Using a dynamic stochastic general equilibrium model, this study empirically examines Japan’s Kansai Region to ascertain causes of its long-run economic stagnation. Simulations and the empirical investigation demonstrate that stagnant private residential and equipment investments and...

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Saddled with internal problems and external shocks the past three decades (1980 to 2010), the Philippines is back on its feet and getting ready to be fully integrated into Asia’s regional economy with better institutional and governance quality, focused public sector investments in...

This study is an attempt to assess the impact of policy initiatives launched by Japan’s new Prime Minister Shinzo Abe on Japan’s real GDP in his first quarter in office. We use as a benchmark for measurement a counterfactual estimate of GDP. Since the Japanese economy is also in the midst of...

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As the second-tallest Japanese prime minister in the modern era, Prime Minister Shinzo Abe stood tall among other world leaders in the “family photo” at the recent 2013 G8 Summit, held at Lough Erne in Northern Ireland. The image seemed somehow symbolic of the fact that Japan has enjoyed an...

As the second-tallest Japanese prime minister in the modern era, Prime Minister Shinzo Abe stood tall among other world leaders in the “family photo” at the recent 2013 G8 Summit, held at Lough Erne in Northern Ireland. The image seemed somehow symbolic of the fact that Japan has enjoyed an...