Masaki Nakabayashi

J-GLOBAL         Last updated: Nov 16, 2018 at 14:36
Masaki Nakabayashi
The University of Tokyo
Institute of Social Science
Job title
Ph.D(The University of Tokyo), MA(The University of Tokyo), BA(The University of Tokyo)

Research Areas


Academic & Professional Experience

Apr 2014
Professor of Economics, Institute of Social Science, The University of Tokyo
Apr 2008
Mar 2014
Associate Professor of Economics, Institute of Social Science, The University of Tokyo
Apr 2007
Mar 2008
Associate Professor of Economic History, Graduate School of Economics, Osaka University
Apr 2002
Mar 2007
Associate Professor of Economic History, Graduate School of Economics, Osaka University
Sep 2002
Aug 2004
Visiting Scholar, JSPS Fellow, Department of Economics, Stanford University


Apr 1995
Mar 1998
Doctoral Course, Graduate School of Humanities and Sociology, The University of Tokyo
Apr 1993
Mar 1995
Master Course, Graduate School of Humanities, The University of Tokyo
Apr 1989
Mar 1993
Department of Japanese History, Faculty of Letters, The University of Tokyo

Awards & Honors

Oct 2000
The silk manufacturers' association during the reorganization of the silk industry: The management of a business and financial institutions., The Business History Society of Japan Prize, The Business History Society
Nov 2003
An orgazation of modern capitalism: The governance of trade and the system of production in the development of the silk reeling industry., The 46th NIKKEI/JCER Prize, NIKKEI/JCER
Winner: NAKABAYASHI Masaki

Published Papers

Yu Mandai, Masaki Nakabayashi
Journal of Policy Modeling   40 305-327   Mar 2018   [Refereed]
© 2018 The Author(s) Regulation of foreclosure in a financial crisis has been a centuries-long conundrum to authorities. Japan in the fifteenth and sixteenth centuries had free financial, land and coercive labor markets. It raised the growth but r...
Masaki Nakabayashi
Economic History Review   71 267-289   Feb 2018   [Refereed]
© 2017 The Author. The Economic History Review published by John Wiley & Sons Ltd on behalf of Economic History Society. Modern contract law generally does not allow property rights or similar claims to be made against employees. This undermines...
Masaki Nakabayashi
Review of Development Economics   21 1401-1424   Nov 2017   [Refereed]
© 2016 John Wiley & Sons Ltd. Many economies have seen growth in industrial clusters during their industrialization, and the relational contracts between manufacturers and subcontractors are often the organizational basis of clusters. We predict...
Masaki Nakabayashi
Research in International Business and Finance   40 231-241   Apr 2017   [Refereed]
© 2017 The Author In the 1880s, Japan experienced its first stock investment boom, which was highly leveraged by the banking sector. In 1890, its first financial crisis occurred and triggered a de-leveraging process. With a high lower bound of the...
Review of Development Economics   18(2) 254-271   May 2014   [Refereed]


Finance during the rise of silk industrial capital
The journal of history   103(4) 36-78   1994
The reconstruction of sericulture and the international market : 1882-1886
The journal of agrarian history(The journal of political economy and economic history   (145) 1-20   1994
The rise of silk reeling captal : Kaimeisha in the period of the reconstruction of sericulture
The journal of agrarian history(The journal of political economy and economic history   (150) 18-37   1996
The study on fishery rights in the early modern era
The journal of early modern history   (18) 25-56   1996
The establishment of the rank-order wage system : the incentive system of silk reeling industry in the Suwa district
Socio-Economim History   64(6) 58-89   1999

Books etc

The Rise of Fiscal States:A Global History, 1500-1914
Bartolomé Yun-Casalilla, Patrick K. O'Brien with Francisco Comín Comín, eds. (Part:Joint Work, "The rise of a Japanese fiscal state"pp. 378-409)
Cambridge University Press 2012   2012   
Tetsuji Okazaki, ed., Production Organizations in Japanese Economic Development
Tetsuji Okazaki and Masaki Nakabayashi (Part:Joint Work)
London:RoutledgeCurzon   2007   
Masayuki Tanimoto, ed., The role of traditional factors in Japanese industrialisation 1880-1920
NAKABAYASHI Masaki (Part:Joint Work, The rise of a factory industry: silk reeling in Suwa district)
Oxford: Oxford University Press   2006   
The development of sericulture and transaction of cocoons.
Distribution of Commdities and the Tokyo market   2000   
Finance to the silk industry by the Yokohama Specie Bank : formation of the institution of advance
Yokohama in the modern era   1997   

Conference Activities & Talks

Legacy of Czar: The Russian Dual System of Schooling and Signaling.
Masaki Nakabayashi
65th Annual North American Meetings of the Regional Science Association International   10 Nov 2018   
Three-Party Game of Institutional Resilience versus Transition: A Model and Comparative History of China-Japan Revisited.
Masaki Nakabayashi
Midwest Macroeconomics Meetings   2 Nov 2018   
The dual structure of emerging Japan: Revisiting the economics of peasantry
Masaki Nakabayashi
The History of the Economic Thought Society Annual Conference 2018   31 Aug 2018   
Heritage from Czar: The Russian dual system of schooling and signaling (co-authored with Aigerim Zhangaliyeva)
Masaki Nakabayashi
Western Economic Association International 93rd Annual Conference   27 Jun 2018   
Weak growth with the strong family: Patriarchal origin of the welfare state capacity
Masaki Nakabayashi
The 2018 North American Meeting of The Econometric Society   24 Jun 2018   

Research Grants & Projects

Development of the modern silk industry in Japan.
The Other Research Programs
Modern economic development and formation of the factory system
The Other Research Programs
Production organization and economic development
The Other Research Programs