Includes bibliographies and index.

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.