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Japan's Saving Rate is Indeed Lower Than Professor Hayashi Revealed
Oleh:
Iwamoto, Yasushi
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
JAPAN AND THE WORLD ECONOMY vol. 8 no. 1 (1996)
,
page 35-42.
Topik:
saving
;
saving rate
;
revealed
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ47.6
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Hayashi (1986) found that if Japanese national accounts are adjusted to the US National Income and Product Accounts definition, the apparent gap in the saving rates was substantially reduced. This note shows that his adjustment method can be improved in two ways. First, his treatment of land investment was inconsistent. Second, his deduction of the service flow of government capital from national income is unnecessary. After taking into account these problems, this note found that the ratio of Japan's national net saving to Net National Product is up to 0.6 percentage point lower than Hayashi found.
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