NOSE Manabu

Development Economics, Growth, Public Economics

• Stagnation of Innovation in Japan: Evidence from matched firm and patent data (October 13, 2026 - March 31, 2029)

2012 Ph.D. in Economics, Brown University
2007 M.A. in Economics, Brown University
2002 B.A. in Economics, Keio University

2025 - present Associate Professor, Faculty of Economics, Keio University
2020 - 2025 International Monetary Fund（Fiscal Affairs Department）
2019 - 2020 Project Associate Professor, Graduate School of Public Policy, University of Tokyo
2017 - 2019 Project Assistant Professor, Graduate School of Public Policy, University of Tokyo
2013 - 2017 International Monetary Fund（Fiscal Affairs Department, African Department）
2011 - 2013 World Bank
2002 - 2006 Japan Bank for International Cooperation

Papers Published in Refereed Journals

• The Digital Divide in Firm Resilience: New Evidence from Global Crises, (with Jiro Honda), Economic Modelling, 2026, vol. 164, 107812.
• Fiscal Expectations, the Sovereign–Bank Nexus, and Bond Yields in Emerging and Developing Economies, Journal of Macroeconomics, 2026, vol. 88, 103762
• Enhancing Efficiency of Public Expenditure Through GovTech, International Tax and Public Finance, 2026, forthcoming.
• Connectivity Gains from Regional Integration in the Greater Mekong Subregion, (with Yesim Elhan-Kayalar, Konstantin Kucheryavyy, Yasuyuki Sawada, Ruo Shangguan), Asian Economic Policy Review, 2026, 21(2).
• Evaluating Fiscal Supports on the Public-Private Partnerships: A Hidden Risk for Contract Survival, Oxford Economic Papers, 2025, vol. 77(3), pp. 806-828.
• The Impact of the COVID-19 on Japanese Firms: Mobility and Resilience via Remote Work, (with Daiji Kawaguchi and Sagiri Kitao), International Tax and Public Finance, 2022, vol. 29, pp.1419-1449.
• Decentralized Provision of Disaster Aid: Aid Fragmentation and the Poverty Implications, International Tax and Public Finance, 2022, vol. 29, pp. 1098-1127.
• Determinants of the Distance Between Sovereign Credit Ratings and Sub-sovereign Bond Ratings: Evidence from Emerging Markets and Developing Economies, (with Sanket Mohapatra and Dilip Ratha), Applied Economics , 2018, vol. 50(9), pp. 934-956.
• Estimation of Drivers of Public Education Expenditure: Baumol’s Effect Revisited. International Tax and Public Finance, 2017, vol. 24(3), pp. 512-535.
• Long-term Impacts of Global Food Crisis on Production Decisions: Evidence from Farm Investments in Indonesia, (with Futoshi Yamauchi), Journal of Development Studies, 2016, vol. 52(11), pp. 1665-1683.
• Micro Responses to Disaster Relief Aid: Design Problem for Aid Efficacy, Economic Development and Cultural Change, 2014, vol. 62(4), pp. 727-767.

2026 - present Visiting Professor, National Tax College