کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5086346 1375169 2009 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The boom and the bust of the Japanese economy: A quantitative look at the period 1980-2000
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The boom and the bust of the Japanese economy: A quantitative look at the period 1980-2000
چکیده انگلیسی
In this paper we quantitatively investigate the boom and the bust of the Japanese economy during 1980-2000 using the business cycle accounting technique. This method helps us identify the distortion margins called “wedges” that played a significant role in accounting for the output fluctuations. Applying our model to Japan, we find that efficiency and investment wedges can almost wholly account for output increases of the 1980s. Labor wedges by themselves would have caused a recession beginning in late 1980s but was overwhelmed by the positive impact of efficiency and investment wedges. In the 1990s, efficiency, labor and investment wedges all contributed to the recession. We next extend the literature by conducting robustness tests to investigate the sensitivity of BCA results to small modifications in methodology.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Japan and the World Economy - Volume 21, Issue 1, January 2009, Pages 116-131
نویسندگان
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