Why Do Economies Stop Growing?
Professor Kyoji Fukao of the Institute of Economic Research, Hitotsubashi University in Tokyo will give an honorary lecture on 'The Structural Causes of Japan's Lost Decades' at the XVI April International Academic Conference on Economic and Social Development. He talked to HSE English News Website in the run up to the conference.
— How did your cooperation with the HSE start and what are your current research interests?
— I know Professor Ilya B. Voskoboynikov of the Laboratory for Research in Inflation and Growth at HSE through the World KLEMS project of Harvard University. The World KLEMS initiative was set up to promote and facilitate the analysis of growth and productivity patterns around the world, based on a growth accounting framework. Ilya is in charge of data for Russia and I am in charge of data for Japan.
I am excited to take part in HSE April International Academic Conference this year and to meet with experts on urgent economic problems from all over the world. I am particularly interested in the problem ofsecular stagnation and its causes, that is to say the situation when country is experiencing very low or no economic growth.
— How can international experts influence and add value to geopolitical decisions?
— I believe that by providing new, clear and balanced perspectives on the world economy, we can effect small changes in public opinion.
— What would you say is your teaching slogan?
— In my opinion, the significance of empirical research in the social sciences can be compared to that of experiments in the natural sciences. Of utmost importance for such empirical research is the availability of long-term statistics and micro-data.
— Besides your work in economics, you have carried out research in history - about the measurement of wages between the middle ages and the present. Are you interested in Russian history? Are you planning to see some places of interest in Moscow?
— I like history. Therefore, I would like to visit the Red Square, some museums, some places related to the October Revolution. I also love Lev Nikolayevich Tolstoy’s ‘War and Peace,’ so I would like to visit some places which are mentioned in the story, if anything of interest remains.
Prepared by Anna Chernyakhovskaya for HSE website
Classical economic theory assumes that economic agents are entirely self-interested and rational in their pursuit of material well-being, and that they are not affected by external factors. As a result, externalities are not considered in any way when constructing economic models. Nevertheless, some sociologists argue for a revision of modern economic theory to incorporate the ethical dimensions of economic agents' behaviour. Kirill Borissov, Professor of the Faculty of Economics at the European University in St Petersburg, spoke at the XXIV Yasin (April) International Academic Conference and shared his observations from creating his own economic model incorporating the factor of envy.
On June 19 the Higher School of Economics signed a cooperation agreement with Hitotsubashi University in Japan. The agreement covers mutual visits for lecturers and researchers, student exchange programmes, as well as joint research projects, academic events, and publications.
Nina Ershova, Research Fellow at HSE Institute for Industrial and Market Studies, examined Japanese companies' experience of investing in Russia. Her paper "Challenges for foreign investors in Russia: the case of Japanese companies" is based on findings from a survey of 32 companies — members of the Japan Business Club in Moscow, conducted between April and June 2015, and content analysis of twenty interviews with Japanese business, academic and NGO representatives conducted between 2008 and 2015.
On the 15th May, 2015 Shimada Nobuo gave a lecture at HSE on Japanese Military Culture. Shimada Nobuo brought some swords from his own workshop and allowed his audience to hold them while he talked about the enduring Japanese interest in weapons of war and the Japanese soul. Owner of the Yamashiroya gallery and specialist on ancient artefacts, Mr Nobuo advises the Japanese ministry of culture and works with the Hermitage and other museums in St Petersburg and around the world helping them with their Japanese collections. He gave his talk in Japanese with Russian translation. He gave this interview to the HSE News Service.
On April 30, the Laboratory for Comparative Social Research sponsored a seminar in St. Petersburg by Associate Researcher Francesco Sarracino on ‘Do people care for a sustainable future? Evidence from happiness data’. Sarracino is an economist at Luxembourg’s National Institute of Statistics and Economic Studies (STATEC) and specializes in social capital, economic growth and well-being; he recently spoke at length with the HSE news service about his research interests, implications of measuring happiness and wellbeing for policymakers, and his experience collaborating with the Higher School of Economics.
The sixth ‘New View’ conference for junior Japan experts has come to an end. The conference was organized by HSE’s School of Asian Studies together with the Japanese culture division of the Margarita Rudomino All-Russia State Library for Foreign Literature (Japan Foundation) and the Association of Japanese Studies.
On September 30, Yaroslav Kuzminov, rector of the Higher School of Economics, and representatives of the HSE met with a delegation from Japan’s Tohoku University led by the university’s president, Susumu Satomi. Both sides signed university-wide agreements on cooperation and academic and students exchange between the universities in the fields of linguistics, economics and management and other areas of mutual interest.
The HSE Institute of Regional Studies and Urban Planning held a panel discussion entitled ‘Developing Cities and Infrastructure’ as part of the Russian-Japanese forum ‘Points of Intersection: Business, Technology, Culture’ that took place in Moscow. The discussion focused on development opportunities in Moscow and the adoption of solutions to urban problems already applied in Tokyo.
'Human Capital, Quality of Life and Infrastructure around Cities Should Be the New Areas for Investment' Says Yaroslav Kuzminov
On the 28th February at a plenary session of the economic forum in Krasnodar 'New sources of growth for Russia' attended by deputy PM Arkady Dvorkovich and ex-minister of finance Aleksei Kudrin, HSE Rector Yaroslav Kuzminov set out three important sources of economic growth. This article presents the main points of his address.
The experts expect changes in the world energy market, and Russia and Japan can collaborate to develop a concept for energy security in the Asian region. Nobuo Tanaka, former Executive Director of the International Energy Agency, recently delivered a lecture at the HSE.