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| Hamada, Koichi. |
| 1968 was an epoch-making year in the Japanese economic history, or in the Japanese history in general. In this centennial year after the Meiji restoration, Japan's GNP became the second largest in the world surpassing West Germany. Japan was cruising on one of the most rapid growth trajectories, but it was anticipating the shade of future changes. Student movements flourished, being synchronized the world over, pollution in urban areas erupted and inflationary pressure began to surface. Japan's balance of current account turned into a pattern of chronic surplus, the pattern that led to the collapse of the Bretton Woods regime. In the socio-economic sense, 1968 was a reflection point of Japan's high growth period. This paper describes the economic forces... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Japan; High growth period; Student movements; Collapse of Bretton Woods; Pollution; Political Economy. |
| Ano: 1996 |
URL: http://purl.umn.edu/28487 |
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| Endoh, Masahiro; Hamada, Koichi. |
| The Lerner paradox is the possibility that a tariff on an import good might worsen a countrys terms of trade, and the Metzler paradox is the possibility that a tariff on an import good might reduce a countrys import price. In a general equilibrium framework with multiple goods, this paper shows that the combination of the invertibility of the Slutsky matrix for the world economy and its similarity across countries will preclude both of the paradoxes, and that the combination of the gross-substitutes assumption for the world demand and the substitute assumption for the demand of an import country property of goods will preclude the Lerner paradox. A modified condition for the Slutsky matrix combined with the gross substitute for the world demand will do... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2006 |
URL: http://purl.umn.edu/28495 |
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