TSURU Kotaro, D.Phil.

​

Position:

• Professor, Graduate School of Business & Commerce, Keio University

• Faculty Fellow/Program Director, RIETI (Research Institute of Economy, Trade and Industry)

​​

Contact:

• Address: Graduate School of Business & Commerce, Keio University, 2-15-45, Mita. Minato-ku,Tokyo, 108-8345, Japan

• E-mail: tsuru＊fbc.keio.ac.jp (please change ＊to @)

​

Education:

• 2003 D.Phil., Economics, University of Oxford, St. Antony's College

• 1991 M.Phil., Economics, University of Oxford, St. Antony's College

• 1984 B.S., Mathematics, the University of Tokyo

 

Experience:

• 2012 - Professor, the Graduate School of Business & Commerce, Keio University

• 2001 - 2012 Senior Fellow, Research Institute of Economy, Trade and Industry (RIETI)

• 2000 - 2001 Research Economist, Institute of Monetary and Economic Studies, Bank of Japan

• 1995 - 2000 Staff Economist, Economics Department, OECD, Paris

• 1984 - 1995 Government Economist, Economic Planning Agency of the Japanese Government (EPA)

​

Expertise：

• Comparative Institutional Analysis, Organizational Economics, Labor Market Institutions

 

Short Bio:

• Kotaro Tsuru is Professor at Keio University, Graduate School of Business and Commerce. Prior to that, Dr. Tsuru was Senior Fellow at the Research Institute of Economy, Trade and Industry (RIETI) (2001-2012), an economist at Bank of Japan (2000-2001), Economics Department, OECD, Paris (1995-2000) and Economic Planning Agency of Japanese Government (1984-1995). His research includes comparative institutional analysis and labor market institutions. Dr. Tsuru received his D. Phil. in economics from University of Oxford.

​

Articles/Columns:(to the Rieti's site. Please go to "Articles".)

​

Refereed Journal Publications:

• “Reforming the Regular Employment System: Toward a New Norm of Job-Specific Employment Contracts”, Social Science Japan Journal, 2017 jyw045. doi: 10.1093/ssjj/jyw045, Oxford University Press

​

• “International Transmission of the 2007–2009 Financial Crisis: Evidence from Japan”（coauthored with Kaoru Hosono and Miho Takizawa） Japanese Economic Review 67(3), pp.295-328, 2016

​

• “The Impact of Demand Shock on the Employment of Temporary Agency Workers : Evidence from Japan during the Global Financial Crisis" (coauthored with Kaoru Hosono and Miho Takizawa）, Seoul Journal of Economics 28(3), pp.265-283, 2015

​

• “What Does a Temporary Help Service Job Offer? : Empirical Suggestions from a Japanese Survey”（coauthored with Hiroko Okudaira, Fumio Ohtake, Koichi Kume）, Journal of the Japanese and International Economies 28, pp.37-68, 2013

​

• “Employment Protection and Productivity: Evidence from Firm-level Panel Data in Japan”（coauthored with Hiroko Okudaira and Miho Takizawa）, Applied Economics 45(15), pp.2091-2105, 2013

​

• “Managerial Entrenchment and Antitakeover Provisions in Japan”（coauthored with Kaoru Hosono and Miho Takizawa）, Seoul Journal of Economics 24(3), pp.287-331, 2011

​

• “Japanese Corporate Governance in Transition”, Seoul Journal of Economics, 13(3), pp.253-278, 2000

 

Contribution to Books:

• "Consolidation of banks in Japan: Causes and consequences"  (coauthored with Kaoru Hosono and Koji Sakai), Chapter 8 in T. Ito and A. Rose eds. Financial Sector Development in the Pacific Rim, East Asia Seminar on Economics Volume 18, NBER、University of Chicago Press, 2009

 

Discussion Papers:

​2010-

• “Size-dependent Policy and Firm Growth” (coauthored with Kaoru Hosono and Miho Takizawa) RIETI DP 17-E-070

​

• “The Impact of a Demand Shock on the Employment of Temporary Agency Workers: Evidence from Japan during the global financial crisis”(coauthored with Kaoru Hosono and Miho Takizawa ) RIETI DP 14-E-046

​

• “International Transmission of the 2008-09 Financial Crisis: Evidence from Japan”(coauthored with Kaoru Hosono and Miho Takizawa) RIETI DP 13-E-010

​

•  “Employment Protection and Productivity: Evidence from firm-level panel data in Japan”(coauthored with Hiroko Okudaira and Miho Takizawa), RIETI DP 11-E-078 

​

• “What Does a Temporary Help Service Job Offer? Empirical suggestions from a Japanese survey”(coauthored Hiroko Okudaira, Fumio Ohtake, Koichi Kume）RIEI DP 11-E-077

​

• ”International Transmission of the 2008 Crisis: Evidence from the Japanese stock market” (coauthored with Kaoru Hosono and Miho Takizawa), RIETI DP 11-E-050

​

• “Managerial Entrenchment and Anti-takeover Provisions in Japan” (coauthored with Kaoru Hosono and Miho Takizawa), RIETI DP 10-E-022

​

2005-2009

• "Mergers, innovation, and productivity:　Evidence from Japanese manufacturing firms"(coauthored with Kaoru Hosono and Miho Takizawa), RIETI DP 09-E-017

​

• “Consolidation of banks in Japan: Causes and consequences”(coauthored with Kaoru Hosono and Koji Sakai), NBER Working Paper No. 13399, 2007

​

• "Consolidation of Cooperative Banks (Shinkin) in Japan: Motives and Consequences"　(coauthored with Kaoru Hosono and Koji Sakai), RIETI DP 06-E-034

​

• “Banking crises, deposit insurance, and market discipline: Lessons from the Asian crises”(coauthored with Kaoru Hosono and Hiroko Iwaki), RIETI DP 05-E-029

 

2000-2004

• “Bank regulation and market discipline around the world: Empirical evidence and its policy implications”(coauthored with Kaoru Hosono and Hiroko Iwaki), RIETI DP 04-E-031

​

• “Depositors' selection of banks and the deposit insurance system in Japan: Empirical evidence and its policy implications”, RIETI DP 03-E-024

​

• “Bank relationships and firm performance: Evidence from selected Japanese firms in the electrical machinery industry”, RIETI DP 01-E-004

​

• “Careers and incentives of Japanese “fast-track” bureaucrats: A career-path dependent model perspective”, RIETI DP 01-E-005

​

• "The choice of lending patterns by Japanese banks during the 1980s and 1990s: The causes and consequences of a real estate lending boom", BOJ/IMES, Discussion Paper No. 2001-E-8, 2001

​

• "Should banks choose collateral or non-collateral lending?: The impact of project's risk, bank's monitoring efficiency and land price inflation", BOJ/IMES, Discussion Paper No. 2001-E-7, 2001

​

• “Finance and growth: Some theoretical consideration and a review of the empirical literature”, OECD Economics Department Working Papers NO: 228, 2000

 

Books:

• The Japanese Market Economy System: Its Strength and Weakness, LTCB International Library Selection No. 4, LTCB International Library Foundation, 1996

​