Watanabe, Chihiro; Tokumasu, Shinji - In: Journal of Advances in Management Research 1 (2003) 1, pp. 11-27
Contrary to its highest R&D intensity, Japan has dramatically decreased its productivity in the 1990s. This can be attributed to a low marginal productivity of technology. Such a productivity decrease compels a delay in R&D, which results in reduced R&D productivity leading to a vicious cycle...