Growth Alternatives Of The Japanese Economy: Structure And Simulations Of Dynamic Econometric Model With Input-output System (Demios)

Overview of the Keynes-Leontief Model (KLM)

The book describes the structure of the Keynes-Leontief Model (KLM) of Japan and discusses how the Japanese economy can overcome the long-term economic deflation that has taken place since the mid-1990s.

Importance and Applications

The large-scale econometric model and its analysis have been important for planning several policy measures and examining the economic structure of a country.

Development and Maintenance Challenges

However, it seems that the development and maintenance of the KLM would be very costly. The book discusses how the KLM is developed and employed for policy analyses.