NIRA Research Output 1992 Vol.5 No.4

Saving, Investment, and Rate of Return in the U.S. and Japan,
and International Capital


CONTENTS

Summary Report (PDF format)

1. Japan's Saving Rate: New Data and Reflections

Fumio Hayashi

2. The Relation between Firm Growth and Q with Multiple Capital Goods: Theory and Evidence from Panel Data on Japanese Firms

Fumio Hayashi
Tohru Inoue

3. Ex-day Behavior of Japanese Stock Prices: New Insights from New Methodology

Fumio Hayashi
Ravi Jagannathan

4. Are Japanese Stock Prices Too High?

Kenneth R. French
James M. Poterba

5. The Cost of Capital in Japan: Recent Evidence and Further Results

Albert Ando
Alan J. Auerbach


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