Charles Yuji Horioka

Asian Growth Research Institute

Research Professor

11-4, Ohtemachi, Kokurakita-ku

Kitakyushu, Fukuoka 803-0814

Japan

http://www.agi.or.jp

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Osaka University - Institute of Social and Economic Research (ISER)

6-1 Mihogaoka

Ibaraki, Osaka 567-0047

Japan

SCHOLARLY PAPERS

48

DOWNLOADS
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CITATIONS
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in Total Papers Citations

448

Scholarly Papers (48)

The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data

ISER Discussion Paper No. 676
Number of pages: 29 Posted: 01 Dec 2006
Charles Yuji Horioka and Junmin Wan
Asian Growth Research Institute and Osaka University - Osaka School of International Public Policy (OSIPP)
Downloads 322 (76,695)
Citation 20

Abstract:

Age Structure, China, Chinese Economy, Demographics, Dependency Ratio, Habit Formation, Household Saving, Household Saving Rate, Household, Inertia, Life Cycle Hypothesis, Life Cycle Model, Persistence, Saving, and Saving Rate

The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data

NBER Working Paper No. w12723
Number of pages: 36 Posted: 06 Dec 2006
Charles Yuji Horioka and Junmin Wan
Asian Growth Research Institute and Osaka University - Osaka School of International Public Policy (OSIPP)
Downloads 32 (401,395)
Citation 20

Abstract:

The Causes of Japan's Lost Decade: The Role of Household Consumption

Number of pages: 47 Posted: 14 Jun 2006
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 304 (81,797)
Citation 6

Abstract:

Japan, Japanese Economy, Lost Decade, Stagnation, Slowdown, Recession, Deflation, Economic Growth, Gross Domestic Product, GDP, Investment, Capital Formation, Household, Consumption, Household Consumption, Structure of Consumption, Saving, Household Saving, Precautionary Saving, Demand Side Factors

The Causes of Japan's "Lost Decade": The Role of Household Consumption

NBER Working Paper No. w12142
Number of pages: 47 Posted: 20 Jul 2006 Last Revised: 06 Sep 2010
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 36 (384,891)
Citation 6

Abstract:

3.

Are the Japanese Unique? An Analysis of Consumption and Saving Behavior in Japan

ISER Discussion Paper No. 606
Number of pages: 36 Posted: 23 Jun 2004
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 290 (77,232)
Citation 8

Abstract:

Japan, households, consumers, consumption, saving, wealth, borrowing, debt, portfolio

4.

A Survey of Household Saving Behavior in Japan

ISER Discussion Paper No. 684
Number of pages: 33 Posted: 16 Mar 2007
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 258 (83,599)
Citation 7

Abstract:

Household Saving Rate, Household Saving, Saving, Japan, Aging, Culture, Consumption

5.

The Stagnation of Household Consumption in Japan

CESifo Working Paper Series No. 1133; Institute of Social and Economic Research at Osaka University No. 599
Number of pages: 33 Posted: 31 Mar 2004
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 167 (142,449)
Citation 1

Abstract:

6.

Domestic Savings and International Capital Flows

NBER Working Paper No. w0310
Number of pages: 30 Posted: 27 Apr 2000
Martin S. Feldstein and Charles Yuji Horioka
National Bureau of Economic Research (NBER) and Asian Growth Research Institute
Downloads 137 (177,242)
Citation 306

Abstract:

7.
Downloads 131 (183,681)

Corporate Cash Holding in Asia

ISER Discussion Paper No. 889
Number of pages: 46 Posted: 25 Oct 2013
Charles Yuji Horioka and Akiko Terada-Hagiwara
Asian Growth Research Institute and Asian Development Bank
Downloads 68 (287,430)

Abstract:

corporate saving, borrowing constraints, cash flow, cash holdings, cash flow sensitivity of cash, Tobin’s q, Asia, Oriana Database, Global Financial Crisis

Corporate Cash Holding in Asia

Asian Development Bank Economics Working Paper Series No. 381
Number of pages: 29 Posted: 12 Aug 2014
Charles Yuji Horioka and Akiko Terada-Hagiwara
Asian Growth Research Institute and Asian Development Bank
Downloads 58 (312,682)

Abstract:

corporate saving, corporate investment, borrowing constraints, liquidity constraints, cash flow, cash holdings, cash flow sensitivity of cash, Tobin's q, firm size, productivity shocks, Asia, Oriana Database, financial sector development, global financial crisis

Corporate Cash Holding in Asia

NBER Working Paper No. w19688
Number of pages: 46 Posted: 10 Dec 2013
Charles Yuji Horioka and Akiko Terada-Hagiwara
Asian Growth Research Institute and Asian Development Bank
Downloads 5 (548,708)

Abstract:

8.

Tax Reform in Japan: The Case of Personal Taxes

ISER Discussion Paper No. 660
Number of pages: 28 Posted: 14 Jun 2006
Charles Yuji Horioka and Shizuka Sekita
Asian Growth Research Institute and Osaka University - Graduate School of Economics
Downloads 115 (197,919)

Abstract:

Consumption, consumption tax, Corlett and Hague, countercyclical policy, economic stimulus, efficiency, equity, excess burden, fiscal reconstruction, income tax, inverse elasticity rule, Japan, Japanese economy, optimal taxation, personal taxes, progressivity, Ramsey, regressivity, tax reform

9.

Do the Elderly Dissave in Japan?

ISER Discussion Paper No. 605
Number of pages: 16 Posted: 15 Jun 2004
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 82 (230,653)
Citation 3

Abstract:

Saving, dissaving, Japan, households, elderly, aged, life cycle hypothesis

10.

An Assessment of Consumption and Income Taxes in Japan

ISER Discussion Paper No. 624
Number of pages: 26 Posted: 05 Dec 2004
Charles Yuji Horioka and Shizuka Sekita
Asian Growth Research Institute and Osaka University - Graduate School of Economics
Downloads 80 (249,423)

Abstract:

Consumption tax, Corlett and Hague, economic stimulus, efficiency, equity, excess burden, fiscal reconstruction, income tax, inverse elasticity rule, Japan, Japanese economy, optimal taxation, pension reform, Ramsey, and tax reform

Borrowing Constraints and Consumption Behavior in Japan

ISER Discussion Paper No. 640
Number of pages: 43 Posted: 17 Aug 2005
Midori Wakabayashi and Charles Yuji Horioka
Osaka Prefecture University and Asian Growth Research Institute
Downloads 54 (323,989)
Citation 1

Abstract:

borrowing constraints, consumption behavior, life cycle, liquidity constraints

Borrowing Constraints and Consumption Behavior in Japan

NBER Working Paper No. w11560
Number of pages: 43 Posted: 28 Sep 2005 Last Revised: 04 Aug 2010
Midori Wakabayashi and Charles Yuji Horioka
Osaka Prefecture University and Asian Growth Research Institute
Downloads 25 (435,679)
Citation 1

Abstract:

12.

Adam Smith's Answer to the Feldstein-Horioka Paradox: The Invisible Hand Revisited

ISER Discussion Paper No. 778
Number of pages: 6 Posted: 29 May 2010
Ayumu Yasutomi and Charles Yuji Horioka
Institute for Advanced Studies on Asia - The University of Tokyo and Asian Growth Research Institute
Downloads 72 (253,141)

Abstract:

Feldstein-Horioka paradox, Feldstein-Horioka puzzle, capital mobility, capital flows, saving, investment, Adam Smith, invisible hand

13.

Are Japanese Households Financially Healthy, and If so, Why? A Group of Seven (G7) Comparison

The Japanese Economy, Vol. 39, No. 4, 2012, ISER Discussion Paper No. 859
Number of pages: 19 Posted: 03 Dec 2012
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 68 (251,226)

Abstract:

financial health, households, balance sheets, liabilities, consumer credit, consumer loans, consumer finance, personal finance, indebtedness, housing loans, mortgages, borrowing, assets, financial assets, housing assets, net worth, net wealth, saving, frugality, culture, religion, tradition

Do Borrowing Constraints Matter? An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan

ISER Discussion Paper No. 663
Number of pages: 36 Posted: 25 Jun 2006
Miki Kohara and Charles Yuji Horioka
Osaka School of International Public Policy and Asian Growth Research Institute
Downloads 41 (365,920)
Citation 3

Abstract:

Borrowing constraints, Liquidity constraints, Consumption, Life Cycle/Permanent Income Hypothesis, Permanent Income Hypothesis, Euler Equation, Households, Japan

Do Borrowing Constraints Matter? An Analysis of Why the Permanent Income Hypothesis Does Not Apply in Japan

NBER Working Paper No. w12330
Number of pages: 36 Posted: 14 Jul 2006
Miki Kohara and Charles Yuji Horioka
Osaka School of International Public Policy and Asian Growth Research Institute
Downloads 22 (452,724)
Citation 3

Abstract:

The Dissaving of the Aged Revisited: The Case of Japan

ISER Discussion Paper No. 665
Number of pages: 21 Posted: 04 Jul 2006
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 40 (369,581)

Abstract:

Saving, dissaving, consumption, aged, elderly, households, life cycle model, life cycle hypothesis, Japan

The Dissaving of the Aged Revisited: The Case of Japan

NBER Working Paper No. w12351
Number of pages: 21 Posted: 14 Jul 2006
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 21 (458,449)

Abstract:

Why Has Japan's Massive Government Debt Not Wreaked Havoc (Yet)?

ISER Discussion Paper No. 888
Number of pages: 27 Posted: 26 Oct 2013 Last Revised: 27 Sep 2016
Charles Yuji Horioka, Takaaki Nomoto and Akiko Terada-Hagiwara
Asian Growth Research Institute, Asian Development Bank and Asian Development Bank
Downloads 45 (352,154)

Abstract:

Government debt; government securities; sovereign debt; government debt financing; government debt holdings; foreign debt holdings; international capital flows; cross-border portfolio investments; safe haven; capital flight; flight to safety; household saving; home bias; Feldstein-Horioka; Japan

Why Has Japan's Massive Government Debt Not Wreaked Havoc (Yet)?

NBER Working Paper No. w19596
Number of pages: 27 Posted: 02 Nov 2013
Charles Yuji Horioka, Takaaki Nomoto and Akiko Terada-Hagiwara
Asian Growth Research Institute, Asian Development Bank and Asian Development Bank
Downloads 13 (505,040)

Abstract:

17.
Downloads 57 (310,996)
Citation 3

The (Dis)saving Behavior of the Aged in Japan

ISER Discussion Paper No. 763
Number of pages: 26 Posted: 24 Dec 2009
Asian Growth Research Institute and affiliation not provided to SSRN
Downloads 41 (365,920)
Citation 3

Abstract:

Age structure of the population, aged, aging, consumption, dissaving, elderly, households, Japan, life-cycle model, life-cycle hypothesis, retirement, saving, saving rate

The (Dis)Saving Behavior of the Aged in Japan

NBER Working Paper No. w15601
Number of pages: 26 Posted: 28 Dec 2009 Last Revised: 05 Sep 2010
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 16 (487,482)
Citation 3

Abstract:

The Determinants and Long-term Projections of Saving Rates in Developing Asia

ISER Discussion Paper No. 821
Number of pages: 37 Posted: 02 Nov 2011 Last Revised: 21 Nov 2011
Charles Yuji Horioka and Akiko Terada-Hagiwara
Asian Growth Research Institute and Asian Development Bank
Downloads 37 (380,933)
Citation 4

Abstract:

Domestic saving rates, saving rates, life cycle model, life cycle hypothesis, age structure of the population, demographics, aging, population aging, financial sector development, developing Asia, emerging Asia, China

The Determinants and Long-Term Projections of Saving Rates in Developing Asia

NBER Working Paper No. w17581
Number of pages: 37 Posted: 15 Nov 2011
Charles Yuji Horioka and Akiko Terada-Hagiwara
Asian Growth Research Institute and Asian Development Bank
Downloads 19 (470,184)
Citation 4

Abstract:

19.

Recent Trends in Consumption in Japan and the Other Group of Seven (G7) Countries

ISER Discussion Paper No. 861
Number of pages: 14 Posted: 19 Dec 2012
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 52 (277,465)

Abstract:

consumption, private consumption, GDP, economic growth, households, saving, wealth, employment conditions, unemployment rates, Group of 7 (G7), Japan

20.

Determinants and Long-Term Projections of Saving Rates in Developing Asia

Asian Development Bank Economics Working Paper Series No. 228
Number of pages: 29 Posted: 08 Dec 2010
Charles Yuji Horioka and Akiko Terada-Hagiwara
Asian Growth Research Institute and Asian Development Bank
Downloads 51 (310,996)
Citation 4

Abstract:

Domestic Saving, Panel Data

21.
Downloads 45 (345,947)
Citation 17

Are the Japanese Selfish, Altruistic, or Dynastic?

NBER Working Paper No. w8577
Number of pages: 55 Posted: 02 Nov 2001
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 30 (410,350)
Citation 17

Abstract:

Are the Japanese Selfish, Altruistic or Dynastic?

Japanese Economic Review, Vol. 53, pp. 26-54, 2002
Number of pages: 29 Posted: 12 Dec 2002
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 15 (493,341)
Citation 17
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Abstract:

Do Bequests Increase or Decrease Wealth Inequalities?

Institute of Social and Economic Research (ISER) Discussion Paper No. 729
Number of pages: 9 Posted: 08 Jan 2009
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 20 (464,231)
Citation 1

Abstract:

Bequests, Inheritances, Intergenerational transfers, Wealth inequalities, Life

Do Bequests Increase or Decrease Wealth Inequalities?

NBER Working Paper No. w14639
Number of pages: 9 Posted: 15 Jan 2009
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 20 (464,231)
Citation 1

Abstract:

23.

Aging, Saving, and Public Pensions in Japan

NBER Working Paper No. w13273
Number of pages: 41 Posted: 23 Jul 2007
Charles Yuji Horioka, Wataru Suzuki and Tatsuo Hatta
Asian Growth Research Institute, affiliation not provided to SSRN and National Graduate Institute for Policy Studies (GRIPS)
Downloads 37 (358,857)
Citation 9

Abstract:

24.

A Comment on Nishimura, Nakajima, and Kiyota's Does the Natural Selection Mechanism Still Work in Severe Recessions? Examination of the Japanese Economy in the 1990s

Number of pages: 5 Posted: 22 Jan 2007
Tae Okada and Charles Yuji Horioka
Osaka University - Graduate School of Economics and Asian Growth Research Institute
Downloads 35 (369,304)

Abstract:

Total Factor Productivity, Entry and Exit, Natural Selection, Natural Selection Mechanism, Directional Selection, Disruptive Selection, Diversifying Selection, Evolution, Banking Crisis, Forbearance Lending, Forcible Withdrawal of Loans, Reluctance to Lend, Credit Crunch, Recession, Japanese Economy

25.

Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives

NBER Working Paper No. w7463
Number of pages: 46 Posted: 05 May 2000
Charles Yuji Horioka, Hideki Fujisaki, Wako Watanabe and Takatsugu Kouno
Asian Growth Research Institute, Daiwa Securities SB Capital Markets Co. Ltd., Osaka University - Institute of Social and Economic Research (ISER) and Government of Japan - Ministry of Posts and Telecommunications
Downloads 33 (369,304)
Citation 17

Abstract:

The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States

ISER Discussion Paper No. 980
Number of pages: 33 Posted: 27 Sep 2016
Yoko Niimi and Charles Yuji Horioka
Asian Growth Research Institute and Asian Growth Research Institute
Downloads 20 (464,231)

Abstract:

bequests, education, inheritances, intergenerational transfers, inter vivos transfers, wealth distribution, wealth inequality

The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States

ADBI Working Paper 655
Number of pages: 25 Posted: 10 Aug 2017
Yoko Niimi and Charles Yuji Horioka
Asian Growth Research Institute and Asian Growth Research Institute
Downloads 6 (543,609)

Abstract:

bequests, education, inheritances, intergenerational transfers, inter vivos transfers, wealth distribution, wealth inequality, US

The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States

NBER Working Paper No. w22687
Number of pages: 33 Posted: 03 Oct 2016
Yoko Niimi and Charles Yuji Horioka
Asian Growth Research Institute and Asian Growth Research Institute
Downloads 1 (579,109)
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Abstract:

27.

Evolutionary Economics and Household Behavior

ISER Discussion Paper No. 912
Number of pages: 17 Posted: 19 Aug 2014
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 23 (358,857)

Abstract:

altruism; behavioral economics; bequest motives; consumption behavior; evolution; evolutionary biology; evolutionary economics; household behavior; loss aversion; neoclassical economics; selfishness; self-interest; technology; technological innovation; technological progress; utility maximization

The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data

ISER Discussion Paper No. 764
Number of pages: 31 Posted: 07 Jan 2010
Asian Growth Research Institute, Kyoto Sangyo University and affiliation not provided to SSRN
Downloads 15 (493,341)

Abstract:

Judicial enforcement, Credit allocation, Credit rationing, Bankruptcy, Screening, Household Behavior, Borrowing

The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data

NBER Working Paper No. w15631
Number of pages: 30 Posted: 11 Jan 2010
Charles Yuji Horioka and Shizuka Sekita
Asian Growth Research Institute and Kyoto Sangyo University
Downloads 5 (548,708)

Abstract:

The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data

International Review of Finance, Vol. 11, Issue 2, pp. 245-268, 2011
Number of pages: 24 Posted: 12 Jun 2011
Charles Yuji Horioka and Shizuka Sekita
Asian Growth Research Institute and Osaka University - Graduate School of Economics
Downloads 3 (559,539)
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Abstract:

Why Do Children Take Care of Their Elderly Parents? Are the Japanese Any Different?

ISER Discussion Paper No. 970
Number of pages: 36 Posted: 10 May 2016
Charles Yuji Horioka, Emin Gahramanov, Aziz Hayat and Xueli Tang
Asian Growth Research Institute, American University of Sharjah - Department of Economics, Deakin University - School of Accounting, Economics and Finance and Deakin University
Downloads 17 (481,814)

Abstract:

Altruism, attention, bequest motive, care, caregiving, contest success function, co-residence, elderly care, exchange motive, informal care, intergenerational transfers, Japan, parental care, parent-child relations, selfishness, social norms, strategic bequest motive

Why Do Children Take Care of Their Elderly Parents? are the Japanese Any Different?

NBER Working Paper No. w22245
Number of pages: 36 Posted: 24 May 2016
Charles Yuji Horioka, Emin Gahramanov, Aziz Hayat and Xueli Tang
Asian Growth Research Institute, American University of Sharjah - Department of Economics, Deakin University and Deakin University
Downloads 5 (548,708)
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Abstract:

30.

Revitalizing the Japanese Economy by Socializing Risk

ISER Discussion Paper No. 799
Number of pages: 26 Posted: 19 Dec 2010 Last Revised: 19 Feb 2011
Charles Yuji Horioka and Reiko Kanda
Asian Growth Research Institute and National Institute for Research Advancement (NIRA)
Downloads 22 (418,272)

Abstract:

Japanese economy, Policy regimes, Liberal regime, Social democratic regime, Conservative regime, Economic risks, Risk-coping mechanisms, Risk sharing, Socialization of risk, Social welfare, Redistribution, Government expenditures, Income gap, Income disparities, Income inequalities, Discrimination

31.

Is the Eldest Son Different? The Residential Choice of Siblings in Japan

NBER Working Paper No. w12655
Number of pages: 35 Posted: 20 Nov 2006 Last Revised: 01 Aug 2010
Midori Wakabayashi and Charles Yuji Horioka
Osaka Prefecture University and Asian Growth Research Institute
Downloads 22 (438,533)
Citation 2

Abstract:

Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans

ISER Discussion Paper No. 901
Number of pages: 41 Posted: 24 May 2014 Last Revised: 30 May 2014
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 18 (475,980)

Abstract:

Bequests; inheritances; estates; inter vivos transfers; intergenerational transfers; bequest motives; bequest division; bequest plans; household preferences; altruism; selfishness; self-interest; life cycle model; altruism model; dynasty model; primogeniture; strategic bequest motive; religion

Are Americans and Indians More Altruistic than the Japanese and Chinese? Evidence from a New International Survey of Bequest Plans

NBER Working Paper No. w20158
Number of pages: 40 Posted: 26 May 2014
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 2 (567,682)

Abstract:

33.

The Life and Work of Martin Stuart ('Marty') Feldstein

Steven N. Durlauf and Lawrence E. Blume, eds., New Palgrave Dictionary of Economics, Online Edition (Houndmills, Basingstoke, Hampshire, England: Macmillan Publishers Ltd.), Forthcoming, ISER Discussion Paper No. 905
Number of pages: 19 Posted: 22 Jul 2014 Last Revised: 05 Oct 2015
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 13 (454,199)

Abstract:

Council of Economic Advisers; Feldstein-Horioka paradox or puzzle; Harvard University; international capital mobility; Martin Stuart Feldstein; National Bureau of Economic Research; NBER; public finance; social insurance; social security; taxation

34.

A Comment on Nishimura, Nakajima, and Kiyota's "Does the Natural Selection Mechanism Still Work in Severe Recessions? Examination of the Japanese Economy in the 1990s"

NBER Working Paper No. w13298
Number of pages: 8 Posted: 09 Aug 2007
Tae Okada and Charles Yuji Horioka
Osaka University - Graduate School of Economics and Asian Growth Research Institute
Downloads 12 (480,165)
Citation 1

Abstract:

The Impact of Pre-Marital Sex Ratios on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited

ISER Discussion Paper No. 975
Number of pages: 39 Posted: 07 Jul 2016
Charles Yuji Horioka and Akiko Terada-Hagiwara
Asian Growth Research Institute and Asian Development Bank
Downloads 7 (538,509)

Abstract:

age structure of the population, competitive saving motive, dowries, household saving, life cycle hypothesis, marriage expenses, population control, saving for marriage, sex ratio, son preference, wedding expenses, Korea, India

The Impact of Pre-Marital Sex Ratios on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited

NBER Working Paper No. w22412
Number of pages: 40 Posted: 18 Jul 2016
Charles Yuji Horioka and Akiko Terada-Hagiwara
Asian Growth Research Institute and Asian Development Bank
Downloads 3 (559,539)
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Abstract:

36.

Aging, Savings, and Public Pensions in Japan

Asian Economic Policy Review, Vol. 2, No. 2, pp. 303-319, December 2007
Number of pages: 17 Posted: 11 Nov 2007
Charles Yuji Horioka, Wataru Suzuki and Tatsuo Hatta
Asian Growth Research Institute, University of Gakugei and National Graduate Institute for Policy Studies (GRIPS)
Downloads 10 (500,689)
Citation 6
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Abstract:

Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein-Horioka Paradox Revisited

Number of pages: 25 Posted: 21 Nov 2015
Charles Yuji Horioka, Akiko Terada-Hagiwara and Takaaki Nomoto
Asian Growth Research Institute, Asian Development Bank and The Cabinet Secretariat - Japan
Downloads 7 (538,509)

Abstract:

Cross-border portfolio investments, debt securities, Feldstein-Horioka paradox or puzzle, foreign debt holdings, Global Financial Crisis, government bonds or securities, home bias, international capital flows, safe haven, Japan, Asia

Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein-Horioka Paradox Revisited

NBER Working Paper No. w21734
Number of pages: 25 Posted: 23 Nov 2015
Charles Yuji Horioka, Akiko Terada-Hagiwara and Takaaki Nomoto
Asian Growth Research Institute, Asian Development Bank and The Cabinet Secretariat - Japan
Downloads 2 (567,682)
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Abstract:

38.

IS Imbalances and Current Account Surpluses in Japan: In Memory of Professor Ronald I. McKinnon

ISER Discussion Paper No. 945
Number of pages: 27 Posted: 25 Aug 2015
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 3 (464,581)

Abstract:

IS imbalances, IS balances, saving-investment balances, global imbalances, current account surpluses, current account balances, trade balances, saving, household saving, corporate saving, government saving, investment, population aging, Ronald McKinnon, Japan

39.

Aging and Saving in Asia

Pacific Economic Review, Vol. 15, Issue 1, pp. 46-55, February 2010
Number of pages: 10 Posted: 02 Feb 2010
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 3 (533,698)
Citation 7
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Abstract:

40.

Why Do People Save? A Micro‐Analysis of Motives for Household Saving in Japan

The Economic Journal, Vol. 107, Issue 442, pp. 537-552, 1997
Number of pages: 16 Posted: 31 Jan 2012
Charles Yuji Horioka and Wakö Watanabe
Asian Growth Research Institute and affiliation not provided to SSRN
Downloads 1 (550,592)
Citation 15
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Abstract:

41.

The Impact of Sex Ratios Before Marriage on Household Saving in Two Asian Countries: The Competitive Saving Motive Revisited

Asian Development Bank Economics Working Paper Series No. 494
Number of pages: 29 Posted: 20 Oct 2016
Charles Yuji Horioka and Akiko Terada-Hagiwara
Asian Growth Research Institute and Asian Development Bank
Downloads 0 (505,605)

Abstract:

age structure of the population, competitive saving motive, dowries, gender ratio, household saving rate, India, life cycle hypothesis, marriage expenses, population control, premarital sex ratio, Republic of Korea, saving for education, saving for marriage, saving rate, sex ratio, son preference

42.

A Possible Explanation of the ‘Exchange Rate Disconnect Puzzle’: A Common Solution to Three Major Macroeconomic Puzzles?

ISER Discussion Paper No. 977
Number of pages: 7 Posted: 14 Jul 2016
Charles Yuji Horioka and Nicholas Ford
Asian Growth Research Institute and University of Cambridge - Wolfson College
Downloads 0 (222,873)

Abstract:

Exchange Rate Disconnect Puzzle, exchange rate determination and volatility, Feldstein-Horioka puzzle or paradox, financial market integration, goods market integration, net transfers of capital, PPP puzzle, real interest rate equalisation

43.

Are the Japanese Unique? Evidence from Household Saving and Bequest Behavior

ISER Discussion Paper No. 973
Number of pages: 19 Posted: 05 Jun 2016
Charles Yuji Horioka
Asian Growth Research Institute
Downloads 0 (349,130)

Abstract:

Altruism, bequest behavior, bequest division, bequest motives, Confucianism, culture, economic rationality, family ties, households, household behavior, household saving, “ie” system, Japan, Nihonjinron, parent-child relations, rationality, saving behavior, social norms

44.

The 'Real' Explanation of the PPP Puzzle

NBER Working Paper No. w22198
Number of pages: 7 Posted: 02 May 2016
Nicholas Ford and Charles Yuji Horioka
University of Cambridge - Wolfson College and Asian Growth Research Institute
Downloads 0 (490,616)
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Abstract:

45.

The ‘Real’ Explanation of the PPP Puzzle

ISER Discussion Paper No. 969
Number of pages: 7 Posted: 25 Apr 2016
Nicholas Ford and Charles Yuji Horioka
University of Cambridge - Wolfson College and Asian Growth Research Institute
Downloads 0 (279,704)

Abstract:

Feldstein-Horioka paradox or puzzle, financial and goods market integration, net transfers of capital, PPP or purchasing power parity puzzle, real interest rate equalisation or parity, saving-investment correlations

46.

The "Real" Explanation of the Feldstein-Horioka Puzzle

NBER Working Paper No. w22081
Number of pages: 8 Posted: 14 Mar 2016
Nicholas Ford and Charles Yuji Horioka
University of Cambridge - Wolfson College and Asian Growth Research Institute
Downloads 0 (474,907)
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Abstract:

47.

The ‘Real’ Explanation of the Feldstein-Horioka Puzzle

ISER Discussion Paper No. 962
Number of pages: 8 Posted: 10 Mar 2016
Nicholas Ford and Charles Yuji Horioka
University of Cambridge - Wolfson College and Asian Growth Research Institute
Downloads 0 (362,266)

Abstract:

Feldstein-Horioka paradox, Feldstein-Horioka puzzle, international capital flows, international capital mobility, net transfers of capital, real interest rate equalization, real interest rate parity, saving-investment correlations, trade frictions

48.

A Cointegration Analysis of the Impact of the Age Structure of the Population on the Household Saving Rate in Japan

The Review of Economics and Statistics, Vol. 79, No. 3, August 1997
Posted: 20 Apr 1998
Charles Yuji Horioka
Asian Growth Research Institute

Abstract: