Course Information Year 2014 School School of Political Science and Economics

Course Title Asian Economy 01

Instructor

TODO, Yasuyuki spring semester Tues.2

Term/Day/Period

Category Japanese and Global Political Economies: Non-Required Courses Eligible Year 3rd year and above Credits 2 Classroom Course Key Campus waseda 01

11G4001124 Course Class Code English

Main Language Syllabus Information

Latest Update2014/03/05 22:45:00 Course Outline This course will cover sources of and obstacles to economic growth and development in Asian economies, focusing on the role of internationalization of firms, rural development, industrial clusters, the government, institutions, and aging population. In each topic, we will first review theory and evidence from growth theory, international economics, development economics, economic geography, and comparative institutional analysis and examine Asian experiences. Therefore, basic understanding of microeconomics (including game theory) and econometrics at the undergraduate level is required. Particular attention will be paid to Japan, South Korea, China, and Southeast Asia, although South Asia and Sub-Saharan Africa will also be covered whenever possible. Objectives The objectives of this course are (1) to understand characteristics of Asian economies and further (2) to understand related economic theory and evidence, particularly in growth theory, international economics, and development economics. Course Schedule 1:

Introduction 2: Sources of economic growth: General implications from growth theory 3: Sources of economic growth: General evidence from growth empirics 4: Sources of economic growth: Asian experiences 5: Rural development: Agricultural growth in Asia 6: Rural development: Transformation to nonfarm activities 7: Rural development: Roles of social networks 8: Rural development: Roles of microfinance 9:

 Internationalization of firms: General evidence from micro data 10: Internationalization of firms: Development of production networks in East Asia 11: Industrial clusters 12: The government and public sector 13:

Institutions 14: Students presentations 15: Students presentations Textbooks No particular textbook.

Reference

Sources of economic growth

Jones, Charles I. and Vollrath, Dietrich (2013), Introduction to Economic Growth, 3nd edition, W. W. Norton, New York. Aghion, Philippe and Peter Howitt (2009), The Economics of Growth, MIT Press. Durlauf, Steven N., Paul A. Johnson, and Jonathan R.W. Temple (2005), Growth Econometrics, in Philippe Aghion, and Steven N. Durlauf, eds.: Handbook of Economic Growth (Elsevier B.V., Amsterdam). Harrison, Ann and Andres Rodriguez-Clare (2010), Trade, Foreign Direct Investment, and Industrial Policy for Developing Countries, in D. Rodrik and M. R. Rosenzweig (eds.), Handbook of Development Economics (North Holland, Amsterdam).

Internationalization of firms Bernard, Andrew B., J. Bradford Jensen, Stephen Redding, and Peter K. Schott (2007), Firms in International Trade, Journal of Economic Perspectives 21, 105-130. Wakasugi, Ryuhei, Yasuyuki Todo, Hitoshi Sato, Shunichiro Nishioka, Toshiyuki Matsuura, Banri Ito, and Ayumu Tanaka (2008), The Internationalization of Japanese Firms: New Findings Based on Firm-Level Data, RIETI Discussion Paper, No. 08-E-036, Research Institute of Economy, Trade and Industry. Ahn, S., K. Fukao, and H. U. Kwon (2004), The Internationalization and Performance of Korean and Japanese Firms; An Empirical Analysis Based on Micro Data, Seoul Journal of Economics, 17(4), 439-482.

Rural development Foster, Andrew D., and Mark R. Rosenzweig (2010), Microeconomics of Technology Adoption, Annual Review of Economics 2, 395-424. Karlan D. S. and Morduch J. (2010), Access to Finance, in D. Rodrik and M. R. Rosenzweig (eds.), Handbook of Development Economics (North Holland, Amsterdam). Downloadable at http://karlan.yale.edu/p/HDE_June_11_2009_Access_to_Finance.pdf Christiaensen, Luc, and Yasuyuki Todo (2013), Poverty reduction during the rural-urban transformationthe role of the missing middle, World Development, http://dx.doi.org/10.1016/j.worlddev.2013.10.002.

Industrial clusters Fujita, Masahisa, and Jacques-Francois Thisse (2013), Economics of Agglomeration: Cities, Industrial Location, and Globalization (Cambridge University Press). Todo, Yasuyuki, Weiying Zhang, and Li-An Zhou (2011), Intra-Industry Knowledge Spillovers from Foreign Direct Investment in R&D: Evidence from a Chinese Science Park, Review of Development Economics 15, 569-585.

Government Aoki, Masahiko, Hyung-Ki Kim, and Masahiro Okuno-Fujiwara, eds. (1997), The Role of Government in East Asian Economic Development (Oxford University Press, Oxford). Todo, Yasuyuki, Tomohiko Inui, and Yuan Yuan (2012), Effects of Privatization on Exporting Decisions: Firm-level evidence from Chinese state-owned enterprises, RIETI Discussion Paper, No. 12-E-015.

Institutions Acemoglu, Daron, Simon Johnson, and James A. Robinson (2001), The Colonial Origins of Comparative Development: An Empirical Investigation, American Economic Review 91, 13691401. Aoki, Masahiko (2013), Historical sources of institutional trajectories in economic development: China, Japan and Korea compared, Socio-Economic Review, 11, 2, 233-63. (A working paper version available at http://www.adbi.org/workingpaper/2012/11/30/5341.historical.sources.intl.trajectories.economic.dev/) Aoki, Masahiko (2010), Corporations in Evolving Diversity: Cognition, Governance, and Institutions, Oxford University Press, Oxford. NTT Evaluation Rate Evaluation Criteria

Papers: 70 A term paper of 1500 words is required (up to 70 points). In addition, students who will give an oral presentation will be provided up to 30 points. Class Participation: 30 Class attendance is required (2 points for each class).