edited by Shinichi Ichimura (Kyoto University, Japan) & Lawrence R Klein (University of Pennsylvania, USA)

This book offers the representative macro-econometric models and their applications for the Japanese economy in different development stages throughout postwar years up to the present. It presents a summary of three types of macro-econometric models and analyses:

• Social accounting analyses of national income and related indices — following the tradition of C Clark, S Kuznets, R Stone and World Bank Development Reports;

• Inter-industrial and inter-regional analyses of the Japanese economy a la W Leontief and the CGE (computable general equilibrium) type of applications to Comprehensive Development Plans;

• Macro-econometric model building for the Japanese economy and its applications with a survey of various models in Japan including the historic Osaka University ISER (Institute of Social and Economic Research) model and present day Government models.

As many Asian economies are going through the stages of development that Japan has experienced for the past few decades, to them and other developing countries this book will be extremely relevant as a reference for years to come.

• Introduction — A History of Macroeconometric Modeling in Japan (S Ichimura)
• Social Accounting and Survey Analysis:
  • Factors for Rapid Growth of the Japanese Economy — A Social Accounting Approach (S Ichimura)
  • Social Accounting Analysis of Japan's Lost 90s (H Suk)
  • Business Indexes and Survey Data for Forecast (Y Shimanaka & T Shikano)
• Input Output Analyses and CGE Models:
  • Factor Proportions and Foreign Trade — the Case of Japan (M Tatemoto & S Ichimura)
  • Interregional Interdependence and Regional Economic Growth in Japan (T Akita)
  • The Flying-Geese Pattern of East Asian Development — A Computable General Equilibrium Approach (M Ezaki & S Ito)
  • A Flow-of-Funds Analysis of the Quantitative Monetary Policy (K Tsujimura & M Tsujimura)
• Macroeconometric Models:
  • An Econometric Model of Japanese Economic Growth, 1878–1937 (L R Klein)
  • An Econometric Model of Japan, 1930–59 (L R Klein & Y Shinkai)
  • OSAKA ISER Model: An Outline of the Model (L R Klein & S Ichimura)
  • OSAKA ISER Model: Detailed Discussion of the Model (S Ichimura et al.)
  • OSAKA ISER Model: Dynamic Properties (S Ichimura & L R Klein)
  • The Japan Model for World Project LINK (K Ban)
  • The Saito Model of the Japanese Economy (M Saito)
  • Consensus vs. High Frequency Model Forecast — Error Analysis (Y Inada)
  • Policy Alternatives for Japan Toward 2020 (S Shishido et al.)