F. Gerard Adams, Lawrence R. Klein, Kumasaka Yuzo, Shinozaki Akihiko

Accelerating Japan's Economic Growth (eBook, ePUB)

Resolving Japan's Growth Controversy

• Format: ePub

Produktbeschreibung

The Japanese economy is beginning to show signs of recovery after years of stagnation/deflation, but many Japanese policymakers warn that this economic growth may be sluggish: slower than in the United States and certainly slower than in other East Asian countries. Japan faces significant economic problems, including an aging population, a large fiscal deficit, and the need to adjust to the IT economy and to competition with the rest of East Asia. A slow growth scenario would greatly reduce opportunities for new productive investment and would make it increasingly difficult to provide for Japan's growing social needs. The authors of this book argue that Japan can and should grow more rapidly, and examine the reasons for the sluggish performance of the Japanese economy. For example, some Japanese economic sectors, particularly in distribution and finance, have failed to take advantage of new information and communications technology to accelerate the growth of productivity, as has happened in other countries, such as the US. Production function studies and econometric model simulations suggest that with appropriate policies the Japanese economy can grow more rapidly and deal with its future problems. The book posits a number of policy proposals which would help to accelerate Japan's economic growthThis book will be of interest to students of the Japanese economy, macroeconomics and international economies, and also to policymakers and professionals interested in Japan's economy.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 208
• Erscheinungstermin: 12. September 2007
• Englisch
• ISBN-13: 9781134081165
• Artikelnr.: 38247702

Autorenporträt

F. Gerard Adams, Professor Emeritus, University of Pennsylvania, is an expert on model building and application.

Lawrence R. Klein, Nobel Laureate, is Benjamin Franklin Prof. Emeritus, Univ. of Pennsylvania.

Yuzo Kumasaka is CEO of ITEconomy Advisers, an economic forecasting and consulting firm.

Akihiko Shinozaki, Professor, Kyushu University, Fukuoka, Japan, is an expert on the information economy and business investment analysis.

Inhaltsangabe

1. Introduction and Summary of the Project 2. The Economic Growth Record in
Japan 3. The Challenges to Japanese Economic Growth 4. The IT/E-Business
Revolution and Globalization: Implications of the New Economy for Japan 5.
Theoretical Framework: IT and Productivity Growth 6. The East Asian Growth
Process and IT: Implications for Japan 7. Information and Communications
Technology and Productivity Growth in Japan 8. Revisiting Japanese
Industrial Organization and Corporate System 9. Case Study of Government
Policy and the Telecommunications Market in Japan 10. IT-Related
Development and Policy: Some Examples from the United States with Relevance
to Japan 11. Estimating a New Economy Production Function for Japan 12.
Simulation Studies for Accelerating Japanese Economic Growth 13. Polices to
Achieve Faster Economic Growth in Japan 14. Accelerating Japan's Economic
Growth: Conclusions