The Japanese economy
The Japanese economic behavior is modeled. GDP evolution is represented as a sum two components: economic tend and fluctuations. The trend is an inverse function of GDP per capita with a constant numerator. The growth rate fluctuations are numerically equal to two thirds of the relative change in the number of eighteen-year-olds. Inflation is represented by a linear function of labor force change rate. The models provide an accurate description for the poor economic performance and deflation separately. Using the models, GDP per capita is predicted for the next ten years and recommendations are given to overcome deflation.
|Date of creation:||2006|
|Date of revision:|
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- Ivan O. Kitov, 2008.
"Real GDP per capita in developed countries,"
- Ivan O. Kitov, 2008.
"Modelling the transition from a socialist to capitalist economic system,"
- Ivan Kitov, 2005. "Modelling the transition from a socialist to capitalist economic system," Economics Bulletin, AccessEcon, vol. 28(11), pages A0.
- Ivan Kitov, 2007. "Modeling the Transition from a Socialist to Capitalist Economic System," Mechonomics mechonomics9, Socionet.
- Kitov, Ivan, 2005. "Modelling the transition from a socialist to capitalist economic system," MPRA Paper 2740, University Library of Munich, Germany.
- Ivan Kitov, 2007.
"Inflation, Unemployment, Labor Force Change in European Counties,"
- Kitov, Ivan, 2007. "Inflation, unemployment, labor force change in European countries," MPRA Paper 14557, University Library of Munich, Germany.
- Ivan O. Kitov, 2006. "Inflation, unemployment, labor force change in the USA," Working Papers 28, ECINEQ, Society for the Study of Economic Inequality.
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