Japanese Structural Adjustment and the Balance of Payments / Jeffrey Sachs, Peter Boone.

Format:

Book

Author/Creator:

Sachs, Jeffrey.

Contributor:

National Bureau of Economic Research.

Boone, Peter.

Series:

Working Paper Series (National Bureau of Economic Research) no. w2614.

NBER working paper series no. w2614

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1988.

Summary:

Policy discussions in Japan have increasingly recognized the important role of land values and land-use patterns in Japanese macroeconomic adjustment. In Japan in recent years, land wealth constitutes more than half of financial wealth, a proportion that is much higher than in the United States and other industrialized economies. Consequently, shifts in land-use patterns can have important effects on Japanese savings and investment patterns, and thereby on the Japanese trade balance and current account. This papers studies the implications of land-use policies for the Japanese macroeconomy using both a theoretical model and a multi- sectoral dynamic simulation model.

Notes:

Print version record

June 1988.