ESRI International Conference 2021
Corporate Investment for Enhancing Innovation and Productivity

• Japanese version
• English version

1. Date and Time

 December 18, 2021, 8:00-12:00 (JST)

2. Zoom webinar

3. Program

 8:00-

Welcome Speech :  Cabinet Office

 8:02-

Video Message : YAMAGIWA Daishiro , Minister of State for Economic and Fiscal Policy

video: message

 8:05-

Keynote Speech : Jared Bernstein , Member of the Council of Economic Advisers

video: keynote speech

 8:35-

First Session:

Effectiveness of different R&D policies aiming accelerating

Investment and innovation to raise productivity

Chair  :   Anil Kashyap,Professor, University of Chicago

Presentation：  John van Reenen, Professor, London School of Economics

• slides: Policies to accelerate investment and innovation to raise productivity(PDF-Format 1.81 MB)

Comment :  SUZUKI Michio, senior research fellow, ESRI

• slides: Comment on "Policies to accelerate investment and innovation to raise productivity" by John Van Reenen(PDF-Format 376 KB)

video: session 1

 9:15-

Short Break

 9:20-

Second Session:

Investment and Productivity: returns and rents to intangible capital

Chair ： SAITO Jun, Senior Research Fellow, Japan Center for Economic Reasearch

Presentation : Janice Eberly, Professor, Northwestern University

• slides: Investment and Productivity: returns and rents to intangible capital(PDF-Format 616 KB)

Comment : SHIOJI Etsuro, Professor, Hitotsubashi University

• slides: Discussion on Eberly: "Investment and Productivity: returns and rents to intangible capital" (PDF-Format 784 KB)

video: session 2

10:00-

Short Break

10:15-

Third Session:

Japanese firms’cash holding, investment behavior, and growth dynamics: Some facts from microdata.

Chair ： HORI Masahiro,  Professor, Hitotsubashi University

Presentation： MIYAKAWA Daisuke,  Associate Professor, Hitotsubashi University

      ： HOSONO Kaoru,  Professor, Gakushuin University

      ： OIKAWA Koki,  Professor, Waseda University

      ： TAKIZAWA Miho,  Professor, Gakushuin University

      ： UEDA Kozo,  Professor, Waseda University

• slides: Business Dynamism in Japan: Some Expositions(PDF-Format 1.25 MB)

Comment: Steven Kaplan,  Professor, University of Chicago

• slides: Discussion on "Business Dynamism in Japan: Some Expositions"(PDF-Format 908 KB)

video: session 3

10:55-

Short Break

11:00-

Fourth Session:

The role of leading technology firms in deterring entry and the effect on investment.

Chair ： Alan Auerbach,  Professor, University of California

Presentation： Raghuram Rajan,  Professor, University of Chicago

• slides: Kill Zone(PDF-Format 544 KB)

Comment: OHASHI Hiroshi,  Professor, University of Tokyo

• slides: Comments on“Kill Zone”(PDF-Format 320 KB)

video: session 4

11:40

Closing Speech :  Cabinet Office

4. Participants List

Participants List, ESRI International Conference(PDF-Format 580 KB)