RECURSIVE DYNAMIC CGE ANALYSIS – THE ROAD TO ECONOMIC RECOVERY IN ASIA

Zhi Wang () and Dianqing Xu
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Dianqing Xu: Department of Economics, Huron College, University of Western Ontario, Canada

Chapter 12 in From Crisis to Recovery:East Asia Rising Again?, 2001, pp 429-491 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:INTRODUCTIONKEY TO RECOVERY: DOMESTIC DEMAND IN JAPANRelation Between Japan and Asian EconomyDomestic Demand in Japan DeclinedIncome decreasedNegative wealth effectsPessimistic income expectedDecreased InvestmentJapan's Deferring StrategyReform in Japan's Financial SectorSTABILITY OF CHINESE RMBSTRUCTURE OF THE CGE MODELProduction and Demand StructuresEquilibrium. Exchange Rate and Macro ClosureInter-Period Linkages and Recursive DynamicsSIMULATION DESIGN AND RESULTSImpact of Recovery of Japan's Private ConsumptionDevaluation of Chinese RMBDevaluation of Japanese YenCONCLUSIONReferencesAPPENDIX

Keywords: Bubble Economy; Crisis Management; Excess Investment; external Debt; Financial Crisis; Government Intervention; international Speculation; Moral Hazard; Non-Performing Loans; Nepotism between Politicians and Enterprises (search for similar items in EconPapers)
Date: 2001
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