{"id":5335,"date":"2013-04-06T18:03:17","date_gmt":"2013-04-06T16:03:17","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=5335"},"modified":"2013-04-09T14:32:47","modified_gmt":"2013-04-09T11:32:47","slug":"the-promise-of-abenomics","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/the-promise-of-abenomics\/","title":{"rendered":"The Promise of Abenomics"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div>\n<p align=\"left\">Stiglitz, Joseph.<\/p>\n<p align=\"left\">Japanese Prime Minister Shinzo Abe\u2019s program for his country\u2019s economic recovery has led to a surge in domestic confidence. But to what extent can \u201cAbenomics\u201d claim credit? Interestingly, a closer look at Japan\u2019s performance over the past decade suggests little reason for persistent bearish sentiment. Indeed, in terms of growth of output per employed worker, Japan has done quite well since the turn of the century. With a shrinking labor force, the standard estimate for Japan in 2012 \u2013\u00a0that is, before Abenomics \u2013 had output per employed worker growing by 3.08% year on year. That is considerably more robust than in the United States, where output per worker grew by just 0.37% last year, and much stronger than in Germany, where it shrank by 0.25%.<\/p>\n<p align=\"left\"><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>Project Syndicate<\/p>\n<p align=\"left\"><a href=\"http:\/\/www.project-syndicate.org\/commentary\/shinzo-abe-and-soaring-confidence-in-japan-by-joseph-e--stiglitz\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Stiglitz, Joseph. Japanese Prime Minister Shinzo Abe\u2019s program for his country\u2019s economic recovery has led to a surge in domestic confidence. But to what extent can \u201cAbenomics\u201d claim credit? Interestingly, a closer look at Japan\u2019s performance over the past decade suggests little reason for persistent bearish sentiment. Indeed, in terms of growth of output [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,39,4],"tags":[28,25],"class_list":["post-5335","post","type-post","status-publish","format-standard","hentry","category-18","category-39","category-proposals","tag-28","tag-25"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/5335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=5335"}],"version-history":[{"count":3,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/5335\/revisions"}],"predecessor-version":[{"id":5337,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/5335\/revisions\/5337"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=5335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=5335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=5335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}