Current accounts of Japanese airports

The paper examines the current account of 41 major airports. When we exclude depreciation costs, only seven airports are profitable. When depreciation is excluded, only three airports are making profits. Airports managed by local governments are very difficult to sustain financially without subsidies. Airports with more than 5.2 million passengers are profitable when depreciation is taken into account, however most local airports have fewer than 2.5 million passengers. When depreciation costs are excluded, airports need at least 2.7 million passengers to be viable.     

Trade policy preference,childhood sporting experience,and informal school curriculum: An examination of views of the TPP from the viewpoint of behavioral economics

We investigated how childhood education and experiences helped to form noncognitive skills and later, trade policy preferences. We used individual‐level data with approximately 10,000 observations collected in July 2016. Using the instrumental variables (IV) method, with sporting experience and informal education in the childhood as exogenous IV, we found that (1) sporting experiences and informal education lead people to have positive subjective views about the role of group work, competition, reciprocity, and generalized trust and (2) positive views about the role of group work, competition, reciprocity, and trust leads people to prefer the Trans‐Pacific Strategic Economic Partnership Agreement (TPP).     

Policy trade-off in the long run: A new Keynesian model with technological change and money growth

In this study, we introduce a constant rate of technological change and money growth into the standard new Keynesian model, in which both prices and nominal wages are supposed to be sticky. Using such a model, we examine whether a policy trade-off exists between curbing inflation and stabilizing the welfare-relevant output gap in the steady state. If we take only price stickiness into consideration, a policy trade-off does not occur. However, if both nominal wage stickiness and price stickiness are taken into consideration, a policy trade-off occurs.     

Mainland Chinese Canadian Immigrants' Leisure Satisfaction and Subjective Well-Being: Results of a Two-Year Longitudinal Study

ABSTRACT

The purpose of this study was to examine whether recent Chinese Canadian immigrants' (a) leisure satisfaction, happiness, and life satisfaction changed over a two-year period and (b) if leisure satisfaction affected their subjective well-being (SWB) over this same period. Participants completed an initial, trilingual telephone questionnaire (N = 220) and then were recontacted every six months for two years. Hierarchical linear modeling indicated that leisure satisfaction decreased over the two-year period, likely because of “leisure shock,” employment of a “withdrawn” strategy, or both. The results also showed that leisure satisfaction significantly and positively affected happiness and life satisfaction. Study limitations are identified, theoretical and practical implications are discussed, and future research recommendations are outlined.     

A Cross-Cultural/National Study of Canadian,Chinese, and Japanese University Students' Leisure Satisfaction and Subjective Well-Being

ABSTRACT

The purpose of this study was to examine whether Canadian, Chinese, and Japanese university students' leisure satisfaction affected their subjective well-being (SWB) and, if so, how this process was similar and different cross-culturally/nationally. A series of stepwise multiple regressions indicated that, in general, satisfying leisure significantly and positively impacted SWB across all three cultures, but there were also differences between (a) Canada and both China and Japan in terms of aesthetic leisure satisfaction and (b) China and Japan in terms of psychological and physiological leisure satisfaction. Overall, our results suggest that while satisfying leisure significantly, positively, and substantively impacts SWB in both Western and East Asian cultural contexts, culture frequently influences which specific elements are pertinent. This cross-cultural/national study has important theoretical and practical implications for the currently Western-centric leisure literature and for the understanding of the different roles leisure plays in enhancing SWB across cultures, respectively.     

Does Corruption Affect suicide? Econometric Evidence from OECD Countries

The question to what extent corruption influences suicide still remains unanswered. This paper examines the effect of corruption on suicide using a panel data approach for 24 OECD countries over the period 1995?C2004. Our results show that suicide rates are lower in countries with lower levels of corruption. We also find evidence that this effect is approximately three times larger for males than for females. It follows from these findings that corruption has a detrimental effect on societal well-being and its effect differs based on the social position of genders.     

Regional development or resource preservation? A perspective from Japanese appliance exports

This paper examines Japanese resource outflows in the form of exported used (and functional) products in 2007 by quantifying the unintentional metal exports for a number of specialty metals typically used in electronics and electrical equipment. We find that more than half of the indium and 20-30% of the barium, lead, antimony, strontium, zirconium, silver, gold, and tin in domestically discarded products were not recycled in Japan, but rather were exported in products to be used elsewhere. The destinations of these metals were mainly Asian countries with rudimentary recycling technology. These results demonstrate that although these metals could have been stockpiled domestically for future recovery and recycling, they were instead sent to countries where recycling of these scarce metals is unlikely. From a resource perspective, therefore, the free trade of used Japanese products compromises long-term domestic resource availability as it increases the quality of life in developing countries.     

创建亚洲货币单位的构想

亚洲货币单位有用于进行经济监测和交易的两种实现路径,基于这两种实现路径存在创建亚洲货币单位的短期、中期和长期方案。文中对用于经济监测的亚洲货币单位和偏离指数,以及用于交易的亚洲货币单位的特征和效果进行了分析。亚洲货币单位使用的必要性是区域内外汇汇率稳定和低廉的交易费用,要满足这些条件,网络的外部性、规模经济、区域内经济金融一体化将发挥重要的作用。同时,区域内的经济金融一体化和货币的交换性会促进亚洲货币单位的使用。