LEADER 05422oam 2200601 450 001 9910822760003321 005 20190911112728.0 010 $a1-299-46266-9 010 $a981-4436-16-X 035 $a(OCoLC)840493104 035 $a(MiFhGG)GVRL8RDY 035 $a(EXLCZ)992550000001019251 100 $a20130729h20132013 uy 0 101 0 $aeng 135 $aurun|---uuuua 181 $ctxt 182 $cc 183 $acr 200 10$aIncome distribution and economic growth of Japan under the deflationary economy $etheory and evidence on an econometric analysis /$fOsamu Nakamura, The International University of Japan, Japan 210 $a[Hackensack] N.J. $cWorld Scientific$dc2013 210 1$aNew Jersey :$cWorld Scientific,$d[2013] 210 4$d?2013 215 $a1 online resource (xvii, 251 pages) $cillustrations 225 0 $aGale eBooks 300 $aDescription based upon print version of record. 311 $a981-4436-15-1 320 $aIncludes bibliographical references and index. 327 $aAcknowledgments; Preface; Contents; List of Figures and Tables; Chapter 1. Introduction; 1.1. Research Objectives; 1.2. Methodology; 1.3. Structure of this Study; Chapter 2. The Japanese Economy After the End of High-Growth Era; 2.1. Period of Oil Crises and Transition to the Floating-System; 2.2. Period of the Plaza Accord and Bubble Economy in the 1980's; 2.3. The Lost Two Decades after the Bursting of the Bubble; End Notes; Chapter 3. The Deflationary Economy of Japan; 3.1. Economic Structure with an Inflationary and Deflationary Gap in the Process of Economic Development 327 $a3.2. Deflationary Gap in Japan 3.3. Estimation of GDP Capacity and Deflationary Gap; End Notes; Chapter 4. Causes of The Deflationary Economy; 4.1. Income Distribution Patterns; 4.2. Income Distribution Patterns and the Supply-Side; 4.3. Income Distribution, Asset Accumulation and the Demand-Side Economy; 4.4. Deflationary Gap and Deflation; End Notes; Chapter 5. The Theoretical Model Framework; 5.1. The Theoretical Model for Empirical Analyses; Supply-side model; Demand-side model; Price model to integrate the Supply-side within the Demand-side; 5.2. Growth Model: A Supply-Side Approach 327 $a5.3. Income Distribution and Keynes Multiplier in the Demand-side Model 5.4. Simulations for Multiplier Effects on the Economy with Changes in Wage Income Share (?); End Notes; Chapter 6. The Demand-Supply Integrated Econometric Model of Japan; 6.1. Structure of the Demand-Supply Integrated Macro-Econometric Model; 6.2. Model Structure and Specification by Block; 6.2.1. Real expenditure block; 6.2.2. Nominal expenditure block; 6.2.3. Prices and wage rates block; 6.2.4. Production block; 6.2.5. Population and labor force block; 6.2.6. Money and finance block; 6.2.7. Income distribution block 327 $a6.2.8. Public finance block 6.2.9. International trade and balance of payment block; 6.3. Unit Root Test; End note; Chapter 7. Regression Analysis; 7.1. Supply-Side; 7.1.1. Production function; 7.2. Demand-Side; 7.2.1. Household final consumption expenditure; 7.2.2. Housing investment; 7.2.3. Non-housing investment; 7.2.4. Merchandise exports; 7.2.5. Merchandise imports; 7.3. Income Distribution; 7.3.1. Corporate income prior to dividend; 7.3.2. Wage and salaried income; 7.3.3. Household financial and non-financial assets and liabilities; 7.4. Prices; 7.4.1. Output price 327 $a7.4.2. Deflator of household consumption expenditure 7.4.3. Export price; End Notes; Chapter 8. Dynamic Simulation Tests; 8.1. Model Reliability Test: Final Test in Goldberger Tests; 8.2. Dynamic Keynes Multiplier Tests; 8.2.1. Effects of government investment increase; 8.2.2. Effects of personal income tax cut; 8.3. Monetary and Financial Policy Simulation Test; 8.4. Yen Appreciation Dynamic Simulation Test; End Notes; Chapter 9. Long-Term Economic Forecasts up to FY2030; 9.1. Baseline Forecast: A Most-Likely Scenario; 9.2. Household Income Increase Scenario Forecasts 327 $a9.2.1. Household dividend income increase scenario: Scenario A 330 $aThe Japanese economy has experienced a structural deflationary gap since the mid-1970's. Although the gap was decreasing in the bubble period, the deflationary economy has become more serious since the bursting of the bubble. Accordingly, this book attempts to examine the causes of the Japanese deflationary economy, characterized as a structural deflation and discusses how to alleviate the prolonged slowdown in order to restore Japan to a trajectory of high economic growth, with a special focus on the function of income distribution. In addition, not only income distribution flows but also accu 606 $aEconomics$zJapan 606 $aIncome distribution$zJapan 606 $aEconomic development$zJapan 606 $aDeflation (Finance)$zJapan 607 $aJapan$xEconomic conditions$y21st century 615 0$aEconomics 615 0$aIncome distribution 615 0$aEconomic development 615 0$aDeflation (Finance) 676 $a339.2/2 676 $a339.2/2/0952 676 $a388.952 700 $aNakamura$b Osamu$01686785 801 0$bMiFhGG 801 1$bMiFhGG 906 $aBOOK 912 $a9910822760003321 996 $aIncome distribution and economic growth of Japan under the deflationary economy$94059811 997 $aUNINA