Publications
Detailed Information
Japans Lost Decade Revisited: Total Factor Productivity and Economic Growth
Cited 0 time in
Web of Science
Cited 0 time in Scopus
- Authors
- Issue Date
- 2011-12
- Citation
- Journal of International and Area Studies, Vol.18 No.2, pp. 65-73
- Keywords
- Japan ; Economic growth ; Total factor productivity ; Malmquist index
- Abstract
- This paper examines the decade-long economic slump in Japan during the 1990s. In the
neoclassical growth framework, a fall in total factor productivity growth is expected to slow down the
economys long-term growth. This papers findings based on the Malmquist index show that Japans
productivity growth rate in the 1990s is not only historically low but also lags considerably behind the
contemporaneous growth rates in other OECD nations. Building upon the Japanese experience, this
paper considers policy responses to the current global financial crisis.
- ISSN
- 1226-8550
- Language
- English
- Files in This Item:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.