Introduction
Keio Economic Observatory (KEO) was established in 1959 at Keio University, for the purpose of conducting theoretical and empirical research on economic and industry studies in the context of the existing economic conditions of Japan. The institute consisted of the three sections: Economics, Law and Behavioral Science.
The Institute's researchers consist of specialists in various departments at Keio University as well as the Institute's own research staffs.
News
- KEO Discussion Paper No.191: "Colonial Pricing for the Metropole’s Market: Taiwanized Rice Prices in Japan During the 1930s" June 2025
- KEO Discussion Paper No.190: "Product Cycles and Phillips Curve:Micro Analysis" May 2025
- KEO Discussion Paper No.189: "Optimal Monetary Policy in a Liquidity Trap: Evaluations for Japan's Monetary Policy" October 2024
- KEO Discussion Paper No.188: "Liquidity Trap and Optimal Monetary Policy: Evaluations for U.S. Monetary Polic" May 2025
- KEO Discussion Paper No.185 Abstract : "Energy Price Surge and Widening Real Price Differentials in the Post-Pandemic Era: A Comparative Analysis of Seven Major Countries" March 2025
- KEO Discussion Paper No.184 Abstract : "Indirect Steel Trade in the Postwar Japanese Economy" February 2025
- KEO Discussion Paper No.183: "Geography and Reorganization of Municipal Borders: the Case of Japanese Municipal Mergers" November 2024
- KEO Discussion Paper No.182: "Causal inference with auxiliary observations" October 2024
- The Department of Macro Fiscal and Development Finance (DMDF), Ministry of Finance and Keio University, Tokyo, Japan signed a Memorandum of Understanding (MoU) on Implementation and Knowledge Transfer of Growth Accounting Framework (Productivity Database) for Bhutan at Thimphu on October 8, 2024.
The MoU was signed to develop the internal technical capacity of the DMDF to construct/update the productivity account for Bhutan through technical knowledge transfer from Keio University. The implementation of the MoU is tentatively scheduled for 1.5 years and will be supported through technical assistance of UN ESCAP.
The MoU was signed by Mr. Tshering Dorji, Director, DMDF and Mr. Koji Nomura, Director and Professor, Keio University. October 2024
- ReportAPO Productivity Databook 2024of the productivity statistics database of Asian countries was published. October 2024
- KEO Discussion Paper No.181: "Applications of cross-fit variance estimator for testing model specification, overidentification, and structural parameter hypotheses" July 2024
- KEO Discussion Paper No.180: "A Tale of Two Countries: Global Value Chains, the China Trade Shock, and Labor Markets" May 2024
- KEO Discussion Paper No.179: "Swinging Unstable Market after the Great Depression:Daily Rice Pricing of Japan’s Futures and Spot Trades" April 2024
- KEO Discussion Paper No.178:Haruo Kakehi and Taisuke Otsu "Finite-population inference via GMM estimator" March 2024
- ReportAPO Productivity Databook 2023of the productivity statistics database of Asian countries was published. December 2023
- KEO Discussion Paper No.177:Yuya Shimizu and Taisuke Otsu "Optimal testing in a class of nonregular models" October 2023
- KEO Discussion Paper No.176:Kozo Kiyota "The COVID-19 Pandemic and the World Machinery Trade Network" August 2023
- KEO Discussion Paper No.175:Kiyotaka Maeda "Distinctive Pricing in the Metropole of the Integrated Empire’s Economy:Japan’s Central and Local Rice Markets, 1900–1939" April 2023
- KEO Discussion Paper No.174:Akira Sasahara, Yumin Sui, and Emily Taguchi "Immigration, imports, and (im)mutable Japanese labor markets" February 2023
- KEO Discussion Paper No.173Abstract :Koji NOMURA and Sho INABA "Measuring Public Civil Engineering Output Prices Based on Bidding Data in Japan,1989–2021" October 2022
- KEO Discussion Paper No.172:Kozo Kiyota "Spatially Uneven Pace of Deindustrialization Within a Country" July 2022
- KEO Discussion Paper No.171:JaeBin Ahn,Theresa M. Greaney,Kozo Kiyota "Political Conflict and Angry Consumers:Evaluating the Regional Impacts of a Consumer Boycott on Travel Services Trade" june 2022
- KEO Discussion Paper No.170:Kiyotaka Maeda "Colonial Impact on Japan’s Economy:Dynamics of the Rice Market during the Interwar Period" june 2022
- KEO Discussion Paper No.169:Akira Sasahara "The Empirics of the China Trade Shock:A Summary of Estimation Methods and A Literature Review" May 2022
- KEO Discussion Paper No.168:Taisuke Otsu and Shiori Tanaka "Empirical likelihood inference for Oaxaca-Blinder decomposition" April 2022
- KEO Discussion Paper No.165:Taisuke Otsu "On large market asymptotics for spatial price competition models" January 2022
- KEO Discussion Paper No.164:Taisuke Otsu "Inference on conditional moment restriction models with generated variables" January 2022
- KEO Discussion Paper No.163:Kozo Kiyota "The COVID-19 Pandemic and the World Trade Network" November 2021
- ReportAPO Productivity Databook 2021of the productivity statistics database of Asian countries was published. November 2021
- KEO Discussion Paper No.162:Masahiro Mogaki "State traditions, policy networks, and governance:Emerging network neutrality co-regulation in Japan and the UK" June 2021
- KEO Discussion Paper No.161:Hideyuki Tomiyama and Taisuke Otsu "Inference on incomplete information games with multi-dimensional actions" April 2021
- KEO Discussion Paper No.158:Flora Bellone and Toshiyuki Matsuura "Import competition and product churning: Evidence from Japanese plant-product-level data" Januy 2021
- KEO Discussion Paper No.157:Kozo Kiyota, Sawako Maruyama,and Mina Taniguchi "The China Syndrome: A Cross-Country Evidence" January 2021
- KEO Discussion Paper No.156:Koji Nomura and Hiroshi Shirane "Measurement of Labor Shares and Quality-adjusted Labor Inputs in Vietnam, 1970–2018" December,2020
- KEO Discussion Paper No.155:Rikuto Onishi and Taisuke Otsu "Sample sensitivity for two-step and continuous updating GMM estimators" November,2020
- ReportAPO Productivity Databook 2020of the productivity statistics database of Asian countries was published. October 2020
- KEO Discussion Paper No.154:Kozo Kiyota "The Leontief Paradox Redux" October 2020
- KEO Discussion Paper No.153:Theresa M. Greaney, Kozo Kiyota "Japan’s Outward FDI Potential" March 2020
- KEO Discussion Paper No.152:Tadashi Ito, Toshiyuki Matsuura, Chih-Hai Yang "Revisiting Complementarity Between Japanese FDI and the Import of Intermediate Goods: Agglomeration Effects and Parent-firm Heterogeneity " ,February,2020
- KEO Discussion Paper No.151:Theresa M. Greaney, Kozo Kiyota "The Gravity Model and Trade in Intermediate Inputs" January 2020
- ReportAPO Productivity Databook 2019of the productivity statistics database of Asian countries was published. Oct 2019.
- KEO Discussion Paper No.150:Kozo Kiyota,Toshiyuki Matsuura, Yoshio Higuchi "Multinationals, Intrafirm Trade, and Employment Volatility" August,2019
- KEO Discussion Paper No.149:Taisuke Otsu, Keisuke Takahata and Mengshan Xu "Empirical likelihood inference for monotone index model" July,2019
- KEO Discussion Paper No.148:Taisuke Otsu and Go Taniguchi "Kolmogorov-Smirnov type test for generated variables" July,2019
- KEO Discussion Paper No.147: Masaya Nishihata and Taisuke Otsu "Conditional GMM estimation for gravity models" July,2019
- KEO Discussion Paper No.146:Takeo Hoshi,Kozo Kiyota "Potential for Inward Foreign Direct Investment in Japan" March,2019
- KEO Discussion Paper No.145:Kozo Kiyota,Toshiyuki Matsuura,Lionel Nesta "What’s Behind the Figures? Quantifying the Cross-Country Exporter Productivity Gap" ,December,2018
- ReportAPO Productivity Databook 2018of the productivity statistics database of Asian countries was published. Oct 2018.
- KEO Discussion Paper No.144:Koji Nomura, Kozo Miyagawa, and Jon D. Samuels "Benchmark 2011 Integrated Estimates of the Japan-U.S. Price Level Index for Industry Outputs" ,October,2018
- KEO Discussion Paper No.143:Koji Nomura and Naoyuki Akashi "Measuring Quality-adjusted Labor Inputs in South Asia, 1970–2015 " ,Decembe,2017
- ReportAPO Productivity Databook 2017of the productivity statistics database of Asian countries was published. 1th Oct 2017.
- KEO Discussion Paper No.141:Koji Nomura and Hiroshi Shirane "Redefining the Picture of Myanmar’s Economic Growth: Trade, Production, and Jade " ,Decembe,2016
- KEO Discussion Paper No.140:Tadashi Ito, Toshiyuki Matsuura, Chih-Hai Yang "Revisiting Complementarity between Japanese FDI and the Import of Intermediate Goods: Agglomeration Effects and Parent-firm Heterogeneity " ,November,2016
- ReportAPO Productivity Databook 2016of the productivity statistics database of Asian countries was published. 1th Oct 2016.
- KEO Discussion Paper No.138:Kozo Kiyota,Tetsuji Okazaki "Assessing the Effects of Japanese Industrial Policy Change during the 1960s" ,April,2016
- KEO Discussion Paper No.137: Toshiyuki Matsuura "mpact of Extensive and Intensive Margins of Foreign Direct Investment on Domestic Corporate Performance:Evidence from Japanese Automobile Parts Suppliers", Abstract" , March,2016
- Koji Nomura's column, Productivity trends in Asia after the Global Crisis,was publish at the VoxEU.org 18.Dec.2015
- ReportAPO Productivity Databook 2015of the productivity statistics database of Asian countries was published. 1th Oct 2015.
- KEO Discussion Paper No.135: Makoto Hasegawa,Kozo Kiyota "The Effect of Moving to a Territorial Tax System on Profit Repatriation: Evidence from Japan" ,Jun,2015
- KEO Discussion Paper No.134: Doan Thi Thanh Ha,Kozo Kiyota "Misallocation, Productivity, and Trade Liberalization: The Case of Vietnamese Manufacturing" , May,2015
- more..