ECONOMETRICS IN THE INFORMATION AGE: THEORY AND PRACTICE OF MEASUREMENT – serie

This is the very first book to offer seven substantial econometric models of the Chinese economy with the statistical data used, so that the reader will be able to reproduce them all and test them for any policy alternatives.The book presents up-to-date models produced both inside and outside China, so that readers can understand most of the advanced studies of the Chinese economy by Chinese experts at the present time. This is an invaluable reference for graduate students and scholars working on Chinese economic problems.

This book presents pioneering work on an interregional input-output table of the Chinese economy and its applications to the analysis of interregional and interindustrial relations in China. It is the fruit of the authors' joint efforts of more than five years to establish a solid basis for the analysis of interregional relations in China, in the hope of laying the foundation for further studies of regional development in that country.The book endeavors to make a contribution to the regional typology of the Chinese economy. The Chinese provinces are classified into seven large regions. The interregional input-output table is constructed accordingly.Chapter I describes the methodology for producing this interregional input-output (IRIO) table. Chapter II presents the (IRIO) table after a brief explanation of the Chinese statistical data needed for the compilation of the table. Chapter III explains the basis of seven large regions adopted for the IRIO table. Chapter IV deals with the interdependence of regions and the effects of the changes in some parameters of one region on the activities in other regions. Chapter V, the last chapter, applies the IRIO table to policy analysis.

This book offers the representative macroeconometric models and their applications for the Japanese economy in different development stages throughout the postwar years up to the present. It presents a summary of three types of macroeconometric models and analyses:As many Asian economies are going through the stages of development that Japan has experienced over the past few decades, this book will be extremely relevant to them and other developing countries as a reference for years to come.

This book presents Professor Lawrence R Klein and his group's last quarterly econometric model of the United States economy that they had produced at the University of Pennsylvania. This is the last econometric model that Lawrence Klein and his disciples have left after some 50 years of cumulated efforts of constructing the US economy model up to around 2000. It was widely known as the WEFA Econometric Model Mark 10, and is the culmination of Professor Klein's research which spans more than 70 years, and would please not only Professor Klein's old students and colleagues, but also younger students who have heard so much of Klein models but have yet to see the latest model in its complete and printed form.

The book describes the structure of the Keynes-Leontief Model (KLM) of Japan and discusses how the Japanese economy can overcome the long-term economic deflation that has taken place since the mid-1990s. The large-scale econometric model and its analysis have been important for planning several policy measures and examining the economic structure of a country. However, it seems that the development and maintenance of the KLM would be very costly. The book discusses how the KLM is developed and employed for the policy analyses.

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.This volume comprises papers written by Soshichi Kinoshita (Professor Emeritus, Nagoya University, Nagoya), Jiro Nemoto (Professor of Economics, Nagoya University, Nagoya), Mitsuo Yamada (Professor of Economics, Chukyo University, Nagoya) and Taiyo Ozaki (Professor of Economics, Kyoto Gakuen University, Kyoto).