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The Application of Alternative Demand Models to
Permanent Income and the Transaction Demand
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Acceleration Principle adjustment aggregate agriculture analysis assumed average balance of payments Bank of Japan capital stock CM CM coefficients commodity components computed consumption consumption function current thousand million deflator demand for money deviations domestic dummy variable Econometric Model Economic Planning Agency effect elasticity employment endogenous endogenous variables equation errors estimates exogenous expenditure export price factors fixed capital fixed investment forecasts gross growth rate H H H H rH imports income effects income group increase industries input interest rate inventory Japan Japanese economy Japanese exports KNCO KNKN labor productivity machinery manufacturing ment national income OJ OJ Osaka University output parameters pattern percent prewar price index production function quarter ratio regression relative price rH H statistical substitution Table technological change textiles thousand million yen Tokyo trade transaction demand Tsunehiko Watanabe wage rate