competitive climate makes the state more appealing to investors, increasing the possibility of attracting local or international … goal of the state and associated institutions is to encourage competition and to avoid any activities that place market … participants and consumers in an unfair situation. It is also critical that the state’s activities and appropriate regulatory …

In 1960s - 1980s Japan enjoyed high economic growth. In the early 1990s, however, the growth rate drastically declined … and thereafter Japan has been suffering secular stagnation. This paper proposes a dynamic macroeconomic model that can …

accelerated economic, social and political modernization. The contrast with Meiji Japan has been made by several Thai and foreign …