Publications

  1. "Current Account Dynamics under Information Rigidity and Imperfect Capital Mobility," with  M. Shintani and T. Tsuruga, Journal of International Money and Finance 92, April 2019, 153-176 (DOI:10.1016/j.jimonfin.2018.12.001)

  2. "Reexamination of the Serendipity Theorem from the Stability Viewpoint,h with A. Momota and T. Sakagami, Journal of Demographic Economics 85, March 2019, 43-70 (DOI:10.1017/dem.2018.21).

  3. "Specializations, Financial Constraints, and Income Distribution,h with T. Kunieda and K. Nishimura, International Review of Economics & Finance 56, July 2018, 3-14   (DOI: 10.1016/j.iref.2018.03.012).

  4. "Unemployment, Nonstandard Employment, and Fertility: Insights from Japanfs Lost 20 Years,h with J. M. Raymo, Demography 54 (6), December 2017, 2301-2329 (DOI: 10.1007/s13524-017-0614-y).

  5. "A Simple Model of Contract Enforcement Institutions," with T. Kunieda and K. Okada, Pacific Economic Review 22 (3), August 2017, 410-437 (DOI: 10.1111/1468-0106.12090).

  6. "Entrepreneurs, Financiers, and Boom-Bust Cycles," with T. Kunieda, Macroeconomic Dynamics 21(3), April 2017, 785-816 (DOI: 10.1017/S1365100515000681).

  7. "Corruption, Financial Development, and Economic Growth: Theory and Evidence from an Instrumental Variable Approach with Human Genetic Diversity," with T. Kunieda and K. Okada, Economic Notes 45(3), November 2016, 353-392  (DOI: 10.1111/ecno.12061).

  8. "Asset Bubbles, Economic Growth, and a Self-fulfilling Financial Crisis," with T. Kunieda,  Journal of Monetary Economics 82, September 2016, 70-84 (DOI: 10.1016/j.jmoneco.2016.07.001).

  9. "Collateral Constraints and the Current Account: Theory and Evidence," with T. Kunieda and K. Okada,  Economic Inquiry 54(1), January 2016, 633-651 (DOI: 10.1111/ecin.12251).

  10. "Overconfidence, Underconfidence, and Welfare," with T. Asano and T. Kunieda, Journal of Institutional and Theoretical Economics171(2), June 2015, 372-384 (DOI: 10.1628/093245615X14273596659161).

  11. "Taxing Capital is a Good Idea: The Role of Idiosyncratic Risk in an OLG Model," with R. Hiraguchi, Journal of Economic Dynamics and Control 52, March 2015, 258-269 (DOI:10.1016/j.jedc.2014.12.003).

  12. "Credit Market Imperfections and Macroeconomic Instability," with T. Kunieda, Pacific Economic Review 19(5), December 2014, 592-611 (DOI: 10.1111/1468-0106.12085).

  13. "Corruption, Capital Account Liberalization, and Economic Growth: Theory and Evidence," with T. Kunieda and K. Okada, International Economics Volume 139, October 2014, 80–108 (DOI: 10.1016/j.inteco.2014.03.001).

  14. "Natural Capital Investment under Knightian Uncertainty," with T. Asano, Environment and Development Economics 19(05), October 2014, 529-547 (DOI: 10.1017/S1355770X13000661).

  15. "Finance and Inequality: How Does Globalization Change Their Relationship?" with T. Kunieda and K. Okada, Macroeconomic Dynamics 18(05), July 2014, 1091-1128 (DOI: 10.1017/S1365100512000843).

  16. "Complex Behavior in a Piecewise Linear Dynamic Macroeconomic Model with Endogenous Discontinuity," with T. Asano and T. Kunieda, Journal of Difference Equations and Applications 18(11), November 2012, 1889-1898 (DOI: 10.1080/10236198.2011.601301).

  17. "Asset Bubbles, Credit Market Imperfections, and Technology Choice," with T. Matsuoka, Economics Letters 116(1), July 2012, 52-55 (DOI: /10.1080/10236198.2011.601301) .

  18. "Endogenous Growth and Fluctuations in an Overlapping Generations Economy with Credit Market Imperfections," with T. Kunieda, Asia-Pacific Journal of Accounting and Economics 18(3), December 2011, 333-357 (DOI:10.1080/16081625.2011.9720887).

  19. "Optimal Pricing and Quality Choice of a Monopolist under Knightian Uncertainty," with T. Asano, International Journal of Industrial Organization 29 (6), November 2011, 746-754 (DOI:10.1016/j.ijindorg.2011.04.002).

  20. "Risk and Uncertainty in Health Investment," with T. Asano, European Journal of Health Economics 12(1), 2011, 79-85 (DOI: 10.1007/s10198-010-0238-2).

  21. "Dynamic Game Model of Endogenous Growth with Consumption Externalities," with K. Hori, Journal of Optimization Theory and Applications 145(1), 2010, 93-107, (DOI: 10.1007/s10957-009-9631-3).

  22. "Time Patience and Specialization Patterns in the Presence of Asset Trade," with Y. Ono, Journal of Money, Credit and Banking 42, 2010, 93-112 (DOI: 10.1111/j.1538-4616.2009.00279.x).

  23. "International Asset Trade, Capital Income Taxation, and Specialization Patterns," with K. Futagami, A. Kaneko and Y. Ono, Journal of Public Economic Theory 10, 2008, 743 - 763 (DOI: 10.1111/j.1467-9779.2008.00384.x).

  24. "International and Intergenerational Aspects of Capital Income Taxation in an Endogenously Growing World Economy," with Y. Iwamoto, Review of International Economics 16, 2008, 383-399 (DOI:10.1111/j.1467-9396.2007.00719.x).

  25. "The Role of Expectations in a Specialization-driven Growth Model with Endogenous Technology Choice," with S. Kuwahara, Division of Labor & Transaction Costs 2, 2006, 55-69 (DOI: 10.1142/S0219871106000287).

  26. "Environmental Transfers against Global Warming: A Credit-based Program," with N. Matsueda and K. Futagami,  International Journal of Global Environmental Issues 6, 2006, 47-72 (DOI: 10.1504/IJGENVI.2006.009400).

  27. "Long-run Specialization," with Y. Ono, Review of International Economics 14, January 2006 (DOI: 10.1111/j.1467-9396.2006.00557.x).

  28. "Credit Constraints and the Current Account: A Test for the Japanese Economy," with T. Kunieda, Journal of International Money and Finance 24, December 2005 (DOI:10.1016/j.jimonfin.2005.08.013).

  29. "Fiscal Spending, Relative Price Dynamics, and Welfare in a World Economy," with Y. Ono, Review of International Economics 13, May 2005.

  30. "Endogenous Growth Cycles in an Overlapping Generations Model with Investment Gestation Lags," with A. Kitagawa, Economic Theory 25, April 2005.

  31. "Budget Deficits and Economic Growth," with K. Futagami, Public Finance 53, 1998 (Published in 2003).

  32. "Strategic Interactions in a Growth Model with Infrastructure Capital," Metroeconomica 53, November 2002.

  33. "Government Spending, Interest Rates, and Capital Accumulation in a Two-Sector Model," Canadian Journal of Economics 34, No.4 with Y. Ono, November 2001.

  34. "Long Gestation in an Overlapping Generations Economy: Endogenous Cycles and Indeterminacy of Equilibrium," Journal of Mathematical Economics 35, No.1, with A. Kitagawa, February 2001.

  35. "Growth and Welfare Effects of Monetary Expansion in an Overlapping-generations Economy," Japanese Economic Review 51, No.3, with K. Mino, September 2000.

  36. "Growth Effects of Bubbles in an Endogenous Growth Model,"Japanese Economic Review 51, No.2, with K. Futagami, June 2000.

  37. "Welfare Effects of Bubbles in an Endogenous Growth Model," Research in Economics 53, with K. Futagami, December 1999.

  38. "Foreign Tax Credit and the Current Account," International Tax and Public Finance 6, with Y. Iwamoto, May 1999.

  39. "Intrinsic Bubbles, Target Zones, and Investment under Uncertainty,"  Journal of Economic Research 3, No.2, November 1998.

  40. "Capital Mobility in the World Economy: An Alternative Test,"  Journal of International Money and Finance 17, No.5, with M. Shintani, October 1998.

  41. "Keeping One Step Ahead of the Joneses: Status, the Distribution of Wealth, and Long Run Growth," Journal of Economic Behavior and Organization 36, with K. Futagami, July 1998.

  42. "Monetary Policy, Overlapping Generations, and Patterns of Growth," Economica 62,@No.246, with K. Mino, May 1995.

  43. "Fundamentals Uncertainty, Bubbles, and Exchange Rate Dynamics," Journal of International Economics 38, No.3/4, with S. Ikeda, May 1995.

  44. "A Cointegration Test of the Optimal Seigniorage Model,h Economics Letters 44, No.4,@with Y. Fukuta, April 1994.

  45. "Dynamic Analysis of an Endogenous Growth Model with Public Capital," Scandinavian Journal of Economics 95, No.4, with K. Futagami and Y. Morita, December 1993.

  46. "Endogenous Economic Growth Theory," in Japanese, Economic Studies Quarterly 44, No.5, December 1993.

  47. "The Long-run Effects of Subsidies for Investment on Foreign Asset Holdings," in Japanese, Economic Review 44, January 1993.

  48. "Fundamentals-dependent Bubbles in Stock Prices," Journal of Monetary Economics 30, No.1, with S. Ikeda, October 1992.

  49. "Spill-over Effects of Supply-side Changes in a Two-country Economy with Capital Accumulation," Journal of International Economics 33, No.1/2, with Y. Ono, August, 1992.

  50. "Capital Income Taxation and the Current Account in a Small Open Economy,"Journal of International Money and Finance 10, No.4, with Y. Iwamoto, December 1991.

  51. "Testing the Optimal Seigniorage Model in the Five Developed Countries," in Japanese, JCER Economic Journal, No.21, May 1991.


Discussion Papers and Mimeographs

  1. "Cturrent Account Dynamics under Information Rigidity and Imperfect Capital Mobility," with  M. Shintani and T. Tsuruga, Globalization and Monetary Policy Institute Working Paper No. 335, Federal Reserve Bank of Dallas, January 2018.
  2. "The Research Rankings of Major Economics Departments and Institutions in Japan, 2014: Evaluation by the Publications and Citation Output," in Japanese, with K. Futagami, K. Kamiya, and S. Serizawa, April 2015

  3. "The Research Rankings of Major Economics Departments and Institutions in Japan; Evaluation by the Publications and Citation Output," in Japanese, (with K.Futagami, K.Kamiya, S.Ohta, Y.Sawada, S.Serizawa), January 2011.

  4. "Capital Income Taxation and Specialization Patterns: Investment Tax vs. Saving Tax," with Y. Ono, March 2006.

  5. "Financial Cycles," with I. Ide, May 2003.

  6. "Environmental Pollution Control in a Multi-Agent Endogenous Growth Model," September, 2000.

  7. "International Pollution Control and Long-Run Growth: Nonlinear Strategies and the Indeterminacy of Equilibria," August 2000.

  8. "The Fluctuations in Investment, Saving and the Current Account in the Japanese Economy," with T. Okumura, December 1996.



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Last Updated: 29 March, 2019
by Akihisa Shibata