Search Results

Showing results 1 to 5 of approximately 5.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:Economic development - Japan 

Journal Article
On Japanese economic growth

Economic Review , Issue Sum , Pages 7-17

Journal Article
Banking and commerce: the Japanese case

FRBSF Economic Letter

Working Paper
Transition dynamics in vintage capital models: explaining the postwar catch-up of Germany and Japan

We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital.
Finance and Economics Discussion Series , Paper 2001-07

Working Paper
The use of cyclical indicators in estimating the output gap in Japan

The paper uses capital and labor utilization rates to derive estimates of the Japanese output gap and potential output. Two techniques are used. The first uses the cyclical indicators to adjust potential output estimates derived from a Hodrick-Prescott filter over the most recent period when such estimates are generally considered to be unreliable. The second estimates equilibrium levels of the cyclical indicators and uses an Okun's Law-type relationship to derive output gaps and potential output. The second method is also applied to the components of potential output to derive a third ...
International Finance Discussion Papers , Paper 701

Working Paper
Transition dynamics in vintage capital models: explaining the postwar catch-up of Germany and Japan

We consider a neoclassical interpretation of Germany and Japan?s rapid postwar growth that relies on a catch-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production and investment, we are able to capture many of the key empirical properties of Germany and Japan?s postwar transitions, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital.
Working Paper Series , Paper 2004-14

PREVIOUS / NEXT