Government Policy towards Industry in the United States and Japan

List of contributors; Acknowledgments; 1. Editor's summary John B. Shoven; 2. The corporate cost of capital in Japan and the United States: a comparison Albert Ando and Alan Auerbach; 3. The taxation of income from capital in Japan John B. Shoven and Toshiaki Tachibanaki; 4. Corporate tax burden and tax incentives in Japan Hiromitsu Ishi; 5. A closer look at saving rates in the United States and Japan Michael J. Boskin and John M. Roberts; 6. The Japanese current-account surplus and fiscal policy in Japan and the United States Kazuo Ueda; 7. Curing trade imbalance by international tax coordination Iwao Nakatani; 8. Picking losers: public policy toward declining industries in Japan Merton J. Peck, Richard C. Levin and Akira Goto; 9. Corporate capital structure in the United States and Japan: financial intermediation and implications of financial deregulation James E. Hodder; 10. The Japanese bureaucracy in economic administration: a rational regulator or pluralist agent? Masahiko Aoki; 11. Japan's energy policy during the 1970s Chikashi Moriguchi; 12. Industry structure and government policies in the US and Japanese integrated-circuit industries W. Edward Steinmueller.

'… a useful addition to a growing literature on U.S. and Japanese industrial' policies.' Journal of Economic Literature

The essays contained in this 1988 volume cover many important issues relating to government policies in the Japanese and American economies.