Institute of Economic Research, Kyoto University
For Advanced Economic Analysis
The Institute during cherry blossom season
The Kyoto Institute of Economic Research (KIER) was established in April 1962 under the Incorporated National Universities Act, for the purpose of comprehensive business economics research.
Earlier, recognizing the importance of theoretical and empirical research in industrial economics, the Kyoto University Faculty of Economics had established a private economics research group in 1955 which became the Economic Research Foundation in 1960. To enable expansion of the research, an effort was begun to make the foundation an official part of the university. That came about in 1962 when the Diet appropriated a budget and wrote KIER into the National School Establishment Law. The Institute was launched on April 1, 1962. It began operating with two research departments, economic structures and comparative business systems. In 1964 departments were added for regional economics and resource economics, followed in 1966 by planning economics and industry statistics, bringing the total to six departments. Added thereafter were departments for environmental economics in April 1977, comparative economic systems in 1979, contemporary economic analysis for visiting researchers in April 1981, and two departments for overseas visiting researchers: comparative economic analysis in April 1983, and international political economy in April 1993.
In April 1986 the faculty was reorganized into twelve departments excluding visiting researchers, under four research divisions: quantitative industry analysis, economic planning, resources and environment, and comparative economics. Another department was added in April 1991 and a total of thirteen departments were in place. In April 1994 the Resources and Environment Department was expanded to a fifth division, and a total of fifteen departments were in place. The Research Center for Financial Engineering was founded in April 2000, and a department of applied financial engineering operated from October 2001 to September 2007 with funding from the Nomura Group. In April 2002 the Economic Planning Department was renamed the Complex Systems Department.
In April 2004 the five research divisions and one research center were reorganized as three divisions - information analysis, economic systems, and public policy - and two centers, for financial engineering and complex systems. A Tokyo satellite office opened the same year. The Center for Advanced Policy Studies was founded in July 2005.
The Institute offices and library were housed from May 1965 in a three-story steel and concrete building of 2,241.8m2, built with donations from the KIER Building Support Group. In April 1981 the interior was fully remodeled and a fourth story added. In FY 1997 an underground maintenance facility was added, bringing the building area to 3,150m2.
The Kyoto Institute for Economic Research developed as follows:
|March 1962||The Economic Research Foundation is attached to Kyoto University through an amendment of the Japan National School Establishment Law, promulgated as Law No. 36 of 1962.|
|April 1962||The Kyoto Institute for Economic Research is founded with two departments, economic structures and comparative business systems.|
|May 1962||Secretariat opens on the main campus of Kyoto University.|
|December 1962||KIER Building Support Group formed|
|August 1963||Office moved to temporary quarters in Yoshida Shimoadachicho (with a research facility on the west campus).|
|April 1964||Regional Economics Department and Resource Economics Department established, pursuant to Ministry of Education Order No. 10.|
|July 1964||The Building Support Group begins construction of the permanent building.|
Permanent building completed by the Building Support Group and transferred to KIER.
Moved to the new building.
|April 1966||Planning Economics Department and Industry Statistics Department established, pursuant to Ministry of Education Order No. 24.|
|April 1968||Reorganized with three research divisions: economic structure, resource economics, and statistics.|
10th anniversary celebration event, and commemorative lecture series presented for researchers.
In Osaka, a 10th anniversary event is held and a commemorative academic meeting is convened at Asahi Shimbun Hall.
|April 1976||Regional Economics Department becomes an empirical division.|
|April 1977||Environmental Economics Department established, pursuant to Ministry of Education Order No. 15.|
|April 1978||Planning Economics Department becomes an empirical division.|
|April 1979||Comparative Economic Systems Department established, pursuant to Ministry of Education Order No. 12.|
Contemporary Economic Analysis Department (for visiting researchers) established, pursuant to Ministry of Education Order No. 12.
Fourth floor added to the KIER building.
|November 1982||The 20th anniversary is observed with a memorial academic meeting at the Osaka Prefecture Cultural Information Center.|
|December 1982||For the 20th anniversary, a commemorative academic lecture series is presented for researchers.|
|April 1983||Comparative Economic Analysis Department (visiting overseas researchers) established, pursuant to Ministry of Education Order No. 11.|
|April 1986||Pursuant to Ministry of Education Order No. 19, the Institute is reorganized as twelve departments in four divisions: quantitative industry analysis, economic planning, resources and environment, and comparative economics.|
|April 1991||An additional department brings the total to 13 departments.|
For the 30th anniversary the Kyoto University Faculty of Economics presents a commemorative lecture.
In Toyonaka of Osaka prefecture, the 30th anniversary is marked with a commemorative symposium at the Senri Life Science Center.
|March 1993||Comparative Economic Analysis Department (visiting overseas researchers) discontinued as scheduled.|
|April 1993||International Political Economy Department (visiting overseas researchers) established, pursuant to Ministry of Education Order No. 19.|
|June 1994||Resources and Environment Department expanded to a fifth division. A total of fifteen departments are in operation.|
|April 2000||Founding of the Research Center for Financial Engineering.|
|October 2001||Applied Financial Engineering Department opens with a three-year sponsorship from the Nomura Securities Group.|
|April 2002||Economic Planning Division renamed the Complex Systems Division, pursuant to an amendment of the National School Establishment Law.|
|October 2002||The 40th anniversary is marked with a commemorative symposium and banquet at the Kyoto International Conference Center.|
|November 2002||In Tokyo the 40th anniversary is marked with a commemorative symposium and banquet at the National Center of Sciences (Hitotsubashi Hall).|
|February 2004||Lionel McKenzie, emeritus professor at the University of Rochester, receives an honorary doctoral degree from Kyoto University.br> McKenzie Library opens, housing the collection donated by Professor McKenzie.|
The Institute is reorganized into three divisions - information analysis, economic systems, and public policy - and two centers, for financial engineering and complex systems.
KIER Tokyo satellite office opens in Marunouchi (until January 31, 2012).
|October 2004||Applied Financial Engineering Department extended with a second three-year sponsorship from the Nomura Securities Group .|
|July 2005||Founding of the Center for Advanced Policy Studies.|
|August 2006||Sponsorship of the Applied Financial Engineering Department changed from the Nomura Securities Group to the Nomura Group.|
|April 2007||Educational Economics Department established with a three-year sponsorship from the Japan Kanji Aptitude Testing Foundation (until March 31, 2010).|
|October 2007||Mathematical Finance Department established in commemoration of Prof. Kiyosi Ito receiving the Gauss Prize, with a two-year sponsorship from the Nomura Group.|
|March 2008||Library moves to the KIER North Annex as the former library building is closed for seismic retrofitting.|
|August 2008||Marunouchi Office opens in Tokyo as a communication and coordination base in connection with the Keio University GOCE program (until January 31, 2012).|
|September 2008||Mita Office opened in Tokyo as an education and research base in connection with the Keio University GOCE program.|
|December 2008||816m2 of work and lecture space is obtained on the south side of the fourth floor in the Faculty of Engineering Integrated Research Building, Tower 2.|
|April 2009||Public Policy Department renamed the Economic Strategy Department.|
The sponsored Center for Research in Financial Engineering is reorganized as the Finance Department.
KIER is designated a joint usage/research center with emphasis on international collaboration in advanced economic theory.
International Unit for Integrated Complexity Science established (until March 31, 2015), to cooperate with the Survival Studies Unit.
|April 2011||The attached Center for Advanced Policy Studies becomes part of the division structure.|
|November 2012|| The 50th anniversary is observed with a commemorative lecture and banquet at Shiran Kaikan.
At the Tokyo office of Kyoto University, the 50th anniversary is marked with a commemorative lecture and banquet.
|March 2013||Seismic retrofitting of the KIER building is completed.|
|April 2013||Administrative functions are consolidated into the Faculty of Arts joint secretariat on the main campus, for greater efficiency (April 1, 2013).|
|July 2013||Administrative staff blasted full after the office of the Faculty of Arts joint secretariat completely relocated (July 1, 2013).|
|April 2014||Liaison Unit for Integrated Social Science established (until March 31, 2025).|