By IFO Institute for Economic Research Sakura Institute ofResearch Japan
The goal of this booklet is to judge adequately financial improvement mechanism and to extract beneficial classes from a comparability of the industrial improvement of Japan and that of Germany. The publication covers an intensive diversity of financial matters: (1) macro-economic elements: capital, exertions, know-how; (2) macro-economic regulations: monetary, financial, commercial; (3) exterior shocks to either economies: oil crises, trade expense fluctuations, environmental difficulties; (4) improvement methods of significant industries: metal, chemical substances, and vehicles. The analyses with this systematic and finished strategy supply necessary insights for the final reader in addition to directions for constructing international locations and for japanese eu nations in transition.
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Additional info for A Comparative Analysis of Japanese and German Economic Success
Consequently, one should view housing investment and the substantial programme of public housing of the early 1950s as having had important efficiency effects. Not only would one expect that housing investment in this environment would shift the Beverage curve in Germany inward, improving the efficiency of labour markets. Housing investment should also be seen as complementary to industrial investment, substantially raising the productivity of the industrial capital stock. These arguments have not been sufficiently studied in Germany and await future research.
0 0 .. 10 1955 60 65 70 75 Source: EPA, Annual Report on National Accounts 80 . 2. Change in employment Shifts in the share of the total work force paint a rather different picture from that suggested by trends in value added. Since 1970 the primary and secondary industries have together accounted for a steadily and gradually declining share of the total, whereas the share in the tertiary industry has followed a consistent growth track, having absorbed a steadily growing share of the labour force.
2. Immediate Post-war Situation 23 of ensuing government measures to protect agriculture ended up in delaying the centralisation of farming and the improvement of competitiveness in the agricultural sector owing to the continuing existence of independent farmers working small areas of land during the following years of economic development. GHQ also moved to break up the huge industrial conglomerates known as zaibatsu and to remove people who had co-operated in the war effort from public office.
A Comparative Analysis of Japanese and German Economic Success by IFO Institute for Economic Research Sakura Institute ofResearch Japan