Growth Alternatives of the Japanese Economy

The book describes the structure of the Keynes-Leontief Model (KLM) of Japan and discusses how the Japanese economy can overcome the long-term economic deflation that has taken place since the mid-1990s. The large-scale econometric model and its analysis have been important for planning several policy measures and examining the economic structure of a country. However, it seems that the development and maintenance of the KLM would be very costly. The book discusses how the KLM is developed and employed for the policy analyses.
Contents: ForewordAbout the AuthorsAcknowledgmentsList of FiguresList of TablesIntroductionGeneral Feature of DEMIOSInput–Output Model BlockMacroeconomic Model BlockCohort-Type Demographic and Labor Force BlockScenario Projections by DEMIOSConcluding RemarksBibliographyIndex
Readership: Relevant to students and researchers in economics, statistics, policy science, and computer science. The book is unique for policy makers, analysts and practitioners of policy analysis. Japan Economy;Econometric Models;Keynes-Leontief Model (KLM);Dynamic Econometric Model of Input-Output System (DEMIOS)0Key Features:A KLM (Keynes and Leontief Model) for the consistent analysis between macroeconomic variables and sectoral economic variablesTechnical progress and its causalities are endogenized by sector in the modelThe model named DEMIOS (Dynamic Econometric Model of Input-Output System) could make Ex-post and Ex-ante scenario simulations. The book performs both Ex-post and Ex-ante scenario simulations for examining growth alternatives of the Japanese economy