Accelerating Japan's economic growth: Resolving Japan's growth controversy

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

Research output: Book/ReportBook

4 Citations (Scopus)

Abstract

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 growth. This 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.

Original languageEnglish
PublisherRoutledge Taylor & Francis Group
Number of pages182
ISBN (Print)0203946464, 9780203946466
DOIs
Publication statusPublished - Oct 3 2007

Fingerprint

Japan
Economic growth
Japanese economy
Politicians
Production function
Model simulation
Economics
Macroeconomics
Scenarios
Aging population
Economic sectors
Fiscal deficit
East Asia
Finance
Deflation
Productivity
International economy
Information and communication technology
Stagnation
Asian countries

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

Cite this

Accelerating Japan's economic growth : Resolving Japan's growth controversy. / Adams, F. Gerard; Klein, Lawrence R.; Kumasaka, Yuzo; Shinozaki, Akihiko.

Routledge Taylor & Francis Group, 2007. 182 p.

Research output: Book/ReportBook

Adams, F. Gerard ; Klein, Lawrence R. ; Kumasaka, Yuzo ; Shinozaki, Akihiko. / Accelerating Japan's economic growth : Resolving Japan's growth controversy. Routledge Taylor & Francis Group, 2007. 182 p.
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