Reply to Professor Kazuo Sato

>p>Professor Kazuo Sato has prepared a detailed critique of my paper, "From Growth Superstar to Economic Underachiever." His main points are:>/p>>p>1. Japan, far from being an underperformer in 1973-90, was still superior since its per capita GDP growth was higher than the growh of other leading industrial countries. My growth regressions contained a serious specification error, specifically a simultaneity bias in the investment factor.>/p>

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Year of publication:	1996
Authors:	Katz, Richard
Published in:	Japanese Economy. - M.E. Sharpe, Inc., ISSN 1097-203X. - Vol. 24.1996, 2, p. 73-95
Publisher:	M.E. Sharpe, Inc.

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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