Earth Endogenous System: To Answer the Current Unsolved Economic Problems
- Earth Endogenous System?(hereunder, the EES) is perfectly economic policy-orientation while a system for national accounts (the SNA, 1993, 2008, the UN) and other international organizations (e.g., OECD, EU, ILO, and so on) are all records-orientation. The author proves in the EES a fact that policy-orientation and records-orientation cannot overlap/coincide, except for endogenous data =actual data in the EES as an ideal case.
- The EES proves its justification by establishing KEWT (Kamiryo Endogenous World Table) database series, with recursive programming=calibration that tests the transitional path for hundreds of times, by year of KEWT. Original data of KEWT come from International Financial Statistics Yearbook (IFSY), IMF: 10 from real assets and 15 from financial/market externals by year, commonly by country, over 86 countries in KEWT.
- The EES is solely based on the endogenous-equilibrium but, robustly reinforces the market principles under the price-equilibrium prevailing in the world and, reveals whatever the market principles cannot disclose due to the property of absolute price by goods and services, so called vertical or as the warps of cloths (methodology/container solely used for policies). It implies that equilibrium is a common base for estimate/measure/forecast.
- These facts imply that theory=practice, or endogenous=theoretical=practical data, and causes=results=forecasts simultaneously, beyond space and time and that statistic/actual data are always within a certain range of endogenous data since original data come from IFSY. As a result, the EES does not need data analysis or econometrics, whose methodologies have been developed by years. Policy-makers improve a set of seven endogenous parameters hidden in a discrete Cobb-Douglas production function. And actual data approach endogenous data under full employment with no inflation (here, deflation is minus) under perfect competition.
- The EES presents cooperative methods to solve the current unsolved economic problems by "learning by doing". Inflation/deflation, assets-bubbles, unemployment, macro-inequality are all related and could be steadily solved by using the navigator of the EES based on the real assets of IFSY. Typically, the maximized profit principle is measured numerically by-sector (government and private sectors, just before redistribution of taxes in the SNA). The rate of return maximized with net investment minimized is most modest when deficit is zero, whose base was earlier mathematically proved by Samuelson (1937, 40-42).
Chapter 1Summary of Monograph, Introduction and Framework
Chapter 2Endogenous I-S and External L-M Diagram in Equilibrium: towards the Neutrality of inancial/Market Assets to Real Assets
Chapter 3Ratio of Positive Net Investment to Deficit Required for the Reinforcement of the 3% Golden Rule
Chapter 4Answer the Market 7% Problem at the Break-Even Point of Primary Balance: Endogenous Evidences with Fiscal Policy
Chapter 5How to Solve the Fiscal Problems in the Current Financial Crisis
Chapter 6Capital Stock and Its Rate of Return, Japan vs. the US, 1960-2011, Purely Measured under No Assumption
Chapter 7Structural Analysis of the Speed Years for Convergence in Equilibrium by Country: Six Hyperbolas with Each Simulation
Chapter 8Two Disequilibrium Risks of δ0 and the Speed Years, Essential to Seven Endogenous Parameters
Chapter 9Empirical Proof of the Flexibility of the Wage Rate and the Rate of Return in Endogenous Equilibrium: Using KEWT 5.11 by Sector, 1990-2009
Chapter 10Essence of the Endogenous System and Its Geometrical Philosophy
Chapter 11Stage Processes from Young-Developing to Robust-Developing, by Country in the Endogenous-Equilibrium
Chapter 12Revisit Two Tax Multipliers, Tax and Government Spending, by Area and by Country
Chapter 13Government Spending and Taxes to Guarantee Growth: Samuelson's Balanced Budget (1942) to Answer Krugman's (July, 2012)
Chapter 14Net Investment and Business Cycle: Using 'sin' in G and PRI Sectors
Chapter 15Population Growth Negatively Related to Technology and Its Growth
Chapter 16Recursive Programming to Reinforce the KEWT Data-sets by Country