International exchanges in December | Workshops and other events in December | Presentation by a Visiting Scholar | Seminars and other events in December | Publication in December | PRI TOPICS (monthly)
|December 6 (Friday): Holding a Japan-China Finance and Economy Think Tank Forum|
The Policy Research Institute (PRI) held a Japan-China Finance and Economy Think Tank Forum jointly with the Chinese Academy of Fiscal Sciences (CAFS), a major think tank in China. Under the theme of “Structural Reform and Fiscal Sustainability on Aging Society,” the participants made presentations and discussions on the subjects of “Aging and Community” and “Social Security and Fiscal Sustainability.”
|【The forum】||【Group photo of the participants】|
|December 16 (Monday): Meeting between Executive Vice President TAKAMI, |
PRI and Vice President Dutta , National Institute of Finance (NIF), Vietnam
PRI Executive Vice President TAKAMI met NIF Vice President Dutta from Vietnam, as PRI has been engaged in research exchange with NIF. After the meeting, PRI provided some members of the delegation with a lecture on “Current Status and Challenges of Japan’s Fiscal Policy.”
|【Photo: (left) Executive Vice President TAKAMI; (right) His counterpart Dutta】|
|Research Debrief Session|
PRI holds research debrief sessions mainly in order to present discussion papers and other studies.
The following sessions were held in December.
|December 10 (Tuesday)|
|Analysis of Relation among Company Size, Wages, and Labor Productivity (Analysis Using Individual Data of Financial Statements Statistics of Corporations by Industry and Business Outlook Survey)|
OKU Ai (Chief Economist, Research and Administration Department, PRI)
INOUE Shun (Researcher, Research and Administration Department, PRI)
MASUI Tsubasa (Officer, Office of Econometric Analysis for Fiscal and Economic Policy, Research and Administration Department, PRI)
TAKIZAWA Miho (Associate Professor, Faculty of Economics, Gakushuin University)
|December 19 (Thursday)|
| Title ：|
|Intertemporal Elasticity of Substitution with Leisure Margin|
YAGIHASHI Takeshi (Senior Economist, Research and Administration Department, PRI)
|December 24 (Tuesday): The 1st India Workshop in FY2019|
Considering the latent growth potential of India, PRI has been holding India Workshops by inviting external experts as lecturers, with a focus on deepening the awareness of the current situation and policies of the Indian economy in the Ministry of Finance.
At the 1st India Workshop in FY2019, Mr. NISHIHAMA Toru (Chief Economist, Economic Research Department, Dai-ichi Life Research Institute Inc.) gave a lecture entitled “Future Outlook and Challenges for the Indian Economy under Modi’s Second-term Administration,” which was followed by a Q&A session on the subject and a free discussion.
|December 26 (Thursday): The 2nd China Workshop in FY2019|
PRI has been holding China Workshops for the purpose of surveying and studying China’s political and economic situations.
At the 2nd China Workshop in FY2019, Mr. TANAKA Osamu (PRI Advisor on Research Exchange with China) and Ms. OKAZAKI Kumiko (Research Director, The Canon Institute for Global Studies) gave lectures entitled “Macroeconomic Policies for 2020,” and “Progress in China’s Financial System Reform and Possibility of Japan-China Cooperation,” respectively. The lectures were followed by a Q&A session on the subjects and a free discussion.
|December 20 (Friday): Ms. Swe Zin Maw, Assistant Director of Division, Budget Department, |
Myanmar’s Ministry of Planning and Finance)
Ms. Swe Zin Maw, who is currently with us as a PRI visiting scholar, presented her research work on December 20 (Friday), under the theme of “How can Myanmar enhance its aggregate fiscal discipline from medium-term to long-term?”
PRI invites a broad range of experts from Japan and overseas to hear cutting-edge information that will be useful in contributing to the MOF’s policy planning. The following lecture was held in December.
|December 20 (Friday)|
|Roles and Challengers of Diversifying ESG Information Disclosure Standards, etc.|
HAYASHI Toshikazu (Chief Analyst, ESG Investment Promotion Office/Investment Research Office, Nissay Asset Management Corporation)
|【Mr. HAYASHI Toshikazu】|
|Analysis of Relation among Company Size, Wages, and Labor Productivity(PDF:1142KB)|
Chief Economist, Research and Administration Department, PRI
Researcher, Research and Administration Department, PRI
Officer, Office of Econometric Analysis for Fiscal and Economic Policy, Research and Administration Department, PRI
We analyzed the relation among company size, wages, and labor productivity by using individual data of the latest available FY2018 Financial Statements Statistics of Corporations by Industry and Business Outlook Survey. For analysis, we divided the data into two industries: manufacturing and service industries. As a result, we have found that (1) in the manufacturing industry, the larger the company size, the higher both wages and labor productivity; (2) in large-sized companies (with 250 employees or more) in the service industry, company size, wages, and labor productivity are not related as strongly as in the manufacturing industry; and (3) in both the manufacturing and service industries, labor productivity and wages are positively correlated.
|No. 6 of 2019 (No. 141 [consecutive])|
Special Edition: “Empirical Analysis of Education Policy”
In this special edition, we conduct an empirical analysis concerning elementary and junior high school education by using the relevant information belonging to the public administration (more specifically, “National Assessment of Academic Ability and Study” by Ministry of Education, Culture, Sports, Science and Technology, and “Adachi City Comprehensive Survey concerning Basic Academic Skills Retention” by Adachi City Office). Based on the analysis, we present our educational and economic insights for education policy planning. This special edition also includes a paper focusing on existing surveys on the relation between school quality and adjacent real estate prices, and another paper concerning academic use of data that belong to the public administration and children-related database construction.
|December 2019（Vol.15, No.2）|
This issue includes two articles: “Fiscal Bargaining and the Implicit Fiscal Constitutions of Liberal Democracies: A Public Choice Perspective” by Roger D. Congleton; and “American Democracy and the Problem of Fiscal Deficits" by Richard E. Wagner.
|Title/Author & Editor||Outline|
|Cashless Innovation: Evolution in Settlement Means and Foreign Affairs|
Written and Edited by: Policy Research Institute, Ministry of Finance
This book discusses an important innovation in the digital economy; i.e., cashless settlement. The book includes analysis of the progress in cashless settlement based on economic insights. It also covers the relevant trends in foreign countries; more specifically, in Sweden, Germany, South Korea, and Singapore to provide materials to discuss a society that lies ahead of the ongoing cashless movement in Japan.
*This book is based on the report from the Workshop on Innovations in the Digital Age, held by PRI.