu Ltd.)
based global company
02/01/2012 Conditions for Medical and Nursing Care Service to Grow as an Industry
Speaker： NISHIMURA Shuzo (Director-General, National Institute of Population
and Social Security Research)
01/31/2012 ASEAN and Regional Integration
Speaker： Surin PITSUWAN (Secretary-General of ASEAN)
01/27/2012 Eight Ideas about Innovation
Speaker： TOKUSEI Kentaro (Product Management Director Geo APAC, Google Japan)
01/26/2012 Reforming the Management of McDonald's
Speaker： HARADA Eikoh (Chairman, President & CEO, McDonald's Holdings
Company (Japan), Ltd.)
01/18/2012
Speaker： MIYAJIMA Hideaki (FF, RIETI/Professor, Faculty of Commerce, Waseda University)
Considering the Future of Corporate Governance in Japan: From the
Commentator： TANAKA Wataru (Associate Professor, Institute of Social Science, The University of Tokyo)
Olympus and Daio Paper scandals
Commentator： SAITO Takuya (Associate Professor, Faculty of Economics, Kyoto Sangyo University)
Firms' Performance and its Relationship with Firms' Promotion of
Speaker： YAMAGUCHI Kazuo (VF, RIETI/Hanna Holborn Grey Professor & Chair of
12/21/2011 Female Human Resource Utilization and Employees' Work-Life Balance:
the Department of Sociology, The University of Chicago)
Facts revealed from the analyses of RIETI's survey on firms
12/20/2011 Japan's Diplomacy towards Africa
Speaker： MATSUYAMA Ryoichi (Chairman, Japan National Tourism Organization
(JNTO)/Former Ambassador of Japan to the Republic of Botswana)
12/13/2011 Introduction of Japanese Version IRA
Speaker： MORINOBU Shigeki (Professor, Chuo Law School/Chief Research Fellow, The Tokyo Foundation)
12/07/2011 Standards, Platforms, and Public Policy
Speaker： Shane GREENSTEIN (Kellogg Chair of Information Technology and
Professor of Management and Strategy, Kellogg School of Management,
Northwestern University)
Commentator： NAGAOKA Sadao (FF and PD, RIETI/Professor, Institute of Innovation
Research, Hitotsubashi University)
12/06/2011 China: Economic developments and outlook
Speaker： Steven BARNETT (Assistant Director, Regional Office for Asia and the Pacific, IMF)
11/30/2011 A Decade of Intelligence War: From 9/11 in the U.S. to 3/11 in Fukushima Speaker： TESHIMA Ryuichi (Journalist / Writer)
11/29/2011 Signs of Changes in the Japanese Economy
11/24/2011
Speaker: FUJISAWA Kumi (Vice President, SophiaBank)
Speaker： KIM Yongdok (Professor, Faculty of Business Administration, Hosei University)
【Policy History Series】Interrelationship between Organizational Theory
Commentator： SHIOTA Koichi (Director, Iron and Steel Division, Manufacturing
and Market Theory: The case of the Japanese steel industry policy
Industries Bureau, METI)
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　58
Date
Seminar Title
Speaker(s) & Commentator(s)
11/17/2011 WTO Case Law on Product Standards and Labeling: New cases, new challenges Speaker： Andrew W. SHOYER (Partner, Sidley Austin LLP)
11/11/2011 Canada's Emergence as a Global Energy Superpower
Speaker： Joe OLIVER (Minister of Natural Resources, Government of Canada)
Commentator： ISHII Akira (Special Adviser, Japan Oil, Gas and Metals National Corporation)
11/09/2011 The Liberalization Process in the Electricity Industry in Norway and the Nordic Countries Speaker： Odd Håkon HOELSÆTER (Director, Hafslund ASA/Former President & CEO, Statnett SF)
Speaker： HATTA Shinji (Auditor, RIETI/Professor, Graduate School of Professional
Accountancy, Aoyama Gakuin University)
Message from Accounting Profession: Toward reconstruction and
11/08/2011
Speaker： SHIBA Kenji (Professor, Graduate School of Kansai University, School of Accountancy)
development from earthquake
Speaker： AOKI Masaaki (Professor, Tohoku University Accounting School)
Speaker： FUJINUMA Tsuguoki (Vice-Chair, Trustees of IFRS Foundation)
11/01/2011
The Implementation of an Energy-saving Society Contributes to the Speaker： Francois-Xavier LIENHART (Deputy Delegate in charge of Japan, SaintEnvironment, People and Economy
Gobain Asia-Pacific/President, MAG-ISOVER K.K.)
White Paper on Manufacturing Industries (Monodzukuri), 2011: The
reconstruction of the business strategy of Manufacturing Industries in Speaker： SAKAI Yoshimasa (Special Assistant to Director-General, Manufacturing
10/31/2011
Industries Bureau, METI)
Japan which fights against the change of International Manufacturing
structure and the crisis after the Great East Japan Earthquake
10/21/2011
Speaker： Prof. Dr. Dres. h.c. Hermann SIMON (Chairman, Simon-Kucher & Partners)
Hidden Champions of the 21st Century―Success strategies of unknown
Commentator： OTA Takehiko (Director, Regional Economic Development Department,
mid-sized world market leaders
Organization for Small & Medium Enterprises and Regional Innovation, JAPAN)
10/19/2011
Global Economy and Financial Markets: Outlook and the challenges
Speaker： ISHII Shogo (Director, Regional Office for Asia and the Pacific, IMF)
ahead with slowing growth and rising risks
Why the National Women's Soccer Team Nadeshiko Japan won the
Speaker： HIRATA Takeo (Professor, Graduate School of Sport Sciences, Waseda
10/17/2011 2011 World Cup Championship?―From the perspectives of policy and
University/Former General Secretary, Japan Football Association)
a growth strategy in the sports business
10/14/2011 IKEA Japan: Our journey
10/12/2011
Lean Startup and Innovation Happening in Japan under Rapidly
Speaker： AKABA Yuji (Managing Director, Breakthrough Partners)
Flourishing Smartphones and Various Social Media
10/07/2011 Looking Back at the FSX Dispute: Lessons for the future
10/06/2011
10/04/2011
Speaker： Mikael PALMQUIST (President & CEO, IKEA Japan K.K.)
Speaker： James E. AUER (Director of the Center for U.S.-Japan Studies and
Cooperation, Vanderbilt Institute for Public Policy Studies)
Speaker： KONNO Hidehiro (Member of the Board, Mitsubishi Corporation)
【Policy History Series】
Policies on Natural Resources and Energy (1973- Speaker： KIKKAWA Takeo (Professor, Graduate School of Commerce and
2010)
Management, Hitotsubashi University)
Base of the Economic Pyramid (BOP) Business: From the viewpoints of
business strategy and development
Speaker： OKADA Masahiro (Associate Professor, Strategic Management, Graduate
School of Business Administration, Keio University)
Speaker： ONO Izumi (Professor, National Graduate Institute for Policy Studies (GRIPS))
10/03/2011 A Future Energy Scenario: Energy strategy in the post-Fukushima era
Speaker： TANAKA Nobuo (Global Associate for Energy Security and Sustainability,
The Institute of Energy Economics, Japan)
09/21/2011 Catastrophic world and Japan―How to survive at this serious phase
Speaker： TAKITA Yoichi (Editorial Committee Member, Nikkei Inc.)
Speaker： CHIDA Toshiki (Chief Researcher, Niigata City Research Institute for Public Policy and Management)
Speaker： TAMAMURA Masatoshi (Visiting Fellow, Niigata City Research Institute for
Analyzing Urban Social Capital and Happiness: Visualization of new
Public Policy and Management/Associate Professor, Faculty of Policy Man09/16/2011
concepts in the city of Niigata
agement, Graduate School of Media and Governance, Keio University)
Commentator： UEYAMA Shinichi (President, Niigata City Research Institute for Public Policy
and Management/Professor, Faculty of Policy Management, Keio University)
09/14/2011 Another Challenge of Commercial Aircraft Development
Speaker： KAWAI Teruaki (Senior Executive Vice President, Mitsubishi Aircraft Corporation)
09/12/2011 China’
s Demographic Change and Implications for Rest of the World
Speaker： CAI Fang (Director and Professor, Institute of Population and Labor Economics, Chinese Academy of Social Sciences)
08/31/2011 Non-regular Employment System Reform in Japan: Changing the way people work Speaker： TSURU Kotaro (SF and PD, RIETI)
59
Date
Seminar Title
Speaker(s) & Commentator(s)
Speaker： ISHIZUKA Yasushi (Director, Policy Planning and Research Office, Trade Policy Bureau, METI)
Speaker： SEKIGUCHI Kunio (Deputy Director, Policy Planning and Research Office,
Trade Policy Bureau, METI)
White Paper on International Economy and Trade 2011: Toward enhanced
07/22/2011
Speaker： UDA Kenjiro (Part-time Officer, Policy Planning and Research Office,
revitalization of the global economic network beyond the disaster
Trade Policy Bureau, METI)
Commentator： ITO Banri (F, RIETI/Associate Professor, Department of International Economics, School of Economics, Senshu University)
07/21/2011
On Economic and Social Development Twelfth Five-year Plan [20112015] in China
07/12/2011 Philosophy of Accessible Design―Practices and observations
Speaker： MENG Jianjun (SF, RIETI/Senior Fellow, Center for Industry Development
and Environment Governance (CIDEG), Tsinghua University)
Speaker： KWAN Chi Hung (CF, RIETI/Senior Fellow, Nomura Institute of Capital Markets Research)
Speaker： GOTO Yoshikazu (Professor, Graduate School of Engineering, Osaka University)
Speaker： HOSHIKAWA Yasuyuki (Executive Director, the Accessible Design Foundation of Japan)
Commentator： TAKEGAMI Shiro (Professor, New Industry Creation Hatchery Center, Tohoku University)
07/11/2011
2011 White Paper on Small and Medium Enterprises in Japan: RecoverSpeaker： HOSHINO Mitsuaki (Director, Research Office, Small and Medium Enterprise Agency, METI)
ing from the disaster and overcoming growth constraints
07/06/2011
The Measures JR East has been taking in Response to the Great East Ja- Speaker： TOMITA Tetsuro (Vice President/Director, Corporate Planning Headquarpan Earthquake, and the Issues to be solved in the Future
ters, East Japan Railway Company)
06/30/2011
Speaker： OSAKI Yasuhiro (Professor, School of Law, Waseda University)
【Policy History Series】Commodities Futures Market ―Is it necessary in
Commentator： TAKASHIMA Ryusuke (Director, Commerce Division, Commerce and DisJapan―
tribution Policy Group, METI)
06/23/2011
Speaker： Dirk PILAT (Head, Structural Policy Division, Directorate for Science,
Opening Japan―Comparisons with other G20 countries and lessons
Technology & Industry, OECD)
learned from international experience
Speaker： Andrea BELTRAMELLO (Policy Analyst, Structural Policy Division, Directorate for Science, Technology & Industry, OECD)
06/16/2011 【Policy History Series】
National Innovation System in Transition
Speaker： SAWAI Minoru (Professor, Graduate School of Economics, Osaka University)
Commentator： FUKUSHIMA Hiroshi (Director, Research and Development Division, Industrial Science and Technology Policy and Environment Bureau, METI)
Speaker： ISHIHARA Takemasa (Professor, Faculty of Commerce, University of Marketing and Distribution Sciences/Professor Emeritus, Osaka City University)
【Policy History Series】
Public Policy Focused on Community Retailing in
06/13/2011
Commentator： FUJINO Takumi (Director, Retail and Wholesale Commerce Division, BusiJapan
ness Support Department, Small and Medium Enterprise Agency, METI)
06/10/2011 Social Change and Democratization in the Arab World
Speaker： IKEUCHI Satoshi (Associate Professor, Research Center for Advanced Science and Technology, The University of Tokyo)
06/09/2011 Damages Caused by the Earthquake, Restoration and Issues for JX Group Speaker： SUGIUCHI Kiyonobu (Director, Senior Vice President, JX Holdings, Inc.)
06/06/2011
Policy Issues on Japanese Economy―The great recession, inequality,
Speaker： HARADA Yutaka (Councilor, Daiwa Institute of Research Ltd.)
budget deficit and aging―
05/12/2011
The Great Kanto Earthquake of 1923 and Industrial Reconstruction: Speaker： OKAZAKI Tetsuji (Professor, Graduate School of Economics, The UniverNatural disasters and changes in the spatial distribution of industries
sity of Tokyo)
05/10/2011 The Earthquake and Genba [Manufacturing Site] Oriented National Policies
Speaker： FUJIMOTO Takahiro (Executive Director, Manufacturing Management Research Center/Professor of Faculty of Economics, The University of Tokyo)
04/26/2011 IMF World Economic Outlook [April 2011]
Speaker： ISHII Shogo (Director, Regional Office for Asia and the Pacific, IMF)
04/25/2011
Are There Any Lessons from the Past Natural Disasters?―Economic recov- Speaker： SAWADA Yasuyuki (FF, RIETI/Associate Professor, Graduate School of
ery and livelihood rehabilitation from the Great East Japan Earthquake
Economics, The University of Tokyo)
04/21/2011 Economic Policy after the Great East Japan Earthquake
Speaker： FUKAO Mitsuhiro (FF and PD, RIETI/Professor, Faculty of Economics, Keio University)
04/20/2011 Beyond Reconstruction: Can Japan achieve miraculous growth again?
Speaker： TODO Yasuyuki (FF, RIETI/Professor, Department of International Studies,
Graduate School of Frontier Sciences, The University of Tokyo)
04/07/2011
Proposals and Challenges for Economic Recovery Following the Great
Speaker： SATO Motohiro (Professor, Graduate School of Economics, Hitotsubashi University)
East Japan Earthquake: Focusing on financial resources for reconstruction
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　60
List of Fellows
Name/Title/Concurrent post
Research Areas
Research Projects at RIETI
< > denotes project leader
61
(April 2011 - March 2012, alphabetical order)
President/Chief Research Officer
Urban Economics, Regional Economics, Spatial Economics
―
NEZU Rizaburo
Science and Technology, Information Technology, Industrial
Policy, Trade Policy
―
ODAKA Konosuke
concurrent Faculty
Fellow
History of International Trade and Industry Policy Thought, Collection of Statistical Data on Macroeconomy in Broader Asia,
Appropriate Preservation of Official Documents as Historical
Sources, Analysis of Modern Labour Economics
<General Overview of Policy History and Policy Assessment>
WAKASUGI Ryuhei
concurrent Faculty
Fellow
International Economics, Economics of Innovation, Law and Economics
<Study of the Creation of the Japanese Economy and Trade and Direct Investment> (Empirical Analysis of Trade Policy Preferences at the Individual Level in Japan)
YOSHIKAWA Hiroshi
concurrent Faculty
Fellow
Macroeconomics, Japanese Economy
<Issues Faced by Japan's Economy and Economic Policy: Demand, productivity, and sustained growth> (Dynamics, Energy and Environment, and Growth of Small- and Mediumsized Enterprises)
FUKAO Kyoji
concurrent Faculty
Fellow
International Economics, Macroeconomics, International Trade
and Direct Investment in Asia, Innovation and Total Factor Productivity
<East Asian Industrial Productivity Project> (Study on Intangible Assets in Japan) (Economic Impact of the Tohoku Earthquake: An analysis based on the Japan Regional
Industrial Production Database) (East Asian Firm-level Productivity Project) (Research on
Measuring Productivity in the Service Industries and Identifying the Driving Factors for
Productivity Growth)
FUKAO Mitsuhiro
concurrent Faculty
Fellow
International Finance, Monetary Theory, Corporate Governance
<Policy Mix for Fiscal Consolidation without Harming Japan's Economic Recovery>
HAMAGUCHI Nobuaki
concurrent Faculty
Fellow
Spatial Economics, Brazilian Area Studies
<Studies on the Structure of Japanese Economic Space and Japanese Supply Chains Sustaining Growth Under Globalization and Disaster Risks>
ITO Takatoshi
concurrent Faculty
Fellow
Microstructure of the Foreign Exchange Market, Economic
Analysis of Foreign Exchange Interventions, Inflation Targeting in
Advanced and Emerging Market Economies, Policy Questions on
the Japanese Economy (How to Get Japan out of Deflation), and
Financial Crises
<Research on Exchange Rate Pass-through> (Research on a Currency Basket)
NAGAOKA Sadao
concurrent Faculty
Fellow
Policy and Institutions for Innovation
<Research on Innovation Process and its Institutional Infrastructure based on Micro Data>
(Standard Policy for Innovation)
OHASHI Hiroshi
concurrent Faculty
Fellow
Industrial Organization, Trade Policy
<Basic Research for a New Industrial Policy> (Globalization, Innovation, and Competition Policy)
TAKEDA Haruhito
concurrent Faculty
Fellow
Economic History of Japan, History of Industry and Business
<Policy History Studies>
TSURU Kotaro
concurrent Senior
Fellow
Corporate Governance, Financial System (e.g. banking), Employment System, Political Economics
<Reform of Labor Market Institutions><Economic Analysis of Organizations and Institutions>
WAKASUGI Ryuhei
concurrent Faculty
Fellow
International Economics, Economics of Innovation, Law and Economics
<Study of the Creation of the Japanese Economy and Trade and Direct Investment> (Empirical Analysis of Trade Policy Preferences at the Individual Level in Japan)
Economic Policy, Industrial Organization
(Research on Measuring Productivity in the Service Industries and Identifying the Driving
Factors for Productivity Growth)
FUJITA Masahisa
Senior Research Advisor
Program Director
Vice President
MORIKAWA Masayuki
Senior Fellow
GOTO Yasuo
Japanese Macro-economy, Financial Economics, Industrial Economics
―
KATO Sota
Comparative Politics, Public Opinion & Voting Behavior, Political
Parties, Political Methodology, American Politics
―
KOBAYASHI Keiichiro
Endogenous Growth Theory, General Equilibrium, Business Cycles,
Bad Debt Problem, Debt Control Policy, Macropolitical Economy
<Research on Macroeconomic Policies Focused on Fiscal Reconstruction and Similar
Measures>
NAKANISHI Hodaka
Regional Economics―Regional Vitalization, Industrial Development; Public Service Outsourcing; Teleworking
<Research of a Mechanism for Regional Revitalization>
NAKATOMI Michitaka
Trade Law, Trade Policy, International Economics
<Case Studies and Future Directions of the Global Trading System and Governance>
Name/Title/Concurrent post
Research Projects at RIETI
< > denotes project leader
Research Areas
(April 2011 - March 2012, alphabetical order)
NISHIGAKI Atsuko
concurrent Research
Governance Structure, Competition Policy, Countermeasures for
(Globalization, Innovation, and Competition Policy)
Coordinator, Policy His- Low Fertility
tory
−
(Research on Measuring Productivity in the Service Industries and Identifying the Driving
Factors for Productivity Growth)
ONO Goro
Industrial Policy, Economic Policy, Policy Formation/Planning,
Industrial Structure, New Economic Theory/Entropy Econometrics, Global Environment/Sustainable Society, Circulation Theory,
Concept of Values, Monetary Theory, System Engineering/Holonic
Engineering, Public Economics, Welfare Economics, Tax Theory,
Foreign Laborforce/Immigration, Small- and Medium-sized Enterprises, Business Models, Intellectual Property Rights, National
Principle, Development Economics/Economic Development Theory, Informatization, Regional Economics, Economic Cooperation,
Subcontract/Parts Production Structure, Organizational Theory,
Exhibitions/Trade Fairs, Economic Thought/Religious Theory, Climate/Japanese Thought
―
OZAKI Masahiko
Global Warming Issues, Environmental Education, Finance, Innovation
<Research of a Mechanism for Regional Revitalization> (Study on Intangible Assets in Japan)
―
―
ODAKI Kazuhiko
TAGUCHI Sadanobu
TAKAKURA Shigeo
―
International Intellectual Property Policy, Patent Practice
TOMITA Hideaki
concurrent Research
Coordinator
Empirical Analysis of R&D and Patents, Innovation, Global Warming Issues, Finance
<RIETI Data Management Project>(East Asian Industrial Productivity Project)(Research on
Measuring Productivity in the Service Industries and Identifying the Driving Factors for
Productivity Growth)
THORBECKE Willem H.
Monetary Economics, Financial Economics, International Economics
<East Asian Production Networks and Global Imbalances>
YAMAMOTO Masafumi
Intellectual Property Law, Intellectual Property Policy
YAMASHITA Kazuhito
Food and Agricultural Policy, Issues for Intermediate and Mountainous Area, WTO Agricultural Negotiations, Trade and Environment, Trade and Food Safety
<Agricultural Policy Reform Aimed at Competitive Agriculture in the Age of Globalization
and Decreasing Population>
YOSHIDA Yasuhiko
Trade Policy, SME Policy, Industrial Policy Including Monozukuri, etc.
―
―
Fellow
ITO Banri
International Economics, Development Economics, Innovation
(Study of the Creation of the Japanese Economy and Trade and Direct Investment)(Empirical Analysis of Trade Policy Preferences at the Individual Level in Japan)
KAINOU Kazunari
Econometrics, Sustainable Development and Quantitative Policy
Evaluation
<Research and Development on Systems for Analysis of Next-generation Energy Statistics
and Demand/Supply Trends><Survey of International Trends and Discussions in Greenhouse Gas Emission Reduction Projects under the UN Framework Convention on Climate
Change>
KONISHI Yoko
Econometrics, Productivity Analysis
<Decomposition of Economic Fluctuations for Supply and Demand Shocks><RIETI Data
Management Project>(East Asian Industrial Productivity Project)
MATSUDA Naoko
Economic Policy, Innovation Management, Network Analysis, Social Network Service
<Economic Analysis of Networks via Social Network Services (SNS)>
NAKATA Daigo
Macroeconomics, Endogenous Economic Growth, Social Security, Numerical Simulation, Sustainable PAYGO Pension System,
Gender-equal Society
(Toward a Comprehensive Resolution of the Social Security Problem: A new economics of
aging)
SATO Hitoshi
International Trade, Economic Growth
(Study of the Creation of the Japanese Economy and Trade and Direct Investment)
TANAKA Ayumu
International Trade, Cultural Economics
(Study of the Creation of the Japanese Economy and Trade and Direct Investment)
TSUKADA Naotoshi
Economics of Innovation, Industrial Organization
(Research on Innovation Process and its Institutional Infrastructure based on Micro Data)
(Standard Policy for Innovation)(RIETI Data Management Project)
UCHINO Taisuke
Banking, Corporate Finance, Applied Econometrics
(Exports and the Japanese Economy: Experiences in the 2000s and the lessons for the
future)(Determinants of the Productivity Gap among Firms in Japan)(Research on Efficient
Corporate Financing and Inter-firm Networks)(RIETI Data Management Project)
AKAI Nobuo
Public Economics, Public Finance, Local Public Finance, Urban
Economics
<Building a Governance System to Regulate Educational Finance from the Viewpoint
of Integrated Fiscal Management (Optimal Allocation of Resources under Fiscal Constraints)>
AOKI Reiko
Industrial Organization, Applied Microeconomics
<Standard Policy for Innovation>
AOYAMA Hideaki
Theoretical Physics, Econophysics
<Dynamics, Energy and Environment, and Growth of Small- and Medium-sized Enterprises>
HATTA Tatsuo
Public Economics
<An International Comparative Study of Power Supply Liberalization>
ICHIJO Kazuo
Organizational Knowledge Creation, Leadership, and Change
Management
<Research on the Asian Business and Human Resource Strategy of Japanese Companies>
ICHIMURA Hidehiko
Econometrics
<Toward a Comprehensive Resolution of Social Security Problems: A new economics of aging>
Faculty Fellow
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　62
Research Projects at RIETI
< > denotes project leader
63
(April 2011 - March 2012, alphabetical order)
Name/Title/Concurrent post
Research Areas
INOUE Tatsuhiko
Business Model Design, Cross-border Transfer of Business Models,
Value Creation Systems (Business Systems), and Business Ecosystems
<Research on the Interactions Between the Business Strategies of Excellent Small and Medium Enterprises (SMEs) and their External Environment>
ISHIKAWA Jota
International Trade Theory
<Economic Analysis of Technology in the Global Economy>
ITO Keiko
Empirical Analysis on International Trade and Foreign Direct Investment, Industry and Firm-Level Productivity Analysis
<East Asian Firm-Level Productivity Project>(East Asian Industrial Productivity Project)
IWAISAKO Tokuo
Financial Economics, Macroeconomics
<Exports and the Japanese Economy: Experiences in the 2000s and the lessons for the future>
KAWAGUCHI Daiji
Labor Economics, Applied Econometrics
<Economic Analysis of Human Resource Allocation Mechanisms within the Firm: Insider
econometrics using HR data> (Reform of Labor Market Institutions)
KAWAHAMA Noboru
Anti-monopoly Law
<Globalization, Innovation, and Competition Policy>
KAWASE Tsuyoshi
International Economic Law, Trade Policy
<Comprehensive Research on WTO><Comprehensive Research on the Current International Trade System>
KIKKAWA Takeo
Japanese Business History, Energy Insustry
<History of the Policies of the Nuclear and Industrial Safety Agency>
KIYOTA Kozo
Internatoinal Economics, Development Economics and Industrial
Organization
<Determinants of the Productivity Gap among Firms in Japan>(East Asian Industrial Productivity Project)
KOTERA Akira
International Law, International Economic Law, WTO System from
the Legal Viewpoint, Investment Agreements
<Pressing Problems of International Investment Law>(Case Studies and Future Directions
of the Global Trading System and Governance)
KWON Hyeog Ug
Industrial Organization, Productivity Analysis, International Economics
<Research on Measuring Productivity in the Service Industries and Identifying the Driving
Factors for Productivity Growth>(East Asian Industrial Productivity Project)(Study on Intangible Assets in Japan)(Economic Impact of the Tohoku Earthquake: An analysis based
on the Japan Regional Industrial Production Database)
MANAGI Shunsuke
Environment Management, Environmental and Natural Resource
Economics, Industrial Organization
<Economic Analysis of Environmental, Energy, and Resource Strategies Following the
Great East Japan Earthquake>
MIYAGAWA Tsutomu
Macroeconomics, Japanese Economics, Asian Economic Trends
<Study on Intangible Assets in Japan>(East Asian Industrial Productivity Project)(Economic
Impact of the Tohoku Earthquake: An analysis based on the Japan Regional Industrial Production Database)(Determinants of the Productivity Gap among Firms in Japan)
MIYAJIMA Hideaki
Japanese Economy, Economic History of Japan, Corporate Finance, Corporate Governance, Comparative Financial Systems
<The Frontier of Corporate Governance Analysis: Toward the recovery of Japanese companies' competitiveness (corporate governance, strategic choice and performance)>
MORI Tomoya
Spatial Economics, Urban and Regional Economics
<Formation of Economic Agglomerations and the Emergence of Order in their Spatial
Patterns: Theory, evidence, and policy implications>
MOTOHASHI Kazuyuki
Applied Micro Economics, Economic Statistics, Econometrics,
International Comparison of Productivity, Economic Analysis of
Information Technology, Technological Innovation and Economic
Growth, Innovation System, Input-output Analysis
<Empirical Studies on the International Comparison of Open Innovation>
NAKAMURA Ryohei
Urban Economics, Regional Economics, Public Economics
<Sustainable Regional Development: New industrial clusters and division of functions>
NIREI Makoto
Firm Dynamics, Macroeconomics, Complex Systems Education
<Evaluation of Corporate Tax>
NISHIMURA Kazuo
Nonlinear Economic Dynamics, Educational Economics, Neuroeconomics
<Fundamental Research for the Construction of a Vibrant Economy and Society in Japan>
OGAWA Eiji
International Currency, International Finance
<Research on a Currency Basket>
OKUMURA Makoto
Civil Engineering, Intercity Traffic Planning, National Planning,
Urban Planning
<Development Policies for Robust Regional Economies, Learned from the Great East Japan Earthquake of 2011>
TABUCHI Takatoshi
Analysis of Urban Agglomeration Economies, Spatial Equilibrium,
Interregional Differentials, Social Welfare in the Context of Urban
Economics, New Economic Geography, International Economics,
Spatial Competition Theory
<Theory and Empirics of Urban Growth and Spatial Structure>
TAKAHASHI Noriyuki
Entrepreneurship
<International Comparative Analysis of Factors Affecting Start-up Activities>
TODO Yasuyuki
International Economics, Development Economics, Applied Microeconometrics
<Study of the Creation of the Japanese Economy and Trade and Direct Investment>(East
Asian Industrial Productivity Project)
TOKUI Joji
Quality of Labor Input, Embodied Technological Progress, Vintage
of Capital, Supply Chain Disruption
<Economic Impact of the Tohoku Earthquake: An analysis based on the Japan Regional
Industrial Production Database>(East Asian Industrial Productivity Project)
TOMIURA Eiichi
Empirical International Trade
<Empirical Analysis of Trade Policy Preferences at the Individual Level in Japan> (Study of
the Creation of the Japanese Economy and Trade and Direct Investment)
UESUGI Iichiro
Corporate Finance, Monetary Policy, Financial Market, Macroeconomics
<Research on Efficient Corporate Financing and Inter-firm Networks>(Long-term Deflation in Japan: Its causes and policy implications)
UNAYAMA Takashi
Household Behavior, Applied Econometrics, Index Theory
<Issues Faced by Japan's Economy and Economic Policy: Demand, productivity, and sustained growth>
USHIRO Fusao
Politics, Public Administration, Non-profit Organization
<Research on the Third Sector and the Management Problems of Third-sector Organizations in Japan>
WATANABE Tsutomu
Financial Policy under Low-inflation, Liquidity Traps, Currency
Framework of Foreign Debt, Effect of Fiscal Policy
<Long-term Deflation in Japan: Its causes and policy implications>(Research on Efficient
Corporate Financing and Inter-firm Networks)
YOSHINO Naoyuki
Empirical Study of Microeconomic Policy
<Establishment of Credit Risk Database in Selected Asian Countries and Improvement of
SME Database to Promote the Efficient Allocation of Loans to the Growing SME Sector>
Name/Title/Concurrent post
Research Projects at RIETI
< > denotes project leader
Research Areas
(April 2011 - March 2012, alphabetical order)
Consulting Fellow
ANBASHI Masahito
―
Economic Growth, Industrial Organization, Contract Theory
Aoki Hironori
―
ARAI Sonoe
―
―
(East Asian Industrial Productivity Project) (Economic Impact of the Tohoku Earthquake:
An analysis based on the Japan Regional Industrial Production Database)
ARAOKA Takuya
Management of Technology, Industry
―
CHOI Youn-Hee
Strategy & Policy Development for Innovation of High-tech Industry including Bioindustry
―
DOI Ryoji
Innovation Policy, Competition Policy
―
―
―
ETO Manabu
Technology Transfer, Management of Technology, Standardization
―
FUJII Toshihiko
Corporate Social Responsibility, Product-related Environmental
Regulations, Lobbying to the EU
―
―
―
ENOMOTO Shunichi
FUJITA Ken
―
―
FUKUNAGA Yoshifumi
International Economic Law, Intellectual Property Law, International Political Economy
―
FUKUYAMA Mitsuhiro
International Political Economy, Comparative Political Economy,
History of the Japanese Political Economy, History and Philosophy of Public Policy
―
GOTO Yuri
Bilateral Investment Treaty
―
HATA Shigenori
Innovation Policy, R&D Evaluation
―
HATTORI Takashi
International Relations, Environment, Trade
―
HAYAFUJI Masahiro
Trade and Related Policies, Trade Regimes, Economic History, Environmental Economics
―
HAYASHI Ryozo
Japan-U.S. Relations, Economic Structural Reform
―
HAYASHI Yotetsu
Finance, Policy for Small and Medium-sized Companies, Human
Resource Development, Monozukuri
FUKANO Hiroyuki
―
HIGURASHI Masaki
(Research on the Asian Business and Human Resource Strategy of Japanese Companies)
（Evaluation of Corporate Tax）
<Research on the Interactions between the Business Strategies of Excellent Small and Medium
Enterprises (SMEs) and their External Environment>
HOSOYA Yuji
Industrial Agglomerations and Innovation, Small & Medium-sized
Enterprises, Regional Industrial Policy
IMAI Takaya
Financial Policy
―
IMAGAWA Takuo
Industrial Organization, Urban Economics, Information Economics, Corporate Finance
―
INOUE Seiichiro
Medium & Long-term Economic Outlook and Public Finance
―
IRINO Yasukazu
History, Industry-related Laws (Intellectual Property Rights, SMEs,
Energy, etc.), International Politics (Security, International Energy
Strategies, etc.), Innovation
―
ISHIGE Hiroyuki
International Economics, Industry, Small and Medium Enterprises
ISHII Yoshiaki
SME and Venture Business Policy, Industrial Organization, Innovation Policy
―
IWATANI Kuniaki
Econometrics, Environmental Economics
―
ITO Koji
International Finance, Trade (FTA), Econometrics
―
IWAMOTO Masayuki
Dynamic Efficiency, Industrial Structure
―
KAGA Yoshihiro
―
KAJIKAWA Fumihiro
―
KATAOKA Ryuichi
KATAYAMA Hiromu
(Case Studies and Future Directions of the Global Trading System and Governance)
―
(Research on the Asian Business and Human Resource Strategy of Japanese Companies)
Macroeconomics in Japan, International Trade and Trade Investment
―
―
―
KATO Hajime
International Economics, Chinese Economy
―
KAWAGISHI Shunsuke
Energy and Environment Policy, Domestic and International
Climate and Energy Policy, Policy Impact Assessment, Financial
Analysis
―
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　64
Research Projects at RIETI
< > denotes project leader
(April 2011 - March 2012, alphabetical order)
Name/Title/Concurrent post
Research Areas
KAWASAKI Kenichi
Computable General Equilibrium Model, Macro-econometric
Model, Trade and Investment Liberalization and Facilitation,
Regulatory Reform, Macroeconomic Policy, Business Cycles, Economic Outlook, Household Saving Behavior, Determination of
Wages and Prices
KAWAZU Tsukasa
Distribution Economics, Productivity of Distribution Industry
KIHARA Takashi
International Cooperation and Development Assistance
―
KIRIYAMA Nobuo
International Economy, Trade Policy
―
KITAMI Tomitaro
Studies in the Governance of the Local Governments in Japan
(Research of a Mechanism for Regional Revitalization)
KOBAYASHI Kenichi
International Economic Law, Trade Policy
(Comprehensive Research on the Current International Trade System)
KOBAYASHI Yohei
Public Economics, Urban Economics, Economic Analysis of the
（Evaluation of Corporate Tax）
Nonprofit Sector
―
KODAMA Naomi
65
―
(Decomposition of Economic Fluctuations for Supply and Demand Shocks)
(East Asian Industrial Productivity Project) (Study on Intangible Assets in Japan) (Economic
Impact of the Tohoku Earthquake: An analysis based on the Japan Regional Industrial
Production Database) (Research on Measuring Productivity in the Service Industries and
Identifying the Driving Factors for Productivity Growth)
KURATA Kenji
Technology Policy, Technology Governance in Society
―
KURODA Atsuo
Chinese and East Asian Industry and Economy, Economic Integration of
East Asia, Overseas Strategy of Japanese Companies, Development Aid
―
KWAN C. H.
China's Economic Reform, Regional Integration in Asia, Yen Bloc
―
MAEDA Mitsuhiro
Financial Geopolitics (Geopolitical Analysis of International Financial System), Development Policy, Human Resource Development
in Industrialization, Info-socionomics
―
MASUDA Masafumi
Legal System of the IT Society, Digital Contents Distribution
―
MATSUMOTO Hideyuki
Globalization, Financial Market, Investment Banks, Strategic Information Systems, Multinational Corporation, Cross-cultural Study
―
MATSUMOTO Kayo
International Trade Law, International Investment Law
(Pressing Problems of International Investment Law)
MATSUNAGA Akira
―
―
MATSUOKA Hidetsugu
―
―
MATSUSHIMA Daisuke
Business Activities of Japanese Companies, Overseas Japanese
FDI (Production Networks in East Asia), Corporate Evolution, Indian Economy and Business in India, Infrastructure Business Models
in Emerging Markets
―
MIYAZAKI Yuka
International Trade, Theory of Industrial Organization, Applied
Microeconomics
―
MORIMOTO Norihiro
Policy for Human Resources Development, Policy for Small and
Medium-sized Enterprises
―
MUNAKATA Naoko
Regional Economic Integration, Asian Economies, International
Trade System
―
NAKANE Masato
International Economics, Applied Econometrics, Development
Economics
(East Asian Firm-level Productivity Project)
NAKANO Shoko
Financial Administration, International Finance, Finance Policy,
Derivatives, Commodities, Energy
(Exports and the Japanese Economy: Experiences in the 2000s and the lessons for the
future)
―
―
NAKANO Tsuyoshi
NAKAO Yasuhisa
U.S. Politics and Economics
―
NISHIOKA Takashi
Social Insurance
―
NOGUCHI Satoshi
Economic & Industrial Research with Government Statistics,
Information Policy, IT Strategy in the Healthcare Field
―
NOHARA Satoshi
Sustainability in Finance
―
OGURO Kazumasa
Macroeconomics, Public Economics, Endogenous Growth Theory,
Fiscal System and Social Security Reform, Intergenerational Accounting and OLG Model
―
OIKAWA Keita
Macroeconomics, Public Economics, Public Finance
―
SABURI Masataka
Innovation Policy, Social Medicine (How to Solve Social Problems)
SAEKI Norihiko
Security Policy and Economy, Influence of Regime Change of
Natural Resources over Economy
―
SAGARA Nozomi
Global Governance, Science and Technology Policies, International Trade Policies
―
SAITO Jun
Partnership Taxation as a Prerequisite for Innovation
―
SAKATA Ichiro
Regional Economics, Regional Cluster, Innovation Policy, Tax System
―
<Research on Innovation and Economic Growth>
Research Projects at RIETI
< > denotes project leader
Name/Title/Concurrent post
Research Areas
SAWAI Tomoki
Intellectual Property Policy
SEKI Hiromi
Human Resources Policy (Academic-Industrial Alliance for Human
Resource Development, Global Human Resources)
―
―
SEKIZAWA Yoichi
(April 2011 - March 2012, alphabetical order)
(Research on the Asian Business and Human Resource Strategy of Japanese Companies)
(Case Studies and Future Directions of the Global Trading System and Governance) (Comprehensive Research on the Current International Trade System)
SHIMIZUTANI Satoshi
Japanese Economy, Macroeconomics, Health Economics
SHIMURA Kazutoshi
Chinese Economy, Investment Agreements, Overseas Operations
of Service Industries
―
SHINODA Kunihiko
East Asian Economic Integration, FTA/EPA, Infrastructure/System Export
―
SHIRAISHI Shigeaki
International Economics, Energy, Public Policy
―
SONE Tetsuro
Industrial Policy, Industrial Structure
―
STEINBERG Chad International Economics, International Trade, Development Economics
SUMITA Takayuki
Mechanism of Innovation, Intellectual Asset Based Management,
Energy Security
―
TAKEGAMI Shiro
Industry-University Cooperation, Industry-Medical Cooperation,
Regional Industrial Development, Security Export Control
―
TAMURA Akihiko
International Political Economy, Global Governance, International
Economic Law, Regional Integration (especially, EU and East Asian
Region), Corporate Social Responsibility
―
TAMURA Suguru
Innovation Policy, R&D Management, Standardization
―
TANAKA Shogo
TANI Midori
Consumer Policy, Environment Policy
TERAZAWA Tatsuya
(East Asian Firm-level Productivity Project)
(Standard Policy for Innovation)
(Research on Macroeconomic Policies Focused on Fiscal Reconstruction and Similar Measures)
―
―
―
―
―
U.S. Trade Policy, American Politics, U.S.-China Relations, FDI,
World Trade, American Corporate Strategy
―
―
―
TOJO Yoshiaki
WASHIO Tomoharu
<Toward a Comprehensive Resolution of Social Security Problems: A new economics of aging>
WATANABE Tetsuya
YAMADA Masato
Work Life Balance
―
YAMAZAKI Nobuhiko
Public Pension Scheme and Private Pension Scheme in Japan and
Abroad, Future Prospects of Pension Program
―
YASHIRO Naomitsu
International Trade, International Macro Economy
YOSHIHARA Masayoshi Macroeconomics
<Research on Innovation and Economic Growth> (Study of the Creation of the Japanese
Economy and Trade and Direct Investment)
―
Visiting Fellow
MENG Jianjun
Development Economics, Industry Development, Environmental Policy
―
YAMAGUCHI Kazuo
Quantitative Methodology (Event-history Models and Models for
Categorical Data), Models of Rational/Purposive Social Action,
Life Course and Occupational Career, Demography of Family
and Employment, Contemporary Japanese Society, Social Stratification and Mobility, Social Network, Exchange and Diffusion,
Epidemiology of Drug Abuse, Longitudinal Analysis of Drug-use
History
―
IBATA-ARENS Kathryn
Innovation and Entrepreneurship Policy Analysis, Innovative Ecosystems, Entrepreneurial Clusters and Economic Development,
Social Network Analysis and Geographic Information Systems
(GIS) Analysis, Emerging Technologies and Industrial Sectors,
Entrepreneurship in the United States and Japan, Biomedical
Clusters and Global Life Science Industry, Education Policy and
Human Capital Development, New Business Incubation Policy
and Practice, Knowledge Hubs and International Knowledge Diffusion
―
CONNELL Sean
Trade Policy, U.S.-Japan and U.S.-South Korea Economic Relations,
Technology and Innovation Policy
―
Visiting Scholar
Research Institute of Economy, Trade and Industry, IAA ANNUAL REPORT 2011　66
67
（as of March 2012）
Program Directors
Evaluation Subcommittee for RIETI
Program Directors (PDs) are assigned to each of the nine research programs
to conduct efficient and substantive research activities as a whole via comprehensive research guidance, contributions to policy formation, and cooperation
among research programs.
An incorporated administrative agency sets definite targets and plans for its
activities. It is evaluated by a third-party organization to ensure the adequacy
of these plans and the transparency of its performance. This third-party organization is called the Incorporated Administrative Agency Evaluation Committee. A subcommittee established for each institution undertakes an objective
evaluation of the effectiveness and adequacy of the institution’s operations.
Subcommittee Head:
ONO Toshihiko, Senior Adviser, Nisshin Steel Co., Ltd.
Subcommittee Members:
KOJO Yoshiko, Professor, Graduate School of Arts and Sciences,
The University of Tokyo
OGASAWARA Naoshi, Representative Partner, Avantia GP
Program Director
Research Program
Professor, Institute of Economic Research, Kyoto UniverWAKASUGI Ryuhei
sity
Professor, Faculty of Economics and Graduate School of
ITO Takatoshi
Public Policy, The University of Tokyo
HAMAGUCHI
Professor, Research Institute for Economics and Business
Nobuaki
Administration, Kobe University
Professor, Institute of Innovation Research, Hitotsubashi
NAGAOKA Sadao
University
Professor, Institute of Economic Research, Hitotsubashi
FUKAO Kyoji
University
International Trade and
Investment
International
Macroeconomics
Regional Economies
Technology and Innovation
Raising Industrial and Firm
Productivity
OHASHI Hiroshi
Professor, Faculty of Economics, The University of Tokyo New Industrial Policy
TSURU Kotaro
Senior Fellow, RIETI
Human Capital
Professor, Faculty of Business and Commerce, Keio
FUKAO Mitsuhiro
University
Professor, Faculty of Economics and Graduate School of
TAKEDA Haruhito
Economics, The University of Tokyo
Social Security, Taxation,
and Public Finance
Policy History and Policy
Assessment
（Honorifics omitted, as of March 2012）
Senior Research Advisors
Senior Research Advisors (SRAs) give cross-sectional, comprehensive advice on
RIETI’s research activities and operations.
NEZU Rizaburo (Executive Fellow, Fujitsu Research Institute)
ODAKA Konosuke (Professor Emeritus, Hitotsubashi University &
Hosei University)
WAKASUGI Ryuhei (Professor, Institute of Economic Research,
Kyoto University)
YOSHIKAWA Hiroshi (Professor, Faculty of Economics,
The University of Tokyo)
（In alphabetical order, Honorifics omitted, as of March 2012）
（In alphabetical order, Honorifics omitted, as of March 2012）
External Advisory Committee
The External Advisory Committee, which consists of external experts at universities and research institutes, etc., verifies research progress and efficiency and
considers measures to enhance RIETI’s research activities.
ASHIDA Akimitsu (Representative Director (Chairman of the Board),
Mitsui O.S.K. Lines, Ltd.)
BALDWIN Richard (Professor, The Graduate Institute of International and
Development Studies, Geneva)
FUKUI Toshihiko (President, The Canon Institute for Global Studies)
JORGENSON Dale (Professor, Harvard University)
KAWAI Masahiro (Dean and CEO, Asian Development Bank Institute)
KURODA Masahiro (Dean, Tohoku University of Community Service and
Science)
TACHIBANAKI Toshiaki (Professor, Faculty of Economics, Doshisha University)
（In alphabetical order, Honorifics omitted, as of March 2012）
Research Institute of Economy, Trade and Industry, Incorporated Administrative Agency ANNUAL REPORT April 2011 – March 2012/3
Research Institute of Economy, Trade and Industry, IAA
http://www.rieti.go.jp/en
Address: 11th Floor, Annex, Ministry of Economy, Trade and Industry (METI),
1-3-1, Kasumigaseki, Chiyoda-ku, Tokyo, 100-8901 JAPAN
Phone: +81-3-3501-1363 Facsimile: +81-3-3501-8577
E-mail: info@rieti.go.jp
Location of RIETI Office
Recyclability
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