Format:
Online-Ressource (35 S.)
,
graph. Darst.
ISBN:
9781498327312
,
1498343554
,
9781498343558
Series Statement:
IMF working paper 15/54
Content:
We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to regress a measure of inclusive growth, which incorporates both average income growth and income inequality, on macroeconomic and policy variables. Our analysis suggests that achieving the Bank of Japan's 2 percent inflation target has a positive effect on average income growth, but an adverse effect on income equality. The package of structural reforms planned under Abenomics is found to be effective in increasing both average income growth and income equality. The main policy implication of our analysis is that full implementation of structural reforms- especially labor market reforms-is necessary to both foster growth and increase equality
Note:
Systemvoraussetzungen: Acrobat Reader.
Additional Edition:
Erscheint auch als Druck-Ausgabe Aoyagi, Chie How Inclusive Is Abenomics? Washington, D.C. : International Monetary Fund, 2015 ISBN 9781498327312
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781498327312.001
