The Japanese Economy

22 Pages Posted: 2 Mar 2006

See all articles by Ivan Kitov

Ivan Kitov

Russian Academy of Sciences (RAS) - Institute for the Geospheres Dynamics

Date Written: 2006

Abstract

The Japanese economic behavior is modeled. GDP evolution is represented as a sum two components: economic tend and fluctuations. The trend is an inverse function of GDP per capita with a constant numerator. The growth rate fluctuations are numerically equal to two thirds of the relative change in the number of eighteen-year-olds. Inflation is represented by a linear function of labor force change rate. The models provide an accurate description for the poor economic performance and deflation separately. Using the models, GDP per capita is predicted for the next ten years and recommendations are given to overcome deflation.

Keywords: Economic growth, inflation, modeling, Japan

JEL Classification: O11, E32, J21

Suggested Citation

Kitov, Ivan O., The Japanese Economy (2006). Available at SSRN: https://ssrn.com/abstract=886663 or http://dx.doi.org/10.2139/ssrn.886663

Ivan O. Kitov (Contact Author)

Russian Academy of Sciences (RAS) - Institute for the Geospheres Dynamics ( email )

Leninsky prospect 38/1
Moscow, Moscow 119334
Russia

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