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Survey: Did the TFP Growth Rate in Japan Decline in the 1990s (in Japanese)

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  • Tomohiko Inui
  • Hyeog Ug Kwon

Abstract

This paper surveys the methodologies adopted and the results produced in 13 studies on Japan's TFP growth in the 1990s at the macro- and industry-level. Most of these studies point out a slowdown in Japan's TFP growth rates during the 1990s, however, the degree of the slowdown is fairly small. Using the Japan Industrial Productivity Database, we estimate the mark-up ratios and the degree of returns to scale at the industry level, and then re-estimate TFP growth rates.

Suggested Citation

  • Tomohiko Inui & Hyeog Ug Kwon, 2005. "Survey: Did the TFP Growth Rate in Japan Decline in the 1990s (in Japanese)," Economic Analysis, Economic and Social Research Institute (ESRI), vol. 176, pages 138-164, June.
    • Handle: RePEc:esj:esriea:176f
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    File URL: http://www.esri.go.jp/jp/archive/bun/bun176/bun176j.pdf
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    Cited by:

    1. Kyoji Fukao, 2013. "Explaining Japan's Unproductive Two Decades," Asian Economic Policy Review, Japan Center for Economic Research, vol. 8(2), pages 193-213, December.
    2. FUKAO Kyoji & IKEUCHI Kenta & KWON Hyeog Ug & YoungGak KIM & MAKINO Tatsuji & TAKIZAWA Miho, 2015. "Lessons from Japan's Secular Stagnation," Discussion papers 15124, Research Institute of Economy, Trade and Industry (RIETI).

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