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Convergence to steady state growth: a model for Japan (1965-90)

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  • Jati Sengupta
  • Kumiko Okamura

Abstract

A model of convergence to steady-stage growth is specified here in terms of deviations from a steady-state demand for inputs and estimated for Japan for the period 1965-90. The estimated results show a dominant role of capital in the convergence process and also the forward looking view of input demand.

Suggested Citation

  • Jati Sengupta & Kumiko Okamura, 1996. "Convergence to steady state growth: a model for Japan (1965-90)," Applied Economics Letters, Taylor & Francis Journals, vol. 3(4), pages 259-265.
    • Handle: RePEc:taf:apeclt:v:3:y:1996:i:4:p:259-265
    DOI: 10.1080/758520876
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    References listed on IDEAS

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    1. Robert J. Barro & Xavier Sala-I-Martin, 1992. "Public Finance in Models of Economic Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(4), pages 645-661.
    2. Douglas Holtz-Eakin, 1992. "Solow and the States: Capital Accumulation, Productivity and Economic Growth," NBER Working Papers 4144, National Bureau of Economic Research, Inc.
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