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Faculty Members

Faculty in Ph.D. Program

International Economics

PARSONS, Craig R.

Professor
Degree: Ph.D. in Economics, University of Hawaii at Manoa, USA
Fields: International Trade

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List of Publications (5 major works selected)

  1. Parsons, Craig and Kiyotaka Sato, “New Estimates of Exchange Rate Pass-Through in Japanese Exports,” International Journal of Finance and Economics, 13(2), pp. 174-183, 2008.
  2. Gangnes, Byron and Craig Parsons, “Have U.S.-Japan Trade Agreements Made a Difference?” Journal of the Asia Pacific Economy, 12(4), pp. 548-566, 2007.
  3. Parsons, Craig and Kiyotaka Sato, “Exchange Rate Pass-Through and Currency Invoicing: Implications for Monetary Integration in East Asia,” The World Economy, 29(12), pp.1759-1788, 2006.
  4. Parsons, Craig, “The Effects of the Semiconductor Trade Agreement on Japanese Firms,” The Singapore Economic Review, 50 (1), pp.117-129, 2005.
  5. Parsons, Craig, “Did the US-Japan Semiconductor Trade Agreement Have Any Impact?” Asian Economic Journal, 16 (1), pp. 37-51, 2002.
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SATO, Kiyotaka

Professor
Degree: Ph.D. in Economics, University of Tokyo, Japan
Fields: International Finance

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List of Publications (5 major works selected)

  1. Managing Currency Risk: How Japanese Firm Choose Invoicing Currency, Cheltenham, UK: Edward Elgar, 2018 (with Takatoshi Ito, Satoshi Koibuchi and Junko Shimizu).
  2. “Regional or Global Shock? A Global VAR Analysis of Asian Economic and Financial Integration,” North American Journal of Economics and Finance, 2018, forthcoming (with Sheue Li Ong).
  3. “International Use of the Renminbi for Invoice Currency and Exchange Risk Management: Evidence from the Japanese Firm-Level Data,” North American Journal of Economics and Finance, 2018, forthcoming (with Junko Shimizu).
  4. “Exchange Rate Exposure and Risk Management: The Case of Japanese Exporting Firms,” Journal of the Japanese and International Economies, 41, 2016, pp.17-29 (with Takatoshi Ito, Satoshi Koibuchi and Junko Shimizu).
  5. “Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: Vector Autoregression Analysis of the Exchange Rate Pass-Through,” Journal of Money, Credit and Banking, 40(7), 2008, pp.1407-1438 (with Takatoshi Ito).
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SHRESTHA, Nagendra

Associate Professor
Degree: Ph.D. in Economics, Yokohama National University, Japan
Fields: Economic Integration, Input-Output Analysis

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List of Publications (5 major works selected)

  1. “Industry-specific Exchange Rate Volatility and Intermediate Goods Trade in Asia,” Scottish Journal of Political Economy, 63(1), pp.89-109, 2016 (coauthored with Sato, Kiyotaka, Junko Shimizu, Nagendra Shrestha and Shajuan Zhang).
  2. “Industry-specific Real Effective Exchange Rates and Export Price Competitiveness: The Cases of Japan, China and Korea,” Asian Economic Policy Review, 8(2), pp.298-321, 2013 (coauthored with Sato, Kiyotaka, Junko Shimizu, Nagendra Shrestha and Shajuan Zhang).
  3. “New Estimates of the Equilibrium Exchange Rate: The Case for the Chinese Renminbi,”The World Economy, 35(4), pp.419-443, 2012 (coauthored with Sato, Kiyotaka, Junko Shimizu, Nagendra Shrestha and Zhaoyong Zhang).
  4. “Structural Economic Changes in East Asia and Carbon Leakage―Based on the International Input-Output Tables for Asia in 2005―,” The Economic Review (Hitotsubashi University Keizai Kenkyu), 68(2), pp. 97-113, 2012 (coauthored with Hasebe Yuichi, Manabu Fujikawa and Nagendra Shrestha, in Japanese).
  5. “Economic Integration in East Asia: An International Input-Output Analysis,” The World Economy, 29(12), pp. 1709-35, 20016 (coauthored with Hasebe Yuichi).
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Comparative Economics

KIZAKI, Midori

Professor
Degree: Bachelor of Sociology, Hitotsubashi University, Japan
Fields: Modern Chinese Economy

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List of Publications (5 major works selected)

  1. “Income Security Policy for Urban Employees in China,” (in Japanese) Journal of Social Science, Vol. 63, pp11-34, 2012.
  2. “Transition Policy on Employment and Labor in China”, (in Japanese) Katsuji Nakagane ed. Transition of Chinese Economic System and Policy after the ‘Reform and opening-up’ Era, pp161-178, 2011.
  3. “Role of Chinese Economic Policy in its Transition Process”, (in Japanese) Modern Economic Policy 4th edition, Tashiro, Hagiwara, and Kanazawa eds. pp. 332-351, 2011.
  4. “Enterprise Welfare and Corporate Behavior in the Transitional Era in China,” (in Japanese) Akira Suehiro ed., Perspective on the welfare system in East Asian countries, pp. 88-121, 2010.
  5. “Ownership and Management Right in Chinese Enterprises,” (in Chinese) Wu Jiajun and Li Haijian eds., Industrial Development and Reform of Enterprise System in China, pp. 92-112, 2002.
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NAKAMURA, Yasushi

Professor
Degree: Doctor in Economics, Tohoku University, Japan
Fields: Comparative Economics, Russian Economy

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List of Publications (5 major works selected)

  1. “Soviet Banking, 1922–1987,” Comparative Economic Studies, 55(1): 167–197, 2012.
  2. “Did the Soviet Command Economy Command Money?” Europe-Asia Studies, Vol. 63, pp. 1133-1156, 2011.
  3. “Economy-wide Influences of the Russian Oil Boom,” in Tabata, S. ed., Dependent on Oil and Gas, Slavic Eurasian Studies 11, Hokkaido University, pp. 31-49, 2005.
  4. “Domestic Oil and Gas Price and Russian Economic Development: A CGE Approach,” (in Japanese) The Economic Review, Vol. 55, pp. 111-122, 2004.
  5. “The Oil and Gas Industry in the Russian Economy,” Post-Communist Economies, Vol. 16, pp. 153-167, 2004.
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OKABE, Jun-ichi

Professor
Degree: Master in Economics, Hokkaido University, Japan
Fields: Economic Statistics

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List of Publications (5 major works selected)

  1. “Statistical Records in the Bureaucratic System&rdquo,; (in Japanese) in Sugimori K. et al. ed., Thought and Methodology of Statistics, Hokkaido University Press, pp. 87-118, 2000.
  2. “A New Approach to G. v. Mayr's Theory of Secondary Statistics: 'Selbstbeobachtung' and Statistics,” (in Japanese) Economic Studies, Vol.51, Hokkaido University, pp. 127-146, 2001.
  3. “Wide Variations in Statistical Data Sets on the Same Subjects: Reconsidering the Report of the Indian National Statistical Commission,” Occasional Paper, No.9, Japan Statistics Research Institute: Hosei University, pp. 1-28, 2004.
  4. “Data Needs in the Panchayat: A New Statistical Domain Emerging in Rural India,”, CITS Working Paper 2011-01, Yokohama National University, pp1-45, 2011.
  5. “Village-Level Birth Records: A Case Study,” Review of Agrarian Studies, Volume 2, Foundation for Agrarian Studies, India, 2012.
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UEMURA, Hiroyasu

Professor
Degree: M.A. in Economics, Hitotsubashi University, Japan
Fields: Comparative Institutional Analysis, Macroeconomic Analysis

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List of Publications (5 major works selected)

  1. Diversity and Transformations of Asian Capitalisms, Routledge, pp. 1-379, 2012.
  2. “The Transformation of Growth Regime and De-industrialization in Japan,” (with Shinji Tahara), Revue de la régulation, No.15, 2014.
  3. The Institutional Analysis of Socio-economic Systems (New Edition), Nagoya University Press, pp. 1-453, 2007.
  4. “Japanese Multinational Firms in China and International Production Linkages: Changes in Interdependence between 1995 and 2000,” CITS Working Paper (2006-03), 2006.
  5. "Growth, Distribution and Structural Change in the Post-war Japanese Economy", in R. Boyer and T. Yamada (eds.) Japanese Capitalism in Crisis, Routledge, pp.138-161, 2000.
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ISHIRO, Taku

Associate Professor
Degree: Ph.D. in Economics, Yokohama National University, Japan
Fields: Regional Economics, Input-output analysis

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List of Publications (5 major works selected)

  1. “Transnational Interregional Input-Output Analysis between Japan, China and South Korea-By compilation of 2000 Transnational Interregional Input-Output Analysis between Japan, China and South Korea,” The Journal of Ryūtsū Keizai University, vol.47 (4), pp.85-104, 2013/04.
  2. “Water Footprint Analysis in Kanto Watershed in Japan: by compiling Kanto interregional input output table and the sectoral water usage data,” Input-Output Analysis innovation & I-O Technique, vol.19, pp.56-66, 2011/06.
  3. “Analysis of the Impact of Japan-China Regional Economy by Separating Reginal Japanese Enterprises: The Compilation and Application of Japan-China Transnational Inter-Regional Input-Output Table Separating Japanese Enterprises in Beijing City,” Yokohama Journal of Social Sciences, vol.22 (1 & 2), pp.1-20, 2017/08 (coauthored with Cheng Feng).
  4. “The Linkage Effect of Multi-Regional Input-Output Table in Jiangsu Province 2007,” Yokohama Journal of Social Sciences, vol.21 (3), pp.171-192, 2016/09 (coauthored with Chenqiu Feng).
  5. “Transnational Interregional Water Footprint Analysis in China and South Korea and Japan,” 24th International Input-Output Conference & 6th Edition of the International School of I-O Analysis, 2016/07.
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MOZUMI, Seiichiro

Associate Professor
Degree: Ph.D. in Economics, Keio University
Fields: Social Theory of Fiscal Science, US Fiscal History

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List of Publications (5 major works selected)

  1. “Tax Reformers’ Ideas, the Expenditure–Taxation Nexus, and Comprehensive Tax Reform in the United States, 1961-1986,” in ed. Gisela Huerlimann, W. Elliot Brownlee, and Eisaku Ide, Worlds of Taxation: The Political Economy of Taxing, Spending, and Redistribution since 1945, Palgrave Macmillan, 2018.
  2. “Kennedy–Johnson Tax Cut of 1964, the Defeat of Keynes, and Comprehensive Tax Reform in the United States,” Journal of Policy History, 30(1), pp. 25-61, 2018.
  3. “Tax Policy for Great Society Programs: Tax Expenditure and the Failure of Comprehensive Tax Reform in the United States in 1969,” Keio-IES Discussion Paper Series, DP2017-009, 2017.
  4. “Tax Cuts, Tax Expenditures, and Comprehensive Tax Reform: Federal Income Tax Reform in the United States, 1961-1986,” Keio-IES Discussion Paper Series, DP2016-021, 2016.
  5. “A Prelude to the Flood of Red Ink: From a Study of Comprehensive Tax Reform in the 1950s to Federal Tax Reform 1962 in the United States,” Keio Economic Studies, No.52, pp.1-25, 2016.
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NISHIKAWA, Teru

Associate Professor
Degree: Ph.D. in Economics, University of Tokyo, Japan
Fields: International Financial History

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List of Publications (5 major works selected)

  1. “Shaping the Fund’s Policy for Exchange Liberalization,” in K. Yago et al. (eds). History of the IMF: Organization, Policy, and Market, Springer, 2015.
  2. Creation and Evolution of the IMF Economic Policy in the Bretton Woods Era (in Japanese), The University of Nagoya Press, 2014.
  3. “IMF Policy on the Convertible Currency System: Toward Sterling Convertibility,” in M. Itoh and Y. Asai (eds). IMF History: Foundation and Evolution (in Japanese), The University of Nagoya Press, pp.90-113, 2014.
  4. “Macroeconomic Policy Coordination about the UK’s Move to IMF Article 8 Status 1952-1961: Through Analysis of IMF Article 14 Consultation,” (in Japanese) The Journal of Political Economy and Economic History, vol.53(4), pp.32-48, 2011.
  5. “Sterling Cnvertibility and the Development of the IMF Financial Support Policies in the 1950s,” The Journal of Economic Studies (University of Tokyo), vol.53, pp.15-25, 2011.
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International Political Economy

Nakamura, Okabe, Uemura (same as in Comparative Economics above)

YAMAZAKI, Keiichi

Professor
Degree: Master in Commercial Studies, Osaka City University, Japan
Fields: Developing Economies

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List of Publications (5 major works selected)

  1. “Local Governments under the Leftist Government of Brazil: From Soybean and Oil Based Growth to Endogenous Development,” (in Japanese) in Ajia Afurika Kenkyu (Quarterly Bulletin of Third World Studies), Vol. 51, 2011.
  2. “A Study of Corruption of the Brazilian Economy from a Viewpoint of Sustainable Development” (in Japanese) in Yokohama Kokusai Shakaikagaku Kenkyu (Yokohama Journal of Social Sciences), Vol. 14, 2009.
  3. “(Chapter 3) Contributing Factors to Vitalization of Regional Economies” (in Japanese) in ITI [Institute for International Trade and Investment] (ed.) Brajiruno Shohishijoto Shinchukansono Keisei (Consumers’ Market in Brazil and Formation of the New Middle Class), 2009.
  4. “(Chapter 10) New Instrument for the Brazilian Urban Municipal Autonomy – Current State and Future Challenges of ‘Participatory Budgeting’,” (in Japanese) in Ikunori Sumita (ed.) Burajiruno Toshimondai (Urban Problems of Brazil), Yokohama: Shunpuusha, 2009.
  5. “Historical Background of ‘Brazil Cost’ and Perspectives for Reduction of the Cost – Tax Base Fostering Policy of ‘Immature Welfare State’” (in Japanese) in Boekito Kanzei (Trade and Tariff), January, 2008.
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Faculty in M.A. Program

International Economics

Parsons, Sato, Shrestha (same as in Ph.D. Program above)

FUJIO, Minako

Professor
Degree: Ph.D. in Economics, Johns Hopkins University, USA
Fields: Macroeconomics

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List of Publications (4 major works selected)

  1. “Optimal Transition Dynamics in the Leontief Two-Sector Growth Model with Durable Capital: The Case of Capital Intensive Consumption Goods,” Japanese Economic Review, Vol. 60, pp.490-511,2009.
  2. “Undiscounted Optimal Growth in a Leontief Two-Sector Model with Circulating Capital: The Case of a Capital-Intensive Consumption Good,” Journal of Economic Behavior and Organization, Vol. 66, pp.420-436, 2008.
  3. “Ronald W. Jones and Two-Sector Growth: Ramsey Optimality in the RSS and Leontief Cases,” Asia-Pacific Journal of Accounting and Economics, Vol. 13, pp.87-110,2006.
  4. “The Leontief Two-Sector Model and Undiscounted Optimal Growth with Irreversible Investment: The Case of Labor-Intensive Consumption Goods,” Journal of Economics, Vol. 86, pp.145-159, 2005.
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KOBAYASHI, Masahito

Professor
Degree: Ph.D. in Economics, University of Tokyo, Japan
Fields: Econometrics

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List of Publications (5 major works selected)

  1. “Testing the Sequential Logit Model Agaist the Nested Logit Model,” Japanese Economic Review, 2009, vol.6, pp. 345-361, (coauthored with Daisuke Nagakura).
  2. “Testing for EGARCH Against Stochastic Volatility Models,” Journal of Time Series Analysis, vol. 26, pp.135-150, 2005 (coauthored with Xiu-Hong SHI).
  3. “Analytical Power Comparisons of Nested and Nonnested Tests for Linear and Loglinear Regression Models," Econometric Theory, vol.15, pp.99-113, 1999 (coauthored with Michael McAleer ).
  4. “Tests of Linear and Logarithmic Transformations for Integrated Processes,” Journal of the American Statistical Association, vol. 94, pp.860-868, 1999 (coauthored with Michael McAleer).
  5. “Testing for Autocorrelated Disturbances in Nonlinear Regression Analysis,” Econometrica, vol. 59, pp. 1153-1159, 1991.
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NAGAI, Keiji

Professor
Degree: Ph.D. in Statistics, Rutgers University, USA
Fields: Mathematical Statistics

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List of Publications (5 major works selected)

  1. “Nonparametric Methods of Estimating Integrated Multivariate Volatilities,” (with T. Hoshikawa, T. Kanatani and Y. Nishiyama), Econometric Review, 27:1, pp112-138, 2008.
  2. “A Sequential Unit Root Test,” (with Y. Nishiyama and K. Hitomi), Proceedings of MODSIM07, p.3031-3036.
  3. “Nonlinear renewal theorems for random walks with perturbations of intermediate order,” (with Cun-Hui Zhang), Recent Developments in Nonparametric Inference and Probability, IMS Lecture Notes-Monograph Series Vol. 50, pp164-175, 2006.
  4. “Asymptotic Lower Bounds for the Average Detection Delay of Change-point Detection Rules,” Discussion Paper Series, The Center for International Trade Studies, Faculty of Economics, Yokohama National University, 03-F-5, June, 2003.
  5. “Nonparametric Change-point Detection for Two populations,” Sequential Analysis 17, No.3-4, pp279-296, 1998.
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OKUMURA, Tsunao

Professor
Degree: Ph.D. in Economics, Northwestern University, USA
Fields: Econometrics, Macroeconomics

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List of Publications (5 major works selected)

  1. “Concave-Monotone Treatment Response and Monotone Treatment Selection: With an Application to the Returns to Schooling,” Co-author: Emiko Usui, Quantitative Economics, vol. 5, pp. 175-194, March 2014.
  2. “Nonparametric Estimation of Labor Supply and Demand Factors,” Journal of Business and Economic Statistics, vol. 29, pp.174-185, January 2011.
  3. “Wealth as a Signal in the Search Model of Money,” International Economic Review, vol. 47, pp.87-106, February 2006.
  4. “Effect of Pension Reform on Pension-Benefit Expectations and Savings Decisions in Japan,” Co-author: Emiko Usui, RIETI Discussion Paper 11-E-065, 2011.
  5. “Housing Investment and Residential Land Supply in Japan: An Asset Market Approach,” Journal of the Japanese and International Economies, vol.11, pp.27-54, February 1997.
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MUTO, Nozomu

Associate Professor
Degree: PhD in Economics, Hitotsubashi University, March 2010.
Fields: Game theory, Microeconomics

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List of Publications (5 major works selected)

  1. “An impossibility under bounded response of social choice functions,” Games and Economic Behavior, Volume 106, pp.1-15, 2017 (coauthored with Shin Sato).
  2. “Implementation in Undominated Strategies with Partially Honest Agents,” Games and Economic Behavior, Volume 104, pp.613-631, 2017 (coauthored with Saptarshi Mukherjee and Eve Ramaekers).
  3. “Bounded response of aggregated preferences,” Journal of Mathematical Economics, Volume 65, pp.1-15, 2016 (coauthored with Shin Sato).
  4. “Strategic Complexity in Repeated Extensive Games,” Games and Economic Behavior, Volume 83, 45-52, 2014.
  5. “On Efficient Partnership Dissolution under Ex Post Individual Rationality,” Economic Theory, Volume 48, No. 1, pp.87-123, 2011, (coauthored with Stefano Galavotti and Daisuke Oyama).
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SANO, Ryuji

Associate Professor
Degree: Ph.D. in Economics, University of Tokyo, Japan
Fields: Game Theory, Microeconomics

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List of Publications (4 works)

  1. “Sequential Auctions of Heterogeneous Objects,” Economics Letters, Vol. 149, pp. 49-51, 2016 (coauthored with Akitoshi Muramoto).
  2. “Vickrey-Reserve Auctions and an Equilibrium Equivalence,” Mathematical Social Sciences, Vol. 65, pp. 112-117, 2013.
  3. “Non-bidding Equilibrium in an Ascending Core-Selecting Auction,” Games and Economic Behavior, Vol. 74, pp. 637-650, 2012.
  4. “Incentives in Core-Selecting Auctions with Single-Minded Bidders,” Games and Economic Behavior, Vol. 72, pp. 602-606, 2011.
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Comparative Economics

Sato, Ishiro, Nisikawa, Shrestha (same as in Ph.D. Program above)

IJU, Morinao

Professor
Degree: Master of Economics, University of Tokyo, Japan
Fields: Public Finance

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List of Publications (5 major works selected)

  1. “Accounting System and Performance Indicators of German Local Public Enterprises,” (in Japanese) Koei Kigyo, Vol. 43, pp. 72-112, 2012.
  2. “Budget and Settlement in the Local Governmental Accounting System: Comparative Study between the U.S. and Sweden,” (in Japanese) Rikkyo Keizai Kenkyu, Vol. 64, pp.73-108, 2010.
  3. “Policy-making on Dual Income Tax: the Swedish Tax Policy in the 1990s,” (in Japanese) Shoken Keizai Kenkyu, Vol. 68, pp.109-127, 2009.
  4.  “Intergovernmental Fiscal Relations in Sweden: Decentralization and Fiscal Coordination System,” (in Japanese) Chiho Zaisei, Vol. 45, pp.213-237, 2006.
  5. “The Swedish Tax Reform of 1991,” (in Japanese) Economia, Vol. 55, pp.45-64, 2004.
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UJIKAWA, Keiji

Professor
Degree: Ph.D. in Economics, Tohoku University, Japan
Fields: Environmental Economics, SNA / I-O

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List of Publications (5 major works selected)

  1. “Comparative Analysis on Environmental Evaluation of Economic Indicators in Sustainable Indicators,” (in Japanese) Yokohama Journal of Social Sciences, Vol. 16, pp. 323-337, 2011.
  2. “Reconsiderations on China's Iron and Steel Industrial Policy: Evaluation of 'Picking-the winners' Policy,” (in Japanese) Monthly Journal of Institute of Developing Economies, Japan External Trade Organization, Vol. 50, pp.32-63, 2009.
  3. “Factor Productivity and Environmental Load: Factor Analysis using China Input-Output Tables,” (in Japanese) Monthly Journal of Chinese Affairs, Vol. 63, pp.1-12, 2009.
  4. “Technology and Environment,” (in Japanese) Political Economy Quarterly, Vol. 44, pp.88-93, 2007.
  5. “Trial Compilation and Analysis of China's 1997 Input-Output Tables for the Analysis of CO2, SO2 and Energy,” (in Japanese) Annual Report of the Economic Society, Vol. 64, pp. 213-225, 2002.
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ZHANG, Xinyuan

Associate Professor
Degree: Ph.D. in Economics, University of Tokyo, Japan
Fields: World Economy, Chinese Economy

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List of Publications (5 major works selected)

  1. “The Role of Middlemen in China's Corn Market: A Case Study of Jilin Province,” Asian Studies, Vol. 56(4), pp.18-34, 2010 (in Japanese).
  2. The Development of China's Corn Industry, Keiso Shobo, Tokyo, 2014 (in Japanese).
  3. “China's Exports of Dry Beans: The Reverse Side of the Domestic Grain Market,” Journal of Social Science (University of Tokyo), Vol.66 (1), pp.107-127, 2014.
  4. Adzuki and East Asia, Ochanomizu Shobo, Tokyo, 2016 (coedited with T. Tajma and H. Li, in Japanese).
  5. China Grain Data Assembly, ISS Contemporary Chinese Studies No. 16, University of Tokyo, 2016.
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