Research
Recent Working Papers
"Preference Structures, Wealth Distribution, and Patterns of Trade in a Global Economy" (with Yasuhiro Nakamoto and Yunfang Hu) KIER Discussion Paper No. 1105,2024
"Population Aging and Income Inequality in a Semi-Endogenous Growth Model" (wieh Hiroaki Sasaki), 2023, revision: May 2024
"A Heterogeneous Firm Model of Trade and Growth with country-Specific Credit Constraints" (with Ryoji Ohdoi and Yunfang Hu) , 2023, revision: March 2024
Effects of Exhaustible Resources and Declining Population on Economic Growth with Hoteling's Rule" (with HIroaki Sasaki), 2021, revision: March 2024, orthcoming in International Journal of Economics and Finance
"Capital Allocation and Wealth Distribution in a Global Economy with Financial Frictions" (with Been-Lon Chen and Yunfang Hu) , 2022"
"Does Nonlinear Taxation Stabilize Small Open Economies?" (Been-Lon Chen and Yunfnag Hu), KIER Discussion Paper No. 997, 2018
"Sunspot-Driven Business Cycles: An Overview" , KIER Discussion Paper No. 973, 2017
Selected Publications
Articles
- "Pension Reforms, Population Aging, and Retirement Decision of the Elderly in a Neoclassical Growth Model" (with Makoto Hirono) , Macroeconomic Dynamics Vol.27, No.2, 275-296, 2023
"Long-run Consequences of Population Decline in an Economy with Exhaustible Resources" (with Hiroaki Sasaki) Econoic Modelling , Vol.121, 2023
"Productive Government Expenditure and Economic Growth: A Heterogeneous-Agents Approach," (with Ryo Arawatari and Takeo Hori), Journal of Macroeconomics Vol.75 2023
"On the Distribtion of Income and Wealth in a Growing Economy with Endogenous Labor Supply", Economics Bulletin, Vol.43, No.1, 2023
"Economic Growth and Structural Change: The Case of India", in The Cultural Basis of Economic Growth in India, edited by Kazuo Mino and Tadashi Yagi, pp. 21-63, Springer, 2022
"Income Taxation Rules and Stability of a Small Open Economy", (with Been-Lon Chen and Yunfang Hu) Journal of Macroeconomics 65, 2020
"On the Nonlinear Relationship between Inflation and Growth: A Theoretical Exposition," (with Ryo Arawatari and Takeo Hori), Journal of Monetary Economics 94, 79-93, 2018
"Fiscal Policy in a Growing Economy with Financial Frictions and Firm Heterogeneity," Japanese Economic Review 67, 3-33, 2016.
"Time Preference and Income Convergence in a Dynamic Hecksher-Ohlin Model," (with Taketo Kawagishi), Review of International Economics 24, 592-603, 2016.
Heterogeneous Conformism and Wealth Distribution in a Neoclassical Growth Model," (with Yasuhiro Nakamoto), Economic Theory 62, 6989-717, 2016.
"Welfare Implications and Equilibrium Indeterminacy in a Two-Sector Growth Model with Consumption Externalities," (with Been-Lon Chen and Yu-Shan Hsu), Macroeconomic Dynamics 19, 535-577, 2015
"Conformism and Structural Change" (with Takeo Hori and Masako Ikefuji), International Economic Review 56, 939-961, 2015
A Simple Model of Endogenous Growth with Financial Frictions and Firm Heterogeneity", Economics Letters 127, 20-23, 2014
"Capital Accumulation and Structural Change in a Small-Open Economy" (with Yunfang Hu), Pacific Economic Review 19, 634-656, 2014
"Can Consumption Habit Spillovers be a Source of Equilibrium Indeterminacy?", (with Been-Lon Chen and Yu-Shan Hsu), Journal of Economics 109, 245-269, 2013.
"Trade Structure and Belief-Driven Fluctuations in a Global Economy" (with Yunfang Hu), Journal of International Economics 90, 214-224, 2013.
."Consumption Externalities and Equilibrium Dynamics with Heterogeneous Agents",(with Yasuhiro Nakamoto) , Mathematical Social Sciences, 64(3), 225-233.
"A Dynamic Model of Conflict and Appropriation," ( with Wolfgang Eggart and Junichi Itata), Journal of Economic Behavior & Organization, 78, (1-2), 167-182, 2011
""Equilibrium Dynamics in Discrete-Time Endogenous Growth Models with Social Constant Returns," (with Kazuo Nishimura, Koji Shimomura, and Ping Wang), Economic Theory, . 34(1), 1-23, 2008
"A Variety-Expansion Model of Growth with External Habit Formation," (with Junko Doi), Journal of Economic Dynamics and Control, . 32( 10), 3, 2007
"Growth And Bubbles With Consumption Externalities," Japanese Economic Review, 59(1), 33-53, 2008
"Generalized Taylor Rule and Determinacy of Growth Equilibrium," (with Seiys Fujidski) Economics Bulletin, 5(11), 1-7, 2007
"Technology, Preference Structure, And The Growth Effect of Money Supply," (with Junichi Itaya) , Macroeconomic Dynamics, 11(5), 589-612, 2007
"Voracity vs. Scale Effect in a Growing Economy without Secure Property Rights," Economics Letters, 93(2), 278-284, 2006
"Occupational Choice and Dynamic Indeterminacy," (with Koji Shimomura and Ping Wang), Review of Economic Dynamics, 8(1),138-153, 2005.
"Technological Spillovers and Patterns of Growth with Sector-Specific R&D," (with Junko Doi), Journal of Macroeconomics, 27(4), 557-578, 2005
"Weitman's Rlue with Maket Distortions", Japan and the World Economy, 16(3), 317-329, 2004
"Interest-Rule and Multiple Equilibria with Endogenous Growth" (with Junichi Itaya), Economics Bulletin, 5(6), pages 1-6, 2004
"Inflation, Transaction Costs and Indeterminacy in Monetary Economies with Endogenous Growth" (with Jun-ichi Itaya), Economica, 70, 1-20, 2003.
"Optimal Taxation in Dynamic Economies with Increasing Returns", Japan and the World Economy, 13(3),235-253, 2001
"Indeterminacy and Endogenous Growth with Social Constant Returns," Journal of Economic Theory, 97(1), 203-222, 2001
"Growth and Welfare Effects of Monetary Expansion in an Overlapping-generations Economy," (with Akihisa Shibata), Japanese Economic Review, 51(3), 07-430, 2000
"Non-Separable Utility Function and Indeterminacy of Equilibrium in a Model with Human Capital," Economics Letters, 62(3), 311-317, 1999
"Long-Run Effects of Monetary Expansion in a Two-Sector Model of Endogenous Growth," Journal of Macroeconomics, 19(4), 35-655, 1997
"Analysis of a Two-Sector Model of Endogenous Growth with Capital Income Taxation," International Economic Review, 37(1), 227-251, 1996
"Public Capital and Patterns of Growth in the Presence of Threshold Externalities," (with Koichi Futagami), Journal of Economics, vol. 61(2), 123-146, 1995.
Monetary Policy, Overlapping Generatopms. amd Patters of Growth" (with Akihisa Shibata), Economica, 62(261), 179-194, 1995
"Threshold Eternalities and Cyclical Growth in a Stylized Model of Capital Accumulation," (with Koichi Futagami), Economics Letters, 41(1),99-105. 1993
1990. "Reputational Constraint and Signalling Effects in a Monetary Policy Game," (with Shunichi Tsutsui), Oxford Economic Papers, 42(3), 603-619, 1990.
"Nonlinear Strategies in Dynami Duopolistic Competition with Sticky Prices", (with Shunichi Tsustui), Journal of Economic Theory, 52(1), 36-161, 1990
"Income Taxation and Endogenous Growth," Economics Letters, 31(4), 325-329, 1989
"The Long-Run Effects of Income Taxation under Endogenous Technical Progress," Economics Letters, 27(4), 367-370, 1988
"On the Homogeneity of Value Function of the Optimal Control Problem," Economics Letters, 11(1-2), 149-154, 1983.
Books
The Cultural Basis of Economic Growth in India, edited by Kazuo Mino and Tadashi Yagi, Springer, 2022
Growth and Business Cycles with Equilibrium Indeterminacy, Springer-Nature, 2017
『マクロ経済学』培風館 Macroeconomics (in Japanese) 2013