Rising public debt everywhere has raised the question of how to reduce debt again in the future. High public debt also seems to be an impediment for the exit of central banks from ultra-low interest rates and quantitative easing. Historical precedents and proposals have included austerity,...

This paper explores the changing trend of adult height in China for cohorts born in 1950-90. We use information on the household structure and local economic conditions during the individual's childhood to explain the trend. We find that during the 40-year period, the growth rate of adult height...

This paper analyzes Japan's 1993 general election and the impact it had on the political culture of the nation. The paper begins by analyzing the dominance and corruption of the Japanese Liberal Democratic Party prior to the election, before explaining the factors behind the electoral victory of...

The mainstream analytical methods of modern economics, such as the Solow model, impose a limitation on the historical interpretation of sources and the future projection of economic growth potential in a transitional country like China, as the model assumes scenarios that are inconsistent with...