The Japanese economy

Ivan Kitov

MPRA Paper from University Library of Munich, Germany

Abstract: The Japanese economic behavior is modeled. GDP evolution is represented as a sum two components: economic tend and fluctuations. The trend is an inverse function of GDP per capita with a constant numerator. The growth rate fluctuations are numerically equal to two thirds of the relative change in the number of eighteen-year-olds. Inflation is represented by a linear function of labor force change rate. The models provide an accurate description for the poor economic performance and deflation separately. Using the models, GDP per capita is predicted for the next ten years and recommendations are given to overcome deflation.

Keywords: economic growth; inflation; modeling; Japan (search for similar items in EconPapers)
JEL-codes: E31 E37 J21 O11 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Related works:
Working Paper: The Japanese Economy (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:2737

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