Economic Stagnation in Japan

Edited by Dongchul Cho, Takatoshi Ito () and Andrew Mason

in Books from Edward Elgar Publishing

Abstract: Japan’s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term ‘Japanization’ is often used by economists to describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near zero, quantitative easing, and population aging. In the global context, what can governments do to mitigate the downward trends experienced by Japan? This judiciously timed book investigates in depth the causes of Japan’s ‘lost decades’ versus the real recovery achieved by the United States, and the lessons that can be learned.

Keywords: Asian Studies; Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2018
ISBN: 9781788110433
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.elgaronline.com/view/9781788110433.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Chapters in this book:

Ch 1 Introduction and overview , pp 1-14

Dongchul Cho, Takatoshi Ito and Andrew Mason

Ch 2 Japanization: is it spreading to the rest of the world? , pp 17-55

Takatoshi Ito

Ch 3 GDP growth from the perspective of demographic change: will aging Korea become another Japan? , pp 56-78

Kyooho Kwon

Ch 4 Export dynamics of Japan, Korea and China , pp 79-96

Kyu-Chul Jung

Ch 5 Product market efficiencies and TFP: a comparative study of Japanese and Korean firms , pp 99-120

Keiko Ito and YoungGak Kim

Ch 6 Misallocation in the manufacturing sector of Korea: a micro data analysis , pp 121-136

Jiyoon Oh

Ch 7 Financial market efficiency: a comparative perspective , pp 139-162

Mitsuhiro Fukao

Ch 8 How to deal with the rise of zombie firms in Korea , pp 163-180

Daehee Jeong

Ch 9 Deflation and monetary policy , pp 183-201

Barry Eichengreen

Ch 10 Is Korea’s monetary policy following in the footsteps of Japan? , pp 202-231

Dongchul Cho

Ch 11 Aging and housing prices: the cases of Korea and Japan , pp 232-260

Inho Song

Ch 12 Avoiding another “lost decadeâ€: what role for fiscal policy? , pp 263-287

Jerry Schiff and Ikuo Saito

Ch 13 Lessons for Korea from Japan’s fiscal policy , pp 288-312

SeongTae Kim

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eebook:17837

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this book

More books in Books from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().