Model and the Japanese Energy Model, the JNREM can offer the comprehensive prediction of Japanese regional economies which is consistent to that of the national economy, energy demand and the world energy market.The model has the following characteristics. First, it is multi-sectoral so that not only economic behavior of each region is analyzed by sector but interaction among sectors in each region is treated. Second, the JNREM is so cautiously built that it is possible to determine all endogenous variables for the national economy and the regional economies. This property is especially important in forecasting the behavior of interregional migration and of manufacturing investment. Third, the capital utilization rate is employed in manufacturing production to reflect adjustment process in the manufacturing sector. The ratio of actual demand for electricity (kilo-watt hours) to the contracted amount of electricity (kilo-watts) is used as a proxy for the capital utilization rate. Fourth, in sharp contrast with the previous multiregional models of Japan, regional unemployment is explicitly included in the model. This
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