Profitability and growth in multiregion systems : interpreting the growth of Japan

Auteur :
WEBBER, M.

Description :
The paper reports calculations about reasons for the exceptional growth of Japan and for the slowdown in growth in the OECD since the early 1970s. The calculations are based on a multi-region off-equilibrium dynamic model of two regions. The Japan-Rest of the OECD system was on a trajectory far above dynamic equilibrium levels of profit, accumulation, and growth in 1960. The post-1973 slowdown is simply the effect of the system returning to a trajectory that is nearer dynamic equilibrium.


Type de document :
Article de périodique

Source :
Environment and planning A, issn : 0308-518X, 1998, vol. 30, n°. 3, p. 415-437, Collation : Illustration, Références bibliographiques : 45 ref.

Date :
1998

Editeur :
Pays édition : Royaume-Uni, London, Pion