The working of econometric models
Author(s)
Bibliographic Information
The working of econometric models
University Press, 1972
Available at 103 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Bibliography: p. [330]-335
Includes index
Description and Table of Contents
Description
This book reports the results of five empirical studies undertaken in the early seventies by a collaboration headed by Professor Morishima. It deals with applications of the general equilibrium models whose theoretical aspects have been one of Professor Morishima's main interests. Four main econometric models are constructed for the USA, the UK, and Japan. These are used as a basis for the discussion of various topics in economic theory, such as: the existence and stability or instability of the neoclassical path of full employment growth equilibrium and a von Neumann-type path of balanced growth at constant proces; the antimony between price-stability and full employment; the Samuelson-LeChatelier principle; the theory of the balanced-budget multiplier; the three Hicksian laws of the gross substitutes system; the Brown-Jones super-multipliers of international trade, and so on. In addition, this 1972 work makes a quantitative evaluation for the US economy of monetary and fiscal policies as short-run measures for achieving full employment; the effectiveness of built-in flexibility of taxes in the UK economy is discussed; and estimates are made of the rapid decrease in disguised unemployment in post-war Japan.
Table of Contents
- Preface
- Part I. A Dynamic Analysis of the American Economy, 1902-1952 M. Morishima and M. Saito: 1. Introduction
- 2. The structural model
- 3. Short-run properties of the model
- 4. Long-run properties of the model
- Part II. Input-Output Analysis of the Effectiveness of Fiscal Policies for the United Kingdom, 1954 M. Morishima and T. Nosse: 1. Introduction
- 2. An interindustrial model with endogenous consumption
- 3. Impact multipliers and efficient budget of the government
- 4. Generation of income through reduction of taxes
- Part III. A General Equilibrium Analysis of Prices and Outputs in Japan, 1953-1965 M. Saito: 1. Introduction
- 2. Theoretical model
- 3. The estimation of the model
- 4. Comparative statics of general equilibrium
- 5. A factor analysis of price and output changes
- Part IV. An Input-Output Analysis of Disguised Unemployment in Japan, 1951-1965 M. Morishima and Y. Murata: 1. Introduction
- 2. Disguised unemployment in a re-interpreted input-output model
- 3. Data and estimates of the parameters
- 4. Factor analysis of disguised unemployment
- Appendix: an estimation of international trade multiplier, 1954-1965 M. Morishima and Y. Murata
- Bibliography
- Index.
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