Correlation aversion in foreign direct investment

Khotamov, Navruz：Naoto Jinj
『Finance Research Letters』 Vol.74 1-5頁 （2025/03/01）

Decisions under risk are often multidimensional, where the preferences of the investor depend on several factors. Investment theory implies that in the presence of different shocks, the correlation between these shocks is important. This study analyzes the relationship between the correlation of two shocks and foreign direct investment…

Exports and foreign direct investment in the presence of downside risk

Khotamov, Navruz
『The World Economy』 （2024/11/25）

This study analyses the impact of downside risk on the flow of exports, foreign direct investment (FDI), and their joint pattern. Existing studies in this field have not considered the effects of risk asymmetry or downside risk because they describe risk only by variance; therefore, this study attempts to fill this gap. Downside risk i…

From Samurai to Skyscrapers: How Transaction Costs Shape Tokyo

Yamasaki, Junichi：Kentaro Nakajima：Kensuke Teshima
E-2020-02 TDB-CAREE Discussion Paper Series （2023/02/01）

Whether transaction costs to assemble or split land can persistently hinder urban land use remains unknown. Constructing a 100 m*100 m-cell-level dataset of central Tok…

Satellite-Based Vehicle Flow Data to Assess Local Economic Activities

Go, Eugenia：Kentaro Nakajima：Yasuyuki Sawada：Kiyoshi Taniguchi
F-1209 CIRJE Discussion Paper Series （2023/01/01）

Spatially and seasonally granular measures of local economic activities are increasingly required in a variety of economic analyses. We propose using novel vehicle density data obtained from daytime satellite images to quantify the local economic activity involving human and goods traffic flows. Validation exercises show that vehicle …

Invention by Collage Graduates in Science and Engineering during Japan's Industrialization

Yamaguchi, Shotaro：Hiroyasu Inoue：Kentaro Nakajima：Tetsuji Okazaki：Yukiko Umeno Saito：Serguey Braguinsky
22-E-104 RIETI Discussion Paper Series （2022/11/01）

During Japan's industrialization from the late 19th to the first half of the 20th century, the adoption of foreign technologies was　increasingly complemented by domestic…

Language Barriers and the Speed of Knowledge Diffusion

Higham, Kyle: Sadao Nagaoka
22-E-074 RIETI Discussion Paper Series （2022/08/18）

The Economics of Spatial Mobility: Theory and Evidence Using Smartphone Data

Miyauchi, Yuhei： Kentaro Nakajima： Stephen J. Redding
No. 28497 NBER Working Paper （2022/04/01）

The Role of Face-to-face Contact in Innovation: The Evidence from the Spanish Flu Pandemic in Japan

Inoue, Hiroyasu： Kentaro Nakajima： Tetsuji Okazaki： Yukiko Umeno Saito
22-E-026 RIETI Discussion Paper Series （2022/03/01）

On the Use of Satellite-Based Vehicle Flows Data to Assess Local Economic Activity: The Case of Philippine Cities

Go, Eugenia： Kentaro Nakajima： Yasuyuki Sawada： Kiyoshi Taniguchi
No. 652 ADB Economics Working Paper Series （2022/03/01）

Local Labor Market Effects of Chinese Imports and Offshoring: Evidence from Matched-Foreign Affiliate-Domestic Parent-Domestic Plant Data in Japan

Kiyota, Kozo： Kentaro Nakajima： Miho Takizawa
22-E-13 RIETI Discussion Paper Series （2022/03/01）

The Roles of Structured Management in the Formation of Transactional Relationship

Imani, Yusuke: Atsushi Ohyama
E-2021-07 TDB-CAREE Discussion Paper Series （2022/02/01）

Product Innovation, Product Diversification and Firm Growth: Evidence from Japan's Early Industrialization

Braginsky, Serguey: Atsushi Ohyama: Tetsuji Okazakii: Chad Syverson
『American Economic Review』 Vol. 111 No. 12 pp. 3795-3826 （2021/12/01）

Economic sociology in Japan

Nakano Tsutomu: Masaru Karube: Yoshimichi Sato: Naoki Wakabayashi
『economic sociology. perspectives and conversations』 23 1 11-18 （2021/11/30）

Economic sociology is an established field in the Western tradition of sociology. Departing from the instrumental rationality of neoclassical economics (Weber 1968), it has made a breakthrough with its foundational conception that economic action of individuals constructs social structures and these social structures heavily influence …

Estimating the Impact of Land Use Regulation on Land Price: At the Kink Point of Building Height Limits in Fukuoka

Nakajima, Kentaro： Keisuke Takano
21-E-88 RIETI Discussion Paper Series　21-E-88 （2021/10/01）

Management practices and productivity in Japan: Evidence from six industries in JP MOPS

Kambayashi, Ryo: Atsushi Ohyama: Nobuko Hori
『Journal of the Japanese and International Economies』 Volume 61 （2021/09/01）

Do sourcing networks make firms global? Microlevel evidence from firm-to-firm transaction networks

Itoh, Ryo: Kentaro Nakajima
『The Japanese Economic Review』 Vol. 72 Issue 1 pp. 65-96 （2020/11/16）

This study investigates how the structure of a domestic firm-to-firm transaction network influences the foreign direct investment (FDI) decisions of embedded firms in th…

Centers of Gravity: The Effect of Stable Shared Leadership in Top Management Teams on Firm Growth and Industry Evolution

Agarwal, Rajshree : Serguey Braguinsky : Atsushi Ohyama
『Strategic Management Journal』 Vol.41 Issue 3 pp. 467-498 （2020/03/01）

Product Innovation, Product Diversification and Firm Growth: Evidence from Japan's Early Industrialization

Braguinsy, Serguy : Atsushi Ohyama : Tetsuji Okazaki : Chad Syverson
No. 26665 NBER Working Paper （2020/01/01）

Optimal Uniform Capital Taxation in a Partially Automated Society

Koizumi, Hideto
『SSRN』 （2019/10/22）

Institutional Resource or Constraint? How Do Political Connections Embrace Technological Entrepreneurship in China?

2019 Annual Meeting （2019/06/28）

Conference Paper: submitted by Karube, Masaru