1300 36 33 32

This book reports the results of five empirical studies undertaken in the early seventies by a collaboration headed by Professor Morishima. It deals with applications of the general equilibrium models whose theoretical aspects have been one of Professor Morishima's main interests. Four main econometric models are constructed for the USA, the UK, and Japan. These are used as a basis for the discussion of various topics in economic theory, such as: the existence and stability or instability of the neoclassical path of full employment growth equilibrium and a von Neumann-type path of balanced growth at constant proces; the antimony between price-stability and full employment; the Samuelson-LeChatelier principle; the theory of the balanced-budget multiplier; the three Hicksian laws of the gross substitutes system; the Brown-Jones super-multipliers of international trade, and so on. In addition, this 1972 work makes a quantitative evaluation for the US economy of monetary and fiscal policies as short-run measures for achieving full employment; the effectiveness of built-in flexibility of taxes in the UK economy is discussed; and estimates are made of the rapid decrease in disguised unemployment in post-war Japan.

Buy Working of Econometric Models book by Michio Morishima from Australia's Online Bookstore, Boomerang Books.

Book Details

ISBN: 9780521085021
ISBN-10: 0521085020
Format: Hardback
(204mm x 159mm x 24mm)
Pages: 352
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 30-Nov-1972
Country of Publication: United Kingdom

Other Editions

Reviews

» Have you read this book? We'd like to know what you think about it - write a review about Working of Econometric Models book by Michio Morishima and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)

Write Review


Books By Author Michio Morishima

Working of Econometric Models by Michio Morishima

The Working of Econometric Models

Paperback, January 2010
$52.16
Dynamic Economic Theory by Michio Morishima

Dynamic Economic Theory

Paperback, September 2009
$57.56
Collaborative Development in Northeast Asia by Michio Morishima

Collaborative Development in Northeast Asia

Hardback, October 2000
$235.25
Japan at Deadlock by Michio Morishima

Japan at Deadlock

Hardback, August 2000
$374.65