Keio Economic Observatory(KEO)

Research output

Research output per year 2004 2014 2017 2022 2022

• 52 Article
• 12 Chapter
• 4 Comment/debate
• 1 Review article

Research output per year

Research output per year

Search results

• 2022

  Adjusting to China competition: Evidence from Japanese plant-product-level data

  Bellone, F., Hazir, C. S. & Matsuura, T., 2022 Aug, In: Review of International Economics. 30, 3, p. 732-763 32 p.

  Research output: Contribution to journal › Article › peer-review

  • plant product 100%
  • Manufacturing Plant 71%
  • Import Competition 45%
  • import 40%
  • manufacturing 40%

• Empirical likelihood inference for Oaxaca–Blinder decomposition

  Otsu, T. & Tanaka, S., 2022 Oct, In: Economics Letters. 219, 110812.

  Research output: Contribution to journal › Article › peer-review

  • Empirical Likelihood 100%
  • Decomposition 79%
  • Inference 59%
  • Delta Method 56%
  • Linearization 52%

• Erratum to ‘Political conflict and angry consumers: Evaluating the regional impacts of a consumer boycott on travel services trade’ [Journal of the Japanese and International Economies 65 (2022) Article Number 101216] (Journal of The Japanese and International Economies (2022) 65, (S0889158322000259), (10.1016/j.jjie.2022.101216))

  Ahn, J. B., Greaney, T. M. & Kiyota, K., 2022 Dec, In: Journal of The Japanese and International Economies. 66, 101227.

  Research output: Contribution to journal › Comment/debate › peer-review

  Open Access

  • Consumer Boycott 100%
  • International Economy 95%
  • Political Conflict 92%
  • boycott 85%
  • Services Trade 82%

• Factor intensity reversals redux: Feenstra is right!

  Kiyota, K. & Kurokawa, Y., 2022 Sep, In: Review of International Economics. 30, 4, p. 885-914 30 p.

  Research output: Contribution to journal › Article › peer-review

  Open Access

  • Factor Intensity 100%
  • Reversal 77%
  • industry 34%
  • human capital 25%
  • international trade 23%

• Foreign direct investment and labor demand by skill in Indonesian manufacturing firms

  Matsuura, T. & Saito, H., 2022, (Accepted/In press) In: Review of World Economics.

  Research output: Contribution to journal › Article › peer-review

  Open Access

  • Labour Demand 70%
  • Manufacturing Firms 52%
  • Unskilled Workers 39%
  • Skilled Workers 34%
  • Foreign Firms 32%

• Heterogeneous impact of import competition on firm organisation: Evidence from Japanese firm-level data

  Matsuura, T., 2022 Jul, In: World Economy. 45, 7, p. 2251-2269 19 p.

  Research output: Contribution to journal › Article › peer-review

  • Import Competition 100%
  • Japanese Firms 82%
  • Firm-level Data 78%
  • import 67%
  • firm 57%

• Inference on conditional moment restriction models with generated variables

  Kimoto, R. & Otsu, T., 2022 Jun, In: Economics Letters. 215, 110454.

  Research output: Contribution to journal › Article › peer-review

  • Conditional Moment Restrictions 100%
  • Inference 52%
  • Specification Testing 32%
  • Statistical Inference 29%
  • GMM Estimator 27%

• Inference on incomplete information games with multi-dimensional actions

  Tomiyama, H. & Otsu, T., 2022 Jun, In: Economics Letters. 215, 110440.

  Research output: Contribution to journal › Article › peer-review

  • Games with Incomplete Information 100%
  • Inference 58%
  • Multiple Equilibria 26%
  • Uniqueness 22%

• Intrafirm trade, input–output linkage, and contractual frictions: evidence from Japanese affiliate-level data

  Matsuura, T., Ito, B. & Tomiura, E., 2022, (Accepted/In press) In: Review of World Economics.

  Research output: Contribution to journal › Article › peer-review

  • Intra-firm Trade 100%
  • Friction 70%
  • Linkage 65%
  • Japanese multinational Enterprises 27%
  • Vertical Linkages 25%
  1 Citation (Scopus)

• Political conflict and angry consumers: Evaluating the regional impacts of a consumer boycott on travel services trade

  Ahn, J. B., Greaney, T. M. & Kiyota, K., 2022 Sep, In: Journal of The Japanese and International Economies. 65, 101216.

  Research output: Contribution to journal › Article › peer-review

  Open Access

  • Consumer Boycott 100%
  • Political Conflict 92%
  • boycott 85%
  • Services Trade 82%
  • political conflict 73%

• The COVID-19 pandemic and domestic travel subsidies

  Matsuura, T. & Saito, H., 2022 Jan, In: Annals of Tourism Research. 92, 103326.

  Research output: Contribution to journal › Article › peer-review

  Open Access

  • pandemics 100%
  • subsidy 81%
  • travel 68%
  • tourism 67%
  • Tourism 63%
  9 Citations (Scopus)

• The COVID-19 pandemic and the world trade network

  Kiyota, K., 2022 Feb, In: Journal of Asian Economics. 78, 101419.

  Research output: Contribution to journal › Article › peer-review

  Open Access

  • World Trade 100%
  • Centrality 33%
  • Relative Importance 32%
  • Trade Linkages 25%
  • Global Trade 25%
  1 Citation (Scopus)

• Welfare gains through globalization: Evidence from Japan's manufacturing sector

  Aoyagi, T., Ito, T. & Matsuura, T., 2022 Jun, In: Journal of The Japanese and International Economies. 64, 101193.

  Research output: Contribution to journal › Article › peer-review

  Open Access

  • manufacturing sector 100%
  • Welfare Gains 80%
  • Manufacturing Sector 62%
  • Globalization 59%
  • welfare 55%
• 2021

  Sample sensitivity for two-step and continuous updating GMM estimators

  Onishi, R. & Otsu, T., 2021 Jan, In: Economics Letters. 198, 109685.

  Research output: Contribution to journal › Article › peer-review

  • GMM Estimator 100%
  • Consumption-based Asset Pricing 37%
  • Perturbation 28%
  • Asset Pricing Models 27%
  • Violations 24%
  1 Citation (Scopus)

• The China syndrome: A cross-country evidence

  Kiyota, K., Maruyama, S. & Taniguchi, M., 2021 Sep, In: World Economy. 44, 9, p. 2758-2792 35 p.

  Research output: Contribution to journal › Article › peer-review

  Open Access

  • import 100%
  • China 82%
  • Import Penetration 76%
  • Import Competition 74%
  • Advanced Countries 60%
  2 Citations (Scopus)

• Trade in goods with internationalised production activities

  Matsuura, T. & Obashi, A., 2021 Jan 1, Handbook on East Asian Economic Integration. Edward Elgar Publishing Ltd., p. 66-87 22 p.

  Research output: Chapter in Book/Report/Conference proceeding › Chapter

  • value chain 100%
  • Goods 67%
  • Value Chain 40%
  • firm 32%
  • crowding out 30%
• 2020

  Do regional trade agreements really help global value chains develop? evidence from Thailand

  Hayakawa, K., Laksanapanyakul, N. & Matsuura, T., 2020 Dec, In: Journal of The Japanese and International Economies. 58, 101092.

  Research output: Contribution to journal › Article › peer-review

  • Regional Trade Agreements 100%
  • value chain 90%
  • Global Value Chains 86%
  • Thailand 84%
  • trade agreement 81%
  2 Citations (Scopus)

• Japan's outward FDI potential

  Greaney, T. M. & Kiyota, K., 2020 Sep, In: Journal of The Japanese and International Economies. 57, 101073.

  Research output: Contribution to journal › Article › peer-review

  • Outward FDI 100%
  • Japan 53%
  • OECD 23%
  • Gravity Model 22%
  • Organisation for Economic Cooperation and Development 17%
  2 Citations (Scopus)

• Kolmogorov–Smirnov type test for generated variables

  Otsu, T. & Taniguchi, G., 2020 Oct, In: Economics Letters. 195, 109401.

  Research output: Contribution to journal › Article › peer-review

  • Homogeneity 100%
  • Total Factor Productivity 87%
  • Bootstrap Inference 78%
  • Estimation Error 59%
  • Economic Variables 47%
  8 Citations (Scopus)

• Multinationals, intra-firm trade and employment volatility

  Kiyota, K., Matsuura, T. & Higuchi, Y., 2020 Aug 1, In: Canadian Journal of Economics. 53, 3, p. 982-1015 34 p.

  Research output: Contribution to journal › Article › peer-review

  • Intra-firm Trade 100%
  • Commerce 61%
  • Multinationals 57%
  • Wholesale Trade 41%
  • Supply Shocks 17%
  1 Citation (Scopus)

• Revisiting complementarity between Japanese FDI and the import of intermediate goods: Agglomeration effects and parent-firm heterogeneity

  Ito, T., Matsuura, T. & Yang, C. H., 2020 Oct 1, In: Asian Economic Papers. 19, 3, p. 90-106 17 p.

  Research output: Contribution to journal › Article › peer-review

  • Agglomeration Effect 82%
  • Firm Heterogeneity 75%
  • direct investment 73%
  • Intermediate Goods 73%
  • Complementarity 70%
  2 Citations (Scopus)

• The gravity model and trade in intermediate inputs

  Greaney, T. M. & Kiyota, K., 2020 Aug 1, In: World Economy. 43, 8, p. 2034-2049 16 p.

  Research output: Contribution to journal › Article › peer-review

  • Gravity Model 100%
  • Trade Flows 22%
  • Goods 21%
  • Sample Selection 19%
  • Model Misspecification 14%
  6 Citations (Scopus)
• 2019

  Benchmark 2011 integrated estimates of the Japan-US price-level index for industry outputs

  Nomura, K., Miyagawa, K. & Samuels, J. D., 2019 Nov 6, Measuring Economic Growth and Productivity: Foundations, KLEMS Production Models, and Extensions. Elsevier Inc., p. 251-281 31 p.

  Research output: Chapter in Book/Report/Conference proceeding › Chapter

  • Price Level 100%
  • Purchasing Power Parity 90%
  • Benchmark 79%
  • Japan 71%
  • Integrated 60%

• Potential for inward foreign direct investment in Japan

  Hoshi, T. & Kiyota, K., 2019 Jun, In: Journal of The Japanese and International Economies. 52, p. 32-52 21 p.

  Research output: Contribution to journal › Article › peer-review

  • direct investment 73%
  • foreign investment 67%
  • Japan 46%
  • Destination 32%
  • Gravity Model 19%
  6 Citations (Scopus)

• R&D and patenting activities of foreign firms in China: The case of Japan

  Yang, C. H., Matsuura, T. & Ito, T., 2019 Mar, In: Japan and The World Economy. 49, p. 151-160 10 p.

  Research output: Contribution to journal › Article › peer-review

  • patenting activity 100%
  • Patenting 69%
  • Foreign Firms 64%
  • research and development 57%
  • Patents 55%
  6 Citations (Scopus)

• WHAT'S BEHIND THE FIGURES? QUANTIFYING THE CROSS-COUNTRY EXPORTER PRODUCTIVITY GAP

  Kiyota, K., Matsuura, T. & Nesta, L., 2019 Jul, In: Economic Inquiry. 57, 3, p. 1256-1271 16 p.

  Research output: Contribution to journal › Article › peer-review

  • Productivity Gap 100%
  • Exporters 66%
  • Allocative Efficiency 28%
  • Firm Productivity 28%
  • Participation Rate 27%
  1 Citation (Scopus)
• 2018

  Comment on “Has Abenomics Succeeded in Raising Japan's Inward Foreign Direct Investment?”

  Kiyota, K., 2018 Jan, In: Asian Economic Policy Review. 13, 1, p. 171-172 2 p.

  Research output: Contribution to journal › Comment/debate › peer-review
  1 Citation (Scopus)

• Comments by Kozo Kiyota, on education development and wage inequality in Urban China

  Kiyota, K., 2018 Jun 1, In: Asian Economic Papers. 17, 2, p. 152-153 2 p.

  Research output: Contribution to journal › Comment/debate › peer-review

• Labor market imperfections, markups and productivity in multinationals and exporters

  Dobbelaere, S. & Kiyota, K., 2018 Aug, In: Labour Economics. 53, p. 198-212 15 p.

  Research output: Contribution to journal › Article › peer-review

  • Labor Market Imperfections 100%
  • Markups 70%
  • Exporters 58%
  • Multinationals 55%
  • Product Market 42%
  14 Citations (Scopus)

• On the demand for female workers in Japan: The role of ICT and offshoring

  Kiyota, K. & Maruyama, S., 2018 Jun 1, In: Asian Economic Papers. 17, 2, p. 25-46 22 p.

  Research output: Contribution to journal › Article › peer-review

  • Information and Communication Technology 100%
  • female worker 95%
  • Offshoring 81%
  • communication technology 58%
  • Japan 53%
  4 Citations (Scopus)

• Productivity growth in Asia and its country origins

  Nomura, K., 2018 Jan 1, Productivity Dynamics in Emerging and Industrialized Countries. Taylor and Francis, p. 81-112 32 p.

  Research output: Chapter in Book/Report/Conference proceeding › Chapter

  • productivity 100%
  • Productivity 96%
  • economy 75%
  • financial crisis 46%
  • economic growth 21%
  1 Citation (Scopus)
• 2017

  Comments by Kozo Kiyota, on the Global Productivity Slump: Common and Country-Specific Factors

  Kiyota, K., 2017 Nov 1, In: Asian Economic Papers. 16, 3, p. 44-45 2 p.

  Research output: Contribution to journal › Comment/debate › peer-review

• Does Trade Liberalization Boost Quality Upgrading? Evidence From Indonesian Plant-Product-Level Data

  Hayakawa, K., Matsuura, T. & Takii, S., 2017 Sep, In: Developing Economies. 55, 3, p. 171-188 18 p.

  Research output: Contribution to journal › Article › peer-review

  • trade liberalization 100%
  • plant product 88%
  • product quality 78%
  • tariff 74%
  • Upgrading 57%
  5 Citations (Scopus)

• FTA use in export-platform FDI: Evidence from exports to China by Japanese affiliates in ASEAN

  Hayakawa, K. & Matsuura, T., 2017 Aug, In: Journal of Southeast Asian Economies. 34, 2, p. 266-282 17 p.

  Research output: Contribution to journal › Article › peer-review

  • Small and Medium-sized Enterprises (SMEs) 98%
  • small and medium-sized enterprise 91%
  • direct investment 73%
  • ASEAN 72%
  • foreign investment 67%
  2 Citations (Scopus)

• ICT, offshoring, and the demand for part-time workers: The case of Japanese manufacturing

  Kiyota, K. & Maruyama, S., 2017 Feb 1, In: Journal of Asian Economics. 48, p. 75-86 12 p.

  Research output: Contribution to journal › Article › peer-review

  • Information and Communication Technology 100%
  • Offshoring 81%
  • Manufacturing 67%
  • Workers 53%
  • Low-Skilled Workers 49%
  4 Citations (Scopus)

• Impact of Extensive and Intensive Margins of Foreign Direct Investment on Domestic Corporate Performance: Evidence from Japanese Automobile Parts Suppliers

  Matsuura, T., 2017 Jun 1, In: Asian Economic Papers. 16, 2, p. 187-209 23 p.

  Research output: Contribution to journal › Review article › peer-review

  • corporate performance 100%
  • Intensive Margin 73%
  • Extensive Margin 71%
  • direct investment 69%
  • Automobile 66%

• The effect of moving to a territorial tax system on profit repatriation: Evidence from Japan

  Hasegawa, M. & Kiyota, K., 2017 Sep, In: Journal of Public Economics. 153, p. 92-110 19 p.

  Research output: Contribution to journal › Article › peer-review

  • Tax System 100%
  • Repatriation 91%
  • Dividends 61%
  • Japan 47%
  • Exemption 47%
  19 Citations (Scopus)

• The Global Value Chain and the Competitiveness of Asian Countries

  Kiyota, K., Oikawa, K. & Yoshioka, K., 2017 Nov 1, In: Asian Economic Papers. 16, 3, p. 257-281 25 p.

  Research output: Contribution to journal › Article › peer-review

  • Competitiveness 100%
  • value chain 94%
  • Global Value Chains 89%
  • competitiveness 73%
  • Asian Countries 73%
  7 Citations (Scopus)

• Trade Liberalization, Market Share Reallocation, and Aggregate Productivity: The Case of the Indonesian Manufacturing Industry

  Hayakawa, K. & Matsuura, T., 2017 Sep, In: Developing Economies. 55, 3, p. 230-249 20 p.

  Research output: Contribution to journal › Article › peer-review

  • trade liberalization 100%
  • Aggregate Productivity 75%
  • market share 73%
  • Reallocation 62%
  • Trade Liberalization 57%
  2 Citations (Scopus)
• 2016

  A half century of trans-pacific competition: Price level indices and productivity gaps for Japanese and US industries, 1955-2012

  Jorgenson, D. W., Nomura, K. & Samuels, J. D., 2016 Jan 1, The World Economy: Growth or Stagnation?. Cambridge University Press, p. 469-507 39 p.

  Research output: Chapter in Book/Report/Conference proceeding › Chapter

  • Productivity Gap 100%
  • Price Level 71%
  • Japan 44%
  • Exchange Rates 39%
  • Purchasing Power Parity 30%
  8 Citations (Scopus)

• Assessing the effects of Japanese industrial policy change during the 1960s

  Kiyota, K. & Okazaki, T., 2016 Jun 1, In: Journal of The Japanese and International Economies. 40, p. 31-42 12 p.

  Research output: Contribution to journal › Article › peer-review

  • industrial policy 100%
  • Real Output 91%
  • Industrial Policy 79%
  • Import Quotas 73%
  • import 47%
  9 Citations (Scopus)

• Exports and Employment in China, Indonesia, Japan, and Korea

  Kiyota, K., 2016 Jan 1, In: Asian Economic Papers. 15, 1, p. 57-72 16 p.

  Research output: Contribution to journal › Article › peer-review

  • Korea 100%
  • Indonesia 94%
  • Japan 81%
  • China 66%
  • industry 42%
  10 Citations (Scopus)

• How Does FDI Affect Productivity at Home? Evidence from a Plant-Level Analysis

  Hayakawa, K., Matsuura, T. & Motohashi, K., 2016 Dec 1, In: Journal of Industry, Competition and Trade. 16, 4, p. 403-422 20 p.

  Research output: Contribution to journal › Article › peer-review

  • Productivity 36%
  • Factor Prices 18%
  • Productivity Improvement 17%
  • Firm-level Data 16%
  • East Asia 16%
  3 Citations (Scopus)

• Misallocation and productivity: The case of Vietnamese manufacturing

  Ha, D. T. T., Kiyota, K. & Yamanouchi, K., 2016 Sep, In: Asian Development Review. 33, 2Special Issue, p. 94-118 25 p.

  Research output: Contribution to journal › Article › peer-review

  Open Access

  • Misallocation 100%
  • Total Factor Productivity 99%
  • total factor productivity 86%
  • Manufacturing 75%
  • manufacturing 73%
  8 Citations (Scopus)
• 2015

  Disemployment caused by foreign direct investment? Multinationals and Japanese employment

  Kambayashi, R. & Kiyota, K., 2015 Aug 28, In: Review of World Economics. 151, 3, p. 433-460 28 p.

  Research output: Contribution to journal › Article › peer-review

  • Multinationals 53%
  • Japan 43%
  • Domestic Labor 22%
  • Investment Goods 21%
  • Labor 20%
  11 Citations (Scopus)

• Firm-level impacts of natural disasters on production networks: Evidence from a flood in Thailand

  Hayakawa, K., Matsuura, T. & Okubo, F., 2015 Dec 1, In: Journal of The Japanese and International Economies. 38, p. 244-259 16 p.

  Research output: Contribution to journal › Article › peer-review

  • Natural Disasters 100%
  • Production Networks 98%
  • Thailand 92%
  • natural disaster 77%
  • firm 64%
  8 Citations (Scopus)

• Product and labor market imperfections and scale economies: Micro-evidence on France, Japan and the Netherlands

  Dobbelaere, S., Kiyota, K. & Mairesse, J., 2015 May 1, In: Journal of Comparative Economics. 43, 2, p. 290-322 33 p.

  Research output: Contribution to journal › Article › peer-review

  • Labor Market Imperfections 100%
  • Scale Economies 73%
  • Product Market 59%
  • The Netherlands 57%
  • France 52%
  16 Citations (Scopus)

• Trade liberalization in Asia and FDI strategies in heterogeneous firms: Evidence from Japanese firm-level data

  Hayakawa, K. & Matsuura, T., 2015 Apr 1, In: Oxford Economic Papers. 67, 2, p. 494-513 20 p.

  Research output: Contribution to journal › Article › peer-review

  • Japanese Firms 70%
  • Firm-level Data 66%
  • Trade Liberalization 61%
  • Investment Strategy 60%
  • Asian Countries 35%
  7 Citations (Scopus)
• 2014

  Agglomeration effects of inter-firm backward and forward linkages: Evidence from Japanese manufacturing investment in China

  Yamashita, N., Matsuura, T. & Nakajima, K., 2014 Dec, In: Journal of The Japanese and International Economies. 34, p. 24-41 18 p.

  Research output: Contribution to journal › Article › peer-review

  • Agglomeration Effect 100%
  • Backward Linkages 99%
  • Agglomeration 98%
  • Linkage 75%
  • agglomeration area 71%
  15 Citations (Scopus)

• Effect of work-life balance practices on firm productivity: Evidence from Japanese firm-level panel data

  Yamamoto, I. & Matsuura, T., 2014 Oct 1, In: B.E. Journal of Economic Analysis and Policy. 14, 4, p. 1677-1708 32 p.

  Research output: Contribution to journal › Article › peer-review

  • Work-life Balance 100%
  • Firm Productivity 98%
  • Japanese Firms 96%
  • Total Factor Productivity 67%
  • Panel Data 62%
  12 Citations (Scopus)