Book contents
- Frontmatter
- Contents
- List of contributors
- List of figures
- List of tables
- Preface
- Part I Reflections on input-output economics
- Part II Perspectives of input-output economics
- 10 A neoclassical analysis of total factor productivity using input-output prices
- 11 What has happened to the Leontief Paradox?
- 12 The decline in labor compensation's share of GDP: a structural decomposition analysis for the United States, 1982 to 1997
- 13 An oligopoly model in a Leontief framework
- 14 Economies of plant scale and structural change
- 15 Technological change and accumulated capital: a dynamic decomposition of Japan's growth
- 16 Japan's economic growth and policy-making in the context of input-output models
- 17 Contributions of input-output analysis to the understanding of technological change: the information sector in the United States
- 18 How much can investment change trade patterns? An application of dynamic input-output models linked by international trade to an Italian policy question
- 19 Social cost in the Leontief environmental model: rules and limits to policy
- Subject index
- Author index
16 - Japan's economic growth and policy-making in the context of input-output models
Published online by Cambridge University Press: 22 September 2009
- Frontmatter
- Contents
- List of contributors
- List of figures
- List of tables
- Preface
- Part I Reflections on input-output economics
- Part II Perspectives of input-output economics
- 10 A neoclassical analysis of total factor productivity using input-output prices
- 11 What has happened to the Leontief Paradox?
- 12 The decline in labor compensation's share of GDP: a structural decomposition analysis for the United States, 1982 to 1997
- 13 An oligopoly model in a Leontief framework
- 14 Economies of plant scale and structural change
- 15 Technological change and accumulated capital: a dynamic decomposition of Japan's growth
- 16 Japan's economic growth and policy-making in the context of input-output models
- 17 Contributions of input-output analysis to the understanding of technological change: the information sector in the United States
- 18 How much can investment change trade patterns? An application of dynamic input-output models linked by international trade to an Italian policy question
- 19 Social cost in the Leontief environmental model: rules and limits to policy
- Subject index
- Author index
Summary
Introduction
The contributions of Leontief's input-output analysis to economic theory are discussed by many others in this volume. So, I focus, instead, upon applied aspects and the policy implications of his theory. In particular, I emphasize the role and impacts of his model in Japanese national economic policy and development planning in terms of macroeconomic and industry structural changes since the mid-1950s. While regional inputoutput models also have been widely used for regional development issues by Japan's local governments and related institutions, I shall touch on them only in the context of national development policy. Although national input-output models have been extensively used by Japan's government agencies, especially the Economic Planning Agency (EPA) and the former Ministry of International Trade and Industry (MITI, now METI), the enthusiasm for using the model that existed between the 1950s and 1970s seems to have gradually cooled down, except for the case of environmental policy. The dramatic turning point occurred in the early 1980s, when the cabinet of the then Prime Minister, Yasuhiro Nakasone, instituted a neo-liberal economic policy. This policy declared an over-abundance of quantitative guidelines and opted to maintain only a little of what had been the core of the government's economic planning. Even though important improvements by the government continued to accumulate in the form of input-output table compilation and related modeling techniques, the downgrading of the status of quantitative macroeconomic and sectoral targets generally has been observed.
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- Wassily Leontief and Input-Output Economics , pp. 294 - 310Publisher: Cambridge University PressPrint publication year: 2004
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