学術論文[Research Papers]　トップページ 学会発表へのリンク

RePECの研究論文ページへのリンク

研究中テーマ[Current Research Projects]:

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2022 - "Invoice Currency and ERPT using Custom Transaction Data" (with T. Ito, J. Shimizu, K. Sato, T. Yoshimi, U. Yoshimoto)
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2020- "SVAR ERPT and Current Account"(with Weiyang Zhai)
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2019～　"Matching Exporters and Importers: The Gateway to Europe and Asia" (with Kemal Turkcan, Taiyo Yoshimi)
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2016～　"Revisiting Finance-Trade linkage" (link to a working draft, not to be used for citing)
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"Public Service Efficiency and Political Cycle" (with Satoshi Honma)
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"Intra-Industry Trade and Export Variety" (with Kemal Türkcan)

過去の研究テーマ[Past Research Project]

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2010～　"Trade and Environment" (with Satoshi Honma), published articles include Eco Mod (2020) and JITED(2019)
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2011～　"Ultra High Frequency FX Data Analysis" (with Masayuki Susai), published articles include two book chapters.
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2013～　"Automobile Exchange Rate Pass-through" (with Yuri Sasaki), World Economy(2023)
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2015～　"Japan's Trade Balance" (with Yuri Sasaki and Kansho Ohtsubo), published articles include IREF(2018) and JIMF(2022)

刊行論文[Refereed Journals]：

  1. "Exporter’s Productivity and the Cash-In-Advance Payment: Transaction-Level Analysis of Turkish Textile and Clothing Exports," 2024, Open Economies Review.  https://doi.org/10.1007/s11079-024-09752-x (With Kemal Türkcan and Taiyo Yoshimi)
  2. "Automobile exports: Exchange rate, export price, and retail price," 2023, World Economy, 47(2), 519-543.  (With Yuri Sasaki).
  3. "Exchange rate pass-through on Japanese prices: Import price, producer price, and core CPI," 2022, Journal of International Money and Finance, 123(May), 102599.  (With Yuri Sasaki and Kansho Ohtsubo) Free Download until Mar 13, 2022.
  4. "An Empirical Investigation of the Balance of Embodied Emission in Trade: Industry Structure and Emission Abatement," 2020, Economic Modelling, 92(11), 277-294. (With Satoshi Honma)
  5.  "Convergence in Pollution Terms of Trade," 2019, Journal of International Trade & Economic Development, 28(5), 603-627. (With Satoshi Honma)
  6.  "Decomposition of Japan's Trade Balance," July 2018, International Review of Economics & Finance, 56, 507-537. (DOI:10.1016/j.iref.2017.12.007)(With Yuri Sasaki)
  7.  "Where at Do Exporters Produce and Export?," 2018, World Economy, 41(6), 1596-1639. (DOI:10.1111/twec.12588),(With Kyoko Hirose)

  8. "The Global Financial Crisis: An Analysis of the Spillover Effects on African Stock Markets," 2014, Emerging Markets Review, 21, 201-233. (With Kimiko Sugimoto and Takashi Matsuki) (DOI: 10.1016/j.ememar.2014.09.004)

  9. "Intra-Industry Trade, Fragmentation and Export Margins: An Empirical Examination of Sub-regional International Trade," 2013, North American Journal of Economics and Finance, 24(1), 125-138. (DOI: 10.1016/j.najef.2012.07.003).
  10. "An Empirical Examination of Export Variety: Regional Heterogeneity Within a Nation" 2011, World Economy,34(4), 602-622.
  11. "Fragmentation, Vertical Intra-Industry Trade and Automobile components," 2010, Economics Bulletin, Vol. 30 No.2, pp. 1006-1015. (with Nuno C. Leitao and Horácio C. Faustino)
  12. "Vertical Intra-Industry Trade and Foreign Direct Investment between Japan and European Countries," 2009, Atlantic Economic Journal,37, 351-365. (DOI 10.1007/s11293-009-9192-8)(with Nuno C. Leitao and Horácio C. Faustino)
  13. "New Evidence for Exchange Rate Pass-through: Disaggregated Trade Data from Local Ports," 2010, International Review of Economics and Finance, Vol.19, p.3-12. (DOI:10.1016/j.iref.2009.02.006)
  14. "How do the Asian Economies Compete with Japan in the US Market, China Exceptional? A Triangular Trade Approach," 2006, The Asia Pacific Business Review, Vol.12, No3, p285-307. (With Hiro Ito)
  15. "Exchange Rate Movements and Tradable Goods Prices in East Asia: An Analysis Based on Japanese Customs Data, 1988-1999", 2001, IMF Staff Papers, Vol.48, No.2, p266-289. (With Shinji Takagi)

　

研究図書[Book]

  1. 「実証国際経済学」、日本経済評論社、2014年6月

刊行論文[Book Chapter]

  1. "Revisiting the Glick–Rogoff Current Account Model: An Application to the Current Accounts of BRICS Countries", 2020, Chapter 10, in Dynamic Modeling, Vol. 27, Gilles Dufrénot and Takashi Matsuki (Eds): Recent Econometric Techniques for Macroeconomic and Financial Data
  2. "Regional Integration and Risk Management of African Stock Markets", 2016, pp.423-468, in Sabri Boubaker, Bonnie G. Buchanan, and Duc Khuong Nguyen (ed.) Risk Management in Emerging Markets: Issues, Framework and Modeling, Emerald Group Publishing.(with Kimiko Sugimoto & Takashi Matsuki)
  3. "We Missed It Again! Why So Many Market Orders in The High Frequency FX Trading Fail to be Executed?", 2015, pp. 215-236, in Greg N. Gregoriou (ed.) The Handbook of High Frequency Trading, Academic Press, Elsevier. (with Masayuki Susai)
  4. "Algorithm Trading in Asian Currency FX Markets," 2014, in Greg N. Gregoriou and David Lee(ed.) The Handbook on Asian Finance, Chapter 10,p. 185-205, Elsevier. (with Masayuki Susai)
  5. "Stock Market Linkage between Asia and the US in Two Crises: Smooth-transition Correlation VAR-GARCH Approach," 2011, pp.53-81, in Yin-Wong Cheung, Vakas Kakkar and Guonan Ma (ed.), The Evolving Role of Asia in Global Finance, Emerald Group Publishing Limited.

刊行論文[査読なし]:

  1. 「日本国内地域間における雁行形態モデルの基礎分析:九州地域の製造業の役割」,2009年3月 、産業経営研究所報、第41号,p.69-106. (With Kyoko Hirose)
  2. 「福岡経済圏とアジア地域の貿易構造の基礎研究」,2007年3月、産業経営研究所報、第39号、p.101-171.
  3. 「日本アジア間の海外直接投資と貿易の経済分析」、2002年3月、産業経営研究所報、第34号、p.77-105.
  4. "A Cointegration Test of Long-run Purchasing Power Parity between Major Japanese Cities, 1951-1991", 1999, Osaka Economic Papers Vol.48 No.3/4 (With Shinji Takagi)

Commentary:

bullet 「EBS外国為替指値市場におけるキャンセル行動の分析」、2015、先物・オプションレポート、10月号
bullet"Comment on 'A Pass-through Revival',"  2014, Asian Economic Policy Review, 9(1), 141-142.
bullet"Behind the High Observed IIT between Korea and Japan: Fragmentation, Domestic Regional Development, and the Korea-Japan FTA" (2009-3-12, CNAEC, KIEP)

Working Papers:( those later published are in green , 後に刊行されたものは緑)

  1. "Invoicing Currency Choice: Strategic Complementarities and Currency Matching," 2024 Apr, NBER Working Paper, 32276. (with Junko Shimizu, Takatoshi Ito, Kiyotaka Sato, Taiyo Yoshimi, and Uraku Yoshimoto)
  2. "Invoice Currency Choice in Intra-Firm Trade: A Transaction-Level Analysis of Japanese Automobile Exports," 2024 Feb, NBER Working Paper, 32142. (with Taiyo Yoshimi, Uraku Yoshimoto, Kiyotaka Sato, Takatoshi Ito, and Junko Shimizu)
  3. "Global Value Chains and Exchange Rate Pass-through into the Import Prices of Japanese Indusries," 2023 Mar, RIETI Discussion Paper, 23-E-016. (with Fabien Rondeau)
  4. "Cash-in-advance payment method and transaction size: Cash constrained importers," 2022 June, RIETI Discussion Paper, 22-E-051. (with Kemal Turkcan and Taiyo Yoshimi)
  5. "Exchange Rate Pass-through under the Unconventional Monetary Policy Regime," 2022 Mar, RIETI Discussion Paper, 22-E-20. (with Weiyang Zhai, Yuri Sasaki, and Siyu Zhang)
  6. "Current Account Dynamics: On Income and Trade Balance", 2021 Sep, RIETI Discussion Paper, 21-E077. (With Weiyang Zhai)
  7. "Revisiting the Glick-Rogoff Current Account Model: An Application to the Current Account of BRICS Countries",2020 Apr, MPRA Working Paper, No. 99446. (with Weiyang Zhai), later published as a chapter in  Recent Econometric Techniques for Macroeconomic and Financial Data
  8. "Exchange rate pass-through on Japanese prices: Import price, producer price, and core CPI," 2019 Oct, RIETI Discussion Paper, 19-E078. (with Yuri Sasaki and Piotr Kansho Otsubo), later published as an article in Journal of International Money and Finance (2022).
  9. "Revisiting finance-trade linkage during the Great Trade Collapse," 2017(forthcoming), RIETI Discussion Paper, 17-E-
  10. "Factor decomposition of Japan's trade balance," 2017 Mar, RIETI Discussioin paper, 17-E-42 (with Yuri Sasaki) As an article with a slight change of title "Decomposition of Japan's Trade Balance" in International Review of Economics & Finance (2018?)
  11. "Stepping out of the limit order book: Evidence from the EBS FX market," 2016 Mar, MPRA Working paper, No. 70291, (with Masayuki Susai)
  12. "Automobile Exports: Export Prices and Retail Prices," 2015 Feb, RIETI Discussion  Paper, 15-E-024 (with Yuri Sasaki) published as an article in World Economy (2024)
  13. "An Account of Pollution Emission Embodied in Global Trade: PGT1 and PGT2 Database," 2014 July, MPRA Working Paper, No. 57489, (with Satoshi Honma)
  14. "The Global Financial Crisis: An Analysis of the Spillover Effects on African Stock Markets," 2013 Oct, MPRA Working Paper, No. 50473. (with Kimiko Sugimoto and Takashi Matsui) As an article in Emerging Market Review (2014)
  15. "Market Share and Exchange rate Pass-through: Competition among Exporters of the Same Nationality," 2013 Sep, RIETI Discussion Paper, 13-E-084.(Revised version of KSU DP, No37)
  16. "An Empirical Investigation of the Balance of Embodied Emission in Trade: Industry Structure and Emission Abatement," 2012 July, Kyushu Sangyo University Discussion Paper Series No. 57. (with Satoshi Honma)(published as an article in Economic Modelling in 2020)
  17. "Central Bank Interventions and Limit Order Behavior in the Foreign Exchange Market," 2012 July, Kyushu Sangyo University Discussion Paper Series No. 56. (With Susai Masayuki)
  18. "Did International Trade Become Dirtier for Developing Countries? On the Composition Effect of International Trade on Environment," 2011 Dec, Kyushu Sangyo University Discussion Paper Series No. 52. (with Satoshi Honma)
  19. "Intra-National Regional Heterogeneity in international trade," 2010 May, Kyushu Sangyo University Discussion Paper Series No. 42. (with Kyoko Hirose) (published as "Where at Home Do Exporters Produce and Export?" in the World Economy (2018, forthcoming)
  20. "Is this Time Different for Asia?: Evidence from Stock Markets," 2010 Feb, Kyushu Sangyo University Discussion Paper Series No. 40. (The first part is published as "Stock Market Linkage between Asia and the US in Two Crises: Smooth-transition Correlation VAR-GARCH Approach," 2011, pp.53-81, in Yin-Wong Cheung, Vakas Kakkar and Guonan Ma (ed.), The Evolving Role of Asia in Global Finance, Emerald Group Publishing Limited.)
  21. "Financial Crisis, Exchange Rate and Stock Market Integration,"2009 Dec, Kyushu Sangyo University Discussion Paper Series No. 38.
  22. "Market Share and Exchange Rate Pass-through: Competition among Exporters of the Same Nationality,"2009 Nov, Kyushu Sangyo University Discussion Paper Series No. 37.
  23. "Regional Heterogeneity in intra-national and international trade," 2009 Nov, Kyushu Sangyo University Discussion Paper Series No. 36. (with Kyoko Hirose)
  24. "On-going and Completed Interventions and Yen/Dollar Expectations - Evidence from Disaggregated Survey Data," 2009 Oct, Kyushu Sangyo University Discussion Paper Series No.35.(with Jan C. Rülke)
  25. "Industry Location and Variety Growth: Empirical Examination of Regional Exports,"2008 Mar, Kyushu Sangyo University Discussion Paper Series No.30. As "An Empirical Examination of Export Variety: Regional Heterogeneity Within a Nation" 2011, World Economy,34(4), 602-622.
  26. "Export-platform Investment with Proximity and Product Differentiation: Empirical Evidence from Port-level International Trade," 2007 Dec, Kyushu Sangyo University Discussion Paper Series No.28
  27. "Distance on FDI and Trade: The Role of China and Mexico in the Pacific Basin," 2005, Kyushu Sangyo University Discussion Paper Series No.24. (With Hiro Ito)
  28. "Outsourcing of Intermediate Manufacturing Products in Asian Economies," 2005, Kyushu Sangyo University Discussion Paper Series No.21
  29. "Foreign Direct Investment and Exchange Rate Pass-through: Export Pricing Behavior of Japanese Multinational Corporations," 2005, Kyushu Sangyo University Discussion Paper Series No.20
  30. "Foreign Direct Investment and Exchange Rate Pass-through: Access to Foreign Markets",2001, Kyushu Sangyo University Discussion Paper Series No.8
  31. "The Effects of Vertical Structure on Exchange Rate Pass-through",1999,Kyushu Sangyo University Discussion Paper Series No.5