We estimate a demand function for household floor space in the Kanto area in Japan by using a survey questionnaire, and conduct calibrations to investigate whether effective demand is consistent with the prescribed targeted or minimum floor space in Japan¡¦s Basic Act for Housing. The results...

We estimate the stocks of patents and their growth rates in the Italian textile and chemical industries between 1904 and 1937. The stocks and growth rates by nationality are estimated for Italy, France, Germany, the UK, Switzerland, and the USA. The Italian patent stock in the textile industry...

We overcome the problems of data availability and investigate the fiscal multipliers in autonomous prefectures in China. We first estimate the long-run elasticity of gross regional production with respect to fiscal expenditure in autonomous prefectures, using autoregressive distributed lag...

We propose a new empirical approach to analyzing fiscal decentralization and apply it to Chinese intergovernmental fiscal relationships between the central government and provincial governments. In calculating budgetary revenue and expenditure shares, we include extra budgetary revenue and...

Using a disequilibrium model, we investigate the relationship between the supply constraint of electricity generation capacity and electricity demand in Taiwan. We find that electricity consumption faced supply constraints in Taiwan between 1959 and 1972, but that after 1973 generation capacity...

The study presents (1) the convergence of labour productivity in manufacturing industries in Japanese MEAs during 1985 to 2000, using Markov chain transition matrix and (2) the speed of convergence to an ergodic distribution. The results indicate that (1) the labour productivities of all MEAs...

The standard argument is that while money creation and credit creation have different channels, they provide the same theoretical size of multipliers. However, there is usually some difference in practice. Consequently, in this paper we investigate the long-run relationship between the credit...