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The Myth of the Patient Japanese : Corporate Myopia and Financial Distress in Japan and the Us
Hall, Brian J. - 2006
decrease their Ramp;D spending (our main proxy for long-term investment) more than Japanese firms. We find no evidence that …
Persistent link: https://www.econbiz.de/10012783974
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Comparison and Analysis of Productivity Growth and R&D Investment in Theelectrical Machinery Industries of the United States and Japan
Nadiri, M. Ishaq; Prucha, Ingmar R. - 2021
This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital formation in both countries. A substantial amount of...
Persistent link: https://www.econbiz.de/10013218546
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R&D, Production Structure and Productivity Growth : A Comparison of the Us, Japanese and Korean Manufacturing Sectors
Nadiri, M. Ishaq; Kim, Seongjun - 2021
We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as...
Persistent link: https://www.econbiz.de/10013219187
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Information Technology and the Japanese Economy
Jorgenson, Dale W.; Motohashi, Kazuyuki - 2021
In this paper we compare sources of economic growth in Japan and the United States from 1975 through 2003, focusing on … product devoted to investment in computers, telecommunications equipment, and software rose sharply after 1995. The … contribution of total factor productivity growth from the IT sector in Japan also increased, while the contributions of labor input …
Persistent link: https://www.econbiz.de/10013210551
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Transition Dynamics in Vintage Capital Models : Explaining the Postwar Catch-Up of Germany and Japan
Gilchrist, Simon; Williams, John C. - 2021
and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch … capital-output ratio, rising rates of investment and employment, and moderate rates of return to capital …
Persistent link: https://www.econbiz.de/10013230828
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Diversification Through Trade
Caselli, Francesco - 2015
A widely held view is that openness to international trade leads to higher GDP volatility, as trade increases specialization and hence exposure to sector-specific shocks. We revisit the common wisdom and argue that when country-wide shocks are important, openness to international trade can lower...
Persistent link: https://www.econbiz.de/10013016660
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Aggregate Implications of Innovation Policy
Atkeson, Andrew - 2011
We examine the quantitative impact of policy-induced changes in innovative investment by firms on growth in aggregate … impact elasticity of aggregate productivity growth with respect to an increase in aggregate innovative investment and the …
Persistent link: https://www.econbiz.de/10013119772
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The Role of Information in Competitive Experimentation
Akcigit, Ufuk - 2014
Technological progress is typically a result of trial-and-error research by competing firms. While some research paths lead to the innovation sought, others result in dead ends. Because firms benefit from their competitors working in the wrong direction, they do not reveal their dead-end...
Persistent link: https://www.econbiz.de/10013067107
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Funding Scientific Knowledge : Selection, Disclosure and the Public-Private Portfolio
Gans, Joshua S. - 2014
This paper examines argues that while two distinct perspectives characterize the foundations of the public funding of research - filling a selection gap and solving a disclosure problem - in fact both the selection choices of public funders and their criteria for disclosure and commercialization...
Persistent link: https://www.econbiz.de/10013068134
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The Reorganization of Inventive Activity in the United States During the Early Twentieth Century
Lamoreaux, Naomi R. - 2014
The standard view of U.S. technological history is that the locus of invention shifted during the early twentieth century to large firms whose in-house research laboratories were superior sites for advancing the complex technologies of the second industrial revolution. In recent years this view...
Persistent link: https://www.econbiz.de/10013070644