The Japanese economy and future growth prospects
This paper examines Japanese growth prospects through a 3P framework - population, participation and productivity - and illustrates the importance of productivity growth in offsetting the effects of declining population and aggregate labour force participation. Without further structural reforms, particularly in the labour market and non-tradeable sectors, labour productivity growth will remain subdued and Japanese potential GDP growth constrained.
Year of publication: |
2004
|
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Authors: | Fenner, Sian |
Published in: |
Economic Roundup. - Treasury. - 2004, 1, p. 61-78
|
Publisher: |
Treasury |
Subject: | economic development | economic reforms | Japan | labour market | productivity |
Saved in:
freely available
Extent: | application/pdf |
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Type of publication: | Article |
Classification: | E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; O53 - Asia including Middle East |
Source: |
Persistent link: https://www.econbiz.de/10010784722
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