JTMGE Vol. 3 No. 2 (October 2012)

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https://demodspace.chitkara.edu.in/handle/123456789/309

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Browsing JTMGE Vol. 3 No. 2 (October 2012) by Author "Chihiro Watanabe"

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    A Transition from Consumption-Dependent Development to Investment-Driven Development: A Comparison of 40 Countries
    (Chitkara University Publications, 2012-10) Kayano Fukuda; Chihiro Watanabe
    Following up the contrasting behaviors that growing economies suffer from an autarky cycle between consumption and economic growth. Advancing and advanced economies allow GDP growth for inducing investments efficiently. An empirical analysis was conducted in 40 countries, inspired by Samuelson’s multiplier-accelerator model, to examine a mechanism for switching from an autarky cycle to an investment-inducing virtuous cycle. The results suggest that a correlation between consumption growth and investment intensity is crucial to enable a shift from an autarky cycle to a virtuous cycle. The transition dynamism of economic cycles in these countries in the last three decades is also analyzed.
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    Fusing East and West Leads a Way to Global Competitiveness in Emerging Economy: Source of China’s Conspicuous Strength in Solar Industry
    (Chitkara University Publications, 2012-10) Narasimalu Srikanth; Chihiro Watanabe
    In light of a conspicuous strength in China’s solar industry in recent years this paper analyzes an institutional source of its strength. Empirical analysis was conducted focusing on the interaction between indigenous semiconductor industry (“East”) and newly emerging solar industry in absorption of global best practices (“West”) thereby fusion between them was demonstrated. Success of this fusion can be attributed to a joint work between industry’s intensive effort in learning global best practices for exploring new business and government’s catalytic role for the attainment of decarbonisation society for nation’s sustainability. This suggests a new insight for growing economy for its development of global competitive industry.