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

  • Program and Handouts


  • Date: October 13-14, 2016
  • Venue: Research Institute of Economy, Trade and Industry


October 13 Thursday

10:00 Registration

10:30 Opening Remarks:

NAKAJIMA Atsushi (Chairman of RIETI)

NISHIMURA Kiyohiko (University of Tokyo and GRIPS)

Session 1:


Chair: ABE Naohito (Hitotsubashi U.)

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

Discussant: MORIKAWA Masayuki (RIETI)


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

Discussant: Marshall REINSDORF (IMF)

12:15-13:45 Lunch


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)


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

Discussant: TAKIZAWA Miho (Toyo University)


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)


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

Discussant: NEMOTO Jiro (Nagoya University)


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)


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

Discussant: Robert HILL (University of Graz)


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

Discussant: NAKAJIMA Kentaro (Tohoku University)


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


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

Session 5:

Chair: SHIMIZU Chihiro (Nihon University)


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


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

Discussant: SUZUKI Michio (University of Tokyo)


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)