This article provides estimates of purchasing power parity (PPP) converters for expenditure side GDP of Japan/China, Japan/U.S. and China/U.S. in 1934-36 through a detailed matching of prices for more than 50 types of goods and services in private consumption and about 20 items or sectors for...

Following the approach of Corrado, Hulten, and Sichel (2005, 2006), we measure intangible investment and examine the contribution of intangible capital to economic growth in Japan. We find that the ratio of intangible investment to GDP in Japan has risen during the past 20 years and now stands...