Was Japan's level of investment in the 1990's excessive?
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| Title | Was Japan's level of investment in the 1990's excessive? |
|---|---|
| Author | Guest, Ross; McDonald, Ian M. |
| Journal Name | Singapore Economic Review |
| Editor | Euston Quah |
| Year Published | 2003 |
| Place of publication | Singapore |
| Publisher | World Scientific Publishing |
| Abstract | In this paper a method for calculating the socially optimal level of aggregate investment is developed. That method is then applied to Japan. It is found that in the 1990's the level of investment in Japan was excessive, in the sense that it exceeded the socially optimal level. The degree of over-investment in Japan in the 1990's has averaged about 5.5 per cent of GDP per year according to the calculations in this paper. |
| Peer Reviewed | Yes |
| Published | Yes |
| Publisher URI | http://www.worldscinet.com/ser/48/4801/S0217590803000633.html |
| Copyright Statement | Copyright 2003 World Scientific Publishing Company. The electronic version of the article is published as above. |
| Volume | 48 |
| Issue Number | 1 |
| Page from | 13 |
| Page to | 26 |
| ISSN | 0217-5908 |
| Date Accessioned | 2004-03-20 |
| Date Available | 2007-03-30T06:11:22Z |
| Language | en_AU |
| Research Centre | Griffith Asia Institute |
| Faculty | Graduate School of Management |
| Subject | Macroeconomics (incl. Monetary and Fiscal Theory) |
| URI | http://hdl.handle.net/10072/6113 |
| Publication Type | Journal Articles (Refereed Article) |
| Publication Type Code | c1 |
Please use this identifier to cite this record: http://hdl.handle.net/10072/6113
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