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The Working of Econometric Models - M. Morishima

The Working of Econometric Models

Hardcover Published: 29th December 1972
ISBN: 9780521085021
Number Of Pages: 352

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This book reports the results of five empirical studies undertaken by Professor Morishima in collaboration with Professor Y. Murata, Professor T. Nosse and Professor M. Saito. It deals with applications of the general equilibrium models whose theoretical aspects have been one of Professor Morishima's main interests for several years. It also includes Professor Saito's independent work. Four main econometric models are constructed for the USA, the UK, and Japan. These are used as a basis for the discussion of recent 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, a quantitative evaluation is made 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 Japan after the war.

Preface
A Dynamic Analysis of the American Economy, 1902G++1952
Introduction
The structural model
Short-run properties of the model
Long-run properties of the model
Input-Output Analysis of the Effectiveness of Fiscal Policies for the United Kingdom, 1954
Introduction
An interindustrial model with endogenous consumption
Impact multipliers and efficient budget of the government
Generation of income through reduction of taxes
A General Equilibrium Analysis of Prices and Outputs in Japan, 1953G++1965
Introduction
Theoretical model
The estimation of the model
Comparative statics of general equilibrium
A factor analysis of price and output changes
An Input-Output Analysis of Disguised Unemployment in Japan, 1951G++1965
Introduction
Disguised unemployment in a re-interpreted input-output model
Data and estimates of the parameters
Factor analysis of disguised unemployment
Appendix: An estimation of international trade multiplier, 1954G++1965
Bibliography
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521085021
ISBN-10: 0521085020
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 352
Published: 29th December 1972
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 2.39
Weight (kg): 0.69

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