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Persistent link: https://www.econbiz.de/10001783793
lackluster, like Japan, have done surprisingly well in terms of GDP growth per working-age adult. Indeed, from 1998 to 2019 …, Japan has grown slightly faster than the U.S. in terms of per working-age adult: an accumulated 31.9% vs. 29.5%. Furthermore …
Persistent link: https://www.econbiz.de/10014437045
formal quantitative analysis. We begin with studies of the Dutch Republic, England, the U.S., France, Germany and Japan that …
Persistent link: https://www.econbiz.de/10012470401
This paper uses a VAR to investigate four possible explanations of the extended slump in Japanese economic activity over the 1990s: the absence of bold and consistent fiscal stimulus; the limited room for expansionary monetary policy due to a liquidity trap; overinvestment and debt overhang; and...
Persistent link: https://www.econbiz.de/10012471434
competitive firms. The results in our paper suggest that when it comes to TFP growth, this view of Japan is seriously erroneous …. We find that lower tariffs and higher import volumes would have been particularly beneficial for Japan during the period … productivity growth. Our findings on Japan suggest that the salutary impact of imports stems more from their contribution to …
Persistent link: https://www.econbiz.de/10012471526
The relative distribution of the populations of the top 40 urban areas of France and Japan remained very constant …
Persistent link: https://www.econbiz.de/10012474322
Group-of-Five (G-5) countries: France, West Germany, Japan, United Kingdom and United states. It is assumed that all … France, West Germany and Japan, and between 8 and 10 percent per annum for the U.K. and the U.S. for the period under study …, the productive efficiencies of France, West Germany and Japan rose rapidly from less than 40 percent of the U.S. level in …
Persistent link: https://www.econbiz.de/10012475512
This paper argues that Japan's export growth is likely to slow sharply over the next few years, perhaps to zero. For … the past dozen years Japan's export volume has gown much more rapidly than her domestic production. This divergence was … factors are running in reverse. If Japan's export growth does slow sharply, the mechanism will be a very strong yen …
Persistent link: https://www.econbiz.de/10012477110
United States relative to Japan. High productivity growth in the traded sector of the Japanese economy results in a … continuous fall in the prices of traded goods relative to nontraded goods in Japan. In order to keep U.S. traded goods …
Persistent link: https://www.econbiz.de/10012477152