Japan's dramatic transformation from economic success to economic stagnation offers important policy lessons to … growth from the perspective of demographic change: will aging Korea become another Japan? / Kyooho Kwon -- 4. Export dynamics … of Japan, Korea and China / Kyu-Chul Jung -- Part II Resource allocations and TFP -- 5. Product market efficiencies and …

Japan's dramatic transformation from economic success to economic stagnation offers important policy lessons to … advanced countries everywhere that are struggling with stagnation. The term 'Japanization' is often used by economists to … describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near …

effects on domestic consumption. Such effects may not be accurately detected and measured in a classical permanent …-income model without considering consumption habit formation as pointed out by Nishiyama (2005). To resolve this problem, this … paper employs an extended permanent-income model which encompasses consumption habit formation. Both cointegration analysis …

distress; 7. Why was Japan hit so hard by the global financial crisis?; 8. China's policy responses to the global financial …