2024
DOI: 10.1111/1759-3441.12408
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The Long‐Term Economic Impact of Abenomics: Evidence from the Synthetic Control Method

Josh Matti

Abstract: This paper examines the long‐term causal impact of Abenomics, a comprehensive policy package aiming to revitalise the Japanese economy. Using the Synthetic Control Method (SCM), the study assesses the effects of Abenomics across a variety of economic indicators. The findings reveal mixed impacts, with no evidence of Abenomics reducing budget deficits or boosting exports, but a positive effect on real GDP per capita paired with a reduction in the unemployment rate. The evidence regarding the effect on labor for… Show more

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