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Structural Changes and Economic Growth: Evidence from Japan

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Author Info
Kengo Nutahara () (University of Tokyo and JSPS research fellow)

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Abstract

In this paper, we introduce an index of structural changes of the economy, and investigate the relationship between economic growth and structural changes in the Japanese economy We find that (i) there is no clear relationship between structural changes and business cycles in the short run; however, (ii) the long run movements of structural changes are positively correlated with economic growth. In the short run, our result is consistent with the neoclassical view; it is also consistent with the Schumpeterian view of economic growth in the long run.

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File URL: http://economicsbulletin.vanderbilt.edu/2008/volume15/EB-08O00005A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 15 (2008)
Issue (Month): 9 ()
Pages: 1-11
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Handle: RePEc:ebl:ecbull:v:15:y:2008:i:9:p:1-11

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Postal: Economics Bulletin, Department of Economics, 414 Calhoun Hall, Vanderbilt University, Nashville TN 37235, USA
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Related research
Keywords: Schumpeterian; neoclassical; structural changes; economic growth; Japan;

Find related papers by JEL classification:
O0 - Economic Development, Technological Change, and Growth - - General
E0 - Macroeconomics and Monetary Economics - - General

Statistics
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This page was last updated on 2009-10-20.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.