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Recursive Dynamic Cge Analysis – The Road To Economic Recovery In Asia

In: From Crisis To Recovery East Asia Rising Again?

Author

Listed:
  • Zhi Wang

    (Applied Economic Department, Purdue University, U.S.A.)

  • Dianqing Xu

    (Department of Economics, Huron College, University of Western Ontario, Canada)

Abstract

The following sections are included:INTRODUCTIONKEY TO RECOVERY: DOMESTIC DEMAND IN JAPANRelation Between Japan and Asian EconomyDomestic Demand in Japan DeclinedIncome decreasedNegative wealth effectsPessimistic income expectedDecreased InvestmentJapan's Deferring StrategyReform in Japan's Financial SectorSTABILITY OF CHINESE RMBSTRUCTURE OF THE CGE MODELProduction and Demand StructuresEquilibrium. Exchange Rate and Macro ClosureInter-Period Linkages and Recursive DynamicsSIMULATION DESIGN AND RESULTSImpact of Recovery of Japan's Private ConsumptionDevaluation of Chinese RMBDevaluation of Japanese YenCONCLUSIONReferencesAPPENDIX

Suggested Citation

  • Zhi Wang & Dianqing Xu, 2001. "Recursive Dynamic Cge Analysis – The Road To Economic Recovery In Asia," World Scientific Book Chapters, in: Tzong-Shian Yu & Dianqing Xu (ed.), From Crisis To Recovery East Asia Rising Again?, chapter 12, pages 429-491, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812810496_0012
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