The benefits of the multi‐faceted liberalization of the Chinese economy can be seen in various indicators of economic development. The rate of growth of the economy, the flow of foreign investment in China, and rising quality of life are some of the indicators of gains from the liberalization...

This paper specifically models rigidities in the labor market in China and analyzes the effect of labor market liberalization on economic growth using a computable general equilibrium (CGE) model. Our results indicate that labor market reforms are essential to the realization of significant...

In this paper, the authors briefly introduce progresses in implementation of Intelligent Transportation Systems (ITS) in Japan. ITS impact economy and society in many ways. Many researchers have tried to quantify the impact of ITS on the economy using econometric or operations research based...

Applying the lag-augmented vector autoregression approach developed by Toda and Yamamoto (1995), we analyse the causal relationships among GDP, private capital, transport user cost, and port capital in Japan, and investigates the dynamic and accumulated effects of port capital formation on other...