(with little effect on low educated workers performing manual non-routine tasks). Using industry level data on the US, Japan …

In this paper we compare sources of economic growth in Japan and the United States from 1975 through 2003, focusing on … contribution of total factor productivity growth from the IT sector in Japan also increased, while the contributions of labor input … growth in Japan from for the next decade is substantially below that in the United States, mainly due to slower growth of …

to Japan's macroeconomic performance in the 1990s. Compared to the one-sector analysis of Japan in the 1990s in Hayashi … and Prescott (2002), our model does slightly better or just as well in accounting for Japan's output slump and does worse … in accounting for the capital-output ratio. We also show that, to revive a 2% long-term growth in percapita GDP, Japan …