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Front Cover; Theory of Technical Change and Economic Invariance; Copyright Page; Dedication; Table of Contents; Foreword; Preface; Chapter 1. An Overview; I. Introduction: Why Lie Groups?; II. Holotheticity: Invariance of Production Function under Technical Change; III. Theory of Endogenous Technical Progress; IV. G (Group)-Neutral Technical Change; V. Comparative Statics and Integrability Conditions; VI. Implicit Technology; VII. Self-Duality; VIII. Dynamic Symmetries and Economic Conservation Laws; IX. Invariance of Index Numbers; X. The Group Structure of Observable Market Behavior.

Rules of thumb in expectations formation and stability of growth dynamics / Hajime Hori -- Balance of payments adjustment under price rigidity / Michihiro Ohyama -- Market equilibrium and optimum social welfare in a two-region economy / Noboru Sakashita -- Economic expansion, industrialization, and Dutch disease economics in the context of international monetary economics / Akira Takayama -- Expenditure patterns and international trade in Quesnay's Tableau economique / Takashi Negishi -- Progress of Japanese national accounts in an international perspective of the SNA review / Yoshimasa Kurabayashi and Hiroshi Matsuura -- Revaluation of durable capital stock in Japanese manufacturing and its application for the measurement of potential growth rate during the OPEC decade / Shunsuke Mori and Takamitsu Sawa -- Why is Japan's private saving rate so high? / Charles Yuji Horioka -- Labor market segmentation, human resource utilization, and economic development / Koji Taira -- A comparative study on financial development / Keimei Kaizuka -- Internationalization of Japanese commercial banking and the yen / Masahiro Fujita -- Estimations of self-dual demand functions / Ryuzo Sato and Masahiro Matsushita.

This volume evaluates the role of United States macroeconomic policy in the bilateral trade imbalance with Japan, from the perspectives of leading economists in the fields of macroeconomics and international trade. Policy analyses, as well as econometric forecasts of the US macroeconomy, are included

This volume presents the proceedings of an international conference held in 1986, a year in which the policy frictions between Japan and the United States were particularly heated. The issues discussed herein are of broader interest than the crises reported in the daily press. The conference programme and discussions attempt to put these crises in perspective and thereby contribute to our understanding of economic policy

The essays in this 1989 book provide an overview of the causes and proposed remedies for the recurring bouts of trade friction between Japan and the United States. The authors, drawn from both government and academia, discuss issues of macroeconomic policy, trade policy and financial market integration