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Research at OU

Humanities & Social Sciences

Kusago, T.
(Global Collaboration Center and Graduate School of Human Sciences)
Rethinking of Economic Growth and Life Satisfaction in Post-WWII Japan-A Fresh Approach
Social Indicators Research, 81, 79-102 (2007)

GDP has been utilized by academics and policy makers to indicate the economic well-being of the people. However, economic growth measures cannot capture fully the overall well-being of the people. This paper has tested quality of economic growth in Japan after World War II as to whether it has brought about positive outcome in the well-being of its citizens. It has shown that there are clear gaps between objective measures and subjective measures to indicate the overall well-being of the people.

2 Masumoto, K.*1; Yamaguchi, M.; Sutani, K.; Tuneto, S.*2; Fujita, A.*1; Tonoike, M.
*1(Graduate School of Human Sciences)
*2(Graduate School of Medicine)
Reactivation of Physical Motor Information in the Memory of Action Events
Brain Research, 1101, 102-109 (2006)

3 Mine, Y.
(Global Collaboration Center and Graduate School of Human Sciences)
The Political Element in the Works of W. Arthur Lewis: The 1954 Lewis Model and African Development
The Developing Economies, XLIV, 329-355 (2006)

The Nobel Prize economist W. Arthur Lewis was actively involved in politics and policymaking. Through a careful rereading of Lewis’s original texts including archival records, the article demonstrates that his emphasis on peasant-led agricultural development and advocacy of political pluralism were consistently manifested in his writings on tropical regions, especially on Africa, contrary to the conventional interpretation of his 1954 model of “Economic Development with Unlimited Supplies of Labour,” which has tended to pin much faith on top-down industrialization.

(Graduate School of Human Sciences)
Long-Term Grooming Partnerships Between Unrelated Adult Females in a Free-Ranging Group of Japanese Monkeys (Macaca fuscata)
American Journal of Primatology, 69, 652-663 (2007)

5 Ogawa, K.
(Institute of Social and Economic Research)
Why Commercial Banks Held Excess Reserves: The Japanese Experience of the Late 1990s
Journal of Money, Credit and Banking, 39, 241-257 (2007)

6 Ono, Y.; Shibata, A.
(Institute of Social and Economic Research)
Long-run Specialization
Review of International Economics, 14, 1-15 (2006)

Using a dynamic international trade model we find that even a slight difference in technology causes at least one country to specialize in an industry. Thus, a country's industrial policy that realizes even slight technological superiority in an industry either drives the other country out of this industry or leads the home country to specialize in this industry. Each country's specialization pattern is found to depend on the subjective discount rate, preference parameters, labor endowments and technological conditions.

7 Serizawa, S.
(Institute of Social and Economic Research)
Pairwise Strategy-Proofness and Self-Enforcing Manipulation
Social Choice and Welfare, Vol.26, 305-331(2006)

In this paper, we advocate “effective pairwise strategy-proofness” for social choice rules. It is the requirement that the social choice rule should be immune to unilateral manipulation and “self-enforcing” pairwise manipulation in the sense that no agent of a pair has the incentive to betray his partner. We apply this axiom to three types of economies: public good economy, pure exchange economy, and allotment economy. Although effective pairwise strategy-proofness is seemingly a much weaker axiom than group strategy-proofness, effective pairwise strategy-proofness characterizes social choice rules that are analyzed by using different axioms in the literature.

8 Takii, K.
(Osaka School of International Public Policy)
The Value of Adaptability-Through the Analysis of a Firm's Prediction Ability
Journal of Economics and Business, 59, 144-162 (2007)

In this paper, we define a firm’s adaptability by its ability to correctly predict and, therefore, appropriately adapt to an unexpected change in the environment. Given this definition of adaptability, we develop a model that allows for empirical examination of the impact of a firm’s adaptability on its expected profits. The theory shows that a firm’s adaptability can be estimated by the squared correlation between an unexpected change and the firm’s reaction. The estimates show that adaptability has a positive impact on the average profit rate and the market value of a firm. We also find that an increase in risk is correlated with a rise in adaptability.


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