Sato / Negishi Developments in Japanese Economics

1. Auflage 2014
ISBN: 978-1-4832-7010-4
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 306 Seiten, Web PDF

Developments in Japanese Economics provides information pertinent to the fundamental aspects of the developments in Japanese economics. This book presents the process innovative aspect of Japanese science and technology. Organized into three parts encompassing 12 chapters, this book begins with an overview of the heterogeneous capital goods model that is stable even with an infinitely short forecast. This text then emphasizes that the changes in capital accumulation are relevant for economic growth and decline. Other chapters consider the examples of how Japanese economists apply theory to empirical endeavors. This book discusses as well the durable capital stock of the Japanese manufacturing industries. The final chapter attempts to investigate the validity of the theory of self-dual demand functions, which can be integrated into consumer's utility function, by using both Japanese and U.S. data. This book is a valuable resource for economists, sociologists, political scientists, financial historians, statisticians, and research workers.

Autoren/Hrsg.

Sato, Ryuzo

Negishi, Takashi

Inhaltsverzeichnis

1;Front Cover;1
2;Developments in Japanese Economics;4
3;Copyright Page;5
4;Table of Contents;6
5;Contributors;8
6;Preface;10
7;Part I: ECONOMIC THEORY;16
7.1;Chapter 1. Rules of Thumb in Expectations Formation and Stability of Growth Dynamics;18
7.1.1;1;18
7.1.2;2;20
7.1.3;3;22
7.1.4;4;26
7.1.5;5;35
7.1.6;Appendix;37
7.1.7;References;44
7.2;Chapter 2. Balance of Payments Adjustment under Price Rigidity;46
7.2.1;1. Introduction;46
7.2.2;2. Short-Run Equilibrium and Comparative Statics;47
7.2.3;3. The Long-Run Equilibrium and the Adjustment Process;51
7.2.4;4. Fiscal Policy and the Supply of Money;55
7.2.5;References;56
7.3;Chapter 3. Market Equilibrium and Optimum Social Welfare in a Two-Region Economy;58
7.3.1;1. Introduction;58
7.3.2;2. The Social Optimum for a Two-Region Economy and Its Equivalence to the Market Equilibrium Under Certain Assumptions;60
7.3.3;3. Existence of Region-Specific Factors and Discrepancy Between the Social Optimum and the Market Equilibrium;64
7.3.4;4. Public Sector Goods as Region-Specific Factors or in Addition to Region-Specific Factors;68
7.3.5;5. Concluding Remarks;70
7.3.6;Mathematical Appendix: On the Existence of a Solution to System II;71
7.3.7;References;72
7.4;Chapter 4. Economic Expansion, Industrialization, and Dutch Disease Economics in the Context of International Monetary Economics;74
7.4.1;1. Introduction;74
7.4.2;2. Basic Model;75
7.4.3;3. Economic Expansion and Conditions for Industrialization;81
7.4.4;4. The Introduction of Nontradeables;88
7.4.5;5. Dutch Disease Economics;93
7.4.6;References;97
8;Part II: THEORY AND APPLICATIONS;98
8.1;Chapter 5. Expenditure Patterns and International Trade in Quesnay's Tableau Economique;100
8.1.1;1;100
8.1.2;2;102
8.1.3;3;105
8.1.4;4;109
8.1.5;5;111
8.1.6;References;112
8.2;Chapter 6. Progress of Japanese National Accounts in an International Perspective of the SNA Review;114
8.2.1;1. Introduction;114
8.2.2;2. Towards the Revision of the 1968 SNA;115
8.2.3;3. Structure and Sectoring of National Accounts;117
8.2.4;4. A Simplified and Integrated System of National Accounts and Its Application to the Japanese Economy;122
8.2.5;References;138
8.3;Chapter 7. Revaluation of Durable Capital Stock in JapaneseManufacturing and Its Application for the Measurement of Potential Growth Rate During the OPEC Decade;140
8.3.1;1. Introduction;140
8.3.2;2. Outline of Berndt and Wood's Method;141
8.3.3;3. An Alternative Method of Revaluation;143
8.3.4;4. Data Base for Revaluation of the Capital Stock of Japanese Manufacturing;146
8.3.5;5. Revaluation of Durable Capital Stock: Empirical Results;151
8.3.6;6. Measuring the Gap between Actual Production and Potential Production Capacity;156
8.3.7;References;159
8.4;Chapter 8. Why Is Japan's Private Saving Rate So High?;160
8.4.1;1. An International Comparison of Saving Rates;161
8.4.2;2. The Specification of the Model;165
8.4.3;3. Estimation Results;170
8.4.4;4. An Analysis of the Factors Responsible for Japan's High Private Saving Rate;177
8.4.5;5. Future Trends in Japan's Private Saving Rate;181
8.4.6;6. Summary;187
8.4.7;Data Appendix;187
8.4.8;References;191
9;Part III: COMPARATIVE ANALYSIS;194
9.1;Chapter 9. Labor Market Segmentation, Human Resource Utilization, and Economic Development: The Case of Japan in Historical Perspective;196
9.1.1;1. Introduction;196
9.1.2;2. Incomplete Proletarianization and Homogenization (1870s to the 1920s);198
9.1.3;3. Modern Segmentation: Exploration (1920s to World War II);200
9.1.4;4. Segmentation: Consolidation (World War II to the 1970s);203
9.1.5;5. Segmentation: Decay (1970s to Date);207
9.1.6;6. Conclusion;208
9.1.7;References;210
9.2;Chapter 10. A Comparative Study on Financial Development;212
9.2.1;1. Introduction;212
9.2.2;2. The Theoretical Implications of the New Typology;213
9.2.3;3. The Case of Great Britain;216
9.2.4;4. The Case of the United States;220
9.2.5;5. The Case of West Germany;222
9.2.6;6. The Case of Japan;224
9.2.7;6. Concluding Remarks;230
9.2.8;References;230
9.3;Chapter 11. Internationalization of Japanese Commercial Banking and the Yen: The Recent Experience of City Banks;232
9.3.1;1. Introduction Note;232
9.3.2;2. The Purpose and Motives of Internationalization of Japanese Banking;237
9.3.3;3. Establishing Branches, Offices, and Local Banks;239
9.3.4;4. The Operation of International Banking;243
9.3.5;5. The Performance of Internationalization—Phase 1;254
9.3.6;6. The Performance of Internationalization—Phase 2;257
9.3.7;7. Difficulties and Limitations in the Internationalization of Japanese Banking;259
9.3.8;8. Some Conclusions;263
9.3.9;General References;264
9.4;Chapter 12. Estimations of Self-Dual Demand Functions: An International Comparison;268
9.4.1;1. Introduction;268
9.4.2;2. Theoretically Plausible Demand Functions;269
9.4.3;3. Self-Dual Demand Functions;271
9.4.4;4. Special Cases of Weakly Self-Dual Demand Functions;275
9.4.5;5. Empirical Evaluation of Self-Dual Demand Functions;280
9.4.6;6. Concluding Remarks;286
9.4.7;References;288
10;Index;290