Journal of the Japanese and International Economies最新文献_第7页

How does the impact of the COVID-19 state of emergency change? An analysis of preventive behaviors and mental health using panel data in Japan COVID-19紧急状态的影响如何变化?利用日本面板数据分析预防行为与心理健康

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101194

Eiji Yamamura , Yoshiro Tsutsui

引用次数: 9

The impact of science-intensive drugs on longevity and cure rate: Evidence from new prescription drugs launched in Japan 科学密集型药物对寿命和治愈率的影响:来自日本推出的新处方药的证据

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101203

Junichi Nishimura , Sadao Nagaoka , Mariko Yoneyama-Hirozane

{"title":"The impact of science-intensive drugs on longevity and cure rate: Evidence from new prescription drugs launched in Japan","authors":"Junichi Nishimura , Sadao Nagaoka , Mariko Yoneyama-Hirozane","doi":"10.1016/j.jjie.2022.101203","DOIUrl":"10.1016/j.jjie.2022.101203","url":null,"abstract":"<div><p>This paper examines how new science-intensive drugs improve the longevity of the population and the cure rate of hospitalized patients (inpatients). We develop a comprehensive longitudinal-disease-level panel data set, matched with drugs with a new molecular entity (NME) launched in Japan and classified by science intensity. Estimates suggest that the increase in the diversity of science-intensive NMEs (or NME stock) used for treating a disease significantly contributed to longevity and to the improvement of the cure rate of inpatients. In contrast, we find that non science-intensive NME stock does not significantly enhance these outcomes. Our results also suggest that controlling for the effects of surgeries does not reduce the effects of science-intensive drugs and that quality of science exploited for the discovery of an NME also plays a role in the effects. We have validated our indicator of science-intensive NMEs as a measure of the contribution of drugs to treatment, based on a survey of physicians. The results show that scientific advancement and exploitation for drug innovations critically contribute to improving human welfare.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"64 ","pages":"Article 101203"},"PeriodicalIF":2.9,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82242623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Welfare gains through globalization: Evidence from Japan's manufacturing sector 全球化带来的福利收益:来自日本制造业的证据

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101193

Takahide Aoyagi , Tadashi Ito , Toshiyuki Matsuura

引用次数: 0

Population aging, government policy and the postwar Japanese economy 人口老龄化，政府政策和战后日本经济

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101191

Keisuke Otsu , Katsuyuki Shibayama

引用次数: 8

COVID-19 infection spread and human mobility COVID-19感染传播和人员流动

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101195

Masahiko Shibamoto , Shoka Hayaki , Yoshitaka Ogisu

{"title":"COVID-19 infection spread and human mobility","authors":"Masahiko Shibamoto , Shoka Hayaki , Yoshitaka Ogisu","doi":"10.1016/j.jjie.2022.101195","DOIUrl":"10.1016/j.jjie.2022.101195","url":null,"abstract":"<div><p>Given that real-world infection-spread scenarios pose many uncertainties, and predictions and simulations may differ from reality, this study explores factors essential for more realistically describing an infection situation. It furnishes three approaches to the argument that human mobility can create an acceleration of the spread of COVID-19 infection and its cyclicality under the simultaneous relationship. First, the study presents a dynamic model comprising the infection–mobility trade-off and mobility demand, where an increase in human mobility can cause infection explosion and where, conversely, an increase in new infections can be made temporary by suppressing mobility. Second, using time-series data for Japan, it presents empirical evidence for a stochastic trend and cycle in new infection cases. Third, it employs macroeconometrics to ascertain the feasibility of our model’s predictions. Accordingly, from March 2020 to May 2021, the sources of COVID-19 infection spread in Japan varied significantly over time, and each change in the trend and cycle of new infection cases explained approximately half the respective variation.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"64 ","pages":"Article 101195"},"PeriodicalIF":2.9,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8840825/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39938256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Nelson–Siegel decay factor and term premia in Japan 尼尔森-西格尔衰减因子和日本的定期保险费

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101204

Junko Koeda , Atsushi Sekine

引用次数: 2

Like father, like son: Who creates listed subsidiaries? 有其父必有其子:谁创建上市子公司?

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101205

Hichem Boulifa , Konari Uchida

引用次数: 1

Wealth, Financial Literacy and Behavioral Biases in Japan: the Effects of Various Types of Financial Literacy 日本的财富、金融素养与行为偏差:不同类型金融素养的影响

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2021.101190

Shizuka Sekita , Vikas Kakkar , Masao Ogaki

引用次数: 0

Policy uncertainty in Japan 日本政策不确定性

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101192

Elif C. Arbatli Saxegaard , Steven J. Davis , Arata Ito , Naoko Miake

{"title":"Policy uncertainty in Japan","authors":"Elif C. Arbatli Saxegaard , Steven J. Davis , Arata Ito , Naoko Miake","doi":"10.1016/j.jjie.2022.101192","DOIUrl":"https://doi.org/10.1016/j.jjie.2022.101192","url":null,"abstract":"<div><p>We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards, building on Baker et al. (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters, and uncertainty. Our overall EPU index co-varies positively with implied volatilities for Japanese equities, exchange rates, and interest rates and with a survey-based measure of political uncertainty. It rises around contested national elections and major leadership transitions in Japan, during the Asian financial crisis and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, the deferral of a consumption tax hike, and the onset of the COVID-19 pandemic. Our uncertainty indices for fiscal, monetary, trade, and exchange rate policy co-vary positively but also display distinct dynamics. For example, our trade policy uncertainty (TPU) index rocketed upwards when the U.S. withdrew from the Trans-Pacific Partnership. VAR models imply that upward EPU innovations foreshadow deteriorations in Japan's macroeconomic performance, as reflected by impulse response functions for investment, employment, and output. Our study adds to evidence that credible policy plans and strong policy frameworks can favorably influence macroeconomic performance by reducing policy uncertainty.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"64 ","pages":"Article 101192"},"PeriodicalIF":2.9,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0889158322000028/pdfft?md5=1afb73fc6a8a7bca4000651c097400fa&pid=1-s2.0-S0889158322000028-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137298416","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Lessons from mergers and acquisitions of regional banks in Japan: What does the stock market think? 日本地方银行并购的教训:股市是怎么想的?

IF 2.9 3区经济学

Journal of the Japanese and International Economies Pub Date : 2022-06-01 DOI: 10.1016/j.jjie.2022.101202

Ayami Kobayashi (Tanaka) , Marc Bremer

{"title":"Lessons from mergers and acquisitions of regional banks in Japan: What does the stock market think?","authors":"Ayami Kobayashi (Tanaka) , Marc Bremer","doi":"10.1016/j.jjie.2022.101202","DOIUrl":"10.1016/j.jjie.2022.101202","url":null,"abstract":"<div><p>Japanese regional banks are now facing an existential crisis. Their traditional business model has been devastated by the hollowing out of regional economies, technological change, declining populations and the rapid aging of Japan's non-urban areas. These banks must either go out of business or make significant changes. Reorganizations are a potential change that might solve the problem. Reorganizations include mergers and forming bank holding companies. This research examines regional bank reorganizations over the period from 2008 to 2019. It analyzes the stock market's response to announcements of bank reorganizations. A positive response is defined as stock price appreciation. It is a measure of the value that an efficient financial market attributes to the reorganization. This research finds that some kinds of reorganizations create more value than others. Specifically, mergers between banks within prefectures create more value. Yet, within prefecture mergers have the disadvantage that they might concentrate the provision of banking services in the hands of a few providers, leading to poorer services and higher fees. These reorganizations may violate competition law. Nevertheless, within-prefecture mergers may be a better overall solution to the regional bank crisis.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"64 ","pages":"Article 101202"},"PeriodicalIF":2.9,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75381312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4