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Associate Professor Susumu Imai

Biography

Susumu Imai joined the Economics Discipline Group in January 2013. He has received his PhD in economics from the University of Minnesota in 1998 and has held an academic position at the Pennsylvania State University, Concordia University and Queen's University.
Please visit his personal website.

Associate Professor, Economics Discipline Group
Philosophy/Economics
Download CV  PDF 95 Kb, 4 pages
Phone
+61 2 9514 7720

Research Interests

Empirical Labor Economics, Empirical Industrial Organization, Empirical Trade, Bayesian Econometrics.

Journal articles

Imai, S., Katayama, H. & Krishna, K. 2013, 'A quantile-based test of protection for sale model', Journal of International Economics, vol. 91, no. 1, pp. 40-52.
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This paper proposes a new test of the Protection for Sale (PFS) model by Grossman and Helpman (1994). Unlike existing methods in the literature, our approach does not require any data on political organization. We use quantile and IV quantile regressions in our tests, using the data from Gawande and Bandyopadhyay (2000). Surprisingly, the results do not provide any evidence favoring the PFS model. We also explain why previous work may have found support for it. © 2013.
Ching, A.T., Imai, S., Ishihara, M. & Jain, N. 2012, 'A practitioner's guide to Bayesian estimation of discrete choice dynamic programming models', Quantitative Marketing and Economics, vol. 10, no. 2, pp. 151-196.
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Imai, S., Jain, N. & Ching, A. 2009, 'Bayesian estimation of dynamic discrete choice models', Econometrica, vol. 77, no. 6, pp. 1865-1899.
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We propose a new methodology for structural estimation of infinite horizon dynamic discrete choice models. We combine the dynamic programming (DP) solution algorithm with the Bayesian Markov chain Monte Carlo algorithm into a single algorithm that solves the DP problem and estimates the parameters simultaneously. As a result, the computational burden of estimating a dynamic model becomes comparable to that of a static model. Another feature of our algorithm is that even though the number of grid points on the state variable is small per solution-estimation iteration, the number of effective grid points increases with the number of estimation iterations. This is how we help ease the curse of dimensionality. We simulate and estimate several versions of a simple model of entry and exit to illustrate our methodology. We also prove that under standard conditions, the parameters converge in probability to the true posterior distribution, regardless of the starting values.
Imai, S., Katayama, H. & Krishna, K. 2009, 'Protection for sale or surge protection?', European Economic Review, vol. 53, no. 6, pp. 675-688.
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This paper asks whether the results obtained from using the standard approach to testing the influential Grossman and Helpman protection for sale model of political economy might arise from a simpler setting. A model of imports and quotas with protection occurring in response to import surges, but only for organized industries, is simulated and shown to provide parameter estimates consistent with the protection for sale framework. This suggests that the standard approach may be less of a test than previously thought.
Imai, S. 2009, 'The Inside Scoop: Acceptance and Rejection at the Journal of International Economics', Journal of International Economics, vol. 77, no. 1, pp. 120-132.
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There is little work on the inner workings of journals. What factors seem to affect the ability to publish in a journal? Could simple rules (which are already used by some journals) like the desk rejection of a significant minority of papers, help to streamline the process? At what cost? How well do journals seem to do in choosing papers? What can we say about the extent of type 1 and type 2 errors? Do editors seem to have uniform standards or are some harsher than others? We use data on submissions to the Journal of International Economics to help answer these questions.
Imai, S., Katayama, H. & Krishna, K. 2009, 'Is Protection Really for Sale? A Survey and Directions for Future Research', International Review of Economics and Finance, vol. 18, no. 2, pp. 181-191.
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This paper critically and selectively surveys the literature on protection for sale and discusses directions for future research in this area. It suggests that the standard approach needs to be augmented to provide more compelling tests of this model.
Imai, S., Cherkashin, I., Demidova, S. & Krishna, K. 2008, 'Evaluating Journal Performance using Inside Data', voxEU.org.
Imai, S. & Keane, M.P. 2004, 'Intertemporal Labor Supply and Human Capital Accumulation*', International Economic Review, vol. 45, no. 2, pp. 601-641.
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Imai, S. & Krishna, K. 2004, 'EMPLOYMENT, DETERRENCE, AND CRIME IN A DYNAMIC MODEL*', International Economic Review, vol. 45, no. 3, pp. 845-872.
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Erdem, T., Imai, S. & Keane, M. 2003, 'Brand and quantity choice dynamics under price uncertainty', Quantitative Marketing and Economics, vol. 1, no. 1, pp. 5-64.
Coulson, E., Hwang, S. & Imai, S. 2003, 'The benefits of owner-occupation in neighvorhoods', Journal of Housing Research, vol. 14, no. 1, pp. 21-48.
Coulson, E., Hwang, S. & Imai, S. 2003, 'The value of owner-occupation in neighvorhoods', Journal of Housing Research, vol. 13, no. 2, pp. 153-174.