[go: up one dir, main page]

IDEAS home Printed from https://ideas.repec.org/p/qld/uq2004/266.html
   My bibliography  Save this paper

A Comparison of Japanese Corporate Finance Between the High Growth Period and the Bubble Economy: Eichner-Kaleckian Modelling And An Analysis

Author

Abstract
The two Japanese economies, the high growth period economy and the Bubble Economy have common features, but they are different in many respects. Though different models for analysing these two economies appear here, they are basically the same. They are based on the Eichner-Kaleckian type models, and the model for the high growth period economy could be located as a special case of the Bubble Economy model. The reason for not applying the latter model to both periods is that not doing so makes the common features and differences of both periods clearer. In both economies, the predetermined or exogenous variables, bank loan interest rate in the high growth period and financial investment return net of risk play key roles. Finally, these Eichner-Kaleckian models seem to contradict Post Keynesian endogenous money supply. It is proven below that this is not true.

Suggested Citation

  • T. Kano, 1999. "A Comparison of Japanese Corporate Finance Between the High Growth Period and the Bubble Economy: Eichner-Kaleckian Modelling And An Analysis," Discussion Papers Series 266, School of Economics, University of Queensland, Australia.
  • Handle: RePEc:qld:uq2004:266
    as

    Download full text from publisher

    File URL: http://espace.library.uq.edu.au/eserv/UQ:11073/DP266Nov99.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
    2. Terzi, Andrea, 1986. "Finance, Investment and Saving: A Comment," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 10(1), pages 77-80, March.
    3. Snippe, J, 1986. "Finance, Saving and Investment in Keynes's Economics: A Reply," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 10(4), pages 373-377, December.
    4. Asimakopulos, A, 1985. "Finance, Saving and Investment in Keynes's Economics: A Comment," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 9(4), pages 405-407, December.
    5. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
    6. Marc Lavoie, 1992. "Foundations of Post-Keynesian Economic Analysis," Books, Edward Elgar Publishing, number 275.
    7. Snippe, Jan, 1985. "Finance, Saving and Investment in Keynes's Economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 9(3), pages 257-269, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guth, Werner & Ritzberger, Klaus & van Damme, Eric, 2004. "On the Nash bargaining solution with noise," European Economic Review, Elsevier, vol. 48(3), pages 697-713, June.
    2. Dinar, Ariel, 1989. "Application of the Nash Bargaining Model to a Problem of Efficient Resources Use and Cost-Benefit Allocation," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270685, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Volodymyr Babich & Simone Marinesi & Gerry Tsoukalas, 2021. "Does Crowdfunding Benefit Entrepreneurs and Venture Capital Investors?," Manufacturing & Service Operations Management, INFORMS, vol. 23(2), pages 508-524, March.
    4. Ley, Eduardo, 2006. "Statistical inference as a bargaining game," Economics Letters, Elsevier, vol. 93(1), pages 142-149, October.
    5. Yu, Shasha & Lei, Ming & Deng, Honghui, 2023. "Evaluation to fixed-sum-outputs DMUs by non-oriented equilibrium efficient frontier DEA approach with Nash bargaining-based selection," Omega, Elsevier, vol. 115(C).
    6. repec:eee:labchp:v:2:y:1986:i:c:p:1039-1089 is not listed on IDEAS
    7. Yashiv, Eran, 2007. "Labor search and matching in macroeconomics," European Economic Review, Elsevier, vol. 51(8), pages 1859-1895, November.
    8. Güth, Werner, 1998. "Sequential versus independent commitment: An indirect evolutionary analysis of bargaining rules," SFB 373 Discussion Papers 1998,5, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
    9. Iraklis Kollias & John Leventides & Vassilios G. Papavassiliou, 2024. "On the solution of games with arbitrary payoffs: An application to an over‐the‐counter financial market," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 1877-1895, April.
    10. van Damme, E.E.C., 2000. "John Nash and the analysis of rational behavior," Other publications TiSEM cf34a879-fd1c-4588-9646-7, Tilburg University, School of Economics and Management.
    11. Takeuchi, Ai & Veszteg, Róbert F. & Kamijo, Yoshio & Funaki, Yukihiko, 2022. "Bargaining over a jointly produced pie: The effect of the production function on bargaining outcomes," Games and Economic Behavior, Elsevier, vol. 134(C), pages 169-198.
    12. Lili Liu & Guochun Tang & Baoqiang Fan & Xingpeng Wang, 2015. "Two-person cooperative games on scheduling problems in outpatient pharmacy dispensing process," Journal of Combinatorial Optimization, Springer, vol. 30(4), pages 938-948, November.
    13. Naeve-Steinweg, Elisabeth, 2002. "Mechanisms supporting the Kalai-Smorodinsky solution," Mathematical Social Sciences, Elsevier, vol. 44(1), pages 25-36, September.
    14. Hwang, Sung-Ha & Rey-Bellet, Luc, 2021. "Positive feedback in coordination games: Stochastic evolutionary dynamics and the logit choice rule," Games and Economic Behavior, Elsevier, vol. 126(C), pages 355-373.
    15. Vesa Kanniainen & Juha-Matti Lehtonen, 2019. "Offset Contracts as an Insurance Device in Building the National Security," Defence and Peace Economics, Taylor & Francis Journals, vol. 30(1), pages 85-97, January.
    16. Eric van Damme & Xu Lang, 2022. "Two-Person Bargaining when the Disagreement Point is Private Information," Papers 2211.06830, arXiv.org, revised Jan 2024.
    17. Anbarci, Nejat & Skaperdas, Stergios & Syropoulos, Constantinos, 2002. "Comparing Bargaining Solutions in the Shadow of Conflict: How Norms against Threats Can Have Real Effects," Journal of Economic Theory, Elsevier, vol. 106(1), pages 1-16, September.
    18. Cédric Wanko, 2008. "Approche Conceptuelle et Algorithmique des Equilibres de Nash Robustes Incitatifs," Working Papers 08-03, LAMETA, Universtiy of Montpellier, revised Feb 2008.
    19. Felipe Maciel Cardoso & Carlos Gracia-Lázaro & Frederic Moisan & Sanjeev Goyal & Angel Sánchez & Yamir Moreno, 2020. "Effect of Network Topology and Node Centrality on Trading," Post-Print hal-03188212, HAL.
    20. Jacob Engwerda & Davoud Mahmoudinia & Rahim Dalali Isfahani, 2016. "Government and Central Bank Interaction under Uncertainty: A Differential Games Approach," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 20(2), pages 225-259, Spring.
    21. Vincent Martinet & Pedro Gajardo & Michel De Lara & Héctor Ramírez Cabrera, 2011. "Bargaining with intertemporal maximin payoffs," EconomiX Working Papers 2011-7, University of Paris Nanterre, EconomiX.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qld:uq2004:266. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SOE IT (email available below). General contact details of provider: https://edirc.repec.org/data/decuqau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.