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INSTITUTE OF ECONOMIC RESEARCH HIT0TSUBASHI UNIVERSITY 2014

INSTITUTE OF ECONOMIC RESEARCH

http://www.ier.hit-u.ac.jp/English/

2-1 Naka Kunitachi 186-8603, Tel : +81 (0) 42 580 8327 Fax : +81 (0) 42 580 8333 E-mail : [email protected]

Copyright ⓒ2014, Institute of Economic Research, Hitotsubashi University Contents

1 Message from the Director …………………………………………………………………………………………………………………… 1 2 Research Activities Access 2-1 Joint Research Projects Joint Usage/Research Center: Center for Empirical Analysis on Japanese and Global Economy ………………………………………… 4 PRIMCED (Poverty Reduction, Institutions, Markets, and Policies in Developing Countries: Toward a Theory of Comparative Economic Development) research project (Grant-in-Aid for Scientifi c Research (S)) ………………………………………………………………… 6 Hitotsubashi Project on Real Estate, Financial Crisis, and Economic Dynamics (HIT-REFINED) (Grants-in-Aid for Scientifi c Research (S)) ……………………………………………………………………………………………………… 8 ■ Directions Narita Airport ●From Narita Airport Toward Comparative Transition Economics: A Meta-Analysis of the 20-Year History of Post-Communist Transition to a Market Bus Take the Narita Express to Tokyo Station Economy (Grant-in-Aid for Scientifi c Research (A)) ………………………………………………………………………………………… 10 (approximately 60 minutes) or Shinjuku Station (approx. 80 minutes), then change to Chuo Line. Standards and Technology - Life Cycle, Generational Transition and Related Issues (Grant-in-Aid for Scientifi c Research (A)) ……… 10 Take the Chuo Line train to Kunitachi Station. Yamanote Line Japan’s Current Account Dynamics in the Time of Population Aging and Decline (Grant- in-Aid for Scientifi c Research (A)) ……… 11 Hitotsubashi University is approximately a 10-minute walk from the South Exit. Empirical Investigations in the Pre-War Agricultural Household Economy: A Panel Data Analysis (Grant- in-Aid for Scientifi c Research (A)) 11 Alternatively, take the Airport Limousine bus Population Dynamics in Russia: Micro-Econometric Approach (Grant- in-Aid for Scientifi c Research (A)) …………………………… 12 from the airport to Tachikawa Station (approx. Tachikawa Kunitachi Kokubunji Shinjuku 170 minutes). Take the Chuo Line from Tachikawa Analysis of economic welfare based on panel data in Japan (Grant- in-Aid for Scientifi c Research (A)) ……………………………… 12 Station to Kunitachi Station, it takes approximately Institutions and Policies to Complement Science, Technology and Innovation Policy: Recommendations for Implementation and Chuo Line Tokyo 3 minutes. Action (Science of Science, Technology and Innovation Policy) …………………………………………………………………………… 13 ●From Haneda Airport International Research Collaboration for Formulating Trans-Positional Capability Index (JSPS Program for Advancing Strategic Hamamatsucho Take the Monorail to Hamamatsucho Station International Networks to Accelerate the Circulation of Talented Researchers) ………………………………………………………… 13 (approx. 25 minutes), then change to Yamanote 2-2 Research departments/Faculty Tokyo Monorail Line. Take the Yamanote Line train to Tokyo Station (approx. 6 minutes), then change to Research Departments …………………………………………………………………………………………………………………………… 14 Bus Haneda Airport Chuo Line. Take the Chuo Line train to Kunitachi As of April 2014 …………………………………………………………………………………………………………………………………… 15 Station (approx. 60 minutes). 2-3 Affi liated Research Centers ■ Campus Map Alternatively, take the Keihin Kyuko Bus from the airport to Tachikawa Station (approx. 100 minutes). Research Centre for Information and Statistics of Social Science …………………………………………………………………………… 22 Take the Chuo Line from Tachikawa Station to Center for Economic Institutions ……………………………………………………………………………………………………………… 24 Kunitachi Station, it takes approximately 3 minutes. Center for Intergenerational Studies …………………………………………………………………………………………………………… 26 Research Center for Economic and Social Risks ……………………………………………………………………………………………… 28 3 International Network 3-1 Russian Research Center

Russian Research Center ………………………………………………………………………………………………………………………… 30 tseW supmaC To JR Kunitachi Station tsaE supmaC 3-2 The Research Center for Normative Economics The Research Center for Normative Economics ……………………………………………………………………………………………… 32 Research Centre for Information 3-3 International Conferences and Statistics of Social Science International Conferences ……………………………………………………………………………………………………………………… 34 3-4 Foreign Visitors Foreign Visitors …………………………………………………………………………………………………………………………………… 36 Institute of Economic Research Kanematsu Auditorium 4 Pblications and Other Contributions to Society Main Gate

4-1 Publications Daigaku Dori University Library The Economic Review …………………………………………………………………………………………………………………………… 38 Josui Guest House Economic Research Series ……………………………………………………………………………………………………………………… 38 Published by the Research Centre for Information and Statistics of Social Science ……………………………………………………… 39 Discussion Paper Series ………………………………………………………………………………………………………………………… 39

4-2 Library/Databases International House Mercury Tower Library ……………………………………………………………………………………………………………………………………………… 40 Microdata Analysis ……………………………………………………………………………………………………………………………… 41 Databases ………………………………………………………………………………………………………………………………………… 42 4-3 Extension Lectures Extension Lectures ……………………………………………………………………………………………………………………………… 44 5 About the Institute Sano Shoin Hall 5-1 History IER History ………………………………………………………………………………………………………………………………………… 45 History-Chart ……………………………………………………………………………………………………………………………………… 47 Building-History …………………………………………………………………………………………………………………………………… 50 Former Director …………………………………………………………………………………………………………………………………… 51 5-2 Administration

Organization ……………………………………………………………………………………………………………………………………… 52 Toho gakuen Cassiopeia Kunitachi International Guest House Building …………………………………………………………………………………………………………………………………………… 52 Kunitachi Budget ……………………………………………………………………………………………………………………………………………… 53 Pedestrian bridge

5-3 External Committee Kunitachi Kunitachi Daiichi Institute of Economic Research Management Committee Members ……………………………………………………………………… 54 High school Junior high school Institute of Economic Research Joint Center Usage & Joint Research Committee Members …………………………………………… 54 To JR Yaho Station 5-4 External Evaluation External Evaluation ……………………………………………………………………………………………………………………………… 55 5-5 Contributions to Graduate Education Contributions to Graduate Education ………………………………………………………………………………………………………… 56 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute

Contributions to Society 1 The large-scale projects supported Grants-in-Aid by for With an open application process, these collaborative "Research Unit for Statistical and Empirical Analysis in Social which was intended to from 2008Sciences 2012 to (Hi-Stat)" be an extension of the two preceding programs. The post- project evaluations for FY2008 Global Program have COE been released the by Ministryof Education, Sports, Culture, Our Science Global Program and Technology. was given COE This the is bestthe evaluation rank, rank of "A." meaning that "established objectives fully are achieved." c Research ("KAKENHI") currently are that underway Scientifi include a study on poverty reduction in developing countries and their institutions, markets, and policies based on the theory of comparative economic development (PRIMCED) a Hitotsubashi project c Research (S)), (KAKEINHI for Scientifi nancial crisis, and economic dynamics (HIT- on estate, fi real and six other c Research (S)), (KAKENHIREFINED) for Scientifi In addition, in c Research (A)). projects (KAKEINHI for Scientifi cooperation with four government agencies, for the Center Intergenerational examining Studies is surrounding issues pension programs, declining birth rates, and population aging. The for Economic Institutions Center conducting is research on corporate governance and employment in East Asia and research on economic development in Asia and Africa. In addition, for the Economic Research and Center Social and the Research Risks, the Research Russian Center, for NormativeCenter Economics conducting are on research productivity and other economic issues. research projects been have both accessible to international and domestic researchers, and global a tight network of researchers on centering the Institute been has built. For example, the Institute played the central role establishing in the Asian Historical Furthermore, Economics Society in 2012. providingby on-the-job training or research support in cooperation with the Hitotsubashi University economics department, the Institute contributed has training to a number of graduate top studentsand young researchers (both domestic and international) in empirical research or in theoretical directly is research that empirical related to research. Director, Institute of Economic Research (IER) Research of Economic Institute Director, FUKAO, Kyoji 1 Director the from Message First, the Institute a long has history of engaging in The strengths of the Institute include outstanding The Institute presently consists of fi research ve The Institute presently consists of fi This institute was started 1940, years 73 ago, on April 1, large-scale collaborative research projects which many researchers to joined members. as team the 1950s From the Economic Institute the published 1980s, the Long-Term volumes with in total) support 14 Statistics series from (LTES; the Rockefeller Foundation and other organizations, and its current engagement the is publishing of the Asian Historical volumes planned)Statistics which of began series total 12 (a with program of Excellence the provided Center that (COE) funds Century for basic predecessor research (the of the 21st the Also, Institute program). engagedCOE in two 21st Century programs COE (entitled "Research Unit for Statistical Analysis in the Social Sciences" and "Normative Evaluation and Social Choice of Contemporary Economic Systems") and the 2007 from Global to program 2003 COE entitled research conducted individual by researchers, as well as the following two characteristics. departments (Japanese and Asian Economies; U.S., andEuropean, Economies; Contemporary Russian Economies; Comparative and Economic Economic Systems; (the centers liated research and four affi Analysis) Systems forResearch Information Centre and Statistics in the Social for EconomicScience, the Institutions, Center the Center for Intergenerational Studies, and the Research Center for Economic and The Social Institute Risks). the is largest liated economic research institute among the Japanese affi national universities and the has second longest history, next Kobe to University's Research Institute for Economics and Business Administration, which was established in 1919. in a room ofthe library University Tokyo at of Commerce Hitotsubashi University).(now The name institute’s was changed the current to the name, Institute of Economic Research, soon after the end II. The of War World Institute cant amount of research output as a producedhas a signifi liated with Hitotsubashi University research organization affi and conducts comprehensive research on the Japanese economy and the world economy. These databases frequently are used academic by ofMany the databases through created were One of the foundations made have a wide that range of researchers, the Japanese government, foreign governments, and international organizations. For example, data used are an analysisin the of intangible OECD database assets STAN, conducted the by U.S. Department of Bureau of Commerce, Economic Analysis the (BEA), Annual Report on the Japanese andEconomy Public prepared Finance the by Cabinet and the preparedce, White Paper on International Trade Offi and Industry. theby Ministry Moreover, Trade, of Economy, the estimates of per capita GDP the since Nara period, used is as data about Japan in the which part is of ASHSTAT, Maddison Project, the international collaborative project countries' erent it possible make aiming to compare diff to economic development using long-term by economic statistics. international cooperation, which made has it feasible for researchers conduct to comparative analysis on Japan and eld of productivity other countries. For example, in the fi research, the Institute participated in the European KLEMS EU projectCommission's (KLEMS refers capital, to intermediate goods, energy, andlabor, services, data on which used are productivity), measure to the World KLEMS project led Harvard by University, and research conducted theby Working OECD's Party on Industry Analysis (WPIA). theAlso, Institute contributed the creation to of the Asia orts it is KLEMS project Because member. as a core of such eff nowpossible compare Japan and to other countries terms in industrieserent and the rise and of the productivity of diff fall of companies. research activities possible the is mechanism for providing meticulous support for which research, been has established a longover period of time. The Research Assistant of Publications,ce the Department consists of the Offi and thece, Large-Scale Data Archiving Faculty Support Offi and Section. Processing The Administrative Department includes the Library IER and the Library for Japanese they striveStatistics. build to a unique collection Together, Through the aforementioned large-scale projects and Second, the Institute provided has researchers with other projects, the Institute developed has and updated numerous databases and made has them available the to world (some of them cooperation in created were with the Trade, the Researchce; Institute of Economy, Cabinet Offi and Industry; and for the Economic Japan Research). Center These databases which include made it possible LTES, for rst statistically time to analyze economic the Japan’s the fi development from the Meiji period the present; to the Economic Survey which of Farmers provides micro-level pre-World data II on farmers; War Large Shareholders/ Board Members of the Listed Companies Japan, in which on Japanese companies that the 1980s) includes to data (up notare databases by covered prepared private-sector by companies; the Japanese Study of Aging and Retirement which a panel is survey of middleaged(JSTAR), and old people the or 50 older); Japan Industrial (age Productivity Database(JIP) and the Industrial China Productivity (CIP) Database, which provide basic data on the industrial structure and productivity of Japan and China, respectively; the East Asian Listed Companies (EALC) Database, which enables comparison of all listed companies Japan, in China, terms in of factor total South and Korea, productivity; Taiwan Backgroundand Asian Data. Historical Statistics (ASHSTAT) As for a recently released database, the Regional-Level Japan Industrial Productivity Database, which makes (R-JIP) erent it possible factor total measure to productivity for diff industries in each prefecture, became available 2013. in May databases fundamental are that social to science research and with a place for collaborative research. The Research for InformationCentre and Statistics in the Social Science rst in Japan that data center beenhas operating the fi It providesed the by National Statistics Center. was certifi micro-level data and supported has the use of microlevel government data researchers by as nationwide. Moreover, designated the by a joint-use research center Ministry of Education, Sports, Culture, the Science and Technology, Institute accepts proposals for joint research utilizing the Institute's research resources from the all over country and supports such joint research.

4 Publications and Other 2 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute

Contributions to Society 3 1 Director the from Message Second, the Institute will strengthen its capacity as The new challenges in economic the that research a joint-usage research center. The providing data center a joint-usage research center. micro-level currently data is located on the Kodaira Campus, and people on the Kunitachi Campus, where the Institute located, is must take a train get there. to For users' planned is a new be data center to convenience, set up within the Institute. In addition, the Institute will its improve ability information disseminate to domestically and abroad through the Internet centralizing by themanagement and release of various been data have that accumulated and by translating data explanations,application documents, and English. other into materials Institute will tackle certainly are not these limited to two research liated departmentsve and four affi areas. With its fi workingcenters in concert, the Institute will move forward thetoward goal of becoming the world-class research elds of economics. playing a centralcenter role in various fi First, the Institute will strengthen its capability in Building on these past activities, the Institute will make policy-oriented empirical research. The Research Center for Economic and Social Risks, established 2014 in May after obtaining special funding “Enhancing functions at internationally outstanding educational and research bases” project” from the Ministry of Education, Culture, Sports, will design Science systems and Technology, that equippedare for the economic and social risks of the future while simultaneously promoting responds research that swiftly emerging to crises. The a new Institute create to aims type of research organization builds that comprehensive data archives within the social sciences and conducts policiesresearch into the for overcoming long-term economic stagnation in Japan and the rest of the world, in partnership with other joint-usage research centers. further improvements in two areas. of documents provide and aim to better services as data archives and specialized libraries of statistical information. 2-1 Joint Research Projects Research Joint 2-1 With capacity this and as part of its joint-usage activities, Joint research projects include 〝Poverty Reduction, http: //www.ier.hit-u.ac.jp/Japanese/kyodo-riyou/project.html. http: the for Research Information Centre and Statistics of Social Science, Institute of Economic Research, Hitotsubashi Universityfunctioning is the as contact point for maintaining and expanding the usage of government statistics rst government microdata and for constructing fi Japan’s statistics in close microdata collaboration center with the This endeavor will provideNational Statistics easy Center. government to statisticsaccess anonymous as data to domestic and international researchers and promote the proper use of anonymous data in Japan. the same At time, on the basis of the feedback provided the by research community regarding data requirements, is the Center exploring new methods of providing anonymous data that bothimprove and consistency access and the contribute to empirical analysis of microdata in Japan. Institutions, Markets, and Policies in Developing Countries: a TheoryToward of Comparative Economic Development c Research (S))(2010- (Grants-in-Aid for Scientifi (PRIMCED)〞 and 〝Hitotsubashi Project on Real Estate, Financial 2014) (Grants-in- andCrisis, Economic Dynamics (HIT-REFINED)〞 With the research c Research (S))(2013-2017). Aid for Scientifi ndings from these sorts of large-scale projectsfi serving as the foundation, will pursue the Center systems and policy research based on quantitative analysis. Please see the webpage provided below for details on the results of research projects conducted date: to http://www.ier.hit-u.ac.jp/Japanese/kyodo-riyou/index.html The Institute of Economic Research, Hitotsubashi With as the this background, the June in Institute 2009, 2 Research Activities Joint Usage/Research Center: Center for Empirical Analysis on Japanese and Global and Economy on Japanese Analysis for Empirical Center Center: Usage/Research Joint History of the Institute of Economic Research for as a center constructing statistical databases on Japan and Asia and a hub for international joint research University, played has a historical for joint role as a center research on the construction and use of databases for Japanese economic statistics. It also has made contributions an extentto unparalleled other any by the to collection and preparation of statistical and materials the construction of databases, such as for the estimation and compilation of the Asian Historical Statistics (ASHSTAT), Economic Statistics series Long-Term including Japan’s it enthusiastically has 1990s, the since late Moreover, (LTES). participated in advancing innovative, large-scale joint research projects in which researchers from Japan and overseas actively are involved. The Institute as a Joint Usage/Research Center was recognized the by Ministry of Education, Sports, Culture, Science and Technology as a Joint Usage/Research Center. opportunity, this Using and based on its achievements to the Institutedate, maintained has developed a data archive, methods of statistical analysis, further and to aims develop as an international joint usage for the and research center advanced empirical analysis ofthe Japanese and global economies.

4 Publications and Other 4 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute

Contributions to Society 5 committees, the Management Committee and the Joint Usage & Joint ResearchCenter Committee been have established for Empirical the at Center Analysis on Japanese and The Global Management Economy. Committee discusses the related management issues to of the Center as a whole, whereas Usage the & Joint Joint Research Center Committee deliberates the on recruitment related issues to and implementation of joint-use and projects. joint-research the that Institute ensure pays much attention theTo to opinions and requests of the domestic and international ects feedback this in how research communities and refl majorityit runs the of the Center, members of both committees researchers are from outside the Institute. (For information on committee members, please see 5. “Chapter About the Institute” outline.) in this A number of these joint research projects will lead to The Institute currently maintainsclose and progressive the subsequent development of even bigger joint research projects and the acquisition of large-scale research funding. Aiming for further development of the through Center broad incorporation of feedback from the research community relationships with various external organizations and research groups. its In operations, strives the Center to understand the opinions and expectations of the external research community with the regard Institute, to in addition ascertainingto the latest academic trends through joint research with these external parties. In terms of formal http://www.ier.hit-u.ac.jp/primced/e-index.html Development Economics Team: Takeshi Sakurai Takeshi Development Economics Team: Comparative Historical Analysis Group OkazakiInstitutions Tetsuji and Organizations Team: Godo Yoshihisa Economic Growth Team: Long-Term Overseas Collaborating Organizations and Researchers Zambia Centers, (Indian Statistical Institute, CGIAR rst pillar analyses of PRIMCED the is analysis of The fi The second pillar theis comparative historical analysis (University of Tokyo), Yasuyuki Sawada Yasuyuki (University (University of Tokyo), of Tokyo), Mieno Fumiharu (University Takasaki of Tsukuba), Yoshito University)( Osamu(University Saito (Professor-Emeritus, of Tokyo), HU), Ryo Kambayashi Chiaki (IER-HU), Moriguchi Yutaka (IER-HU), Arimoto (IDE-JETRO) (Meiji-Gakuin University), Odaka Konosuke (Professor- Nakajima Kentaro Fukao (IER-HU), Emeritus, Kyoji HU), (Tohoku University) Agriculture Research Institute, Valery Paul University, etc.) Three3. pillars analyses of PRIMCED micro data collected in current developing countries. rms, market transactions, The households, data cover fi agricultural production, and conduct other areas. We original surveys developing in Asian and African countries collectto detailed information about households as well as economic institutions, contracts, and government policies. of economic development using micro and macro data. Historical data concerning economic organizations and institutions compiled are from relevant records, including government statistics and completed survey questionnaires previously unexamined researchers. by Combining quantitative/microeconometric and descriptive/case study analyses, the investigate we determinants of economic institutions, organizations, and policies, as well as their Our project name-Poverty Reduction, Institutions, Program Kurosaki Committee: (Institute of Takashi Microeconometric Analysis Group Methodology Yukinobu Kitamura and Application Team: The group of co-researchers organized for project this is Despite the long years of development eff orts, absolute Despite the long years of development eff Takashi Kurosaki (Professor, IER, Hitotsubashi Kurosaki University)) (Professor, Takashi PRIMCED (Poverty Reduction, Institutions, Markets, and Policies in Developing Countries: Toward a Toward Countries: Developing in Policies and Markets, Reduction, (Poverty Institutions, PRIMCED (S)) c Research for Scientifi project research (Grant-in-Aid Development) Theory Economic Comparative of Markets, and Policies a Developing in Countries: Toward Theory of Comparative Economic Development (PRIMCED)- ve-year research projectsymbolizes its objectives. a fi It is for c Research (S) funded under a Grant-in-Aid for Scientifi through 2015. the period from 2010 Project2. organization Economic Research, Hitotsubashi University: IERHU) Naohito(IER-HU), Abe (IER-HU) led development by economists and comparative economic historians, who collaborate in collecting and analyzing primary data. Through their collaboration, aim we to synthesize knowledge about poverty reduction, economic institutions, markets, and policies during the process of economic development. ◆ Project Leader Objectives1. poverty one remains of the most problems urgent facing developing countries. Characteristics associated with absolute poverty also were evident in developed countries before they experienced their modern economic growth. ed Given backdrop, research seeks this this provide to a unifi framework of long-term economic development and it attemptscally, build to a poverty reduction. More specifi new knowledge base concerning economic development and developing countries.

4 Publications and Other 6 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute

Contributions to Society 7 2 Research Activities the next generation of researchers. Third, will we prepare c poverty-reductionproposals policies for specifi based on c evidence. the accumulated scientifi The third pillar is grounded on the results of the fi rst two. The pillar grounded third is on the results of the fi Our expected research outcomes summarized are in the impact on economic performance within the historical context of economic development. rst conduct quantitative empirical analyses with similar fi We cations for contemporary and historical cases. We specifi then construct theoretical models explain to the observed contrasts and conduct simulation analyses based on the theoretical models verify to our interpretations. Expected4. outcomes First, below. gure expect we a new stock accumulate to of fi c evidence concerning the knowledge in the form of scientifi role of institutions, organizations, and policies in economic development. Second, will we construct data archives concerning economic development and provide them to http://www.ier.hit-u.ac.jp/hit-refi ned/ http://www.ier.hit-u.ac.jp/hit-refi For (4), on the basis of the results of the priceFor (4), mechanism project this With expected (5), regard is to reveal to Daisuke MiyakawaDaisuke (Nihon University) Ohnishi (UniversityTakaaki of Tokyo) Hiroyuki Kasahara (University of British Columbia) Masahiro Hori (Economic and Social Research Institute, Cabinet Offi ce) Masahiro Hori (Economic and Social Research Institute, Cabinet Offi Tsutomu Watanabe (University of Tokyo) Tsutomu Hirofumi Uchida (Kobe University) Arito Ono (Mizuho Research Institute Banking and Finance) than 20 years, this mechanism will be clarifi ed through years,than mechanism 20 this will be clarifi the construction of a large-scale database did that not ered ndings of research will this be off previously exist. The fi as a benchmark for analysis not only Japan to but also to othermany countries searching are that for extricate ways to nancial themselves from slumping estate real markets and fi crises, those well as to as currently are that experiencing a estatereal bubble. c hypotheses being considered a are in time, the specifi estatereal mortgage constraint hypothesis, a systemic risk hypothesis, a labor and capital immobility hypothesis, a ect hypothesis, and an asset meltdown hypothesis. wealth eff cation and the hypothesis testing, each hypothesis is clarifi ed with the regard question to of what type being quantifi ect a shock in the estate real market on has economic of eff activities such as consumption, capital investment, and production. This being is done using information by on transaction networks between companies, between banks, and between companies and banks, well as as locational information on properties, households, companies, and nancial institutions. This will shed on light the degree fi ected, as economic whichto economic activities aff are activities believed are vary to region, by type of industry, and other company attributes. These tasks will it make possible analyzeto whether anomalies in the estate real market nancial ect on economic activity via their fi eff a greater have aspects or via their real-world aspects. policymany implications, including those therelated to early detection of shocks caused estate real by prices For (3), various hypotheses consisting of fi nancial and various hypothesesFor (3), consisting of fi For (2), an analysis of the mechanism which by estate real For (2), For (1), a real estate a real price database will that become the For (1), The estate real market an has important presence and its project,In this which scheduled is be to implemented Kaoru Hosono University) (Gakushuin Hirano (University Tomohiro of Tokyo) MizunoTakayuki (National Institute of Informatics) Mitsukuni (Johns Nishida Hopkins Carey Business School) Iichiro Uesugi (Associate Professor, IER, UesugiIichiro Hitotsubashi (Associate University) Professor, ShimizuChihiro (Reitaku University) Iwaisako (IER, Hitotsubashi University)Tokuo NakajimaKentaro (Tohoku University) Kiyohiko Nishimura (University of Tokyo) Hitotsubashi Project on Real Estate, Financial Crisis, and Economic Dynamics (HIT-REFINED) Economic and Crisis, Financial Estate, Project on Real Hitotsubashi (S)) c Research for Scientifi (Grants-in-Aid

◆ Members ◆ Project Leader real-world aspects being are tested. the current point At prices in general formed are and an analysis concerning the early detection of price bubbles being are performed. cornerstone of the project entire being is prepared based on the such as transaction items examples and the appraisal values of land. In addition, the estate real price data are being databases linked to on companies and households. characteristics need be to completely examined, inasmuch nancial crises in many as it become has for the fi “epicenter” countries, including Japan. project, In this researchers who elds have currentlyare active in a wide range of economic fi gathered clarify to the mechanism which by anomalies in nancial crises and suppress the estate real market cause fi economic growth. For Japan, where declining land prices and low economic growth continued have for more summaryResearch research scal 2013, ve-year period starting in fi fi a over as items ve activities being are undertaken for each of the fi cation clarifi ed database, (2) construction of a unifi follows: (1) of the price mechanism testing in the estate real market, (3) of hypotheses pertaining the relationship to between the nancial crises/economic growth, estatereal market and fi cation of the transmission mechanism from the quantifi (4) estatereal the market economy to as a whole, based on the testing of each hypothesis, feedback and (5) economic to theory and policies.

4 Publications and Other 8 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute

Contributions to Society 9 2 Research Activities In particular, two events scheduled are beto held in and information on the properties they own, as well as a database of information on changes in property registrations from 2000 onward, which had not been used for research purposes Connecting now. until these various types of databases it makes possible proceed to in testing the hypotheses on the estate real price mechanism and the relationship between the estate real market and the real economy. rst an international workshop is in which The December. fi uential estate international real market researcherswill infl meet exchange to opinions and report on and discuss their The date. ndings second to a large-scale is open research fi research meeting in which practitioners and policy makers will meet discuss on the to relationship between the real estate market and macroeconomy. A year andA year a half passed has the since project began, and to theand position to of the estate real market in national land development policy, macroeconomic management, macroprudential policy, and monetary policy. These implications will be thus fed policy back into through opinion exchanges between domestic and international public institutions. Findings date to and its participants been have extremely active, including workingpublishing papers 14 and holding seminars 35 In particular, for date. ndings to discuss theto research fi ed database, the project the construction of the unifi acquiredhas not only estate a real transaction database, which recently has become possible obtain, to but also a large-scale database of company panel data extends that nancial information 100,000to companies, including fi Kazuhiro (Hitotsubashi Kumo University) Fumikazu Sugiura (Teikyo University) (KansaiMasahiro University) Tokunaga or others (outsiders)? In this project, we fi rst conduct case project, In this or others fi we (outsiders)? studies of existing standards, such as MPEG, DVD and Blu- and mobile 3G, includingray, intellectual property and ndings, will we use competition policy. Based on our fi game theory and experimental economics decipher to the standard-making process and market implications of standards. Policy recommendations for standardization process and standard setting organizations will emerge from will our be research. We collaborating with researchers and institutions in North America, Oceania, and Europe. implications and empirical evidence. In doing we so, focus on the most heated controversies, including choices of transition strategies, the social impacts of economic transformation, the integration and world into economy, enterprise restructuring. also conduct We original empirical unexploredwork into using unique issues datasets of transition economies complement to earlier literature in this eld of research. fi Shigeo (Tokyo Muto Institute of Technology) Arai (Kochi University)Yasuhiro Shimbo Gakuin (Kanto Tomoyuki University) Ryo Kawasaki (Tokyo Institute of Technology) Standardization the is interface between technologies This project develop to aims research in comparative Reiko Aoki (Hitotsubashi University) Sadao Nagaoka (Hitotsubashi University) (Tokyo Institute of Technology) Yamato Takehiko University) Kishimoto (Chiba Shin (GRIPS) Tsukada Naotoshi Satoshi Mizobata (Kyoto University)Mizobata Satoshi (Kyoto Suzuki (Teikyo University)Taku Ichiro Iwasaki (Hitotsubashi University) Norio Horie (University of Toyama) Standards and Technology - Life Cycle, Generational Transition and Related Issues (Grant-in-Aid for (Grant-in-Aid Issues Related and Transition Generational Cycle, - Life Technology and Standards c Research (A)) Scientifi Toward Comparative Transition Economics: A Meta-Analysis of the 20-Year History Post- of 20-Year the of A Meta-Analysis Economics: Transition Comparative Toward (A)) c Research for Scientifi (Grant-in-Aid Economy a Market to Transition Communist ◆ Members ◆ Project Leader ◆ Project Leader ◆ Members and networks. It became critical as network industries, such as telecommunication and utilities, moved from monopoly rms. recently public Until policy a market withto fi many emphasizedhas standardization. as network However, industries new technologies mature, and standards emerge, cant questions arise. When and how should and signifi network industries move from one technology and standard Who the are initiators of new the technology other? to and standards, those who introduced the old standards (insiders) transition economics in Japan through a meta-analysis of the 20-year history of the systemic transformation toward market economies in Central and Eastern Europe and conduct we cally, the former Soviet Union. More specifi a comprehensive study of the literature on transition economies published during the past two decades and reexamine the relationship between its theoretical

4 Publications and Other 10 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 11 2 Research Activities This project's members authorities are in various This project produce to a digitalized also intends Tetsuji OkazakiTetsuji (University of Tokyo) University) Senda (Kyoto Tetsuji Arimoto (IDE-JETRO) Yutaka force for theforce manufacturing and service sectors. disciplines, enabling analyze to us comprehensively Japan’s prewar agricultural household economy in particular and prewar agriculturalJapan’s sector in general. database of the Agricultural Household Survey for general public use. the economy. In this research project In this the economy. on the Japanese the investigate we dynamicseconomy, of the current and trade accounts with the microeconomic analysis of the investment/saving decisions of households and corporate cits of the national government. sectors and the budget defi ects on the from current account other exogenous The eff uctuations in the exchange and rate factors, such as fl the global recession, will also be examined for better understanding of the Japanese economy whole. as a The roles played the by agricultural sector during the This project seeks further understanding pre- of Japan's Japan’s current account surplus declining current is account Japan’s due to Yukinobu Kitamura (Hitotsubashi University) Osamu Hitotsubashi Saito (Emeritus University) Professor, Kurosaki (Hitotsubashi University)Takashi Masahiro (Hitotsubashi Sato University) Atsuyuki University) Asami (Kyoto SawadaYasuyuki (University of Tokyo) Manabu Ozeki (Okayama University) Motoi Kusadokoro (Tokyo University of Agriculture and Technology) Tokuo Iwaisako (Hitotsubashi University)Tokuo Unayama (Ministry of and Finance Takashi Hitotsubashi University) Watanabe (Hitotsubashi University)Toshiaki Empirical Investigations in the Pre-War Agricultural Household Economy: A Panel Data Analysis Analysis Data A Panel Household Economy: Agricultural Pre-War the in Investigations Empirical (A)) c Research for Scientifi in-Aid (Grant- Japan’s Current Account Dynamics in the Time of Population Aging and Decline (Grant- in-Aid for in-Aid (Grant- Decline and Aging Dynamics Time the Population in of Account Current Japan’s c Research (A)) Scientifi ◆ Members ◆ Project Leader ◆ Project Leader ◆ Members prewar period not were only produce to agricultural goods but absorb also to surplus urban labor provide and to a labor WWII agricultural economy the using Agricultural Household Survey (Nouka keizai cyousa) conducted the by Ministry of Agriculture during the prewar period. seek illuminate We to the roles of the agricultural sector economic in Japan’s development from the perspective of economic history, economic development, and econometrics. population aging. This decline a natural is phenomenon and not a concern is from a purely neoclassical perspective. the declineHowever, in the surplus current and account cit occurring are during the the increase in the trade defi scal situation deteriorating is global fi recession, and Japan’s and its exports struggling. are the medium- Consequently, and long-term involves current account trend of Japan’s uncertainty, and it can impact the future course of Throughouttheperiod, research individual data from the This research will be undertakencooperation in with Aya AbeAya (IPSS) (Hitotsubashi University) Usui Emiko Noriyuki (Hitotsubashi University) Takayama Yuka Takeda (Kyushu University) (Kyushu Takeda Yuka Mayu Michigami (Niigata University) longitudinal data obtained from these surveys, conduct we econometric analysis focusing the on related issues to socioeconomic behaviorfollowing: such as employment (1) and sociodemographic income earnings, (2) behavior such as marriage subjective and child (3) care, well-being such as life satisfaction and perceived choices happiness, and (4) of social policies. obtain we policy Finally, implications from these empirical analyses, especially regarding public pension plans, health employment, care, and family policies. individually. Theindividually. study also seeks provide to a foundation for micro-econometric analysis of the behavior of individuals and households in Russia. used are RLMS perform to and ISSP the research. In addition, a sociological investigation planned is give substance to the analyticalto items. The facilitate analysis to aims a comprehensive understanding of population dynamics factors integrating by in Russia aspects labor, such as gender, lifestyles, and regional societies form to the of the core data analysis and interpretation. overseas co-researchers and research facilities, including the AcademyRussian of Sciences’ Institute of Geography, Higher School of Economics and in Russia, the Institute for East and Southeast Studies European in Regensburg. This project analyzes the determinants of an individual’s This a cutting-edge is research analysis of population Takashi Oshio (Hitotsubashi University)Takashi Reiko Aoki (Hitotsubashi University) Seiichi Inagaki (Tokyo Institute of Technology) Ryo Kambayashi (Hitotsubashi University) Noriko Igarashi University) (Tenri Kazuhiro Kumo Norio Horie (University of Toyama) Analysis of economic welfare based welfare Japan on panel in data economic of Analysis (A)) c Research for Scientifi in-Aid (Grant- Population Dynamics in Russia: Micro-Econometric Approach Micro-Econometric Approach Dynamics Russia: in Population (A)) c Research Scientifi for in-Aid (Grant- ◆ Members ◆ Project Leader

◆ Project Leader ◆ Members socio-demographic and -economic behaviors and subjective well-being, providing evidence-based policy proposals this order enhance in economic to welfare. To end, conduct we two types of panel surveys-a nationwide survey targeted for young adults, entitled “Longitudinal Survey on Employment and Fertility” and its internet version with special longitudinal reference to information les and job careers. Based on microlevel such as wage profi dynamics for international in Russia publication. Using individual responses from the Longitudinal Russia Monitoring Survey (RLMS) data on households Russian and the International and Social Science Program (ISSP) focusing on the population economics, labor economics, and sociological perspectives, study this will analyze the birththe relationships between and rate such (1) micro-level factors as household division of labor and household the and death rate such micro- (2) consumption; characteristics as individual habits and lifestyles; and (3) individual and household characteristics and regional/ international migration. The objective develop to is an analysis integrates the that aspects and birth of “gender “the historicalrate,” chronology and of “micro the death rate,” characteristics and population migration,” which all have been lacking in previous analyses population of Russian dynamics and tended also be have to investigated

4 Publications and Other 12 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 13

2 Research Activities Kojiro Shimozuma (RitsumeikanKojiro University) Toshihiro Matsumura (UniversityToshihiro of Tokyo) UesugiIichiro (Hitotsubashi University)

Hanazono Makoto (Nagoya Uiversity) (1) Compare diff capabilityerent indexes and their Compare diff (1) Re-examine(2) the philosophical, and conceptual, erent Draw an overall “trans-positional”(3) map of diff http://www.ristex.jp/stipolicy/en/project/project12.html This program implement aims to the following: places,erent situations, underlying ideas, developed for diff and populations (“positions” in short). First, going are we to look the at multidimensional poverty index (developed at Oxford), the Beyond and the GDP Medical- index (Princeton), Transportation-Disabilitycapability index (Japan). capabilityerent indexes methodological backgrounds of diff in order develop to a theoretical foundation for a broader framework. expect We cooperate to with scholars based Harvard,in Pavia, and elsewhere, who work extensively on social choice theory, welfare economics, and political philosophy. capability indexes in order construct to a coherent and encompassing framework within which can we apply the capability approach, allowing thus for policy recommendations across a wide range such of as areas health care and civil engineering. often diffi changecult to social institutions accommodate to often diffi new technologies the due reluctance to of those involved in production and other activities associated with the old technologies. This can be an obstacle prevents that ting from innovation. project, In this society we from benefi maintain a close working relationship with stakeholders of ect their interests in the existing technologies in order refl to the new apply environment. We results of microeconomic theory such game theory and organizational economics to analyze the current situation design and to new institutions canthat accommodate the new technologies. construct We a new system of policymaking and implementation the in focusprocess. on agriculture We and regenerative medicine, ned and strong stakeholders, such each having well defi as agricultural co-ops, medical doctors’ associations, and politicians. Mime Egami (Tokyo Women's Medical Mime (Tokyo Egami University) Women's Hisamitsu Saitoh (Hokkaido University) Naoki Yoshihara (HitotsubashiNaoki University) Yoshihara Chiaki Moriguchi (Hitotsubashi University) Hideyuki Kita (Kobe University) Seishi Ninomiya (University of Tokyo) Ohno (Hokkaido Yuka University)

The capability approach, originally developed A. by The purpose of program this advance to is international We constructWe and propose new social institutions, Technologies and products resulting from innovation, Ryo Kambayashi (Hitotsubashi University) Noriaki Matsushima (Osaka University) Hiroyuki Okamuro (Hitotsubashi University) Atsushi Hashimoto (Mie University) (Mie Hashimoto Atsushi KameokaTakaharu University) (Mie Iizuka (University Toshiaki of Tokyo) Matsui University) (Mie Takahiro University) Hideshi ((Hitotsubashi Itoh Reiko Gotoh (Hitotsubashi University) SuzumuraKotaro (Japan Academy) Reiko Aoki (Hitotsubashi University) Arai (Kochi University)Yasuhiro International Research Collaboration for Formulating Trans-Positional Capability Index (JSPS Program Program Capability Index (JSPS Trans-Positional for Formulating Collaboration Research International Researchers) Talented of Circulation the Networks Accelerate to International Strategic for Advancing Institutions and Policies to Complement Science, Technology and Innovation Policy: Recommendations Policy: Recommendations Innovation and Technology Science, Complement to Policies and Institutions Policy) Innovation and Technology Science, of (Science Action and for Implementation

◆ Project Leader ◆ Members Sen and M. a method Nussbaum, is social evaluate to states and public policies looking by directly individual at well- being and opportunity rather than focus by on income or subjective utility. This approach been has widely used assessto policies in various such as public areas health, disabilities and intractable diseases, violence, and poverty. Its largely formulation, depends however, on the context, and its implementation be yet to clearly is established. research collaboration sending by talented researchers inviting prominent (and scholarsto well-respected from) eld of overseas institutions engaged expanding this in fi research, including Oxford, and Pavia, Princeton, Harvard. nal goal gather diverse to is context-based data Our fi and synthesize general theories facilitating by talented researchers. Objective including regulations and complement laws, to the adoption of new technologies in regenerative medicine and agriculture. begin We identifying by the stakeholders (producers, manufactures, scientists, doctors, public policy designers, andadministrators) and their interests. Then, utilizingby advances recent in microeconomic theory, designwe institutions acceptable all are current that to stakeholders, which an essential is condition for new policies and social institutions can that be implemented. Outline i.e., destruction, creative oftenare incompatible with existing production relations and market structures. it is However, ◆ Project Leader ◆ Members

The Contemporary Economies Research Department This research department focuses on the institutional es The Research Economic Department Systems unifi 2-2 Research departments/Faculty2-2 only face common many issues, but also are closely linked through trade and foreign direct investment and these economic ties increase likely are further. to such as issues It is these facing the advanced economies the that of research departmentthis focuses on. Economies Contemporary pursues both theoretical and empirical research on contemporary economic facing issues Japan and the world economic conceive and to aims policies and reforms of the economic system necessary resolve to these issues. The department divided is four units: research into a unit for the analysis of contemporary economic focusing issues on the analysis of various aspectsthe since collapse of the bubble a uniteconomy for monetary in the early 1990s; economics conducting research on monetary in Japan issues and related international comparative an international research; economics unit conducting research on international nancial and foreign exchange and a unit issues; for public fi economics seeking develop to the foundations for non- welfaristic normative economic theory. Comparative Economic Systems analysis of market, planned, and transition economies. In particular, the on research concentrates the comparative institutional analysis of the free-market economic system and the planned economic system, the qualitative and quantitative analysis of transition economies, the examination of the various forms of capitalisms focusing, for example, on corporate governance, employment systems, management-labor relations, etc., on research economic erences between economic thought as a basis for diff systems, and research on economic thought and policy formation. Economic Analysis Systems economic theory, statistical analysis and data management, and quantitative analysis. The underlying rationale by that is in one research areas erent department, combining these diff they can cross-fertilize leading thus higher- to each other, order research results. The units research department in this conduct theoretical and empirical research on national income and wealth, fundamental theoreticalresearch in statistics and the application of statistical methods in economic analysis, the development of econometric methods and their application, and the theoretical and quantitative analysis of economic systems. The diff research departmentserent form the pillars of The diff Economic development based on industrialization in This department integrates the former “U.S.Economy,” 2 Research Activities Research Departments the research system the at Institute of Economic Research. when a historical the remit perspective, of Taking in 1949, the Institute became conduct to “Comprehensive Research research ve on the Japanese fi and the Global Economy,” departments established, were “The “The Economy,” U.S. ofEconomy the Soviet “National Union,” Income and Production,” which to “Statistics,” and “Classical Economics.”, a sixth Economy” - “Japanese - was added the following year. A further reorganization when followed there were in 1964, research departmentsten decided a Ministry by of Education whichordinance, further were in 1977. expanded 14 to the partial to According revision of the ministerial ordinance the research departments subsequently were in 1978-79, “mega” ve reorganized larger units into and became fi departments, “The Japanese and Asian Economies,” “The U.S., andEuropean, Soviet Economies” “The (later U.S., European, and Economies”), Russian “Contemporary Economies,” “Comparison and of Economic “Economic Systems,” Systems a which Moreover, Research,” still are in existence today. "Comparative Economics (Visiting research Researchers)" department with was added the aim of fostering in 1986 research exchange renamed (later “Comparative Economic Reform (Visiting research department), Researchers)” and the “International Economic (Foreign Visiting Issues in 1990, research departmentResearchers)” was added. Japanese and Asian Economies regions outside Europe and North America started in late 19th-century Japan and gradually other spread regions to in Asia in the second half of the 20th For that century. experiencereason alone, Japan’s implications many has for development policies other in Asian countries, and understandingconversely, current conditions in Asian countries and clarifying their historical experience helps the understanding of Japan’ s historical development process. Based on perspective, this department this organized is four research units,into respectively concentrating on the historical the analysis study of the economy, of Japan’s Japanese economy from the beginning of the 20th century, the study of the Chinese and Southeast Asian economies, and the analysis of Asian economies from an interdisciplinary perspective. U.S., European, and Russian Economies “British and Economy British and Commonwealth,” “Economy of the Soviet Union” research departments and, furthermore, subsumes the research unit on Western economies.European As so-called advanced economies, the U.S., British, and Western European, Economies Russian not

4 Publications and Other 14 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 15 Level Data standardization and IP, Asia Pacifi c Innovation Network Asia Pacifi standardization and IP, economic policy in the face of declining fertility and population, intergenerational studies workshop 3. International Comparison3. of Productivity Estimation4. of Prewar Gross Prefectural Product in Japan Circa 1890-1940 http://www.ier.hit-u.ac.jp/~fukao/index-e.html FUKAO, Kyoji / Professor / Contemporary Kyoji FUKAO, Economies Vertical Intra-Industry1. of Trade and the Content Factor Trade Productivity: Factor Innovations2. and Total Empirical Analysis Based on Firm- and Industry- AOKI, Reiko / Professor / U.S., European and Russian Economies Law and economics1. of intellectual property: and IP innovation, design of systems, IP Economics2. of low fertility and population decline: economic analysis of super-low fertility, Economics3. of science, technology, and innovation policy http://www.ier.hit-u.ac.jp/~aokirei/englishtop.html KazumiASAKO, / Professor / Economic Analysis Systems Construction1. of business cycle forecast models Business2. cycle analysis of regional economy Analyses3. of environment and social capital ABE,Naohito / Professor / Japanese and Asian Economies Structural Estimation1. of HouseholdDecision Model Based on Various Micro Data Investigation2. of Dynamics Price Based on Large Scale of Sales Point Data Empirical3. Analysis of ProductPricing Decision http://www.ier.hit-u.ac.jp/~nabe/ As 2014 April of Analysis---New Informational Basis of Welfare Economics--- erences and Public Reciprocity of Diff IWAISAKO, Tokuo / Professor Tokuo / U.S., European and Russian Economies IWAISAKO, Analysis of cross-section1. of stock returns Dynamics2. trade of Japan’s and current account rms Saving3. and portfolio households/fi choice of Japan’s https://sites.google.com/site/tokuoiwaisako/home GOTOH, Reiko / ProfessorGOTOH, / Contemporary Economies Operational Formulation1. of Capability Approach through Factor-Relational and Structural Methodological2. Re-examination of Normative Economics Rawls and Sen through Arrow, Reconstruction3. based of Welfare State on the conceptions of Substantive Freedom, Equality / Professor Yoshinori ; Industry-University-GovernmentITO, Collaboration / forCenter Intergenerational Studies International comparative analysis of determinants1. of social policy and welfare regimes Research2. on policies sustainability improve to of welfare states GOTO, Jun / AssistantGOTO, Professor for / Center Economic Institution The role of social1, norms and social preferencesfor economic development nance The2, mechanisms of poverty reduction through microfi The3, evolution of institutions for common pool management resource

4 Publications and Other 16 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 17 2 Research Activities from offi cial statistics from offi in social science empirical analysis pension, employment, health, marriage, and opinion survey ation-linked bonds, estimation of income and consumption tax schedules, rate of infl impact of cryptocurrencies on monetary policy agriculturalhouseholds Eastern Europe and the former Soviet Union KINOSHITA, KazuhiroKINOSHITA, / Associate Professor / Research Centre for Information and Statistics of Social Science Studies on anonymisation methods1. of micro data and creation technique of replica data Construction2. of system enable to the use of micro data sets obtained from statistics surveys Studies on3. a nonsampling error in social statistical surveys KITAMURA, Yukinobu / Professor / Research Centre for Information and Statistics of Social Science publicrm behavior, cial micro data analysis of consumption, fi Microeconometrics:1. offi scal policy: construction Monetary2. of an individual consumer price index, and fi evaluation nancial institutions, and Economic 3. history: money, history of interest rates, public bonds, fi http://www.ier.hit-u.ac.jp/~kitamura/index.html KAMBAYASHI, Ryo / Associate ProfessorKAMBAYASHI, / Japanese and Asian Economies The and 2000s transition during Employment 1990s 1. of 'Japanese System' ciency in Japanese of matching employment agencies Empirics2. on the effi 3. Empirical3. institutional analysis of the corporate Russian system IWASAKI, IchiroIWASAKI, / Professor / Comparative Economic Systems Empirical analysis of the1. impacts on of crisis post-communist European emerging markets review Systematic 2. and meta-analysis of the 25-year history of economic transformation in industrialization competitiveness KUROSAKI, Takashi / ProfessorKUROSAKI, / Japanese Takashi and Asian Economies, for Center Economic Institutions Microeconomic and microeconometric analysis of economic development Poverty, vulnerability, and1. human capital in South and Southeast Asia Credit2. market, communities, and economic development in South Asia Long-term3. growth process of agriculture in South Asia http://www.ier.hit-u.ac.jp/~kurosaki/ KUMO, KazuhiroKUMO, / Professor / U.S., European and Russian Economies Population studies and for1. Russia the Soviet Union nance Regions2. and in Russia regional fi Statistical3. studies of labor and industrial force location patterns in early Soviet ects on the Russian/former Globalization Soviet4. Union economies and its eff KOGURE, KatsuoKOGURE, / Assistant Professor for / Center Economic Institutions Institutions and economic1. development ict, security, and development Confl 2. Human capital3. accumulation in Cambodia The4. process of social and economic change in Cambodia 2. Eff ects of female self-employed or entrepreneurs on economics Eff 2. Impacts3. of globalization on employment and wage KODAMA, NaomiKODAMA, / Associate Professor ; Industry-University-Government Collaboration / forCenter Intergenerational Studies Impacts participation1. of women's and leadership on economic growth and business

4 Publications and Other 18 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 19 2 Research Activities process of development imported from Western countries general media United II in the States. post-World War for child welfare contemporary using and historical data in Japan, the U.S., and other countries Japan and their determinants from comparative and historical perspectives implications for economic growth comparing by century Japan and in the China 19th 2. Social2. history of modern Japan: Focusing on the popular perception of institutions NorikazuTAKAMI, / Assistant Professor / Comparative Economic Systems ation formed were and propagated A historical in the study1. of how understandings of infl SATO, Masahiro Professor / / Research Centre forSATO, Information and Statistics of Social Science History of statistical1. survey systems in Japan, Britain and the former colonies of Japan: The 2. Economic2. inequality Japan: in the evolution of income inequality and wage disparity in scalcapacity Comparative3. and historical its analysis of Japan exploring and China: states’ fi / Professor / Economic Takashi Analysis Systems OSHIO, Socioeconomic1. determinants of health and subjective well-being Poverty,2. income inequality, and redistribution policies The3. impact of social security programs on labor supply of the elderly MORIGUCHI, Chiaki / Professor / Japanese and Asian Economies The economic1. analysis of child adoption: understanding child adoption and its implications innovation using large-scale point-of-sale data. (POS) distribution companies in order reproduce the to statistical properties of the actual data by simulation. model incorporates that R&D capital stocks and applying estimation methods for R&D investment and capital stock in line with the 2008 statistical SNA standards. performance-based rms pay systems in Japanese and North American sales auto fi rms using case studies and questionnaire comparing Japanese, and Korean Chinese fi survey methods promotion) UESUGI, Iichiro / Associate Professor / Contemporary Economies Financial intermediation and banking1. Evaluation2. of government intervention in the credit market Real estate3. market and interaction with economic activities rm networks Propagation4. of shocks through interfi 2. Constructing2. structural models explain to price setting, sales, discount andprocurement of Evaluating3. science and technology policy in Japan using a dynamic general equilibrium http://homepage1.nifty.com/tonogi/akiyuki-page/ / Professor / Comparative Tsuyoshi Economic Systems TSURU, rm mechanisms: incentive A comparative quantitative analysis of Analysis of intrafi 1. Analysis2. of product development and human management resource in East Asia: / Associate Professor Yuko UENO, ; Industry-University-Government Collaboration / Center for Intergenerational Studies in job and worker mobility Trends labor in Japan's market the since 1990s 1. Medium-term2. labor changes worker in Japan's market mobility, (regarding wage levels, and ation expectations Formation3. of household infl TONOGI, Akiyuki / Adjunct Assistant Professor / Research for Center Economic and Social Risks Examining changes1. in price and sales volume, old and new product models, and product

4 Publications and Other 20 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 21 2 Research Activities management such as volatility forecasting, option pricing, value-at-risk and expected shortfall and Markov switchingparameter models VAR using MCMC reform periods costs, and trade welfarist normative principles and mechanism design of labor exploitation and deprivation WATANABE, Toshiaki / Professor Toshiaki / Economic Analysis Systems WATANABE, nancial volatility using high-frequency data with Estimation its application of fi 1. risk to Bayesian2. analysis of macroeconometric time modelsvarying such as DSGE, DSGE-VAR, HarryWU, XiaoyingProfessor / / Contemporary Economies growth for and China’s productivity Accounting 1. performance in both central planning and International2. comparisons using purchasing power parities Analysis3. of the role of government in economic development The4. initial conditions, Chinese economy structural the since mid-1800s: changes, factor YOSHIHARA, Naoki / Professor / Contemporary Economies Analytical1. foundation for non-welfarist normative economics: Social choice based on non- Axiomatic2. approach the exploitation to of labor: Characterizing market economies in terms Game3. theoretic analysis of political competition with multi-dimensional policy spaces http://www.ier.hit-u.ac.jp/~yosihara/ USUI, Emiko / Associate Emiko USUI, Professor / U.S., European and Russian Economies Fertility, child-rearing,1. and employment maternal Employer2. learning on productivity of workers Black/white3. wage gap in the United States http://www.ier.hit-u.ac.jp/~usui/ http://rcisss.ier.hit-u.ac.jp/English 2-3 Affi Centers Research liated Affi 2-3 As part of its expansion and reorganization the in 2002, the its continuing same is At services time, the RCISSS gained has The wide RCISSS praise for its activities The reason for the award of the Prize for Statistical RCISSS took on a new roleRCISSS as the institution in charge of making government microdata available researchers. to After the expansion and reorganization, it initially functioned as a service for the provision center of government microdata made available researchers to on a trial basis. Then, in 2009, it shifted from providing data on trial a functioning basis to as a service for the provision center of anonymous data. For further Assessment details on point, this please “4. refer to er statistical microdata collected the by of the trial off to Japanese Cooperation government,” and “5. agreement with In addition, using such data, the National Statistics Center.” started has the RCISSS work to on compiling and making publicly available original aggregate of data are that high academic interest but not been have constructed the by Statistics Bureau. With research activities regard to using the governmentstatistical data, micro please Section refer to 4.2, "Microdata Analysis." for researchers with historical regard to and macroeconomic volumesdata. of The the highly data regarded of all 14 Economic Statistics can all be accessedLong-Term from the With website. work regard to on the collationCentre’s and cataloguing of Japanese historical on material Japan such as Business Records and Town/VillageFamily Economic Level Performance, please of report. page this refer to 33 Finally, a major new task the of is compilation the Centre of a database from farm and family account budget surveys in pre-WWII Japan. er statistical micro data Assessment4. of the trial off to collected the by Japanese government with the regard trial to system statistical make to micro data collected the by Japanese government available for academic research, receiving an honourable mention for statistical activities from the Japan Statistical Association in 2006 and winning the Annual Prize for Statistical Activities awarded the by Japan Statistical Society in September 2007. Activities the was standard given as follows: "Although of statistical surveys in Japan reaches an international level, the use of micro data lags behind in Europe and that the United The States. activities prize of year’s this winner expandgreatly the opportunities for the use of government statistical micro data, which hitherto faced many The compilation and management focusing of materials The for Information Research Centre and Statistics of At present, there are fi ve full-time academic staff s that full-timeve academic staff present,At there fi are 2 Research Activities Research Centre for Information and Statistics of Social Science Social of Statistics and for Information Centre Research are attached to the RCISSS and conduct research. Refl ecting attachedare and conduct the RCISSS to research. Refl majorve research the division of the Institute itself fi into departments well as a department (as for visiting researchers), the research and other activities organized are of the RCISSS of correspondingve units, and the academic staff fi into play an integral rolethe in the RCISSS large-scale research projects currently being undertaken the by Institute. The as well employs moreover, four full-timeRCISSS, support staff provide that a variety of as a large number of part-time staff support services for the activities research of the Institute. In lling its objective of providing statistical andaddition fulfi to other information researchers to nationwide, also the Centre provides vital research support the Institute to collecting by of the Institute with materials and supplying the academic staff necessary for their research. With the Institute currently engaged in a number of large-scale research projects that theinvolve compilation of various statistical and materials the construction of major databases, the importance of this support function rapidly is increasing. 3. Current activities3. on the Japanese economy and social sciences statistics are the holdings ofconstantly the ongoing and as of FY2013, journal volumes as well as 1,459 library amounted 198,161 to titles. These retrieval catalogued are materials using an OPAC system based on the National Institute of Informatics cataloguing system and (NACSIS-CAT), available are to researchers nationwide for reference and photocopying. 1. Objective1. Social attached Science (RCISSS) the Institute to of Economic wasResearch established (IER) gather and to manage social sciences-related information and statistics and, making by these widely available researchers, the to contribute to to advancement of research in the humanities and social sciences. Starting out as the Documentation for the Centre Japanese attached Economy the Institute to of Economic Research, which as a national resource was set up in 1964 for the humanitiescenter and social sciences, it was subsequently expanded and reorganized, becoming the Japanese Economic Statistics and before Information Centre, taking its current name in 2002. The2. and IER the RCISSS

4 Publications and Other 22 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 23 One of the projects engaged is the present at in is RCISSS The survey forms detailed contain information on budget surveys in pre-WWII Japan the Statistics Center. This on-sitethe facility Statistics Center. a high has level of information security protect in place to information leakage. This enables a detailed analyses using survey response information cannot that be analyzed as anonymous data. This facility open is not only those to within the University but outside to researchers and others. 6. Compilationof a database from farm and account family the compilation of a database from farm and family account budget surveys in pre-WWII Japan. Although an enormous collection of completed survey forms available is Kyoto at University, these so far hardly been have used as statistical been has micro data. reason, For this the RCISSS putting andlm in the is process of building these forms on microfi has lms puttinga database date, from on them. microfi To been completed for all the period, and now building the As 1941. to database in progress is for the period from 1931 surveys for all prefectures been have inputof 2013, March the database,to and the correction and the compilation now begun.have For the remaining period, entry the into database planned is for the future. individual agricultural households’ farming activities as well as their consumption, assets, work time, etc. Once it becomes possible use detailed to micro data on the period when Japan was still a developing this country, will open the door historical to and empirical research on economicJapan’s development. end this are we that to It is orts compile database. to this continuing with our eff One came of host the reasonsthe to that RCISSS the In conjunction with the of the enforcement new Statistics trial, which the received that is RCISSS acclaim, such great beenhas continuously involved in large-scale collaborative research projects government using statistical micro data. One example a ground-breaking is large-scale project c Research on Priority funded a Grant-in-Aid by for Scientifi whichAreas obtained approval for the other "use than the ve designatedoriginal statistics of intent" 33 collected fi by governmenterent ministries. diff 5. Cooperation agreement with the National Statistics Center Law in April anonymous 2009, above-mentioned data (the specimen data made came anonymous) be to formally provided each by government ministry. Therefore, in March concluded the RCISSS 2009, a cooperation agreement with the National the (hereafter, Statistics Statistics Center act to as the serviceCenter) for the Statistics center Bureau airs and Communications. The of the Ministry of Aff Internal began RCISSS providing service this institution as a satellite twoof the in June Moreover, Statistics full-time 2009. Center instructors been have from accepted the Statistics Center Projectin a personnel Room exchange. In December 2010, theNo. 1 at Kodaira International Campus of Hitotsubashi cation as an on-site facilityUniversity from obtained certifi limitations, for empirical the in research form of anonymous sample data. therefore It is appropriate commend to this contribution, which provides the basis for raising empirical statistical in Japan research an international level to and will play a large role to continue after even the revision of the Statistics Law 2007." in May http://cei.ier.hit-u.ac.jp/English/index.html CEI is currently is CEI pursuing two main research interests. (http://www.ier.hit-u.ac.jp/primced/e-index.html). Sustaining economic growth and reducing poverty in nancial and Understanding the role of institutions in fi 2. Current2. research themes the initiated role we research into of scal 2010, year In fi institutions economic in development in low-income developing countries Asia in and Africa. Research topics rst decade been have research of CEI duringcovered the fi nancial and corporate ed under the central theme of fi unifi systems in Japan and Asia. By combining results of previous and new hope research, we establish to a theory and empirics of long-term and comparable economic development, focusing on economic institutions. As a ve-year research project platform aim, a fi this realize to (PovertyPRIMCED Reduction, Institutions, Markets, and Policies a Theory in Developing Countries: Toward of Comparative Economic Development) been has under way This project with is as the CEI research base June since 2010. c Research (S) funded the by Grant-in-Aid for Scientifi of developing countries among are the most issues urgent design policies overcoming toward To century. of the 21st those challenges, must we understand precisely how markets work in developing countries and how they supportedare various by institutions and organizations, including indigenous or informal institutions not found in developed analyze economies. these To empirically, issues rms, and needwe high-quality data for households, fi markets with detailed information on economic institutions. availableCurrently datasets not are satisfactory. Therefore, conducting are we a three-tier data research strategy: (1) collection conducting by original micro surveys in low- income developing countries and searching historical archives in Japan empirical and Asia, (2) analysis using these examine data to conditions under which a particular institution or policy adopted is and what impact it on has economic performance, comparison studies and (3) covering periodserent (including pre-war countrieserent and diff diff Japan). and Corporate CEI undertook a new research direction in fi scal year undertookCEI a new research direction in fi To achieve its founding objectives,To chose CEI primary (1) To conduct systematic To and basic on research (1) become a leading for Asian research into To center (2) The Center for Economic Institutions (CEI) is affi liated The for Economic Institutions affi Center is (CEI) Takashi Kurosaki (Professor, IER, Hitotsubashi Kurosaki University (Professor, Takashi Center for Economic Institutions for Economic Center 2005 focusing on corporate systems in Japan and Asia, scal In April 2009. 2006, two which continued fi until sub-topics added were --a comparison of enterprise performance in East Asia family-owned and research into enterprises. In April 2008, another sub-topic was added: the rms and industries. empirical analysis of dynamics of fi research topics be to addressed periods over of three to scal 2000 year to six years. During the initial period from fi the research was2005, conducted on the general topic of nancial systems and corporate governancein Japan and fi nance, elds of money and fi Asia. This topic straddles the fi new institutional economics, and development economics. economic institutions and related policy issues, focusing on Asian countries, including Japan economic institutions establish and to a research network for purpose. this ◆director Research Objective1. and overview with the Institute for Economic Research Hitotsubashi at University and was conceived expand to the institute's research in new directions. Commencing operation on April 2000, was founded CEI 1, with two objectives:

4 Publications and Other 24 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 25 2 Research Activities We are dispatching CEI's research results CEI's in discussion dispatching are We seminars, inviting domestic andinternational scholars to we scal years 2010-13, present their research. recent In fi held 96 seminars with vivid and productive discussions. We occasionally hold international conferences co-organized with domestic and international research institutions.Our visiting program international invites scholars stay to our at invited we scal 2013, for least at threecenter months. In fi scholars from Loughborough University, Aarhus University, University, UniversityColgate of Leuven, Australian National University, and University of Hawaii Manoa. at papers, research papers, and databases. engaged is CEI in jointly creating various databases open researchers. to the East AsianCurrently, Listed Companies (EALC) Database and the Large Shareholder/Board Members of the2012 available. are TheListed Companies in Japan Database 2010 rms in Japan, China, and databaseEALC targets all listed fi nancial sector). It includes South the (excluding fi Korea data necessary factor total measure to productivity the at company level. through The periods 1985 are covered for South through 2007 rms, 1985 for Japanese2007 fi rms. The through 2005 for Chineserms, and fi 1999 fi Korean Large Shareholder/Board Members database available is in Japanese and detailed contains information on corporate governance structure in Japan the since 1950s. Organization CEI aspires to be aspires to CEI an international hub for research into corporate systems in developed or nearly developed countries gives important long-term insights into development prospects for low-income developing countries. research reason, For to this continue we rm/industry nancial systems, corporate governance, and fi fi performance East in Asia. In particular, conduct we empirical research of familyenterprises, analysis of detailed historical data on economic institutions and production organizations in Japan, and empirical and comparative analysis of long- term economic development using the Asia Long-Term Historical Statistical Database. As byproduct of research, this complete the to intend we Japanese Large Shareholder/ Board Members Database. International3. networks economic end, holds this institutions. CEI regular research To http://cis.ier.hit-u.ac.jp/English/ The planning is build, to CIS maintain, and expand a design sustainable and intergenerationally- To equitable conduct quantitative analyses- To of intergenerational examine intergenerational income- To gaps and The divided is CIS two into research sections. The current 2. Planned2. activities network of domestic and overseas researchers working eld of intergenerational in conjunction issues with in the fi c activities promote to other research institutions. Specifi eld shown are In addition, below. the fi research in this will holdCIS regularinternational conferences, publish its research results in academic journals, its and disseminate work internationally. Medium-term objectives pension and health care systems and policies. ects with employment regard to in Japan replacement eff and proposals make for an intergenerationally equitable employmentsystem. formulate solutions. Organizational3. structure is ce whose Oshio, director term of offi Professor is Takashi 2014. two years from 1, May Through these activities, form to aims and CIS maintain a CIS providesCIS a setting for uninterrupted research, Intergenerational concerning issues pensions, health Founded in April 2007, the Center for Intergenerational the Center Founded in April 2007, Center for Intergenerational Studies for Intergenerational Center high-quality research hub of global standing in the study of issues. intergenerational continuously hosting fi xed-term academic staff from xed-term academic staff continuously hosting fi domestic and overseas partner institutions and sharing the nancial burden of such research. Through partnerships fi transcendthat national borders as well as demarcations between the public, private, and academic spheres, CIS seeks conduct to internationally leading research, directly connect research and the actuallocus of policymaking, and puts forward original policy proposals overcome that compartmentalizedapproaches. and long-term and care, elderly employment become have pressing problems for Japan and other countries. These problems present challenges require that the type of economic analysis on places which the CIS most emphasis. 1. Objective1. comprehensively and systemicallyStudies (CIS) addresses ers policy concrete intergenerational and issues off began CIS receiving regular funding proposals. In April 2011, from the Ministry of Education, Sports, Culture, Science,and Technology (MEXT).

4 Publications and Other 26 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 27 -- institutions to: institutions (Sweden) Labour Cooperation overseaswith research ILO/ISSA Overseas OECD/EU ADB/ADBI KDI (Korea) Learn from the experience lessonsand of other countries Draw on internationally available expertise Ensure research theof highest global standard Implement joint research and joint surveys Hold international conferences Share research expenses Labour and (Munich, Germany) World Bank/IMF (University Turin, of Italy) 2 Research Activities Pacific research institutions Ifo - International Institutions International Peking University (China) Brookings Institution Institution (US)Brookings University of London (UK) University of University of Michigan (US)University of Forsakringskassan European and US Institutions European and US Pension Research Council (US) CeRP Asia National TaiwanUniversity (Taiwan) University of Auckland (New Zealand) Auckland (New University of MEA (University Mannheim, of MEA Germany) National University Singapore of (Singapore) Shanghai Academy of Social Sciences (China) CPS, University CPS, of new South Wales (Australia) National National Population Institute of SocialResearch Security and The Japan Institute for Policy and Training Affiliated Institutes Research Affiliated − − MinistryFinance, of Policy Research Institute Research Institute Economy, of Trade and Industry Economicand Social Research Institute, Cabinet Office Government Japanof Ministry Health,of Welfare Central and and Japan of Government Central • • • • e r o institutions to: institutions C Cooperation with domestic researchdomestic Cooperation with Promote academic research Exchange personnel between government and academia collaboration research Promote between industryacademia and results research Implement research expenses Share Economies Hitotsubashi University Law Institutions Hopology” Economies Economics Analysis Language and Society Setup and Operation of the Center for Intergenerational Studies Intergenerational for Center the of Operation and Setup Hitotsubashi and Asian Institute on on Institute Aging Centre for Information and Center for Economic and Social of Socialof Science for Economicfor IER, Graduate School of Hosei ., European and Russian Center for Intergenerational Studies Graduate School of Japanese U.S Contemporary Economies ComparativeEconomic Systems EconomicSystems Research Statistics Center Research Risks Research Project on “ The Health Care Science Institute The Japan Research The Japan Research Ltd. Institute, Mitsubishi Mitsubishi Inc. Institute, Research GraduateSocial School Sciences of • • • • • • • • Domestic partner research institutions Domestic Partner Research Institutions School International of and Public Policy Graduate School of National Institute for Research Advancement Nationalfor Institute InstituteScience, Social of University Tokyo, of EducationResearch & Facilities at Formation of a globally leading research center through partnerships with domestic and overseas research institutions institutions research and overseas domestic with partnerships through center research leading of a globally Formation Graduate School Commerceof and Management GraduateMedicine, School of University Tokyo of Cooperation corewith member to: GraduateInternational School of Corporate Strategy -- to connect theoretical quantitativeand research resultspolicy with planningand design to promote theoretical and quantitative needs meets policy research that • • Exchangepersonnel between government and academia Promote research collaboration between government and academia research expenses Share Form of a virtuousForma cycle ofbetween theory policy and http://risk.ier.hit-u.ac.jp/English/index.html The Center is a directThe is Center result of previous large-scale secondThe provide to Center’s is mission practical real- research projects conducted the at Global of Center Excellence and the on price IER dynamics, industry and nancial networks, and productivityfi measurement. In addition, tackling is the Center several new topics such as nance. the uncertainty in labor markets and public fi world training,transcending traditional academic study for young researchers. plan collaborate to with We several t governmental ministries, research companies, and nonprofi er organizations in order conduct to joint research and off opportunities young to researchers for on-the-job training. Drawing on the results of empirical studies, will we derive useful policy implications regarding potential future risks to the Japanese economy. In May 2014, the Institute of Economic Research of 2014, In May In the past few encountered years, several have we Research Center for Economic and Social Risks Social and for Economic Center Research 2. Research2. Section Hitotsubashi University established a new organization, for EconomicResearch and Center Social Risks (RCESR), focusto on these risks and examine their impact on the economy with approval of the The Ministry of Education, Sports,Culture, Science and Technology of the Japanese government. As prescribed in the Hitotsubashi University Basic Regulations, the is fourth this at formal research center the Institute of Economic Research (IER). 1. Objective1. serious macroeconomic shocks such as the Lehman Shock, and Crisis, the Eastthe Great Euro Japan Earthquake. It is highly important and evaluate prepareto for more potential serious risks the Japanese to economy.

4 Publications and Other 28 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 29 2 Research Activities Hitotsubashi consumer purchase indices, break down we changes expenditures in consumer and price, quantity, into ect of product shown in the turnover, “Consumer- the eff purchase Expenditure Index” in order identify to the change in the price of consumer purchases, change in the quantity ect of product turnover ofpurchases, consumer and the eff in consumer purchases,shown in the “Consumer-purchase ect Index.” Turnover-eff SRI-Hitotsubashi consumer purchase indices one are 4. SRI-Hitotsubashi4. consumer purchase indices of the outcomes of the industry‒academia collaboration Inc., and Newamong Hitotsubashi University, INTAGE Supermarket Association of Japan. The main objective of collaborationthis provide to is useful information based on various retail data such as point of sales data. In SRI- 3. Organization 3. http://www.ier.hit-u.ac.jp/rrc/English/ 3-1 Russian Research Center Research Russian 3-1 This research project examines the eff ects of This research project examines the eff dual leadership of Medvedev the industrial and Putin, (3) structureof the market of automobile-related products, government policy(4) on the population and labor force, surrounding issues the(5) globalization of the Russian including itseconomy, attempt become to a WTO member, the relationship betweenand (6) labor unions and foreign companies. Research3. Activities Following current are and past projects of RRC: Population Dynamics Microeconometric1. in Russia: c Research A, 2014-2017) Approach for (Grant-in-Aid Scientifi See Section 2 of bulletin this for more details. Economics: Comparative A Meta- Transition Toward 2. History of Post-CommunistAnalysis of the Transition 20-Year Researchc A, a Market for (Grant-in-Aid Scientifi to Economy 2011-2014) See Section 2 of bulletin this for more details. Economic3. Integration and Regional Development in North East Asia: Evaluating the impact WTO Accession of Russia’s (Heiwa Nakajima Foundation, 2014-2015) international economic relations on the countries of North East Asia. Because of the increased connection between trade and direct investment, the interdependence of these countries’ economies strengthen. continues to In International Network Established on November 1, 2007, the ResearchRussian Established 2007, on November 1, The current administration of RRC organized is as 3 Russian ResearchRussian Center 1. Purpose 1. of theliate Institute of Economic (RRC) an affi Center is Research Hitotsubashi at University. Its start came after the university became a National University Corporation and was triggered from a research commission by Toyota Motor Corporation the was by that accepted university orts promote collaboration to as part of its active eff between academia and industry. The Institute been has a central location in Japan for research on the system of the socialist planned economy the since end of World War andII widely is recognized as continually leading Japan's eld of theoretical and empirical research activities in the fi studies on the transition process of the former communist economic systems which started with the fall of the Berlin Therefore, the main focus of its studies in 1989. on is Wall the present Federation Russian which used be to the core of the Soviet advantage Union. Taking of accumulated knowledge and a dense network of researchers and academic research organizations from the all over world, RRC further mainly aims contribute to to development of research on the economy Russian the at Institute and build collaborativegreater relationships between the Institute and industry providing by academic support Japanese to companies alreadyestablished have that a foothold in such a plan. orRussia, have The2. Institute and RRC follows: the Director of the Institute acts also as the Director members two are professors of RRC; three staff research a Research is director(one of RRC) and a professor emeritus/ professor Special by Appointment of the Institute of Economic Research specialized in the U.S., and European, economies;Russian twenty one collaborators research outsideare researchers and academics; and one research associate works The as RRC research topic researcher. policy concerns Russia's for its automobilefor 2007-2008 industry, for which conducted we research on medium- term economic policies and government economic forecasts, interviews with people from, as well as experts on, the government, Russian and an extensive study of relevant documents. started We expand to the scope of our research from 2009 onward and (1) plan investigate to the framework for implementing industrial policies used theby federal government, including the legal system, (2) relationships between policy and business circles under the

4 Publications and Other 30 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 31 To understandTo comprehensively the economic, political, In addition these to projects, RRC regularly holds infrastructure), (4) prospectsinfrastructure), (4) for the market, Russian and (5) the development of the automobile industry. 6. Market Environment and Government-Business Relationship (Project in Russia selected the by university, 2008-2009) and social aspects project of this Russia, was initiated to theimprove informational foundation and maintain it at a level provides that useful information the Japanese to industry and government. Researchers conducted detailed analyses of the impact medium-term of Russia’s market environment and politics on the dynamics of its domestic Theeconomy. project spent two years conducting surrounding issues Russia’s meticulous (1) investigations into WTO membership and the framework for industrial policies used its by corporate federal Russia’s government, (b) governance and labor union system, medium-term forecasts on its population, and federal government policy addressing the labor and the force declining number of children, and (c) the government-business relationship under the Medvedev- scal relationship between the federal Putin regime and the fi and local governments. Economic De Zone and Facto Industrial Policy of the 7. Commonwealth (Research of Independent (CIS) States Motor Corporation,commissioned 2008) Toyota by Policy for8. the Russia’s Automobile Industry (Research Motor Corporation,commissioned 2007) Toyota by research seminars and promotes communications among industry and academics worldwide who specialize in the working Moreover, papers economy. Russian staff of RRC’s and other researchers on topics associated, directly or indirectly, with the economy been Russian have published and (issue available website are on RRC’s 1883-1656) (ISSN no. 1-48 and two special as of issues October 2014). This project investigated female decision-making on This project joint research used scenario study analysis to particular, regional economic relations expected are to further strengthen the to accession the in wake of Russia’s The two questionsWTO given below crucial are 2012. in in predicting What type the future regional economy: (1) of position will each country occupy the in North East Asian regional How will economic trade (2) system? and ect the countries of North East Asia? direct investment aff The purpose of the study address to these is questions by performing an analysis of regional-level panel data and company-level microdata enable and to the formulation of comprehensive, evidence-based policyrecommendations. Determinants4. of Childbirth Micro Data in Russia: c Research 2011- B, Approaches for (Grant-in-Aid Scientifi 2013) childbirth combining in Russia, studies of demography, labor economics, and sociology. Utilizing micro survey data from the Longitudinal Russia Monitoring Survey (RLMS), ects of gender division of labor in examinedwe the eff households, childbearing assistance systems, labor market nancial conditions on the situations, and household fi children.decision have In other words, to examined we the relationship between female behavior and household- level economic, social, and demographic factors. This interdisciplinary study was intended establish to the foundation for microeconometric analysis of household behavior in transition economies, including Russia. Research on Prospects the5. Future (Joint for Russia research project with the Society Laboratory, and Frontier Nissan 2009) Nissan Motor Company, Research Center, economicRussian growth, industrial conditions, and the role the cally, of the More automobile specifi business in 2020. the situationproject of the economy Russian examined (1) future industrial Russia’s and industry, structure (2) and scenario for economic risks growth, associated (3) with these subject matters investment (the environment and http://www.ier.hit-u.ac.jp/rcne/English/ 3-2 The Research Center for Normative Economics Normative for Center Research The 3-2 facilitates: (a) collaborationfacilitates:between (a) normative economic analyses and positive economic analyses and (b) cooperation among economics, political philosophy, ethics, and legal studies. erent cooperation among researchers working on diff subjects in public policy (laws, rules, and institutions). The subjects include, for example, medical care, c ts, disability policy, nursing traffi care, welfare benefi and transportation, information, knowledge, and communication. The also promotes the integration Center of research on these subjects with more traditional themes such as inequality, poverty exploitation. and/or for aims a synthesisthe Center between basic theoretical research and applied empirical research. elds with similar fi erent research organizations in diff elds include, for research interests. These research fi example, political legal philosophy, studies, civil engineering, health economics and ethics, social security, and social welfare. Agendas In the of basic area theoretical1. the research, Center In applied2. empirical promotes research, the Center orts mentioned With3. above, respect for the cooperative eff The seeks4. Center develop to closer ties with domestic International Network The for Normative Research Center Economics was Economics long has been established a positive as The Director of the Institute of Economic Research 3 The Research Center for Normative Economics Economics for Normative Center TheResearch established in June, 2014. Its aim, members,established agendas, and in June, 2014. research projects as follows. are AIM it should not bescience. However, restricted from tackling normative as long issues as it addresses a wide range of social problems. The for Normative Research Center academicerent Economics promotes dialogue among diff disciplines with respect tackling to normative in issues economics and it also fosters historical, methodological, empirical, and philosophical explorations in normative theory. economic Members serves as the Members director include, of the Center. among others, Professors Reiko Gotoh, Ryo Naoki Yoshihara, Kambayashi, Chiaki Moriguchi, Yukinobu Kitamura, Koichi (Faculty external of as well as many Economics) Tadenuma committee members including Suzumura Kotaro (emeritus professor and Japan Academy).

4 Publications and Other 32 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 33 Research Projects Program for JSPS positional Capability Index (2014‒2017, Advancing Strategic International Networks Accelerate to Researchers) the Circulation of Talented for individuals using the Capability approach (2014‒2017, c Research A) Grant-in-Aid for Scientifi JSPS Exploration of the Possibility of Nonwelfaristic Formulation Joint Research Project organized Hiroyuki by (2014. Yoshida) Joint Research Economics and Public Philosophy (2013. Project organized Norihito by Sakamoto) International Collaboration for Formulating1. Trans- Developing2. multidimensional indices of opportunity sets Normative3. Analysis Re-examination of ‘Welfarism’: and Comparative4. Analysis of Distributive Justice: Welfare of theories and ideas in welfare economics, dating back the earlyto of days the New Welfare Economics. We expect collaboration Amartya with Kenneth Arrow, Sen, Allan Gibbard, Hammond, Peter and other distinguished scholars. proposesInstitute, the Center review to the birth of welfare economics before the Second and its World War subsequent development and characterize its history in oflight the evolution of the existing welfare state system. comprehensive research on new theories and methods in normative economics, including, for example, the capability approach and studies in rules for fair distribution and expanded notions of rationality. research organizationswith interests. research similar It can encourage, for example, collaboration between research groups developing multidimensional poverty Oxfordindices (at University), the ‘Beyond GDP’ indices (at University),Princeton and the Japanese research network for the capability approach. 6. The proposes Centre outline to a contemporary history With extensive available materials archive the at 7. 8.conduct The plans to Center fundamental and 5. The seeks5. Center develop to closer ties with overseas Research groups and organizations 3-3 International Conferences International 3-3 The following representative a small are selection of nancial year. conferences held in the past fi March 15-17, 2014 15-17, March Sano Shoin Hitotsubashi Hall, University KomineAtsushi (Ryukoku of Medema Colorado (Nagoya Fujita University), Nanako Steven (Univ. Denver), of Oxford),er (Univ. Allan Gibbard(Univ. City University), Roger Off Avner Backhouse of Birmingham), (Univ. of Michigan, Ann Shogo Arbor), Nishibayashi (Rikkyo of Montpellier), University), Alain Marciano (Univ. Cristina Dieter (Social Plehwe Berlin), Science Research Centre, eld Hallam Univ.), Cain(Sheffi Peter Marcuzzo di Roma "La Sapienza"), (Univ. Obata Jiro University), (Rissho of Beth Michigan, Genne (Univ. Hirai (Sophia University), Giuseppe Toshiaki Ann Anna del Arbor), Carabelli Orientale), Piemonte (Univ. Julio Asahi Lopez of Leeds), Kimura (UNAM), Noguchi University),Fontana (Univ. (Senshu (Saitama Yuichi University), (Ohtsuki Naito Atsushi City Hiroyuki College), Shimodaira University) (Yamagata Nishizawa (Hitotsubashi University)Tamotsu March 15-16, 2014 15-16, March Faculty Building Hitotsubashi 3, University Sungbae An Management (Singapore Andersen University), Torben (Northwestern University), Luc Bauwens (Universite Catholique Chang Ho (Indiana Yoosoon Kang University), Kyu de (Korea Louvain), Milani (UniversityUniversity), Fabio of Okimoto California, (Australian National Irvine), Tatsuyoshi University), Joon Iwata Park (Indiana (Hitotsubashi University), University, Nagasaki Yasuharu University Morita Hiroshi Saita (Hitotsubashi University), (Hitotsubashice), University), Yumi and ESRI, Cabinet Offi Sugihara (Hitotsubashi University), Shiotani (Hitotsubashi Makoto University), Yoshihiko Kyosuke Ueno (Hitotsubashi (Osaka University), University), Kazufumi Yoichi (HitotsubashiTakahashi Yamana University) Watanabe (Hitotsubashi (Hitotsubashi Shioji Etsuro University) University), Toshiaki International Network The institute frequently hosts or co-hosts major 3 International “Workshop Welfare Economics and the Welfare State in Historical Perspective” International 10th & Keynes Conference: “Present and Past Globalization: Keynes's Relevance Today” Date Venue Participants Organizer International Conference “Econometrics for Macroeconomics and Finance” Date Venue Participants Organizer International Conferences International conferences as part of its collaborative research projects.

4 Publications and Other 34 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 35 February 14, 2014 February 14, Institute of Economic Research, Hitotsubashi University University), Sadao Chiou (National NagaokaReiko Aoki Taipei (Hitotsubashi University), Jing-Yuan (Kobe University), Zennyo Hodaka(Hitotsubashi University), Morita Yusuke Australia (UNSW Business School) Reiko Aoki (Hitotsubashi University) March 20, 2014 20, March Institute of Economic Research, Hitotsubashi University Inui (Nihon University), HarryTomohiko University), (Hitotsubashi (Senshu University), Wu Ito Keiko BoJiemin Meng Guo of Economic (Bureau (Institute Analysis US), (BEA), of Developing Economies, FukaoJapan (Hitotsubashi (Renmin External University), Ximing Kyoji Yue Organization), Trade University), Mun Ho (Harvard University) Harry (Hitotsubashi University) Wu June 10, 2013 June 10, Institute of Economic Research, Hitotsubashi University Donna Ginther (University Abe (Executive Yukiko of Kansas), committee of J-WEN, Hokkaido (Nagoya Ueda University), Usui University),(Waseda Atsuko Emiko University), AokiReiko (Hitotsubashi University) UedaAtsuko (Waseda University), Reiko Aoki (Hitotsubashi University) Venue Participants Organizer 10th International10th Workshop on “Evolution of Standards and Technology and Related Joint Topics” with Law and Workshop Economics Date Venue Participants Organizer “Gender gap in the labor market: An international perspective” Japanese Women Economists Network (J-WEN) Date RIETI-IER, Extended CIP Program Meeting “Measuring Output and Labor andCapital Inputs in the Chinese Economy: Assessment of CIP Data” Date Venue Participants Organizer 3-4 Foreign Visitors 3-4 Foreign http://www.ier.hit-u.ac.jp/English/faculty/visitors.html Affi liation Affi National UniversityYokohama Hankuk University of Foreign Studies Hitotsubashi University(Professor Emeritus) National UniversityYokohama Hitotsubashi University (Professor Emeritus) Kochi University of Technology Hitotsubashi University (Professor Emeritus) CityTakasaki University of Economics Hirosaki University liation Affi Katholieke Universiteit Leuven The University of Adelaide Aarhus University Corvinus University of Budapest Australian National University UniversityColgate The University of Adelaide National University of Singapore Loughborough University University of Hawaii Manoa at Australian National University VirginiaWest University Foreign Visiting Faculties in FY2013-2014 (as of the end of (as November 2014) Foreign Visiting in FY2013-2014 Faculties Visiting and Adjunct Faculties in FY2013-2014 (as of the end of (as November 2014) Visitingand Adjunct in FY2013-2014 Faculties International Network 3 Name Taro Akiyama Taro Irina A. Korgun Masaaki Kuboniwa Katsumasa Nishide OdakaKonosuke Saijo Tatsuyoshi Osamu Saito Sato Ayano Shima Keiichi Rene Belderbos Antonius ChesnokovaTatyana ErikssonTor Fertö Imre Tina Kao Kato Takao Dimitryi Kvasov SngTuan-Hwee Christopher Spencer Nori Tarui Pierre van der Eng Dong Yoo Woo Name Foreign Visitors Foreign

4 Publications and Other 36 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 37 Affi liation Affi Aalto University Ecole Normale Supérieure de Lyon Eindhoven University of Technology London School of Economics UniversityNew York University of Pavia Kainan University National University of Singapore UniversityNational Taipei Oxford University Oxford University Australian National University KDI National Cheng University Kung UniversityNational Chiao Tung Seoul National University Normal UniversityNational Taiwan University of Glasgow University I Capitole Toulouse University of Auckland Business School SchoolToulouse of Economics London School of Economics Institute for East and Southeast Studies European College,Trinity University of Cambridge Simon Fraser University Loughborough University University of Calgary University of Hawaii Manoa at National University of Singapore University of Auckland Business School University of Hyderabad Australian National University University of Hawaii McMaster University RMIT University VirginiaWest University Foreign Visiting Scholars in FY2013-2014 (as of the end of (as November 2014) Foreign Visiting Scholars in FY2013-2014 Name Manuel Bagues Jean-Pascal Bassino Rudi Bekkers N.Stephen Broadberry M.Luis B. Cabral Emanuela Ceva Ming-Chung Chang Ngee Choon Chia Chiou Jing-Yuan Christopher Mark Davis James Fenske Gorgens Tue Kim Hisam Wen-jen Hsieh Jin-Li Hu Kim Byung-Yeon Pei-Hsin Lin Michele Lombard Patrick Rey Matthew Joseph Ryan David Salant MarkSchankerman Ekaterina Selezneva Leigh Matthew William Shaw-Taylor ShigeokaHitoshi Christopher Spencer Tanaka Atsuko Nori Tarui Albert Ka Cheng Tsui Rhema Vaithianathan Vakulabharanam Vamsi Pierre van der Eng Liang Wang Yamaguchi Shintaro Nobuaki Yamashita Dong Yoo Woo

The Economic Review The Economic Review is to address to real is 4-1 Publications 4-1 The Economic Review On the occasion of the launch of “The aim This and continues mission today July 2013. Investment and A Meta-Study,” Economic Transformation: Oct. Japanese)(in Vol.64, No.4, 2013. Japan: An Empirical Analysis Based on the Establishment Jan. No.1, Japanese) (in Vol.63, and Enterprise Census,” 2012. 2012. No.2, Apr. Japanese) (in Vol.63, Survey,” An Economic Analysis of the 1950-2010: United States, July No.3, 2012. Vol.63, Historical Trends,” Predictability No.4, Market,” Japanese) (in Vol.63, in Tokyo Oct. 2012. Equilibrium Model: A Survey with the Application the to Japanese Macroeconomic No.1, Japanese) (in Vol.62, Data," Jan. 2011. and Hiromitsu Kanno Yamauchi “VulnerabilityTaro and Resilience of Households: The Case of Zambia,” (in 2011. No.2, Apr. Japanese) Vol.62, July No.3, 2011. Japanese) (in Vol.62, Innovation Policy,” http://www.ier.hit-u.ac.jp/English/publication/erse.html http://www.ier.hit-u.ac.jp/Japanese/publication/ersj.html http://www.ier.hit-u.ac.jp/English/publication/index.html * Ichiro Iwasaki “Foreign Direct and Masahiro Tokunaga * Fukao and Hyeog “Who Kyoji Ug Kwon Jobs in Creates * Kazuhiro “Mortality Kumo Revisited: in Russia A Trends * Chiaki Moriguchi “The Evolution of Child Adoption in * Iwaisako “Re-examination Tokuo Return of Stock * Watanabe Ippei "Dynamic Fujiwara and Toshiaki General * Sakurai, Akiko Nasuda, Akizane Takeshi Kizuki, Miura, Ken * Reiko Aoki “Economics of Science, Technology and in 1950, Shigeto Tsuru, the director of the Tsuru, Institute Shigeto the at in 1950, time, observed: volume publishedyear. a serves as a forum for the publication of economic papers scholarsby from Japan and abroad with on “measurement theory” and “theory with measurement” as well as for the assessment and proposal of economic policies. economic provide and issues to a space quarterly in this journal for the global academic community publish works to deliberatelythat fall outside the established research arena.” 1950) No.1, (Vol.1, is a is Keizai Kenkyu (The quarterly academic journal of articles in Japanese or published English by the Institute of Economic Economic Review) Publications and Other Contributions to Society to Contributions Other and Publications The Economic Research Series presents the research Comovement in Stock Price Indexes Price Comovement in Stock of Japan, United Estimation and China: States, of a Nonlinear Cointegration Jan. 2014. No.1, Model,” Japanese) (in Vol.65, Based Development and Shocks Aggregate in Developing Countries: The Experience of an NGO in Pakistan,” (in 2014. No.2, Apr. Japanese) Vol.65, “Zero-Labor-Productivity-Growth” Maddison's China: JulyHypothesis No.3, 2014. Revisited,” Vol.65, MitsuhiroFukuzawa “Problem-solving Activities Product in Development:Evidence from Engineer-level Surveys in Oct. No.4, Japanese)Japan, (in Vol.65, and Korea, China,” 2014. in the Formative EconomicState Age: Progress and Welfare in Marshall's Economic Thought,” Japanese) (in Jan. 2013. Vol.64, No.1, the in the ViewLabor U.S.: From of Data Point Turnover Construction,” Japanese) 2013. (in Vol.64, No.2, Apr. Nobuyuki Arai, Sonoe Kazuyasu Inui, Arai, Tomohiko Kawasaki, Naomi Kodama and Naohiro Noguchi “Compilation of the Regional-Level Japan Industrial Productivity and Analyses Database of Productivity (R-JIP) erences across Prefectures,” Japanese) (in Vol.64, No.3, Diff 4 Economic Research Series Research Economic The Economic Review TheEconomic Research. Each consistsissue of submitted articles, invited articles, survey articles, and book reviews. Survey articles are long and comprehensive papers written faculty by members of the institute publicize to their research outcomes. The following a selection is of survey recent articles: * Kazumi and Zhentao Asako, Liu “The Zhang Yan * Kurosaki and Hidayat Khan Ullah Takashi “Community- * Harry “The X. Wu Growth of “Non-material Services” in Nakajima Kentaro * Norio and Tokumaru, Tsuru, Tsuyoshi * Nishizawa “Welfare Tamotsu Economics and the Welfare * Ryo Kambayashi “Survey on Empirical Analysis of Miyagawa, Tsutomu *Joji Fukao, Makino, Kyoji Tatsuji Tokui, results of members of the Institute, with typically one

4 Publications and Other 38 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 39 First published in 1957. As First published in 1957. Publisher: Kinokuniya Prix ChaptalAwards: of the end of academic year volumes been have 43 2014, published. Maruzen (Volume 1-31), (Volume 32-) de la Recherche, La Société d’Encouragement pour l’ Industrie Nationale (France) http://www.ier.hit-u.ac.jp/English/publication/search. http://www.ier.hit-u.ac.jp/English/publication/dp.html index.html and Policies a Theory in Developing Countries: Toward of Comparative Economic Development) Discussion PaperSeries Financial and Crisis, Economic Dynamics) Working PaperSeries Economic Research Series English) (in in the Hitotsubashi University Repository (HERMES-IR) managed the by university library. html http://risk.ier.hit-u.ac.jp/English/publication/index.html Working Paper* RRC Research Series (Russian Center) http://www.ier.hit-u.ac.jp/rrc/English/workingpapers/ (Poverty* PRIMCED Reduction, Institutions, Markets, http://www.ier.hit-u.ac.jp/primced/e-index.html * (Hitotsubashi Project HIT-REFINED on Real Estate, ned/?page_id=262 http://www.ier.hit-u.ac.jp/hit-refi http://rcisss.ier.hit-u.ac.jp/English/introduction/publications.html http://rcisss.ier.hit-u.ac.jp/English/introduction/publications.html First published in Publisher: Iwanami 1953. As of the end of 1953. regular volumes 62 2014, and 8 special volumes beenhave published. Shoten. (Statistical Data (Statistical and Documentation Series Series html PaperSeries html Discussion Paper Series “Catalog of Statistical on Materials Imperial Japan and Publications available make to the results of the activities Awards: Japan AcademyAwards: Nikkei Prize, Prize for The Institute of Economic Research publishes the Tokei Shiryo Shirizu * (Institute IER Discussion of Economic Paper Research) http://www.ier.hit-u.ac.jp/English/publication/ier.html * for Economic Institutions) Working (Center Paper CEI http://cei.ier.hit-u.ac.jp/English/publication/wp/index. * Discussion for Intergenerational Studies) (Center CIS http://cis.ier.hit-u.ac.jp/English/publication/dp/index. * for Economic RCESR (Research and Center Social Risks) Discussion Paper Series Paper Discussion Published by the Research Centre for Information and Statistics of Social Science Social of Statistics and for Information Centre Research the by Published Economic Research Series Japanese) (in Series) (in Japanese) (in Series) volumes 72 published. Overseas 1973; etc.; since Territories,” of the for Research Information Centre and Statistics of Social Science as the compilation, (such processing and systemization of statistical for of the a convenience data) wide range of data users include the following. Excellent Books in Economic for Science, AnnualAward Research Monographs on Okita Labour, Memorial Prize for International Development Research, etc. Discussion Paper Series listed Shown below. in parentheses numberis of papers published in a particular series as of the The Discussion Paper Series fully are end searchable of 2014.

(Amur Survey(Amur Group Library/Databases (National Statistics of (Collection of Academic 4-2 And more: http://www.ier.hit-u.ac.jp/library/Japanese/collections/ The library publicly makes accessible the large amount http://www.ier.hit-u.ac.jp/library/Japanese/exhibition/ Research Works titled “Under the MarxistBanner”) No. (Call AMF-Z-10) ZVK-1, (Investigation for Organizing the Best Offi cial (Investigation for Organizing the Best Offi Development Marketization Promote Aid to in Vietnam) Result Series) (Call No.Result VRc.42-5) (Call Series) Imperial Russia) (Call No. VLc.78-39, AMF-L-35) No. VLc.78-39, (Call Imperial Russia) Marxshugi no Hata no Motoni Vietnam Shijo Keizaika Shien Kaihatsu Seisaku Chousa Amur Chousatai no Gyouseki Series Teiseiki Roshia no Kokka Toukei colidx-j.html Documents Donated Professor by Emeritus Shigeto Tsuru of documents donated the Institute to Professor by Emeritus in the which autumn include of 2003, Tsuru Shigeto manuscripts and letters, and provides assistance for research and questions. Main documents displayed are the at Memorial Corner as permanent Tsuru Shigeto exhibits. The description ofthe documents and content searchableare on documents,the to Internet. access If you have would to like please a request make beforehand. to depositto their research papers in HERMES-IR (institute repository of Hitotsubashi University), and collaborates on the operation Social of “Hi-Stat Science Database the Institute joined EconBiz Open Network”. June 2013, From Partner Network promote open scholarly to to access and educationally literatures. Library Collection ・ ・ ・ ・ Publications and Other Contributions to Society to Contributions Other and Publications Recent years, it assists for the members Institute’s In fi scal 2013, the Library IER was open and days 235 scal 2013, In fi The Library's IER holdings available are for browsing As of the end of fi scal 2013, the Library IER held has scal 2013, As of the end of fi The Library IER started out as a reading room attached 4 Library had 2,274 users including 318 non-University users including members. 318 had 2,274 The numberThe of interlibrary number of loans was 4,416. lled the by Library was 191. photocopy requests fi in the reading room also by external users, as long as it does not hinder research activities the at Institute. And also are providedmaterials for the interlibrary photocopy the Library started has service. 2014 May From the mutual use services with the Library of Institute of Developing Economies. 154,133 East Western language Asian language and 255,499 154,133 volumes.volumes In addition, for of a total 409,632 it has held East 3,445 Asian language Western language and 2,567 overall. The Library’s journalholdings titles of 6,012 for total a searchableare in the university library’s online catalog. Moreoverthe Library holds a large number of micro-form andmaterials, the title list posted is on Library’s web site. to the universityto library when the Institute of Research in East Asian was Economy reorganized the Institute into of then, Since order in to Economic Research 1949. in March support the theoretical Institute’s and empirical research activities, the Library been has engaged in the systematic and comprehensive collection and provision of economic and statistical which materials indispensable are conduct to comprehensive research on the Japanese economy and on the The world economy. Library been has placing emphasis on the collection of statistical on the materials Asian as area a whole, including and Russia the Middle East. the Moreover, Library been has building up a rich collection on of materials ed as one of the the Soviet Union/Russia, which was identifi objectiveskey who was Professor by Emeritus Tsuru, Shigeto rst director of the Institute. The Libraryelected also as the fi orts those acquire through to materials beenhas making eff publication exchange or donation with research institutions and government agencies home at and abroad.

4 Publications and Other 40 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 41 The experiences and results of trial this system were The trial system allowed the use of following four Based on these activities, received the an RCISSS ect withIn accordance the newStatistics Act took eff by universityby researchers nationwide. incorporated in deliberations on the guidelines for the actual provision of anonymous data based on revision the of 2007 the Statistics Act. surveys: the Employment the National Survey, Survey Status Income and Expenditure,of Family the Survey on Time Use Activities,and Leisure and the Housing and Land Survey. nal the until fi Applications 132 for total use accepted were application of October 2008. honorable mention for statistical activities from the Japan Statistical Association in 2006 and won the Third Annual Prize for Statistical Activities awarded the by Japan Statistical Society September in 2007. cial on April the provision 2009, of anonymous data of offi statistics been has started. Hitotsubashi University made an arrangement in with National (NSTAC) Statistics Center and commenced 2009, March the provisionof following four anonymous data from 2009: June, the Population Census, the Employment the National Survey, Survey Status of Family Income and Expenditure, the Survey on Time and Use Activities,Leisure and the Housing and Land Survey. At the sameAt time, the Statistics of Bureau the Ministry In response a report to the by Science Council ofJapan, Microdata Analysis of Internal Aff airs and Communications, based on the of Aff Internal cial Agreement “New Directions in the Development Offi of Government Statistical Services” (Meeting of the Heads andce of the Statistical Departments of the Cabinet Offi examinedMinistries), government provide ways to to access microdata. Because the best such data make way to available for academic purposes can only be determined together with the academic - the community, RCISSS Centuryalready conducting related research under the 21st Program “ResearchCOE Unit for Statistical Analysis in Social Sciences” - was collaborate asked to in establishing a trial system government provide to to microdata. access Given request this that was line in with the objectives of the “Microdata Analysis Section,” responded the RCISSS to requestthis and set up a trial system for the provision of anonymized government microdata for academic research the for Research Information Centre and Statistics of Social attachedScience (RCISSS) the set IER to up “Microdata a Analysis Section” provide to support in 2002 for the use of government microdata. The objective of section this to is establish both the mechanisms and the facilitiesallow to researchers a wider to from access Japan all over greater range of unaggregated, individuallevel data of government statistics in order raise to the level of empirical in research Japan. These activities formed part of the research of the Century Program “Research COE Unit for Statistical 21st Analysis in Social Sciences.” http://www.rieti.go.jp/jp/database/JIP2011/index.html and been other data have that adjusted to JIP 2012 In collaboration with RIETI’s Study on Industry-Level and http://www.rieti.go.jp/jp/database/R-JIP2012/index.html The East Asian Listed Companies (EALC) Database http://www.jcer.or.jp/eng/research/database070528. http://www.ier.hit-u.ac.jp/English/databases/index.html Studyon Industry-Level and Firm-Level Productivity Japan in conducted and Trade the by Research Institute of Economy, Industry (RIETI). Classifying the Japanese 108 economy into yearssectors, 1970- (covering the newest edition, JIP 2012 annual data contains tables2009), on investments in capital services, investment in the qualityand nominal of labor, and industrialreal indicators, which all essential are for estimating factortotal productivity It (TFP). also calculations contains of TFP growth made using growth accounting. enable comparisons with other countries can be found on the EU-KLEMS http://www.euklems.net/. at website Database 2012 R-JIP Firm-Level Productivity in Japan, G-COE built the Hi-Stat Regional-Level Japan Industrial Productivity Database (R-JIP) as a basic industrial reference for analysis of Japan’s structure erences in productivity. Containing data on and regional diff 2008 to (Okinawa 23 industries prefectures in 47 from 1970 annual covers 2012 R-JIP onwards), includedis from 1972 data essential for(calendar year) estimating factor total productivity, including nominal and value real added, investment in capital and labor in consideration of quality erences, and social capital stock, as well as regional diff erences in TFP levels industry by and calculations of TFP diff growth region by and industry. data for (Some have items the benchmark only.) year DatabaseEALC 2010 rms in Japan, China, principally targets all listed fi 2010 nancial sector). It the (excluding fi South and Korea, Taiwan includes data necessary the TFP measure at company to forlevel. through 2007 The periods 1985 are covered rms, through 2005 for Chineserms, fi 1999 Japanese fi through 2005 for South and Korean Taiwanese and 1985 rms. The database for Economic the by created Center is fi Institutions Hitotsubashi at University (CEI) in collaboration with for the the Economic Japan Research Center (JCER), for and China AsianCenter Nihon Studies at University (project for and the leader: Center Inui), Professor Tomohiko Corporate Competitiveness Seoul at National University (led Professorby Lee). Keun html The Institute of Economic Research compiled has vast Economic Statistics (KazushiThe Okawa, Long-Term http://rcisss.ier.hit-u.ac.jp/Japanese/database/long.html As one of the subprojects Project, of the Hi-Stat the Asian http://hi-stat.ier.hit-u.ac.jp/research/database/ashstat. PartNote: of the statistical data prepared under the http://www.ier.hit-u.ac.jp/COE/English/online_data/ Hitotsubashi University’s Research Unit for Statistical and Databases amounts of statistical and bibliographical information, Economic Statistics, which it such makes as the Long-Term available the public. to The following provides a short introduction of the major databases compiled within the Institute and as part of large-scale projects. Economic StatisticsLong-Term Economic Database StatisticsLong-Term (LTES) Miyohei Shinohara, and Mataji Umemura, eds., Keizai Tokyo a series are of statistical compendia Shinposha 1965-1988) providethat a comprehensive systematic collection of carefully estimated and prepared historical statistics of modern Japan spanning a variety of economic activities. Conforming the of National System to they Accounts, present time-series economic statistics from the beginning of the Meiji period. Database The the contains LTES main economic statistics Economic Statistics from the Long-Term in a database format. Asian Historical Statistics: Basic Data ProjectHistorical provides Statistics estimates of (ASHSTAT) long-term economic statistics on the Asian region spanning from the pre-World period II War the present to based on The basic data usedthe of National (SNA). System Accounts in the estimation process made are public on a trial basis. For currently available data, please the refer following to website. html project COE also available is (see the website 1995-2000 information, For access pleasebelow). the read notes for Historical Statistics: Please that also note "Asian Basic Data." the data made were public a whileago. index.html Industry- and Firm-Level Data JIP Database 2012 Empirical Analysis in Social Sciences Program (Global COE G-COE produced has HiStat) and updated the Japan Industrial Productivity Database cooperation in (JIP) with the

4 Publications and Other 42 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 43 The Japanese is Study of Aging and Retirement (JSTAR) http://www.rieti.go.jp/jp/projects/jstar/index.html The for Information Research Center and Statistics Household and labor statisticsdata JapaneseStudy of Aging and Retirement (JSTAR) a comprehensive survey collect to panel data concerning the lives and health of the It was elderly. established 2007 in and conducted RIETI, by Hitotsubashi University, and the University The of Tokyo. survey the designed to is ensure, to maximum extent possible, comparability with preceding surveys such as the Health and Retirement Study (HRS) the in theUnited Survey States, of Health, Aging, and Retirement and in continental Europe, the in Europe (SHARE) English Longitudinal Study of in the Aging (ELSA) United Kingdom. c By data, analyzing researchers can track JSTAR specifi characteristicselderly of Japan's population global and make comparisons of their characteristics. is sense, In this JSTAR rst globally comparable panel data survey of the fi Japan's elderly. Economy SurveyFarm Database of SocialScience of Hitotsubashi University’s Institute of Economic a single Research database collated into has the pre-World farm II War economy survey documents of the Ministry of Agriculture and Forestry now held Kyoto by University. These farm economy survey documents are statistical covering the materials operating and economic activities of farmers as collected the by Imperial Agricultural Association, the Ministry of Agriculture and and Commerce, the Ministry of Agriculture and Forestry starting in 1913. Survey subjects consisted of independent farmers, owner- farmers,tenant farmers and tenant from each prefecture, and survey included items a broad range of data, such as farm assets, production, and consumption. The labor, survey results published were in a national edition every Althoughscal possible it is the year. investigate general to fi this scal year, economic conditions for farmers in each fi project on concentrates compiling panel data from survey which the is time period 1941, to forms dating from 1931 corresponding the farm to economy’s recovery from the Showa panic the until beginningdevastation of of the 1927 II. World War 4 Publications and Other Contributions to Society to 4 Contributions Other and Publications The for Economic Institutions Center of Hitotsubashi (CEI) http://cei.ier.hit-u.ac.jp/Japanese/database/index.html The for Information Research Center and Statistics http://rcisss.ier.hit-u.ac.jp/Japanese/database/special. The G-COE Program, in collaboration Hi-Stat with the http://www.ier.hit-u.ac.jp/histatdb/ Database on Large Shareholders and Corporate Offi cers Database on Large Shareholders and Corporate Offi 2012 University’s Institute of Economic Research collaborated has Century Program, Normativewith COE the University’s 21st Evaluation and Social Choice of Contemporary Economic build to a large-scale, (COE/RES), Systems long-term cers database of large shareholders and corporate offi (directors, auditors, of Japanese etc.) public companies. The database, which includes time periods not covered private-sectorby databases, information contains on large lattercers (the from 1962) shareholders and corporate offi from almost all public companies as gathered from their nancial reports and other materials. The current edition, for fi data on large shareholders includes for 2,108 pre-1980 2012, cers data on corporatepublic offi companies and pre-1990 public non-banking banks.for companies 1,787 and 140 aggregation/calculation Originaldata "The Data" Center’s of SocialScience supports the use of micro-data from ort, it has government statistics. As part eff of the center's started independently to collect and publish data which are notgathered various by data-collecting entities despite their importance from the perspective of researchers. data Such calledare and "the collected are data" Center's to according academic inquiries of the time. html Database Guide Service / Data Access SocialHi-Stat Science Database Network Library,IER constructed Social the "Hi-Stat website Science Database Network," which presents databases and created collected faculty IER by and researchers. Databases include those compiled the by G-COE Program and other Hi-Stat projects. In addition, includes website this the databases purchased as well as government IER by survey micro data for which the micro analysis section of the supports IER secondary use. Extension Lectures Extension 4-3 Date: September 2014 Date: 25, Josui KaikanPlace: (Chiyoda-ku, Tokyo) Fukao Kyoji ce), Lectures: Hideyuki (Cabinet Offi Yamagishi Organizer: Reiko Aoki (Hitotsubashi University) Hitotsubashi University Policy Forum (Hitotsubashi University), Sadao Nagaoka (Hitotsubashi University), Mark Schankerman Kazuo (LSE), (Cabinet Kyuma Gogami Makoto Ryoichi (University Nagata ce), of Tokyo), Offi Nippon (Shin Biomedical Yoshihide Laboratories, LTD), Hayashizaki (Riken) Publications and Other Contributions to Society to Contributions Other and Publications 8th 2013 OctoberDate: 11, HitotsubashiPlace: Hall (Chiyoda-ku, Tokyo) Lectures: (Tokyo Nobuhiko Medical Yui and Dental 9th 2014 OctoberDate: 10, HitotsubashiPlace: Hall (Chiyoda-ku, Tokyo) Lectures: Reiko Gotoh (Hitotsubashi University), Kaori In March 2001, Tokyo Medical Tokyo andDental University, 2001, In March 4 Extension Lectures University), Masato Iizuka (Tokyo University of Foreign (Tokyo Koike Institute Yasuharu of Technology), Studies), Iwaisako (Hitotsubashi University)Tokuo Kawai (Tokyo University Akinori of Foreign Kimura Studies), (Tokyo Medical Matsumoto and Dental University), Yoshihisa (Tokyo Institute of Technology) Four University Alliance Lectures UniversityTokyo of Institute Foreign Studies, Tokyo of and Hitotsubashi UniversityTechnology, a “Four entered University The Four University Alliance.” Alliance Lectures form part of this. The lecture series was started from 2006 and then held it is every year.

4 Publications and Other 44 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 45 5-1 History 5-1 the fi rst volume, the fi Iwanami 1955. Shoten, the Economic Review, In addition to the fi research departmentsve In addition the fi to It been has the regular institute’s practiceconduct to (American Economy, USSR Economy, National Income and Economy, USSR (American Economy, Reproduction, Statistics, and Classical were that Economics) presentthe at inception of the reorganized IER, a Japanese department Economy was added Later, the in following year. departmentthis was divided two into parts and three more departments-British and British Commonwealth Economies, and SoutheastChinese Economy, Asian Economy-were the added of a total nine make departments. to In 1961, institute added the department of International Economy, and the departments of Economic Measurement, Economic Financial Economics, System, and Modern Economic Analysis raise to the number subsequentlywere of added 1977 by departments fourteen. to with the revision of However, largeve ministerial ordinances, the institute was reduced fi to Japanese and (1) and 1979: research sections during 1978 Economies; U.S., and European USSR Asian Economies; (2) Contemporary Comparative Economic (3) Economies; (4) Analysis. Economic Systems and This (5) formSystems; of organization remained has the in place up present to time. collaborative research and projects with partners outside the institute and its departments. Although there has been no further organizational change the since institute’s departments,ve for Economic the Center restructuring fi into Institutions was established in 2000, and it contributed has expandingtoward the network institute’s of relationships with researchers and institutions both domestically and The for Statistical Center Literatureinternationally. on establishedthe became Japanese Economy, in 1964, the for InformationResearch Center and Statistics of Social Science, with a new section for microdata analysis, as part Long-Term Economic Conceptions of the Institute (1949) as follows: “The most important (1949) (edited Kazushi by Ohkawa, Miyohei Shinohara, Dr. Tsuru, the IER’s head, the explained IER’s the Tsuru, plan for Dr. The Institute of Economic Research (henceforth, at IER) 5Institute the About IER History IER and Mataji Umemura, 1965-1988). reorganizationof the institute in Hitotsubashi Universitywas originally called the Institute of East Asian Economic Research, which was founded in the 1940. library College of Tokyo on of April Commerce 01, It was not a government organization but time, that at an liated with the university and supported a by institute affi research grant from Kenkichi Kagami,the president of Tokyo rst head was Marine and The Insurance. Fire fi institute’s Ueda, president of Shoka the Tokyo University.Teijiro research topic is ‘Nationalresearch topic is Income and Reproduction’ because it theoretical, contains statistical, empirical, and policy-oriented aspects. also It advantageous is research to topic researchersthis collaboratively, so many that would try themselves involve to subject. in this Other research topics will include statistics, econometrics, and the American and Soviet economies. will also value We and pursue research on classical economic the theories.” Japanese Later, economy was added as a research subject, and statistical and empirical on research Japanese nationalincome, economy, and processes of economic growth, on as well as research the socialist economies and China, became of the USSR the Study Group prominent in the academic world. In 1957, on National Income Estimates was launched with Kazushi Ohkawa with as its support leader, from the Rockefeller Foundation. All the results work were of study this group’s collected in the fourteen volumes of of Economic Research Statistics , Iwanami 1974- Shoten, in 1980. Through the integration and in 1980. Just before the beginning of the 21st century, IER added IER Just century, before the beginning of the 21st Issues: Searching Development,”Issues: forFuture supported were a Grant-in-Aidby for Specially Promoted Research. These projectsare became that possible the by reinforcement of theoretical research, emphasis on policy-oriented perspectives, and promotion of institutional and policy ects of integrating comprisesresearch that the synergistic eff theoretical and empirical research activities, which were put in place after the publication of the article “History and in theFuture” thirtieth anniversary edition of the journal further development of the twoprograms, COE a global COE entitled “Research Unit for Statistical and Empirical Analysis in Social Sciences” was also promoted. new missions, promoting original and cutting-edge research and establishing a joint research unit for members of the research community both within and outside Japan, in addition continuing its to comprehensive economic research the was IER designated as on Japan and the world. In 2010, a “Research Unit for Empirical Analysis of the Japanese and World Economy” the by Joint Usage/Research system Center in the Ministry of Education, Sports, Culture, Science, and Technology; then since it has been establishing a foundation with joint research projectsfor a joint usage research center, and facilities as its core. Economic Research 1979 (14 volumes in total) (received the 32th Nikkei volumes the Prize (received 32th for in total) (14 1979 Excellent Books in Economic Science, 1989) Long Term Economic Statistics (LTES) , from 1995 to to , from 1995 Long-Term Economic , Iwanami 1953- Shoten, chef d’oeuvre as the institute’s Based on the tradition of Economic Research Series 2000 the Asian Historical Statistics Project was organized. Other projects included “Expanding Usages of Statistical (supported 1999 Grants-in-Aid by to Information” from 1996 c Research on Priorityand the “Project Areas) on for Scientifi Intergenerational Equity” from to 2003 2000 From 2005. to programs of Excellence Center (COE) two 21st-Century 2007, entitled “Research Unit for Statistical Analysis in the Social Sciences” and “Normative Evaluation and Social Choice of Contemporary Economic launched, were Systems” as well c Research called Grant-in-Aid Scientifi for Creative as a JSPS ation Dynamics in the Japanese “Understanding the Infl Economy” and “Economic Analysis of Intergenerational ofthe extension and reorganization of the institute in It provides2002. microdata on government statistics in collaborationwith the Statistics in the Bureau Ministry of the Center airs and Communications. In 2007, Aff Internal for Intergenerational Studies was founded, pursuing the formation of a cutting-edge research base collaborating by with four Ministries. Furthermore, for the Research Center Economic and Social for Risks was established 2014 in May the purpose of conducting empirical analysis of various risks thethat Japanese economypublishes face. This may center the -Hitotsubashi SRI Index Purchase Consumer on its website. Statistics

4 Publications and Other 46 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 47 5 About the Institute the 5 About History-Chart 4 Publications and Other 48 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 49 5 About the Institute the 5 About

Photo 5 Photo

Photo 4 Photo

Photo 3 Photo

Photo 2 Photo Photo 1 Photo Building-History

4 Publications and Other 50 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 51 5 About the Institute the 5 About Period 1940 - May April, 1940 - August 1946 1940 May - February 1949 1947 March - NovemberFebruary 1949 1949 - October 1956 November 1949 - JanuaryFebruary 1959 1957 - January 1963 February 1959 - JanuaryFebruary 1965 1963 - JanuaryFebruary 1967 1965 - JanuaryFebruary 1969 1967 - August 1969 February 1969 - October 1970 August 1969 - October1972 October 1970 - April 1974 October 1972 - June 1974 April 1974 1976 - May June 1974 1978 - May June 1976 1980 - May June 1978 1982 - March June 1980 - February 1984 1982 March - February 1984 March 1986 - February 1986 March 1988 - February 1988 March 1990 - February 1990 March 1992 - February 1994 1992 March - February 1994 March 1996 - February 1996 March 1998 - February 1998 March 2000 2000March - February 2002 - February 2002 March 2004 2004March - July 2005 August 2005 - July 2007 2011 - March August 2007 2013 - March April 2011 - April 2013 Teijiro Ueda Teijiro Sotaro Takase Kinnosuke Ootsuka Ichiro Nakayama Tsuru Shigeto OharaKeiji Chotaro Takahashi Ryotaro Iochi Tsuru Shigeto Isamu Yamada Seizaburo Oono Kazushi Ohkawa Hideo Yamada Shigeru Ishikawa UmemuraMataji Masakichi Ito Sadayuki Sato Kuribayashi Yoshimasa Koichi Emi Shozaburo Fujino Noboru Miyanabe Tsuda Takumi MizoguchiToshiyuki Ryoshin Minami Tomizawa Kenji OdakaKonosuke KiyokawaYukihiko Teranishi Juro Osamu Saito Nishimura Yoshiaki Masaaki Kuboniwa Noriyuki Takayama Nishizawa Tamotsu Kazumi Asako Fukao Kyoji Name Former Director Former 68 Total Fellow 2 2 2 2 156m 5,313m 1,000m 6,469m Scholar Visiting Foreign Foreign Gross Floor Area 5-2 Administration 5-2 3 1 4 Research Associate 26 Part time Researcher 2 2 2 2 Visiting Foreign Foreign Faculties 155m 329m 1,541m 2,025m Building Area Building Research Departments Research Japanese and Asian Economies U.S., and European Economies Russian Economies Contemporary Comparative Economic Systems Analysis Economic Systems Attached Facilities Comparative Economic Reform for Research Information Centre and Statisticsof Social Science for Economic Institutions Center for Intergenerational Center Studies Assistant Research Departments for Economic Research and Center Social Risks of Publicationsce Offi ce Faculty Support Offi Administrative Departments Large-Scale Data Archiving and Processing Section airs Section General Aff Library IER Library for Japanese Statistics Research Assistant Associate/ Assistant Professor 7 3 6 0 Professor Associate 18 Total Joint Center Usage & Joint Research Committee Professor members Number of 5Institute the About Institute of Economic Research Institute of Economic Research Annex forResearch Information Centre and Statistics of Social Science Building Organization * Including adjuction Professor" posts and "Research "Assistant Associate". for "Professor", post* Including JSPS doctoral fellow for "Fellow". Personnel: as of 1st April, 2014 Personnel: as of 1st Director ManagementCommittee Faculty Meeting

4 Publications and Other 52 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 53 ¥370 thou. ¥370 ¥4,120 thou. ¥4,120 ¥3,000 thou. ¥3,000 thou. ¥23,219 thou. ¥23,219 ¥26,300 thou. ¥114,117 thou. / 8 projects / 8 projects / 3 projects ¥500 thou.¥500 / 1 project ¥1,900 thou.¥1,900 / 2 projects thou.¥1,900 / 1 project ¥1,400 thou.¥1,400 / 1 project ¥4,550 thou.¥4,550 / 4 projects ¥2,900 thou. ¥5,000 thou. / 2 projects ¥61,800 thou.¥61,800 / 2 projects ¥15,800 thou.¥15,800 / 1 project ¥69,300 thou.¥69,300 ¥30,600 thou. ¥195,650 thou.¥195,650 projects / 32 Donations Grant-in-Aid for Scientifi c Research Grant-in-Aid for Scientifi GeneralOperational Budget Special Grants of Education and Research Selected Projects the by University Joint Research Projects/ Sponsored Research Projects Total Supporting Grants of Operational Expenditures of IER) (share Grant-in-Aid for Scientifi c Research (B) Grant-in-Aid for Scientifi c Research (C) Grant-in-Aid for Scientifi ScientistsGrant-in-Aid for (S) Young ScientistsGrant-in-Aid for (B) Young FellowsGrant-in-Aid for JSPS Grant-in-Aid for Research Activity Start-up c Research on Innovative Areas Grant-in-Aid for Scientifi Grant-in-Aid for Scientifi c Research (S) Grant-in-Aid for Scientifi Grant-in-Aid for Scientifi c Research (A) Grant-in-Aid for Scientifi Operational Budget from the MEXT Budget Fiscal Year 2013 Fiscal Year 5-3 External Committee External 5-3 5Institute the About Kimie Harada University) (Chuo HoriokaCharles Yuji (University of the Philippines Diliman) at Matsumura (UniversityToshihiro of Tokyo) University) (Keio Isamu Yamamoto Jota Ishikawa (Hitotsaubashi University) Fukao (IER, Hitotsubashi University)Kyoji Naohito Abe (IER, Hitotsubashi University) Iwaisako (IER, Hitotsubashi University)Tokuo Ichiro Iwasaki (IER, Hitotsubashi University) Juro Teranishi (Hitotsubashi University; Teranishi Juro Professor Emeritus) Haruko Noguchi (Waseda University) Honda (KansaiYuzo University) University)Mizobata Satoshi (Kyoto (ICU) Naohiro Yashiro (University Yoshikawa Hiroshi of Tokyo) Fukao (IER, Hitotsubashi University)Kyoji Kazumi Asako (IER, Hitotsubashi University) Iwaisako (IER, Hitotsubashi University)Tokuo Ichiro Iwasaki (IER, Hitotsubashi University) Naohito Abe (IER, Hitotsubashi University) Institute of Economic Research Joint Center Usage & Joint Research Committee Members Committee Research & Joint Usage Center Joint Research Economic of Institute Institute of Economic Research Management Committee Members Committee Management Research Economic of Institute

4 Publications and Other 54 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 4 Publications and Other 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society 55 5-4 Evaluation External Evaluation committee members Tsuneaki Sato (Professor Sato Emeritus at Tsuneaki City University),Yokohama Takafusa Nakamura (Professor Emeritus University at Shozaburo (Professor Fujino of Tokyo), Emeritus Hitotsubashi at University) Masaaki Shibuya (Takachiho University), University), SadamichiHiroshi (Kyoto (Okayama University), Tarumi Tomoyuki Baba (InstituteYasumasa of Statistical Mathematics) Hiroyuki Okada (Professor Emeritus Hosei at Ono (InstituteUniversity), of Yoshiyasu Social Yonosuke and Economic Research), Hara Akiyoshi (Institute of Oriental Culture), Horiuchi (University of Tokyo) Kazuhiro Igawa (Kobe University), Sadanori Nagayama (Japan Statistical Association), OdakaKonosuke (Hosei University), Yuzo University) (Kyoto Yamamoto Kazuhito Ikeo University), (Keio Masayuki Iwata (Tokyo International University), Ohta (WasedaMakoto University), Charles HoriokaYuji (Osaka University) Takeaki Kariya University), (Meiji Yutaka Takeaki Harada (Waseda University), Satoshi University), HarukoMizobata Noguchi (Kyoto (Waseda University) blication of report and state of in individual research departments. and procedure of budget allocation. equipment between the research departments of etc., the IER, the RCISSS, and the administration. organization. infrastructures. staff support.publication of information). output of the Institute overall and departments. individualresearch and international conferences and contribution society. to liated with a national institute affi university. the RCISSS such as the compilation,the RCISSS management, and use of statistical information. of the RCISSS. academic staff an information in terms of its center contribution academia to and society. from an overall organizational perspective. research projects for and the Center Economic Institutions. (1) Research activities of the Institute(1) overall Budgeting(2) directly research, related to (1) The coordination of the use of computer (1) Evaluation in terms of personnel(2) and Evaluation in terms of facilities(3) and ciency of services and Evaluation of suffi 4) Network(5) and databases (including the (1) Examination of research activities(1) and Evaluation of contribution(2) national to Overall evaluation(3) of the as a research IER (1) Examination of the operations of (1) Examination(2) of the activities of the Overall evaluation(3) of the RICSSS as (1) Research system and research activities(1) Research level and output(2) of large-scale The research support(3) structure. Overall evaluation of the institute activities and their supporting faculties Publication of report June 1997 March 1999 March October 2003 September2006 March 2013 1st 2nd 3rd March 2001 4th 5th 6th External Evaluation Year 2013 2013 32 22 Ph. D 5-5 Contributions to Graduate Education Graduate to Contributions 5-5 1 33 Masters 5Institute the About 1. No. of students1. whose main advisor for their member of the IER doctoral thesis was a staff No. of2. students whose main academic member of the IER supervisor an academic is staff Contributions to Graduate Education Graduate to Contributions

4 Publications and Other 56 1 Message from the Director 2 Research Activities 3 International Network 5 About the Institute Contributions to Society Contents

1 Message from the Director …………………………………………………………………………………………………………………… 1 2 Research Activities Access 2-1 Joint Research Projects Joint Usage/Research Center: Center for Empirical Analysis on Japanese and Global Economy ………………………………………… 4 PRIMCED (Poverty Reduction, Institutions, Markets, and Policies in Developing Countries: Toward a Theory of Comparative Economic Development) research project (Grant-in-Aid for Scientifi c Research (S)) ………………………………………………………………… 6 Hitotsubashi Project on Real Estate, Financial Crisis, and Economic Dynamics (HIT-REFINED) (Grants-in-Aid for Scientifi c Research (S)) ……………………………………………………………………………………………………… 8 ■ Directions Narita Airport ●From Narita Airport Toward Comparative Transition Economics: A Meta-Analysis of the 20-Year History of Post-Communist Transition to a Market Bus Take the Narita Express to Tokyo Station Economy (Grant-in-Aid for Scientifi c Research (A)) ………………………………………………………………………………………… 10 (approximately 60 minutes) or Shinjuku Station (approx. 80 minutes), then change to Chuo Line. Standards and Technology - Life Cycle, Generational Transition and Related Issues (Grant-in-Aid for Scientifi c Research (A)) ……… 10 Take the Chuo Line train to Kunitachi Station. Yamanote Line Japan’s Current Account Dynamics in the Time of Population Aging and Decline (Grant- in-Aid for Scientifi c Research (A)) ……… 11 Hitotsubashi University is approximately a 10-minute walk from the South Exit. Empirical Investigations in the Pre-War Agricultural Household Economy: A Panel Data Analysis (Grant- in-Aid for Scientifi c Research (A)) 11 Alternatively, take the Airport Limousine bus Population Dynamics in Russia: Micro-Econometric Approach (Grant- in-Aid for Scientifi c Research (A)) …………………………… 12 from the airport to Tachikawa Station (approx. Tachikawa Kunitachi Kokubunji Shinjuku 170 minutes). Take the Chuo Line from Tachikawa Analysis of economic welfare based on panel data in Japan (Grant- in-Aid for Scientifi c Research (A)) ……………………………… 12 Station to Kunitachi Station, it takes approximately Institutions and Policies to Complement Science, Technology and Innovation Policy: Recommendations for Implementation and Chuo Line Tokyo 3 minutes. Action (Science of Science, Technology and Innovation Policy) …………………………………………………………………………… 13 ●From Haneda Airport International Research Collaboration for Formulating Trans-Positional Capability Index (JSPS Program for Advancing Strategic Hamamatsucho Take the Monorail to Hamamatsucho Station International Networks to Accelerate the Circulation of Talented Researchers) ………………………………………………………… 13 (approx. 25 minutes), then change to Yamanote 2-2 Research departments/Faculty Tokyo Monorail Line. Take the Yamanote Line train to Tokyo Station (approx. 6 minutes), then change to Research Departments …………………………………………………………………………………………………………………………… 14 Bus Haneda Airport Chuo Line. Take the Chuo Line train to Kunitachi As of April 2014 …………………………………………………………………………………………………………………………………… 15 Station (approx. 60 minutes). 2-3 Affi liated Research Centers ■ Campus Map Alternatively, take the Keihin Kyuko Bus from the airport to Tachikawa Station (approx. 100 minutes). Research Centre for Information and Statistics of Social Science …………………………………………………………………………… 22 Take the Chuo Line from Tachikawa Station to Center for Economic Institutions ……………………………………………………………………………………………………………… 24 Kunitachi Station, it takes approximately 3 minutes. Center for Intergenerational Studies …………………………………………………………………………………………………………… 26 Research Center for Economic and Social Risks ……………………………………………………………………………………………… 28 3 International Network 3-1 Russian Research Center

Russian Research Center ………………………………………………………………………………………………………………………… 30 tseW supmaC To JR Kunitachi Station tsaE supmaC 3-2 The Research Center for Normative Economics The Research Center for Normative Economics ……………………………………………………………………………………………… 32 Research Centre for Information 3-3 International Conferences and Statistics of Social Science International Conferences ……………………………………………………………………………………………………………………… 34 3-4 Foreign Visitors Foreign Visitors …………………………………………………………………………………………………………………………………… 36 Institute of Economic Research Kanematsu Auditorium 4 Pblications and Other Contributions to Society Main Gate

4-1 Publications Daigaku Dori University Library The Economic Review …………………………………………………………………………………………………………………………… 38 Josui Guest House Economic Research Series ……………………………………………………………………………………………………………………… 38 Published by the Research Centre for Information and Statistics of Social Science ……………………………………………………… 39 Discussion Paper Series ………………………………………………………………………………………………………………………… 39

4-2 Library/Databases International House Mercury Tower Library ……………………………………………………………………………………………………………………………………………… 40 Microdata Analysis ……………………………………………………………………………………………………………………………… 41 Databases ………………………………………………………………………………………………………………………………………… 42 4-3 Extension Lectures Extension Lectures ……………………………………………………………………………………………………………………………… 44 5 About the Institute Sano Shoin Hall 5-1 History IER History ………………………………………………………………………………………………………………………………………… 45 History-Chart ……………………………………………………………………………………………………………………………………… 47 Building-History …………………………………………………………………………………………………………………………………… 50 Former Director …………………………………………………………………………………………………………………………………… 51 5-2 Administration

Organization ……………………………………………………………………………………………………………………………………… 52 Toho gakuen Cassiopeia Kunitachi International Guest House Building …………………………………………………………………………………………………………………………………………… 52 Kunitachi Budget ……………………………………………………………………………………………………………………………………………… 53 Pedestrian bridge

5-3 External Committee Kunitachi Kunitachi Daiichi Institute of Economic Research Management Committee Members ……………………………………………………………………… 54 High school Junior high school Institute of Economic Research Joint Center Usage & Joint Research Committee Members …………………………………………… 54 To JR Yaho Station 5-4 External Evaluation External Evaluation ……………………………………………………………………………………………………………………………… 55 5-5 Contributions to Graduate Education Contributions to Graduate Education ………………………………………………………………………………………………………… 56 INSTITUTE OF ECONOMIC RESEARCH HIT0TSUBASHI UNIVERSITY 2014

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