Hitotsubashi-RIETI International Workshop on Real Estate Market, Productivity, and Prices

開催案内

本ワークショップでは、不動産市場・生産性・価格という3つのテーマに関係する最新の研究成果を報告・討論します。

バブル崩壊後の長期低迷や世界的な金融危機を経験し、少子・高齢化が進行する日本経済においては、生産性の向上、デフレからの脱却、人口減少下における効率的な不動産市場の形成は、互いに関係しあう重要な課題です。たとえば、人口減少が物価と不動産をはじめとする資産価格にどのような影響をもたらすのか、技術革新やサービス化が進む中で生産性向上には何が必要か、不動産は生産性向上にどのような役割を果たしうるのかといった課題は、研究者のみならず政策立案者にとっても重要なテーマです。

今回は、これらの点に関係する14本の研究発表を行います。1日目(10月13日)は生産性と価格に、2日目(14日)は不動産に焦点を当てた発表をいたします。

イベント概要

  • 日時:2016年10月13日(木)10:00〜17:15
       2016年10月14日(金)9:45〜16:15
  • 会場:経済産業研究所セミナー室1121号室(〒100-8901 東京都千代田区霞が関1丁目3番1号 経済産業省別館11階)

Program

October 13 Thursday

10:00 Registration

10:30 Opening Remarks:

NAKAJIMA Atsushi (Chairman of RIETI)

NISHIMURA Kiyohiko (University of Tokyo and GRIPS)

Session 1:

10:45-11:30

Chair: ABE Naohito (Hitotsubashi U.)

Paul SCHREYER (OECD) "Has the Labour Share Declined?"

Discussant: MORIKAWA Masayuki (RIETI)

11:30-12:15

INOUE Tomoo (Seikei University) "Aging, Inflation and Property Prices"

Discussant: Marshall REINSDORF (IMF)

12:15-13:45 Lunch

12:45-13:15

Luncheon Speech: Erwin DIEWERT (UBC) "Residential Property Price Indexes for Tokyo Condominium Market" (Presentation by SHIMIZU Chihiro (Nihon University))

Session 2:

Chair: IWAISAKO Tokuo (Hitotsubashi University)

13:45-14:30

Marshall REINSDORF (IMF) "Can Mismeasurement of the Digital Economy Explain the U.S. Productivity Slowdown?"

Discussant: TAKIZAWA Miho (Toyo University)

14:30-15:15

ABE Naohito (Hitotsubashi University) "Estimation of Aggregate Demand and Supply Shocks Using Commodity Transaction Data"

Discussant: MIYAGAWA Tsutomu (Gakushuin University)

15:15-15:45 Coffee Break

Session 3:

Chair: NISHIYAMA Yoshihiko (Kyoto University)

15:45-16:30

KONISHI Yoko (RIETI) "Satisfaction, Loyalty and Productivity: A Case of Beauty Salon"

Discussant: NEMOTO Jiro (Nagoya University)

16:30-17:15

TONOGI Akiyuki (Hitotsubashi University) "Effects of New Goods and Product Turnover on Price Indexes"

Discussant: Paul SCHREYER (OECD)

October 14 Friday

9:15 Registration

Session 4:

Chair: XU Peng (Hosei University)

9:45-10:30

Dan MCMILLEN (NUS & University of Illinois at Urbana Champaign) "Quantile Regression and the Decomposition of House Price Distribution"

Discussant: Robert HILL (University of Graz)

10:30-11:15

MIYAKAWA Daisuke (Hitotsubashi University) "Geography and Realty Prices: Evidence from International Transaction-Level Data"

Discussant: NAKAJIMA Kentaro (Tohoku University)

11:15-12:00

OGAWA Kazuo (Osaka University) "Inefficiency in Rice Production and Land Use: A Panel Study of Japanese Rice Farmers"

Discussant: OHASHI Hiroshi (University of Tokyo)

12:00-13:30 Lunch

12:30-13:00

Luncheon Speech: YongHeng DENG (NUS) "The Economic Value of Green Building"

Session 5:

Chair: SHIMIZU Chihiro (Nihon University)

13:30-14:15

Robert HILL (University of Graz) "Weekly Hedonic House Price Indices and the Rolling Time Dummy Method: An Application to Sydney and Tokyo"

Discussant: HIGO Masahiro (Bank of Japan)

14:15-14:45 Coffee break

14:45-15:30

YOSHIDA Jiro (Pennsylvania State University) "Structure Depreciation and the Production of Real Estate Services"

Discussant: SUZUKI Michio (University of Tokyo)

15:30-16:15

UESUGI Iichiro (RIETI and Hitotsubashi University) "How Inheritance Affects the Real Estate Market in an Aging Economy: Evidence from Transaction and Registry Data"

Discussant: NAOI Michio (Keio University)

16:15 Concluding Remark:

UESUGI Iichiro (RIETI and Hitotsubashi University)