The investigation of economic growth's explanatory factors: The case of the Japanese economy

Ioan MihuŃ, Marius; Plesoianu, Anita
March 2014
Scientific Journal of Humanistic Studies;Mar2014, Vol. 6 Issue 10, p102
Academic Journal
The aim of this study is to identify the factors explaining the economic growth of Japan. To fulfill this goal, we have been focusing on three explanatory factors: consumption, import of technology and price of a barrel of oil. In our attempt to investigate the Japanese economic growth, a multiple linear model has been used. Moreover, the data sample includes annual values for the previously mentioned factors during 1955 to 2012. The results reveal that there are direct relationships between consumption and technology import. However, Japan's economic growth can be influenced by other factors, as well; the changes in imports of technology, the consumption and the price of a barrel of oil explain only in a proportion of 47.36% the evolution of economic growth.


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