Table Of ContentMoriki Hosoe · Iltae Kim
Masahiro Yabuta · Woohyung Lee
Editors
Applied Analysis
of Growth, Trade,
and Public Policy
Ten Years of International Academic
Exchanges Between JAAE and KEBA
Applied Analysis of Growth, Trade, and Public
Policy
Moriki Hosoe Iltae Kim
(cid:129)
Masahiro Yabuta Woohyung Lee
(cid:129)
Editors
Applied Analysis of Growth,
Trade, and Public Policy
Ten Years of International Academic
Exchanges Between JAAE and KEBA
123
Editors
Moriki Hosoe Masahiro Yabuta
Faculty of Economics Faculty of Economics
KumamotoGakuen University ChuoUniversity
Kumamoto, Japan Hachioji, Tokyo,Japan
Iltae Kim WoohyungLee
Chonnan National University Keimyung University
Gwangju, Korea (Republicof) Daegu,Korea (Republic of)
ISBN978-981-13-1875-7 ISBN978-981-13-1876-4 (eBook)
https://doi.org/10.1007/978-981-13-1876-4
LibraryofCongressControlNumber:2018954044
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Preface
This book is the collected papers in commemoration of the tenth anniversary of
academicexchangebetweentheJapanAssociationforAppliedEconomics(JAAE)
and the Korean Economic and Business Association (KEBA). The international
exchange of the two academic societies began in 2009. Several researchers from
KEBAreportedattheJAAEspringmeetinginthespring,andseveralauthorsfrom
JAAEreportedtoKEBA’sconferenceinthefall,10yearspassed.Wewereableto
deepen academic exchanges by mutual reporting and discussion. This book ana-
lyzes the various problems of growth, trade, and public policy on the basis of
applied economics. The research applied here focuses on such areas as public
policies, trade and regulation, and development economics. In Part I, the broad
problems of growth and regional economy are investigated, considering the eco-
nomicdevelopmentsinJapanandKorea.InPartII,tradeandforeigninvestmentin
Japan are studied, mainly on an empirical basis. In Part III, several public policies
areexaminedvis-à-viseconomicpolicy,usingtoolsofappliedanalysis,andinclude
anappliedeconomicanalysisofgrowthandtradeinKoreaandJapan.Wehopethat
twoassociationswillpromotethefurthercooperationofacademicexchangeonthe
basis of this project. Lastly, we wish to express our special thanks to Prof. Tohru
Naito of Doshisha University for his assistance in editing this book.
Kumamoto, Japan Moriki Hosoe
Gwangju, Korea (Republic of) Iltae Kim
Tokyo, Japan Masahiro Yabuta
Daegu, Korea (Republic of) Woohyung Lee
July 2018
v
Contents
Part I Growth and Regional Development
1 The Middle-Income Trap Reconsidered: The Case of Asia. . . . . . . 3
Hitoshi Osaka
2 Identifying the Determinants of Employment Elasticity
of Economic Growth. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Choi Chang Kon
3 The Relationship Between Local Employment Growth
and Regional Economic Growth: Evidence from Korea . . . . . . . . . 35
Jihye Choi and Iltae Kim
4 Identification of Demand Factors for Life Insurance
and Savings Deposits Using Nonlinear ARDL Framework:
Korea and Japan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
Eun-Yub Park and Young-Jae Kim
5 AnalysisonFirmBehaviorandIndividual’sUtilityMaximization
Through Regional Agglomeration Economies . . . . . . . . . . . . . . . . . 65
Daisuke Nakamura
6 Structural Changes of the Electricity Market in Japan:
Theoretical Analysis of Consumers’ Eco-Friendly Behavior . . . . . . 73
Kimihito Ise and Masahiro Yabuta
Part II International Trade and Investment
7 Global Supply Chain and Japanese Electronics Firms’ Location
in East Asia: A Case of Final Goods Production Sites . . . . . . . . . . 95
Suminori Tokunaga and Maria Ikegawa
8 A Measure of the Spillover Effects Among Companies of Same
Nationality in the Location Choice of FDIs. . . . . . . . . . . . . . . . . . . 113
S.-J. Hwang and X. Li
vii
viii Contents
9 Econometric Analysis on Product Differentiation and Trade
Liberalization of Beef in Japan. . . . . . . . . . . . . . . . . . . . . . . . . . . . 131
Kohya Takahashi and Koshi Maeda
10 Effects of Tariff Reduction on Economic Growth . . . . . . . . . . . . . . 151
Katsufumi Fukuda
Part III Public Activity and Roles of Government
11 Tax Shelter and Tax Administration. . . . . . . . . . . . . . . . . . . . . . . . 161
Keisuke Morita
12 Effect of CSR Promotion on the Market and the Role
of Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 171
Woohyung Lee and Chongung Kim
13 Will Abenomics Expand Employment?–Interpreting Abenomics
Through DSGE Modeling. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 187
Minoru Hayashida, Masaya Yasuoka, Ryoichi Nanba
and Hiroyuki Ohno
14 The Impacts of Public Spending by Function on Regional
Economic Growth and Interregional Income Disparities:
Evidence from Korea . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 209
Ki-Dong Lee, Sijin Moon and Jiah Choi
15 Remuneration Rule for Employee Inventions, Moral Hazard,
and the Hold-Up Problem. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 229
Keiki Kumagae
Contributors
Choi Chang Kon Chonbuk National University, Jeonju, South Korea
Jiah Choi Bank of Korea, Seoul, South Korea
Jihye Choi Chonnam National University, Gwangju, South Korea
Katsufumi Fukuda Hiroshima University, Higashihiroshima, Japan
Minoru Hayashida The University of Kitakyushu, Kitakyushu, Japan
S.-J. Hwang Kyungpook National University, Daegu, South Korea
Maria Ikegawa Policy Research Institute of MAFF, Tokyo, Japan
Kimihito Ise Japan Electric Power Information Center, Tokyo, Japan
Chongung Kim Daegu Hanny University, Gyeongsan, South Korea
Iltae Kim Chonnam National University, Gwangju, South Korea
Young-Jae Kim Pusan National University, Busan, South Korea
Keiki Kumagae Kyushu University, Fukuoka, Japan
Ki-Dong Lee Keimyung University, Daegu, South Korea
Woohyung Lee Keimyung University, Daegu, South Korea
X. Li Kyungpook National University, Daegu, South Korea
Koshi Maeda Kyushu University, Fukuoka, Japan
Sijin Moon Pusan National University, Busan, South Korea
Keisuke Morita Kanagawa University, Yokohama, Japan
Daisuke Nakamura Fukuoka Women’s University, Fukuoka, Japan
Ryoichi Nanba Cabinet Office, Government of Japan, Tokyo, Japan
ix
x Contributors
Hiroyuki Ohno Toyo University, Tokyo, Japan
Hitoshi Osaka Kyoto Sangyo University, Kyoto, Japan
Eun-Yub Park Pusan National University, Busan, South Korea
Kohya Takahashi Kyushu University, Fukuoka, Japan
Suminori Tokunaga Reitaku University, Kashiwa, Japan
Masahiro Yabuta Chuo University, Tokyo, Japan
Masaya Yasuoka Kwansei Gakuin University, Nishinomiya, Japan
Part I
Growth and Regional Development
