Growth Alternatives of the Japanese Economy

Structure and Simulations of Dynamic Econometric Model with Input-Output System (DEMIOS)

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:

• Foreword
• About the Authors
• Acknowledgments
• List of Figures
• List of Tables
• Introduction
• General Feature of DEMIOS
• Input–Output Model Block
• Macroeconomic Model Block
• Cohort-Type Demographic and Labor Force Block
• Scenario Projections by DEMIOS
• Concluding Remarks
• Bibliography
• Index

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.
Key Features:

• A KLM (Keynes and Leontief Model) for the consistent analysis between macroeconomic variables and sectoral economic variables
• Technical progress and its causalities are endogenized by sector in the model
• The 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