Examines the results of five empirical studies dealing with applications of the general equilibrium models.
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This book reports the results of five empirical studies undertaken in the early seventies by a collaboration headed by Professor Morishima. It deals with applications of the general equilibrium models whose theoretical aspects have been one of Professor Morishima's main interests.
Preface; Part I. A Dynamic Analysis of the American Economy, 1902–1952 M. Morishima and M. Saito: 1. Introduction; 2. The structural model; 3. Short-run properties of the model; 4. Long-run properties of the model; Part II. Input-Output Analysis of the Effectiveness of Fiscal Policies for the United Kingdom, 1954 M. Morishima and T. Nosse: 1. Introduction; 2. An interindustrial model with endogenous consumption; 3. Impact multipliers and efficient budget of the government; 4. Generation of income through reduction of taxes; Part III. A General Equilibrium Analysis of Prices and Outputs in Japan, 1953–1965 M. Saito: 1. Introduction; 2. Theoretical model; 3. The estimation of the model; 4. Comparative statics of general equilibrium; 5. A factor analysis of price and output changes; Part IV. An Input-Output Analysis of Disguised Unemployment in Japan, 1951–1965 M. Morishima and Y. Murata: 1. Introduction; 2. Disguised unemployment in a re-interpreted input-output model; 3. Data and estimates of the parameters; 4. Factor analysis of disguised unemployment; Appendix: an estimation of international trade multiplier, 1954–1965 M. Morishima and Y. Murata; Bibliography; Index.
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