Developments in Japanese Economics provides information pertinent to the fundamental aspects of the developments in Japanese economics. This book presents the process innovative aspect of Japanese science and technology.Organized into three parts encompassing 12 chapters, this book begins with an overview of the heterogeneous capital goods model that is stable even with an infinitely short forecast. This text then emphasizes that the changes in capital accumulation are relevant for economic growth and decline. Other chapters consider the examples of how Japanese economists apply theory to empirical endeavors. This book discusses as well the durable capital stock of the Japanese manufacturing industries. The final chapter attempts to investigate the validity of the theory of self-dual demand functions, which can be integrated into consumer's utility function, by using both Japanese and U.S. data.This book is a valuable resource for economists, sociologists, political scientists, financial historians, statisticians, and research workers.

ContributorsPrefacePart I Economic Theory 1. Rules of Thumb in Expectations Formation and Stability of Growth Dynamics 2. Balance of Payments Adjustment Under Price Rigidity 3. Market Equilibrium and Optimum Social Welfare in a Two-Region Economy 4. Economic Expansion, Industrialization, and Dutch Disease Economics in the Context of International Monetary EconomicsPart II Theory and Applications 5. Expenditure Patterns and International Trade in Quesnay's Tableau Economique 6. Progress of Japanese National Accounts in an International Perspective of the SNA Review 7. Revaluation of Durable Capital Stock in Japanese Manufacturing and Its Application for the Measurement of Potential Growth Rate During the OPEC Decade 8. Why Is Japan's Private Saving Rate So High?Part III Comparative Analysis 9. Labor Market Segmentation, Human Resource Utilization, and Economic Development: The Case of Japan in Historical Perspective 10. A Comparative Study on Financial Development 11. Internationalization of Japanese Commercial Banking and the Yen: The Recent Experience of City Banks 12. Estimations of Self-Dual Demand Functions: An International Comparison