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The Industry Origins of Japanese Economic Growth

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Author Info
Dale W. Jorgenson
Koji Nomura

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Abstract

This paper presents new data on the sources of growth for the Japanese economy over the period 1960- 2000. The principal innovation is the incorporation of detailed information for individual industries, including those involved in the production of computers, communications equipment, and electronic components as information technology equipment. We show that economic growth is dominated by investments and productivity growth in information technology, both for individual industries and the economy as a whole. We also show that the revival of total factor productivity growth accounts for the modest resurgence of the Japanese economy since 1995.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 11800.

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Date of creation: Nov 2005
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Handle: RePEc:nbr:nberwo:11800

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Find related papers by JEL classification:
C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
E23 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Production

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  1. Robert Inklaar & Marcel P. Timmer & Bart van Ark, 2006. "Mind the gap! International comparisons of productivity in services and goods production," Hi-Stat Discussion Paper Series d06-175, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
    Other versions:
  2. Robert Dekle & Guillaume Vandenbroucke, 2006. "A Quantitative Analysis of China’s Structural Transformation," IEPR Working Papers 06.51, Institute of Economic Policy Research (IEPR). [Downloadable!]
    Other versions:
  3. Dale W. Jorgenson & Kazuyuki Motohashi, 2005. "Information Technology and the Japanese Economy," NBER Working Papers 11801, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  4. Fumio Hayashi & Koji Nomura, 2005. "Can IT be Japan's Savior?," NBER Working Papers 11749, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  5. Philippe Bacchetta & Eric van Wincoop, 2006. "Incomplete information processing: a solution to the forward discount puzzle," Proceedings, Federal Reserve Bank of San Francisco, issue Jun. [Downloadable!]
    Other versions:
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