Japan’s Economic Recovery: Insights from Multi-Region Dynamics
Centre for Applied Microeconomic Analysis (CAMA) Working Paper No. 18/2011
29 Pages Posted: 29 Jun 2011
Date Written: June 1, 2011
Abstract
Despite its key contribution to global economic growth through the 1960s and 1970s, in recent decades the rise of China has seen the importance of Japan recede from the public discourse. This is notwithstanding its continuing key role as global investor and trading partner. Yet this role has been threatened by a tendency for its economy to stagnate since the 1990s and by the tragic earthquake of 2011, both of which have implications for global economic performance. This paper briefly reviews the many claimed sources of Japan’s stagnation and then analyses the sources of recovery along with the implications of the 3-11 disaster, using a multi-region global dynamic model. Both demand and supply side determinants prove important though it is shown that a key future role will be played by the performance of Japan’s services sector and of the industrial policies that affect it.
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
What Drives Private Saving Around the World?
By Norman Loayza, Klaus Schmidt-hebbel, ...
-
Investment and Saving in China
By Louis Kuijs
-
Why are Saving Rates of Urban Households in China Rising?
By Marcos Chamon and Eswar S. Prasad
-
Why are Saving Rates of Urban Households in China Rising?
By Marcos Chamon and Eswar S. Prasad
-
Why are Saving Rates of Urban Households in China Rising?
By Marcos Chamon and Eswar S. Prasad
-
How Will China's Saving-Investment Balance Evolve?
By Louis Kuijs
-
The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data
By Charles Yuji Horioka and Junmin Wan
-
The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data
By Charles Yuji Horioka and Junmin Wan