| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w2479
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| 来源ID | Working Paper 2479
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| The U.S. Japan Trade Imbalance from the Japanese Perspective |
| Ryuzo Sato
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| 发表日期 | 1988
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| 出版年 | 1988
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| 语种 | 英语
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| 摘要 | By 1981, Japan achieved both internal and external equilibrium; exports and imports roughly balanced at sixteen percent of the gross national product. However, within the country, there was concern that the growth in the government, accompanied by raising budget deficits, would make it impossible for the economy to cope with a future crisis similar to the oil price shocks of the seventies. The Chairman of Keidaren, Mr. Doko, called for a 'philosophy of preservance' requiring government austerity and individual sacrifice. The expected crises never occurred but the policies followed led to a balance of payment surplus. Scientific studies to determine the exact sources of these imbalances are few but indications are that forty percent of the gap was due to differences in growth in demand at home and abroad, thirty percent due to differences in the elasticity of import and export functions and thirty percent due to movement in the exchange rate. It is argued that political and economic frictions arise when it attempted to treat the symptom without reforming the fundamental structure. Proper strategies can convert the 'Zero-sum game' to a 'positive-sum' game. |
| 主题 | International Economics
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| URL | https://www.nber.org/papers/w2479
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559735
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推荐引用方式
GB/T 7714 |
Ryuzo Sato. The U.S. Japan Trade Imbalance from the Japanese Perspective. 1988.
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文件名：
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w2479.pdf
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格式：
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Adobe PDF
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