Japan’s Economic Recovery: Insights from Multi-Region Dynamics

Centre for Applied Microeconomic Analysis (CAMA) Working Paper No. 18/2011

29 Pages Posted: 29 Jun 2011

See all articles by Rod Tyers

Rod Tyers

Australian National University (ANU) - School of Economics; The University of Western Australia - Department of Economics

Ying Catherine Zhang

The University of Western Australia - UWA Business School

Date Written: June 1, 2011

Abstract

Despite its key contribution to global economic growth through the 1960s and 1970s, in recent decades the rise of China has seen the importance of Japan recede from the public discourse. This is notwithstanding its continuing key role as global investor and trading partner. Yet this role has been threatened by a tendency for its economy to stagnate since the 1990s and by the tragic earthquake of 2011, both of which have implications for global economic performance. This paper briefly reviews the many claimed sources of Japan’s stagnation and then analyses the sources of recovery along with the implications of the 3-11 disaster, using a multi-region global dynamic model. Both demand and supply side determinants prove important though it is shown that a key future role will be played by the performance of Japan’s services sector and of the industrial policies that affect it.

Suggested Citation

Tyers, Rod and Zhang, Ying Catherine, Japan’s Economic Recovery: Insights from Multi-Region Dynamics (June 1, 2011). Centre for Applied Microeconomic Analysis (CAMA) Working Paper No. 18/2011. Available at SSRN: https://ssrn.com/abstract=1874443 or http://dx.doi.org/10.2139/ssrn.1874443

Rod Tyers (Contact Author)

Australian National University (ANU) - School of Economics ( email )

Arndt Building
Australian National University
Canberra, Australian Capital Territory 0200
Australia
61-6-249-5124 (Fax)

The University of Western Australia - Department of Economics ( email )

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Crawley, Western Australia 6009
Australia
61 8 6488 5632 (Phone)

HOME PAGE: http://www.business.uwa.edu.au/school/staff-profiles?type=profile&dn=cn%3DRodney%20Tyers%2Cou%3DEcon

Ying Catherine Zhang

The University of Western Australia - UWA Business School ( email )

Crawley, Western Australia 6009
Australia

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