DOCSLIB.ORG

Curriculum Vitae

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Curriculum Vitae CURRICULUM VITAE HAIDER ALI KHAN Business Address: Josef Korbel School of International Studies University of Denver Denver CO. 80208 USA [email protected] 720-748-2555 303-871-4461 Education: Ph.D.: Cornell University, 1983 M.A.: Cornell University, May 1981 B.A.: Eisenhower College, February 1976, Summa Cum Laude, Economics, Mathematics, Philosophy Current Positions: John Evans Distinguished University Professor Professor of International and Development Economics, Josef Korbel School of International Studies University of Denver Other Positions: Senior Economic Affairs Adviser, UNCTAD, Geneva, Switzerland. Chief International Adviser, UNDP,Arab Trade and Human Development Special Adviser,UNDP, MDG Implementation in LDCs Special Adviser,UNDP, Global Financial Crisis Senior Visiting Fellow, UNU-WIDER, Helsinki Visiting Professor, CIRJE, Graduate School of Economics, University of Tokyo Visiting Professor , Tilburg University, The Netherlands Visiting Professor , Peoples University, Beijing, PRC Visiting Professor , Universitas Indonesia, Jakarta. Visiting Scholar, Asian Development Bank Institute, Tokyo 1999, 1998, 2002,2003, & 2004-5, 2006 Adviser, Asian Development Bank, Manila Assistant Professor, University of Akron Areas of Expertise: 1 1. Economic Theory, International Political Economy, International Trade, Gender, Governance and Development Strategies: Gender-based Social Accounting and SAM, General Equilibrium and Disequilibrium, Regional Cooperation, Trade and Technology Choice Strategy, R&D and Innovation, FDI, Sustainability, Governance, Growth, Inequality and Poverty Reduction 2. Economic Modeling: Linear and Nonlinear Economy-wide Models, SAM, CGE and Econometric Models, Neural Networks and Agent-based Models. 3. Corporate and International Finance: Financial Crises, International Capital Flows, Foreign Aid and Corporate Governance 4. Infrastructure and Technology: Information Technology, Economic Growth and Distribution 5. Geographic Areas: Asia, North and South America and Africa Administrative (selected): 1. Associate Dean, GSIS, DU (reported to Dean Tom Rowe) 2. GSIS Director, International MBA and Finance Program (Joint Program with the Business School MBA) 3. Director, International Economics Program, Masters and Ph.D. Levels 4. Director, International Development Program, Masters and Ph.D. levels 5. Chair, Admissions and Fellowship Committee 6. Chair and member, various search committees and tenure and promotion committees 7. Member, University Wide Committees on Internationalization, research funding and curriculum development Research Positions and Selected Lectures Abroad: Invited Distinguished Speaker, UNDP, April 2019. Invited Distinguished Speaker, University of Helsinki, Tracing and Facing Our Common Future. April, 2018 Invited Distinguished Speaker, University of Helsinki, Global Ethics. April, 2018 Invited Distinguished Speaker, University of Helsinki, Towards Global Peace and Justice: Poetry and Music of Rabindranath Tagore, April, 2018 Invited Distinguished Speaker, Antonio Gramsci University, Rome La Sapienza, Global Crisis and the US, Dec. 13, 2017 Invited Distinguished Speaker, University of Naples II, Public Debt, Dec. 19, 2017 Invited Distinguished Speaker, University of Naples II, Global Finance and Human Wellbeing, Nov. 28, 2017 Invited Distinguished Speaker , British Academy Workshop on Smart Cities, Bradford University UK, July 12- 14, 2017 Invited Distinguished Speaker , Cosmos Centre, Feb., 2017 2 Invited Distinguished Speaker, Prothom Alo, Feb. 2017 Invited Distinguished Speaker, Mathematics Dept., Dhaka University, Feb. 2017 Invited Distinguished Speaker, Asian Institute of Technology, Bangkok, March 2017 Invited Distinguished Speaker for the University of Rome and Naples, March, 2016 Invited Distinguished Speaker for the Nazrul Conference, NYC, May 2016 Invited Distinguished Speaker for the Inauguration of World Scholars Series, BRAC University, Feb., 2015 Invited Distinguished Speaker , UNDP, March 2014. Invited Distinguished Speaker for the Ministry of Labor, Argentina, Oct. 2014 Invited Distinguished Speaker, International High Level Conference on Global Finance , Bali, Indonesia, Sep. 2013 Invited Distinguished Speaker, On Development Strategies, School of Oriental and African Studies (SOAS), London, Oct. 2013. Invited Distinguished Speaker Invited Distinguished Speaker, Asian Development Bank Conference in California on Public Service Delivery, June 2013 Invited Distinguished Speaker , IFPRI, Dhaka, August,2012 Invited Distinguished Speaker, UNDP, Oct. 2012 Invited Distinguished Speaker , NCAER and ADB, New Delhi, India, Dec. 2011 Invited Distinguished Speaker, UNAIF, Seoul, August 2011 Invited Distinguished Speaker, Knowledge Economy, KDI and ADB, Manila, Oct. 2011 Invited Distinguished Speaker, APEC Pre-meeting of Experts, Redlands, Ca., Sep. 2011 Invited Distinguished Speaker, GLOBELICS, Mexico City and Dakar Senior Economic Affairs Advisor, UNCTAD, Geneva, Switzerland. International Adviser, Arab Trade and Human Development Project, UNDP Invited Speaker, RMIT, Melbourne, Jan. 2010: “Globalization and Human Security” Invited Speaker, WIDER conference, Maastricht, The Netherlands, Oct.2009: “Industrialization in the 21st Century”. Invited Distinguished Speaker, Harvard conference on Bangladesh, Oct. 2009: “ Vision 2021 and Investment in Bangladesh”. Invited Speaker, WIDER conference, Kolkata, Dec. 2008: “Bangladesh:Urbanization and Development”. Invited Distinguished Speaker, WIDER, Helsinki, May, 2008: “Lessons of East Asian Development”. Invited Visiting Scholar at WIDER, UNU in Helsinki, Finland, Summer, 2007: Globalization, Gender and Development: A CGE Model. Invited Distinguished Visiting Professor, People’s University, Beijing, May-June, 2007. Invited Distinguished Visiting Professor, School of Business, University of Santiago de Compostela, Spain, 2006. Invited Distinguished Speaker, ADBI, Tokyo, Dec. 2006 Invited Distinguished Speaker, ADBI, Tokyo, Dec. 2004 Invited Distinguished Speaker, ADBI, Tokyo, August 1999, Dec.1999 ADBI, On Poverty Reduction Strategies: CGE Modeling JICA, On Poverty Reduction Strategies and PRSPs Democratic Pacific Assembly (invitation from the Vice President of ROC): On regional cooperation in trade, technology, and finance Japan Foreign Correspondents’ Club: The Future of Japanese aid, Global Markets and Financial Crises UNCTAD: On poverty reduction and structural adjustment Indian Statistical Institute, New Delhi: On multidimensional inequality and Poverty Asian Development Bank, Manila and ADBI, Tokyo: On corporate governance CentER, Tilburg University, On nonlinear models of growth and distribution 3 University of Tokyo: On Japanese aid: modeling issues Special Invited Courses Taught: World Bank, Economy Wide Modeling, Jakarta SEACEN, Central Banking and Monetary Policy Making, Kualalampur Costa Rica, Human Development Taiwan, Global Finance Various years (1999-2005) Visiting Scholar, Asian Development Bank Institute, Tokyo 1997-1998 Economics and Development Resource Center, Asian Development Bank Summer 1995 Visiting Scholar, Center for Economic Research, Tilburg University (NSF fellowship) Spring 1992 Visiting Fellow, Institute of Economic Research, Hitotsubashi University, Tokyo, Japan Fall-Winter Visiting Fellow, Tilburg University, The Netherlands - 1991-92 (invited by the National Science Foundation) Oct. 1992 Visiting Scholar, University of Tokyo, Japan Spring 1991 Visiting Professor, Liaoning University, PRC Summer 1990 Visiting Scholar, Inter-universities program, World Bank and Consortium of American Universities Nov-Dec 1989 Visiting Fellow, Center for Economic Research, Tilburg, The Netherlands Summer 1986 Visited and gave seminars at Institute for Developing Economies, Tokyo, and Indian Statistical Institute, New Delhi; on Economy-wide Modeling and Income Distribution Summer 1984 International Labour Office, Research Project: Choice and Diffusion of Technology in a Macroeconomic Model - the Indonesian Case Summer 1983 Cornell University, Research Project: Technology Choices in a Macroeconomic Model for Indonesia Summer 1981 Korea Development Institute, Seoul, Korea Field research as an external collaborator to the International Labour Office, Geneva, Switzerland. Field Work: Egypt, Jordan, Morocco, Korea, Indonesia, India, Bangladesh, Japan, China, Costa Rica, Mexico, Philippines, Taiwan, Nigeria, South 4 Africa, Hong Kong and Singapore Teaching Experience and Awards: Selected for teaching a special course on Globalization, Ren Min University, Beijing China Selected for teaching a special course on Capital Flows, Taiwan, 2002 Selected for teaching a special course on “Human Rights and Economic Justice” at UNA, Costa Rica, 1995 Lectures on General Equilibrium Modeling, Universitas Indonesia, Jakarta, 1990 Fellowship for Teaching Excellence, Cornell University 1981-82 (Only one awarded during the year) Courses Taught: Undergraduate: Principles; Intermediate Macro; International Finance, Japan and the World Economy; Japanese Economy, Society and Culture Graduate (MA, MBA & PhD): International Business Environment; Country Risk Analysis; Financial Analysis of Large Scale Projects; International Corporate Finance; International Money and Finance in Europe; International Money and Finance in East Asia; Global Financial Structure; Japanese Economy – Trade and Financial Issues; Advanced Issues in I.E.; Theories of Income Distribution; Research Methods: Philosophy of Science Issues; Global Economic Justice; International Monetary
Load more

Recommended publications
  • Social Indicators in Corporate Activities Considering Sdgs - the Profit Maximization Criteria of Companies and Sdgs
    1 Social Indicators in Corporate Activities considering SDGs - The Profit Maximization Criteria of companies and SDGs - Shigeo Uchida, Takako Hashimoto Chiba University of Commerce, Japan 1. Introduction The steady growth of the advanced countries began around 1820. The driving force was the rapid development of private companies, especially corporations. Establishment of a limited liability system for stockholders in advanced countries has greatly contributed to the evolution of companies. They were able to raise huge amount of money from ordinary citizens through limited liability system. Companies are profit making organizations that aim to maximize profits under the law. They have been leading technological and managing innovation to achieve the economic growth. However, prioritizing pursuing profits, companies have caused serious social problems such as pollution and environmental hazards. Many developed societies have emphasized on the Corporate Social Responsibility (CSR). Then they have established various laws and regulations such as the antitrust laws. At the beginning this century, in addition to legal regulations, many global institutions have formulated various guidelines for companies. The SDGs (the Sustainable Development Goals) agreed by all member countries of the United Nations in 2015 may be the most important fruit in present society. In financial and capital markets, ESG (Environment, Social, and Governance) investments are attracting attention. Companies seem to fulfill their responsibilities. However, the scandals of many large companies continue. Is it possible to make companies behaviors change? In this paper, we propose to use the tax system to incorporate the CSR concept into the profit maximization criteria of companies. 1. Companies brought economic growth and social problems It becomes a consensus of economist that private companies have brought innovation and economic growth through free market competition.
    [Show full text]
  • Vol. 42, No. 3: Full Issue
    Denver Journal of International Law & Policy Volume 42 Number 3 Summer Article 10 46th Annual Sutton Colloquium April 2020 Vol. 42, no. 3: Full Issue Denver Journal International Law & Policy Follow this and additional works at: https://digitalcommons.du.edu/djilp Recommended Citation 42 Denv. J. Int'l L. & Pol'y (2014). This Full Issue is brought to you for free and open access by the University of Denver Sturm College of Law at Digital Commons @ DU. It has been accepted for inclusion in Denver Journal of International Law & Policy by an authorized editor of Digital Commons @ DU. For more information, please contact [email protected],dig- [email protected]. Denver Journal _ of International Law and Policy VOLUME 42 NUMBER 3 SUMMER-2014 TABLE OF CONTENTS 46TH ANNUAL LEONARD v.B. SUTTON COLLOQUIUM: INTERNATIONAL LEGAL PERSPECTIVES ON THE FUTURE OF DEVELOPMENT KEYNOTE: WHAT DOES INTERNATIONAL LAW HAVE To Do WITH INTERNATIONAL DEVELOPMENT? . David P. Stewart 321 THE FUTURE OF HUMAN DEVELOPMENT: THE RIGHT TO SURVIVE AS A FUNDAMENTAL ELEMENT OF THE RIGHT TO DEVELOPMENT ............... UpendraAcharya 345 HUMAN RIGHTS TAKE A BACK SEAT: THE SUPREME COURT HANDS OUT A PASS TO MULTINATIONALS AND OTHER WOULD BE VIOLATORS OF THE LAW OF NATIONS ................... W. Chadwick Austin 373 and Amer Mahmud INVESTING IN SUSTAINABILITY: ETHICS GUIDELINES AND THE NORWEGIAN SOVEREIGN WEALTH FUND...... Dr. Anita M. Halvorssen 389 and Cody D. Eldredge KEYNOTE: THE RIGHTS OF THE UNDERCLASS IN 2015 ..................... Peter Weiss 417 CAN THE CHINESE BIOGAS EXPERIENCE SHED LIGHT ON THE FUTURE OF SUSTAINABLE ENERGY DEVELOPMENT?.. Jason B. Aamodt 427 and Dr.
    [Show full text]
  • Macroeconomic Dynamics at the Cowles Commission from the 1930S to the 1950S
    MACROECONOMIC DYNAMICS AT THE COWLES COMMISSION FROM THE 1930S TO THE 1950S By Robert W. Dimand May 2019 COWLES FOUNDATION DISCUSSION PAPER NO. 2195 COWLES FOUNDATION FOR RESEARCH IN ECONOMICS YALE UNIVERSITY Box 208281 New Haven, Connecticut 06520-8281 http://cowles.yale.edu/ Macroeconomic Dynamics at the Cowles Commission from the 1930s to the 1950s Robert W. Dimand Department of Economics Brock University 1812 Sir Isaac Brock Way St. Catharines, Ontario L2S 3A1 Canada Telephone: 1-905-688-5550 x. 3125 Fax: 1-905-688-6388 E-mail: [email protected] Keywords: macroeconomic dynamics, Cowles Commission, business cycles, Lawrence R. Klein, Tjalling C. Koopmans Abstract: This paper explores the development of dynamic modelling of macroeconomic fluctuations at the Cowles Commission from Roos, Dynamic Economics (Cowles Monograph No. 1, 1934) and Davis, Analysis of Economic Time Series (Cowles Monograph No. 6, 1941) to Koopmans, ed., Statistical Inference in Dynamic Economic Models (Cowles Monograph No. 10, 1950) and Klein’s Economic Fluctuations in the United States, 1921-1941 (Cowles Monograph No. 11, 1950), emphasizing the emergence of a distinctive Cowles Commission approach to structural modelling of macroeconomic fluctuations influenced by Cowles Commission work on structural estimation of simulation equations models, as advanced by Haavelmo (“A Probability Approach to Econometrics,” Cowles Commission Paper No. 4, 1944) and in Cowles Monographs Nos. 10 and 14. This paper is part of a larger project, a history of the Cowles Commission and Foundation commissioned by the Cowles Foundation for Research in Economics at Yale University. Presented at the Association Charles Gide workshop “Macroeconomics: Dynamic Histories. When Statics is no longer Enough,” Colmar, May 16-19, 2019.
    [Show full text]
  • New Perspectives in Corporate Law
    University of Pennsylvania Carey Law School Penn Law: Legal Scholarship Repository SJD Dissertations Student Papers 2021 New Perspectives in Corporate Law Asaf Raz Follow this and additional works at: https://scholarship.law.upenn.edu/sjd_dissertations Part of the Business Organizations Law Commons, and the Jurisprudence Commons NEW PERSPECTIVES IN CORPORATE LAW ASAF RAZ S.J.D. DISSERTATION UNIVERSITY OF PENNSYLVANIA CAREY LAW SCHOOL DISSERTATION COMMITTEE David A. Skeel, S. Samuel Arsht Professor of Corporate Law Gideon Parchomovsky, Robert G. Fuller, Jr. Professor of Law Elizabeth Pollman, Professor of Law Dissertation Defense: April 13, 2021 2 Asaf Raz [Dissertation DISSERTATION CONTENTS New Perspectives in Corporate Law (2021) (S.J.D. Dissertation Introduction). Share Law: Toward a New Understanding of Corporate Law, 40 U. PA. J. INT’L L. 255 (2018). A Purpose-Based Theory of Corporate Law, 65 VILL. L. REV. 523 (2020). Mandatory Arbitration and the Boundaries of Corporate Law, 29 GEO. MASON L. REV. (forthcoming 2021). 2021] New Perspectives in Corporate Law 3 NEW PERSPECTIVES IN CORPORATE LAW ASAF RAZ* INTRODUCTION “The life of the law has not been logic: it has been experience,”1 wrote Oliver Wendell Holmes in 1881, laying the foundation for what would become the legal realist movement, and subsequently much of the way we think about, practice, adjudicate, and study the law today. Yet what if the life of the law has been both logic and experience? What if the law has its own structure, taxonomy, and unwaivable principles, which in turn operate to make the world a better place, even in extra-legal terms (economic, social, or otherwise)? This debate, regarding the proper balance between internal and external perspectives on the law, continues to unfold today.
    [Show full text]
  • Asset Bubbles, Endogenous Growth, and Financial Frictions∗
    Asset Bubbles, Endogenous Growth, and Financial Frictions∗ Tomohiro Hiranoyand Noriyuki Yanagawaz First Version, July 2010 This Version, October 2016 Abstract This paper analyzes the existence and the effects of bubbles in an endoge- nous growth model with financial frictions and heterogeneous investments. Bubbles are likely to emerge when the degree of pledgeability is in the mid- dle range, implying that improving the financial market might increase the potential for asset bubbles. Moreover, when the degree of pledgeability is rel- atively low, bubbles boost long-run growth; when it is relatively high, bubbles lower growth. Furthermore, we examine the effects of a bubble burst, and show that the effects depend on the degree of pledgeability, i.e., the quality of the financial system. Finally, we conduct a full welfare analysis of asset bubbles. Key words: Asset Bubbles, Endogenous Growth, Pledgeability, bubble burst, welfare effects of bubbles ∗This paper is a revised version of the our working paper, Hirano, Tomohiro, and Noriyuki Yanagawa. 2010 July. "Asset Bubbles, Endogenous Growth, and Financial Frictions," Working Paper, CARF-F-223, The University of Tokyo. We highly appreciate valuable comments from Francesco Caselli and four anonymous referees throughout revisions. We also thank helpful com- ments from Jean Tirole, Jose Scheinkman, Joseph Stiglitz, Kiminori Matsuyama, Fumio Hayashi, Katsuhito Iwai, Michihiro Kandori, Hitoshi Matsushima, Albert Martin, Jaume Ventura, and sem- inar participants at Econometric Society Word Congress 2010. We thank Shunsuke Hori and Jun Aoyagi for their excellent research assistance. Tomohiro Hirano acknowledges the financial sup- port from JSPS KAKENHI Grant No. 25220502, No. 15K17018, and No. 15KK0077.
    [Show full text]
  • Fiduciary Duty, Human Rights, and the Corporate Decision Maker
    Fordham Journal of Corporate & Financial Law Volume 26 Issue 1 Article 3 2021 Humanity Constrains Loyalty: Fiduciary Duty, Human Rights, and the Corporate Decision Maker Malcolm Rogge University of Exeter Law School, United Kingdom Follow this and additional works at: https://ir.lawnet.fordham.edu/jcfl Part of the Agency Commons, Business Administration, Management, and Operations Commons, Business Law, Public Responsibility, and Ethics Commons, and the Human Rights Law Commons Recommended Citation Malcolm Rogge, Humanity Constrains Loyalty: Fiduciary Duty, Human Rights, and the Corporate Decision Maker, 26 Fordham J. Corp. & Fin. L. 147 (2021). This Article is brought to you for free and open access by FLASH: The Fordham Law Archive of Scholarship and History. It has been accepted for inclusion in Fordham Journal of Corporate & Financial Law by an authorized editor of FLASH: The Fordham Law Archive of Scholarship and History. For more information, please contact [email protected]. HUMANITY CONSTRAINS LOYALTY: FIDUCIARY DUTY, HUMAN RIGHTS, AND THE CORPORATE DECISION MAKER Malcolm Rogge* ABSTRACT This article considers whether the values contained within the idea of human rights have normative priority over economic values as they are inscribed in shareholder-oriented interpretations of the duty of loyalty in corporate law. While stakeholder theorists have sought to expand the ambit of the fiduciary duty—arguing generally that corporate fiduciary law permits managers to take into account a broad range of stakeholder interests—this article shifts the frame of analysis: It proposes that the range of corporate fiduciary loyalty is constrained by human rights as normative values that are distinct from the strictly economic values that are given primacy in the shareholder-centered approach.
    [Show full text]
  • Great Thinkers in Economics Series Series Editor: A.P
    Great Thinkers in Economics Series Series Editor: A.P. Thirlwall is Professor of Applied Economics, University of Kent, UK. Great Thinkers in Economics is designed to illuminate the economics of some of the great historical and contemporary economists by exploring the interac- tions between their lives and work, and the events surrounding them. The books are brief and written in a style that makes them not only of interest to professional economists, but also intelligible for students of economics and the interested layperson. Forthcoming titles: David Reisman JAMES BUCHANAN David Cowan FRANK H. KNIGHT Peter Boettke F.A. HAYEK Titles include : Robert Scott KENNETH BOULDING Robert W. Dimand JAMES TOBIN Peter E. Earl and Bruce Littleboy G.L.S. SHACKLE Barbara Ingham and Paul Mosley SIR ARTHUR LEWIS John E. King DAVID RICARDO Esben Sloth Anderson JOSEPH A. SCHUMPETER James Ronald Stanfield and Jacqueline Bloom Stanfield JOHN KENNETH GALBRAITH Gavin Kennedy ADAM SMITH Julio Lopez and Michaël Assous MICHAL KALECKI G.C. Harcourt and Prue Kerr JOAN ROBINSON Alessandro Roncaglia PIERO SRAFFA Paul Davidson JOHN MAYNARD KEYNES John E. King NICHOLAS KALDOR Gordon Fletcher DENNIS ROBERTSON Michael Szenberg and Lall Ramrattan FRANCO MODIGLIANI William J. Barber GUNNAR MYRDAL Peter D. Groenewegen ALFRED MARSHALL Great Thinkers in Economics Series Standing Order ISBN 978–14039–8555–2 (Hardback) 978–14039–8556–9 (Paperback) (Outside North America only ) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and one of the ISBNs quoted above.
    [Show full text]
  • FSA Institute Discussion Paper Series
    FFSSAA IInnssttiittuuttee DDiissccuussssiioonn PPaappeerr SSeerriieess Asset Bubbles, Endogenous Growth, and Financial Frictions Tomohiro Hirano and Noriyuki Yanagawa DP 2010-1 March, 2011 Financial Research Center (FSA Institute) Financial Services Agency Government of Japan 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8967, Japan You can download this and other papers at the FSA Institute’s Web site: http://www.fsa.go.jp/frtc/english/index.html Do not reprint or reproduce without permission. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Financial Services Agency or the FSA Institute. FSA Institute Discussion Papers DP2010-1 (March, 2011) Asset Bubbles, Endogenous Growth, and Financial Frictions Tomohiro Hiranoyand Noriyuki Yanagawaz First Version, July 2010 This Version, March 2011 Abstract This paper analyzes the existence and the e¤ects of bubbles in an endogenous growth model with …nancial frictions and heterogeneous investments. Bubbles are likely to emerge when the degree of pledge- ability is in the middle range. This suggests that improving the …- nancial market might enhance the possibility of bubbles. We also …nd that when the degree of pledgeability is relatively low, bubbles boost long-run growth. When it is relatively high, bubbles lower growth. Moreover, we examine the e¤ects of bubbles bursting, and show that the e¤ects depend on the degree of pledgeability, i.e., the quality of the …nancial system. Key words: Asset Bubbles, Endogenous Growth, and Financial Frictions JEL code: E44, O43 We thank Kosuke Aoki, Toni Braun, Julen Esteban-Pretel, Fumio Hayashi, Masaru Inaba, Katsuhito Iwai, Masahito Kobayashi, Ryutaro Komiya, Kiminori Matsuyama, Masaya Sakuragawa, Kazuo Ueda, Jaume Ventura, and seminar participants at Bank of Japan, Econometric Society Word Congress 2010.
    [Show full text]
  • Persons, Things and Corporations: the Corporate Personality Controversy and Comparative Corporate Governance,” American Journal of Comparative Law 47, Pp.583-632
    This paper was Published in Japanese Economic Review, 53 (3), Sept. 2002 CIRJE-F-135 THE NATURE OF THE BUSINESS CORPORATION -- ITS LEGAL STRUCTURE AND ECONOMIC FUNCTIONS* by KATSUHITO IWAI§ The Graduate School of Economics The University of Tokyo October 2001 <Abstract> Between a classical firm and a business corporation lies a fundamental difference in legal structure. While the former consists of a single ownership relation between owners and assets, the latter consists of two overlapping ownership relations -- one between shareholders and the corporation, and the other between the corporation and corporate assets. The legal relation between shareholders and assets is indirect and exists only through the intermediary of the corporation that performs the dual role of a thing and a person. The main purpose of this paper is to show how such two-tier ownership structure of the business corporation fundamentally affects the form of its organization, the ways and means of its governance, and the efficiency of its performances. JEL Classification: D23, G30, K00, K22, L20 * This paper is based on an invited lecture delivered at the Fall Meeting of Japan Economic Association held at Hitotsubashi University, October 7, 2001. The research in this paper is partially supported by Research for the Future Program, Japan Society for the Promotion of Science. It draws heavily from Iwai [1999, 2001b]. §The author’s address: The Graduate School of Economics, The University of Tokyo: Hongo 7-3-1, Bunkyo-ku, Tokyo 113-0033; Tel: (03) 5841-5633, Fax: (03)5841-5521; Email: [email protected]. THE NATURE OF THE BUSINESS CORPORATION -- ITS LEGAL STRUCTURE AND ECONOMIC FUNCTIONS by Katsuhito Iwai 0.
    [Show full text]
  • What Is Macroeconomics? --- Knut Wicksell and Macroeconomic Analysis
    RIJE Discussion Paper 87-F-12 What is Macroeconomics? --- Knut Wicksell and Macroeconomic Analysis --- by Katsuhito Iwai Faculty of Economics, University of Tokyo October 1987 1 . What is Macroeconomics? --- Knut Wicksell and Macroeconomic Analysis --- by Katsuhito Iwai 1. What is Macroeconomics? "What is Macroeconomics?" The answer to this question seems at first trivial. Macroeconomics is by definition a branch of economics which investigates the relationship among macroeconomic variables, such as national product, total employment, the monetary aggregate, the general price and the like.1 It is contrasted with microeconomics which describes optimizing decisions of individual economic agents and the way they are balanced with each other in a vast number of markets for goods and services. If, however, the distinction between macroeconomics and microeconomics is only that the former deals with macroeconomic variables and the latter with microeconomic variables, then why do we need macroeconomics as a distinct theoretical subject? Isn't it sufficient to have microeconomics as the economic theory, relegating the handling of macroeconomic variables to a statistical manual which tells us how to aggregate microeconomic data. Isn't macroeconomics merely a name for aggregated microeconomics, or worse, a name for the sloppy analysis of those who cannot handle more than two variables at the same time? 'Macroeconomics' is by no means a self-evident theoretical enterprise. Indeed, one of the most influential economists of today recently condemned
    [Show full text]
  • 市場の高質化と市場インフラの総合的設計 GV^H^C\Bvg`ZiFjva^In">Ciz\Gvizy9Zh^\CD[ Æbvg`Zi>C[Gvhigjxijgzç
    慶應義塾大学大学院経済学研究科・商学研究科／京都大学経済研究所連携／京都大学経済研究所連携京都大学経済研究所連携 グローバル COE (Center of Excellence) プログラム Newsletter 市場の高質化と市場インフラの総合的設計 GV^h^c\BVg`ZiFjVa^in">ciZ\gViZY9Zh^\cd[ ÆBVg`Zi>c[gVhigjXijgZÇ MARCH 2009 No. 2 8dciZcih %' Cdca^cZVg:Xdcdb^X9ncVb^XhVcY7Z]Vk^dgVa:Xdcdb^Xh %) 6Xi^k^inGZedgi &#+i]>ciZgcVi^dcVa8dc[ZgZcXZdc:Xdcdb^XI]ZdgnÆBVg`Zi FjVa^in9ncVb^XhÇ '#>begdkZbZcid[HB:;^cVcX^VaBVg`ZiÉhFjVa^inWnJhZd[ HB:9ViVWVhZ (#HigZc\i]Zc^c\EVnbZciHnhiZbh^c6h^V )#Hnbedh^jbÆHjWeg^bZAdVcEgdWaZbVcYGV^h^c\;^cVcX^Va BVg`ZiFjVa^inÇ *#?d^ci;dgjbdcJc^kZgh^in:YjXVi^dcGZ[dgbEgd\gVb +#<8D:GZhZVgX]ZghHnbedh^jb ,#-i]EVcZaHjgkZn8dc[ZgZcXZ -#<8D:=^hidgnHZb^cVg &% >cigdYjXi^dcd[GZhZVgX]6Xi^k^i^Zh▼EVcZa9ViVGZhZVgX] 9ZeVgibZci && A^hid[9^hXjhh^dcEVeZgh &' EZghdccZaIgVch[Zgh!EgZhZciVi^dcd[9Z\gZZh!VcY6lVgYh >c[dgbVi^dc 目次 %' 非線形経済動学から行動経済学へ %) 活動報告 1. 6th International Conference on Economic Theory “Market Quality Dynamics” 2. Improvement of SME Financial Market’s Quality by Use of SME Database 3. Strengthening Payment Systems in Asia 4. シンポジウム「サブプライム・ローン問題と金融市場の高質化」 5. 大学教育改革プログラム合同フォーラム 6. GCOE 研究員報告会 7. 第 8 回パネル調査・カンファレンス 8. GCOE ヒストリーセミナー &% 研究活動紹介 ▼ パネルデータ設計・解析部門 && ディスカッション・ペーパー 一覧 &' 人事動向・学位授与・受賞 お知らせ Nonlinear Economic Dynamics and Behavioral Economics 非線形経済動学から行動経済学へ Kazuo Nishimura 西村和雄 :_h[Yjeh"?dij_jkj[e\;Yedec_YH[i[WhY^"AoejeKd_l[hi_jo 京都大学経済研究所所長 グローバル COE の市場の高質化のグループは、立派な研 The Global COE Market Quality Improvement Group brings 究をされている先生方ばかりですが、それぞれの方の研究を together outstanding professors pursuing top level research, but 把握しているという訳ではないので、私個人の研究に限ってお since I am not familiar with the details of their individual en- deavors, I will limit my comments to my own work. 話いたします。 I entered the University of Tokyo in the late 1960s. That 私は、1960 年代後半に東京大学に入学したのですが、そ was a dramatic period which saw student unrest and student の頃から 70 年の安保に向けて、ベトナム反戦運動、大学紛 movements against the Vietnam War and the U.S.-Japan Secu- 争があった時期でした。大学 1 ～ 2 年のときは、ロシア革命 rity Treaty.
    Ciz\Gvizy9Zh^\CD[ Æbvg`Zi>C[Gvhigjxijgzç" class="panel-rg color-a">[Show full text]
  • Persons, Things and Corporations: the Corporate Personality Controversy and Comparative Corporate Governance,” American Journal of Comparative Law 47, Pp.583-632
    CIRJE-F-135 TheNatureoftheBusinessCorporation ――ItsLegalStructureandEconomicFunctions KatsuhitoIwai TheUniversityofTokyo October2001 DiscussionPapersareaseriesofmanuscriptsintheirdraftform.Theyarenotintendedfor circulationordistributionexceptasindicatedbytheauthor.ForthatreasonDiscussionPapersmay notbereproducedordistributedwithoutthewrittenconsentoftheauthor. THE NATURE OF THE BUSINESS CORPORATION -- ITS LEGAL STRUCTURE AND ECONOMIC FUNCTIONS* by KATSUHITO IWAI§ The Graduate School of Economics The University of Tokyo October 2001 <Abstract> There is a fundamental difference in legal structure between the classical firm and the business corporation. While the former consists of a single ownership relation between owners and assets, the latter consists of two overlapping ownership relations – one between shareholders and the corporation and the other between the corporation and corporate assets. The legal relation between shareholders and assets is indirect and only through the intermediary of the corporation that legally performs the dual role of a thing and a person. The main purpose of this paper is to show how such two-tier ownership structure of the business corporation has fundamental effects on the form of its organization, the ways and means of its governance, and the efficiency of its performances. JEL Classification: D23, G30, K00, K22, L20 * The research in this paper is partially supported by Research for the Future Program, Japan Society for the Promotion of Science. It was presented as Invited Lecture at the Fall Meeting of Japan Economic Association, held at Hitotsubashi University, October 7, 2001. This paper draws heavily from Iwai [1999, 2001b]. §The author’s address: The Graduate School of Economics, The University of Tokyo: Hongo 7-3-1, Bunkyo-ku, Tokyo 113-0033; Tel: (03) 5841-5633, Fax: (03)5841-5521; Email: [email protected]. THE NATURE OF THE BUSINESS CORPORATION -- ITS LEGAL STRUCTURE AND ECONOMIC FUNCTIONS by Katsuhito Iwai 0.
    [Show full text]