Osaka ISER Model II: Detailed Discussion of the Model

Shinichi Ichimura, Lawrence Klein, Susumu Koizumi and Kazuo Sato
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Shinichi Ichimura: Kyoto University, Japan and ICSEAD, Japan
Susumu Koizumi: Osaka University, Japan
Kazuo Sato: Faculty of Economics, Rutgers University, USA

Chapter 12 in Macroeconometric Modeling of Japan, 2010, pp 287-319 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Manufacturing Sector1Production decision functionsProduction functionMaterial input functionPrice determination equationsMaterial price determination equationsWage-rate determination equationsFixed investment functionsInventory InvestmentManufacturing inventories — finished goodsManufacturing inventories — raw materials and goods in processDealers' inventoriesOrdersAgricultural inventory equationTertiary and Agriculture SectorsTertiary sectorProduction decision functionProduction functionPrice determination equationWage determination equationInvestment functionAgricultural sectorProduction functionQuarterly income equationAgricultural employment functionAgricultural price determination equationHousehold SectorConsumption functions of food, textile and otherThe residential investment functionConsumers' prices determination equationThe Financial SectorThe demand functions of individuals and private corporationsThe demand functions of corporationsThe demand functions of the government sectorThe behavior equations of the financial sectorThe determination of the rate of interestThe policy equation of the Bank of JapanThe Foreign Trade SectorImport functionsImport of food and forageImport of materials and otherImport of machineryExport functionsGeneral remarksShipsMachinerySteel and other metal productsTextilesFoodOther commoditiesMiscellaneous Equations and Identities

Keywords: Forecasting Models; Growth Models; Detailed Examination of the Lost Decade in the 1990s; Applications of Input-Output Models; CGE Models; Social Accounting Models; Model Analyses of Econometric Policies; Survey Data; Diffusion Index (search for similar items in EconPapers)
Date: 2010
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