Agricultural Productivity Growth and Household Food Security Improvement in Nepal

Nepal is one of the poorest countries in the world. Using the panel data of the Nepal Living Standard Measurement Survey (NLSS), the poverty rate in 1995–96 was estimated to be about 40%, while in 2003–04 it was estimated at roughly 30%. Political instability has prevented the development of industry and threatened the food security of poor people, but scholarship on the factors contributing to food security is incomplete; while the determinants of food security have been mentioned in past research, prior studies have analyzed cross‐sectional data and thus could not have omitted heterogeneity bias. This paper analyzes the change in agricultural productivity in real terms and the impact on household food security by using the panel data of NLSS in 1995–96 and 2003–04. This analysis reveals that growth is observed in real agricultural productivity in spite of land segmentation; the growth in agricultural productivity in real terms has a positive impact on household food security; and the lower a farmer's income becomes, the more positive its impact on food security. Therefore, advancements in agricultural productivity play a critical role in promoting food security at the individual and household levels.     

Migration in search of good government

Residents both enjoy the policies adopted in their cities, and choose those policies. If some people can better evaluate policies than can others, then the most perceptive people will be the most willing to move to the city with better policies, thereby making that city more likely to adopt good policies in the future. Such migration can cause agglomeration, with some cities prospering and others failing.     

On pitfalls in the construction of family-based models of population growth: a note

Recently, several attempts have been made to construct an economic theory of population based on a formal theory of the family of the type developed by Becker in 1981, but there are serious limitations in all such efforts. The typical family's problem may have no solution, even with a well-behaved concave utility function. Moreover, even when the family's maximum problem has a unique solution, the phase diagram for the stock of capital may contain no steady state other than the origin. Finally, even when there exists a nontrivial steady state for the stock of capital, the community nevertheless may be destined for extinction. The first of these pitfalls concerns the internal consistency of the models, while the second and third concern the compatibility of the models with some gross facts of life. The pitfalls can be avoided, within the Becker framework by suitably restricting the family's utility and production functions, but the restrictions required are severe. This paper shows that, alternatively, the pitfalls sometimes can be avoided by going slightly outside the Becker framework, specifically, by modifying the typical family's budget constraint to allow explicitly for the cost of raising children. In particular, it is shown that, by this means, the pitfalls can be avoided even when the famil's utility function is log-linear, the example adduced by Kemp et al. In 1984 to demonstrate the existence of pitfalls. More precisely, it is shown that the family's maximum problem has a unique solution; that nontrival steady state exists; that, even if the steady state is locally unstable, the optimal trajectory tends neither to zero nor to infinity but to a 2-period limit cycle; and that survival is possible with quite general production functions. Thus, the end product is a logically consistent and reasonable model of economic development, with both population growth and capital accumulation firmly rooted in life-cycle family planning.     

The governance structures of Japanese credit associations and their objective functions

Although Japanese credit associations are non-profit cooperative financial institutions, they assume the same financial functions as regional banks that are stock companies and they could compete with each other in a regional market. On the other hand, the governance structures of credit associations tend to exhibit weaker discipline than those of regional banks, and, for this reason, the financial performances of credit associations and regional banks might differ. In this article, we empirically investigated whether the objective functions of credit associations are different from those of regional banks considering their different governance structures. As a result, although significant differences of profitability of these two types of institutions were not detected, it was demonstrated that credit associations can capture a greater share of deposits than regional banks and the former are more conservative in risk taking than the latter. From these, there is a possibility that Japanese credit associations have different objective functions from regional banks.     

Facebook e-Portfolios for Career Education Focused on Japanese Employment Practice: A Case Study

The authors propose the effectiveness of Facebook functions in the promotion of career education. In recent years, career education in Japanese universities has differed slightly from that in other countries. Japanese students are trained to be competitive in the job-hunting process; they need to obtain the technical skills and knowledge necessary to pass a company entrance examination or a university oral interview. This practice is in stark contrast with the intrinsic meaning of vocational/career education, which is the process by which students acquire the abilities and independence required by a certain industry. This meaning is manifested in the purpose of the career education program of Hokkai-Gakuen University’s Faculty of Business Administration. The program’s purpose is to foster independence in its students rather than the acquisition of skills for the job-hunting process. The professional independence of every student is important to their career development after graduating from the university. On the other hand, it is known that e-portfolios generally encourage students to record and assess their activities. To promote the activities that students tackle in the program, we introduced an e-portfolio using Facebook. This study shows the characteristics and achievements of our e-portfolio.     

Does branch network size influence positively the management performance of Japanese regional banks?

This article investigates whether branch network expansions by Japanese regional banks influence their management performances positively at a time when management environments surrounding regional financial institutions have become increasingly severe due to the population decreases and shrinkage of regional economies. Specifically, the effects of numbers of regional bank branches on their credit businesses and profits are empirically examined. The results indicated that regional banks with more branches can increase their loans and bills discounted as well as their small and mid-sized enterprises loans and bills discounted. Thus, establishing more branches is effective in increasing the total sum of loans and bills discounted by each bank because regional banks with many branches can make contact with more customers. On the other hand, return on assets and return on equity of regional banks with more branches were found to be lower. Therefore, regarding the cost performance of regional banks, establishing too many branches and maintaining branch networks that are too large can have negative effects on regional banks.     

Availability of Long‐term Care Facilities and Middle‐aged People's Labor Supply in Japan

This paper estimates the effect of the availability of long‐term care facilities in the prefecture or medical district where middle‐aged men and women reside on their labor supply. Prefecture‐ and medical district‐ level panel datasets of the capacity of long‐term care facilities are merged with individual level employment data, and each individual's employment status is regressed on the capacities of long‐term care facilities. I find no evidence for a positive impact of the long‐term care availability on labor supply, although the estimates are unstable in sign and not estimated precisely enough to draw any strong conclusions.     

Total Factor Productivity of the Japanese Rice Industry

We calculate partial factor productivity and total factor productivity (TFP) indices for rice production using panel data across 42 Japanese prefectures from 1996 to 2006, and perform panel unit root tests of TFP convergence across prefectures. We find that during this period, the partial factor productivity growth rates for capital, land and materials stagnated at the aggregate national level, as did the TFP growth rate, despite a large increase in labor productivity. We also identify evidence of a convergence in TFP across Japanese prefectures.     

ON THE SUSTAINABILITY OF GOVERNMENT BORROWING IN A DYNAMIC GENERAL EQUILIBRIUM

Abstract.  This paper constructs a dynamic general equilibrium model with money in consumers' utility functions and investigates the equilibrium dynamics of government's debt. The limitation level of the government borrowing for which a dynamic equilibrium and the no Ponzi Game condition are compatible with each other is explicitly derived. The critical level depends on the long-run interest rate, primary balance, money supply etc.     

Institutional elasticity as a significant driver of IT functionality development

Institutions drive innovation and stimulate broad diffusion. Not surprisingly, national systems of innovation are influenced by their institutional flexibility in response to changing market conditions. As nations move from industrial to information-based societies, a key factor governing institutional “elasticity” is how institutions integrate information technology (IT). Since IT functionality is intimately connected with institutional dynamics, unlike simple manufactured products such as refrigerators, IT's specific functionality is formed through dynamic interaction with institutional systems. Consequently, institutional elasticity is a critical factor in the functionality of IT and its subsequent self-propagating behavior.This paper analyzes the mechanism of IT functionality development, with special attention to the interaction of the technology with institutional systems.