Econometric modeling of Japan and Asia-Pacific economies / editor, Soshichi Kinoshita.

Format:

Book

Contributor:

Kinoshita, Sōshichi, 1935-

Series:

Econometrics in the information age ; vol. 5.

Econometrics in the information age : theory and practice of measurement ; v. 5

Language:

English

Subjects (All):

Commerce.

Econometric models.

Economic conditions.

Japan--Economic conditions--Econometric models.

Japan.

Japan--Commerce--Econometric models.

Asia--Commerce--Econometric models.

Asia.

Macroeconomics--Econometric models.

Macroeconomics.

Physical Description:

xxiii, 203 pages : illustrations ; 24 cm.

Place of Publication:

Singapore ; Hackensack, NJ : World Scientific, [2012]

Summary:

This book surveys existing similar econometric models in Japan and offers several econometric models combining Japan, the US and other Asia-Pacific countries. These models have been explored by the author and his group at Nagoya University and other institutions for three decades, and are applied for the following four objectives. First, they construct a world econometric model of industry and trade, and thereby quantitatively assess the impacts of protective US trade policies and Japan's technical progress on Asia-Pacific economies. Second, they use an international input-output table, including China, to analyze the interdependence between Japanese firms with the subsidiaries in the US and Asia, and other foreign companies. Third, they use a small link model of China, Japan, Korea and the US, and thereby evaluate the macroeconomic effects of the respective fiscal policies. Fourth, they offer a multi-sector econometric model of the interactions pertaining to economic activity, energy and environment in China, and assess the effects of improved energy efficiency and demand shift in China. Book jacket.

Contents:

Chapter 1 The Changing Pattern of International Specialization and Economic Interdependence Among Asia-Pacific, the US and EC Economies / Soshichi Kinoshita Kinoshita, Soshichi, jiro Nemoto Nemoto, jiro 1

1 Introduction 1

2 Changing Pattern of International Specialization 3

2.1 A measure of comparative advantage 3

2.2 Share of exports 4

2.3 Comparative advantage and disadvantage 5

2.4 A product life-cycle pattern of comparative advantage 6

3 Modeling the Interdependence Through Trade Among Countries 10

3.1 A small macro Model 10

3.2 Trade linkage Model 12

3.3 Simulation with the Model 12

4 Concluding Remarks 16

References 16

Appendix: Structure of a Small linked Model 17

Chapter 2 Structure and Application of a World Industry and Trade Model / Soshichi Kinoshita Kinoshita, Soshichi 25

1 Introduction 25

2 Construction of a World Industry and Trade Model 26

3 Structure of the Model 27

3.1 Structural features of multi-sectoral model 28

3.2 Structure of trade linkage model 35

4 Simulation Analyses with the Linked System 42

5 Concluding Remarks 59

References 59

Appendix: Structure of a World Industry and Trade Model 59

Chapter 3 The Impacts of Robotization on Macro and Sectoral Economies within a World Econometric Model / Soshichi Kinoshitcta Kinoshitcta, Soshichi, Mitsuo Tamada Tamada, Mitsuo 67

1 Introduction 67

2 Overview ofthe World Industry and Trade Model 68

3 International Interdependence Through Commodity Trade 70

4 Diffusion Process of the Impacts of Robotization in the Model 74

5 Assumption on the Demand-Supply Effect of Robotization 75

6 Simulation Results on Robotization in Japan, the US, and Korea 77

6.1 The case of robotization in Japan 79

6.2 The case of robotization in the US 82

6.3 The case of robotization in Korea 89

6.4 A Comparison of the impacts of robotization in Japan and the US on Korea 91

7 Concluding Remarks 94

References 95

Chapter 4 Japanese Overseas Production within the Asia International Input-Output Model: Japan, the US, and Asia / Mitsuo Tamada Tamada, Mitsuo 97

1 Introduction 97

2 Theoretical Framework 99

3 Database for the Input-Output Model 100

4 Some Simulation Results 104

4.1 The induced production of one unit increase in final demand 106

4.2 Contribution in terms of the induced value added 108

4.3 The induced production effect versus the substitution effect of overseas production 110

5 Concluding Remarks 114

References 115

Chapter 5 Econometric Evaluation of the Fiscal Expansion and Stimulus Packages in Three Asian Countries and the United States / Taiyo Ozaki Ozaki, Taiyo 117

1 Introduction 117

2 Model and Specifications 119

3 Testing the Model 128

4 Simulation and Results 130

References 145

Appendix A List of the Principal Equations of the Model 146

Appendix B List of Variables 153

Chapter 6 The Interdependence among Economy, Energy, and Environment in China: An Econometric Analysis 2000-2020 / Mitsuo Yamada Yamada, Mitsuo 167

1 Introduction 167

2 Outline and Performance of the Model 171

2.1 Structure of the model 172

3 Baseline Prediction 180

3.1 The assumptions made for the prediction 180

3.2 Characteristics of the baseline 182

4 Scenario Analyses 188

4.1 The natural gas pipeline project 190

4.2 Construction of natural gas thermal power plants 193

4.3 Comparison of C02 emissions and associated costs 196

5 Concluding Remarks 201.

Notes:

Includes bibliographical references.

ISBN:

9789814368629

9814368628

OCLC:

747533648