Judgement and expert knowledge is widely thought to be important in the successful practice of forecasting. For policymakers, forecasts also embody judgments about the state of the economy, the transmission of shocks and optimal policy responses which necessitate the use of structural models. This conference aims to bring together policymakers and academics interested in these issues.
Mongolian Foreign Minister Luvsanvandan Bold and distinguished academic experts launch the latest issue of the East Asia Forum Quarterly, ‘On the edge in Asia’.
A tale of two SICs: industrial development in Japan and the United States in the late nineteenth century
Dr John Tang examines whether Japan adopted new technologies faster than the United states did. He finds that new sectors did not appear relatively sooner in Japan, but they grew to economic significance faster.