Economic activity, trade, and industry in the U.S.-Japan-world economy : a macro model study of economic interactions

Author(s)

Bibliographic Information

Economic activity, trade, and industry in the U.S.-Japan-world economy : a macro model study of economic interactions

F. Gerard Adams, Byron Gangnes, and Shuntaro Shishido

Praeger, 1993

Available at  / 62 libraries

Search this Book/Journal

Note

Includes bibliographical references (p. [215]-219) and index

Description and Table of Contents

Description

This study quantifies the relationships between the economies of the Unites States and Japan on an industrially disaggregated basis. It links two large-scale econometric models of the U.S. and Japan in the framework of the world model system (Project LINK). These models are useful not only for forecasts and aggregate policy studies, but also for detailed investigation of industrial changes and trade policy on sectoral output employment, trade balance, and inflation in both countries. The interactions with other parts of the world are also taken into account. Applications to policy changes and exchange rate variations illustrate the potential of the model system and provide a powerful insight into the operation of two closely integrated economies. A pioneering effort to link quantitatively the relationships between the economies of the United States and Japan, this volume will be of interest to economists and policymakers here and abroad.

Table of Contents

Introduction Structure of the U.S. and Japanese Models Trade Linkages of the U.S. and Japan Models in the LINK System Interdependence in the U.S.-Japan-World Economy Exchange Rate Changes in the U.S.-Japan Model System Policy Simulations of the US-Japan Model System Concluding Remarks and Directions for Further Research Notes Bibliography Index

by "Nielsen BookData"

Details

Page Top