Global COE Hi-Stat

What's New
Prof. Daiji Kawaguchi's column, “The reduction of school days in Japan increased educational inequality,” has been posted on the VoxEU.org by the Centre for Economic Policy Research.

Discussion Paper No. 279
Dukpa Kim and Yohei Yamamoto
Time Instability of the U.S. Monetary System: Multiple Break Tests and Reduced Rank TVP VAR

January 31, 2013

Upcoming Seminars
Global COE Seminar (February 8, 2013)

January 27, 2013

Discussion Papers No. 276, 277, 278
Yuta Koike
Limit Theorems for the Pre-averaged Hayashi-Yoshida Estimator with Random Sampling
Hiroshi Morita
External Shocks and Japanese Business Cycles: Evidence from a Sign-Restricted VAR
Yukinobu Kitamura
Human Growth Pattern: Observations from the Longitudinal Survey of Babies in 21st Century in Japan

January 23, 2013

Hi-Stat Vox No. 26
Hitotsubashi University Policy Forum/Global COE Open Forum, “What's the Use of Economics?”
Yukinobu Kitamura
Professor, Institute of Economic Research, Hitotsubashi University

January 21, 2013

Discussion Papers No. 273, 274, 275
Masato Ubukata and Toshiaki Watanabe
Pricing Nikkei 225 Options Using Realized Volatility
Yukinobu Kitamura
Value Added Tax Revisited: Toward a Reasonable Consumption Tax Reform in Japan
Shintaro Yamaguchi
Changes in Returns to Task-Specific Skills and Gender Wage Gap

January 17, 2013

Hi-Stat Vox No. 25
The Reduction of School Days in Japan Increased Educational Inequality
Daiji Kawaguchi
Associate Professor, Faculty of Economics, Hitotsubashi University

Discussion Paper No. 271
Fewer School Days, More Inequality
Daiji Kawaguchi

January 7, 2013

Discussion Papers No. 270, 272
Jun-Hyung Ko and Hiroshi Morita
Regime Switches in Japanese Fiscal Policy: Markov-Switching VAR Approach
Hiroshi Kato, Haruka Usuki, and Erina Iwasaki
Urban Society of Amman - Report of the Amman Household Survey 2008

December 20, 2012

What's New
The Japan Industrial Productivity Database 2012 (JIP Database 2012) has been released.

Discussion Papers No. 268, 269
Jean Jacod and Mark Podolskij
A Test for the Rank of the Volatility Process: The Random Perturbation Approach
Peter Reinhard Hansen, Asger Lunde, and Valeri Voev
Realized Beta GARCH: A Multivariate GARCH Model with Realized Measures of Volatility and Covolatility

December 10, 2012

Upcoming Seminars
Workshop on Intangibles, Innovation Policy and Economic Growth (December 17-18, 2012)

Discussion Papers No. 266, 267
Torben G. Andersen, Nicola Fusari, and Viktor Todorov
Parametric Inference and Dynamic State Recovery from Option Panels
Kyoji Fukao and Tangjun Yuan
China's Economic Growth, Structural Change and the Lewisian Turning Point

December 3, 2012

Discussion Papers No. 263, 264, 265
Kazuko Kano
Menu Costs and Dynamic Duopoly
Andras Fulop, Junye Li, and Jun Yu
Investigating Impacts of Self-Exciting Jumps in Returns and Volatility: A Bayesian Learning Approach
Kawaguchi Daiji and Haruko Noguchi
Low Birth Weight: Its Causes and Consequences

November 29, 2012

Discussion Papers No. 260, 261, 262
Hiroyuki Okamuro and Kenta Ikeuchi
Work-Life Balance and Gender Differences in Self-Employment Income during the Start-up Stage in Japan
Hiroyuki Okamuro and Kenta Ikeuchi
Who Is Willing to Continue Business Start-up? An Empirical Analysis on the Founders' Willingness Based on Anonymous Micro Data of the “Employment Status Survey”
Takashi Kurosaki and Kyosuke Kurita
Consumption Inequality and the Age of Household Heads in Developing Countries: A Comparative Study of Thailand, India, and Pakistan

November 26, 2012

What's New
Professor Kyoji Fukao Awarded the 55th Nikkei Economics Book Award
Professor Kyoji Fukao, Leader of the Global COE Hi-Stat Program, won the 55th (2012) Nikkei Economics Book Award for his book, The Structural Causes of Japan's “Two Lost Decades”: Forging a New Growth Strategy (in Japanese, Nikkei Publishing Inc., 2012).

November 19, 2012

What's New
The Hitotsubashi GCOE Conference on International Trade and FDI 2012 will be held on December 8-9, 2012.

Discussion Papers No. 257, 258, 259
Yuko Mori
Voter Turnout and the Principle of “One Person, One Vote”: Empirical Evidence from the Constituency Freeze in India
Pierre Perron and Yohei Yamamoto
On the Usefulness or Lack Thereof of Optimality Criteria for Structural Change Tests
Kasahara Hiroyuki and Shimotsu Katsumi
Testing the Number of Components in Finite Mixture Models

November 12, 2012

What's New
The Third International Conference “High-Frequency Data Analysis in Financial Markets” will be held on November 16-18, 2012.
The program and abstracts of papers can be found on this web page.

Discussion Papers No. 254, 255, 256
Kaixiang Peng
Rationality, Market and Rural Credit: Case of Fude Association
Eiji Ogawa and Zhiqian Wang
The AMU Deviation Indicators Based on the Purchasing Power Parity and Adjusted by the Balassa-Samuelson Effect
Eiji Kurozumi, Daisuke Yamazaki, and Kaddour Hadri
Covariate Unit Root Test for Cross-Sectionally Dependent Panel Data

November 8, 2012

Upcoming Seminars
The Third International Conference “High-Frequency Data Analysis in Financial Markets” (November 16-18, 2012)

November 5, 2012

Discussion Papers No. 251, 252, 253
Max Meulemann, Martin Uebele, and Bernd Wilfling
The Restoration of the Gold Standard after the US Civil War: A Volatility Analysis
Hui-min Lai
The Economic Significance of the Imperial Household Department in the Qianlong Period
Myung Soo Cha
Wage Convergence and Divergence in East Asia, 1900-39

October 29, 2012

Discussion Papers No. 248, 249, 250
Hiroaki Chigira and Tsunemasa Shiba
Dirichlet Prior for Estimating Unknown Regression Error Heteroscedasticity
Yohei Yamamoto
Bootstrap Inference for Impulse Response Functions in Factor-Augmented Vector Autoregressions
Yohei Yamamoto and Pierre Perron
Estimating and Testing Multiple Structural Changes in Linear Models Using Band Spectral Regressions

October 11, 2012

Discussion Papers No. 246, 247
Kazuko Kano, Takashi Kano, and Kazutaka Takechi
The Price of Distance: Producer Heterogeneity, Pricing to Market, and Geographic Barriers
Kasahara Hiroyuki and Shimotsu Katsumi
Nonparametric Identification and Estimation of the Number of Components in Multivariate Mixtures

October 4, 2012

Upcoming Seminars
Hitotsubashi GCOE Conference on International Trade and FDI 2012 (December 8-9, 2012)

October 1, 2012

Discussion Papers No. 244, 245
Hiroshi Sato and Sai Ding
Ethnicity and Income in China: The Case of Ningxia
Kazuko Kano, Takashi Kano, and Kazutaka Takechi
Exaggerated Death of Distance: Revisiting Distance Effects on Regional Price Dispersions

September 27, 2012

Hi-Stat Vox No. 24
Taxing the 1%: Why the top tax rate could be over 80%
Thomas Piketty (Paris School of Economics and CEPR)
Emmanuel Saez (University of California, Berkeley)
Stefanie Stantcheva (Massachusetts Institute of Technology)

September 24, 2012

Discussion Paper No. 243
Ken Yamada and Daiji Kawaguchi
Changing Unchanged Inequality: Higher Education, Youth Population, and the Japanese Seniority Wage System

September 18, 2012

Upcoming Seminars
Global COE Seminar (October 2, 2012)

Discussion Papers No. 242
Makoto Takahashi, Yasuhiro Omori, and Toshiaki Watanabe
News Impact Curve for Stochastic Volatility Models

September 6, 2012

What's New
2012 Asian Historical Economics Conference
The program has been updated and papers can be viewed at the conference website.

September 3, 2012

Discussion Papers No. 240, 241
Eiji Satoh
Consolidation and Scale Economies in the Japanese Sewerage Industry
Asuka Takeuchi-Nogimori
An Empirical Analysis of the Nikkei 225 Put Options Using Realized GARCH Models

Young Researcher Profiles

August 27, 2012

Global COE Hi-Stat Newsletter No. 8

August 23, 2012

Young Researcher Profiles

July 30, 2012

Discussion Paper No. 239
Kazuhiro Kumo
Mortality Trends in Russia Revisited: A Survey

July 23, 2012

Discussion Papers No. 237, 238
Takeshi Nishimura
Bundling Decision in Procurement Auctions with Risk-Averse Suppliers
Takeshi Nishimura
Optimal Design of Scoring Auction with Multidimensional Quality

July 9, 2012

Discussion Paper No. 236
Lee Hun-Chang
The Korean Economy in the Eighteenth Century: Laying the Foundation for Modern Economic Growth

June 29, 2012

Discussion Paper No. 235
Ichiro Iwasaki
Long-Term Development Path of the Second Industry in Central Asia

June 28, 2012

Upcoming Seminars
8th Annual Meeting of the Asia Pacific Trade Seminars (APTS) (July 2-3, 2012)

June 25, 2012

What's New
2012 Asian Historical Economics Conference
The preliminary program for the 2012 Asian Historical Economics Conference (AHEC) to be held September 13-15, 2012 is now available.

June 21, 2012

What's New
Papers presented at the Hitotsubashi Conference on International Trade and Industrial Organization have been published in the special issue of The Japanese Economic Review.
The Global COE Hi-Stat Program, the Center for Research on Contemporary Economic Systems at Hitotsubashi University, Osaka University Global COE Program, and the Grant-in-Aid for Scientific Research (A) organized the Hitotsubashi Conference on International Trade and Industrial Organization held on July 31 and August 1, 2010. Nine papers presented at this conference have been published in The Japanese Economic Review, vol. 63, no. 2 (June 2012).

June 18, 2012

Hi-Stat Vox No. 23
Natural Disasters and Firm Dynamics: Lessons from the Kobe Earthquake
Iichiro Uesugi
Associate Professor, Institute of Economic Research, Hitotsubashi University

May 31, 2012

Discussion Paper No. 234
Takako Kimura
Nuclear Energy in Asia: Safety Post-Fukushima

May 7, 2012

Discussion Paper No. 233
Taisuke Uchino and Iichiro Uesugi
The Effects of a Megabank Merger on Firm-Bank Relationships and Borrowing Costs

April 26, 2012

Upcoming Seminars
2012 Asian Historical Economics Conference (AHEC) (September 13-15, 2012)

April 23, 2012

What's New
Opportunities
COE Visiting Young Researcher

Discussion Paper No. 232
Jouchi Nakajima and Toshiaki Watanabe
Time-Varying Vector Autoregressive Model - A Survey with the Application to the Japanese Macroeconomic Data -

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