economic growth is dominated by investments and productivity growth in information technology, both for individual industries … and the economy as a whole. We also show that the revival of total factor productivity growth accounts for the modest …

contribution of total factor productivity growth from the IT sector in Japan also increased, while the contributions of labor input … and productivity growth from the Non-IT sector lagged far behind the United States. Our projection of potential economic … labor input. Our projections of labor productivity growth in the two economies are much more similar …