Productivity, Efficiency, Scale Economies and Technical Change: A New Decomposition Analysis
AbstractThis paper aims to examine the productivity change of the Japanese economy using the data pertaining to the 47 prefectures during the period 1981-2000. The decomposition analysis of the Hicks-Moorsteen-Bjurek productivity index is conducted to explore the sources of the productivity change. In summary, technical change and efficiency change are two of the most important components driving procyclical productivity. We find that their relative importance varies over periods. Supply shocks captured by technical change component caused upturns in productivity in the mid and late 80s and in 1999 and 2000. Supply shocks also caused downturns in the early and mid 90s. On the other hand, demand shocks captured by the efficiency change component drove upturns of productivity in 1984, 1990, and 1996 when supply shocks were not detected.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 11373.
Date of creation: May 2005
Date of revision:
Publication status: published as Nemoto, Jiro and Mika Goto. "Productivity, Efficiency, Scale Economies And Technical Change: A New Decomposition Analysis Of TFP Applied To The Japanese Prefectures," Journal of the Japanese and International Economies, 2005, v19(4,Dec), 617-634.
Contact details of provider:
Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Web page: http://www.nber.org
More information through EDIRC
Find related papers by JEL classification:
- C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Robert J.R. Elliott & Supreeya Virakul, .
"Multi-Product Firms and Exporting: A Developing Country Perspective,"
08/12, University of Nottingham, GEP.
- Robert Elliott & Supreeya Virakul, 2010. "Multi-product firms and exporting: a developing country perspective," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 146(4), pages 635-656, December.
- Walter Briec & Kristiaan Kerstens, 2011.
"The Hicks–Moorsteen Productivity Index Satisfies The Determinateness Axiom,"
University of Manchester, vol. 79(4), pages 765-775, 07.
- Walter Briec & Kristiaan Kerstens, 2008. "The Hicks-Moorsteen Productivity Index Satisfies the Determinateness Axiom," Working Papers 2008-ECO-10, IESEG School of Management.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.