Research

Peer-reviewed Article:

1. "Windfalls? Costs and Benefits of Investment Tax Incentives Due to Financial Constraints," Journal of Corporate Finance, 82, 102469, 2023. (with Masanori Orihara) [LINK]

2. "Capitalization of Local Government Grants on Land Values: Evidence from Tokyo Metropolitan Area, Japan," Japan and the World Economy, 60, 101106, 2021. [LINK]

日本語論文（査読有）(Peer-reviewed Articles in Japanese)：

1. 「三位一体改革が地方自治の歳出行動に与える影響」，『財政研究「貧困を考える － 人生前半の社会保障と財政」』，有斐閣，第13巻，132－155頁，2017. [LINK]

2. 「自治体間の課税ベースの重複が市場公募地方債の発行利回りに与える影響－自治体間の信用連関についての検証－」，『証券経済研究』，第105号，日本証券経済研究所， 31-48頁，2019. [LINK]

日本語論文（査読無）(Non Peer-reviewed Article in Japanese)

1. 「集群推定法とその進展」，『フィナンシャル・レビュー』，財務省財務総合政策研究所， 151 巻， 31－52頁，2023. [LINK]

Working Papers:

1. "Does Place-Based Policy Work in Rural Areas? Causal Evidence From Japan", (with Rui Qing), Available at SSRN, 2023. [LINK]

2. "Theory and Evidence of Firm-to-Firm Transaction Network Dynamics," (with Takafumi Kawakubo), RIETI Discussion Paper Series, 22-E-073, 2022. [LINK]

3. "Supply Chain Dynamics and Resilience of the Economy during a Crisis," (with Takafumi Kawakubo), RIETI Discussion Paper Series, 22-E-070, 2022. [LINK]

4. "Tax Avoidance or Compliance Costs Avoidance? Evidence from VAT Reforms in Japan", (with Takafumi Kawakubo, and Kohei Asao), PRI Discussion Papers, 22A-02, 2022. [LINK]

5. “Capitalization and Municipal Mergers: An Evaluation of the Heisei Territorial Reform in Japan,” (with Masayoshi Hayashi), CIRJE Discussion Paper F Series, CIRJE-F-1105, 2018. [LINK]