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For the mid to late 1990s and early 2000s, the basic neoclassical growth theory predicts a steady Japanese economy, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non-­neutral technology proposed by McGrattan & Prescott (2010)...
Persistent link: https://www.econbiz.de/10012961605
For the mid to late 1990s and early 2000s, the basic neoclassical growth theory predicts a steady Japanese economy, when in fact the Japanese economy was depressed. This study applies the new theory with intangible investment and non-neutral technology proposed by McGrattan & Prescott (2010) to...
Persistent link: https://www.econbiz.de/10012950924
productivity. Was this the case for Japan during the late 1980s when a massive financial bubble was being formed? This paper … did not contribute positively to TC and hence the measured productivity and economic growth of the bubble period in the …
Persistent link: https://www.econbiz.de/10013081064
Persistent link: https://www.econbiz.de/10011347893
Persistent link: https://www.econbiz.de/10001252798
This paper investigates the effect of exogenous entry barriers on productivity growth, using an R&D-based endogenous … for productivity growth. In order to confirm this point in quantitative terms, we estimate the model based on Lentz and …&D tax credits, we show quantitatively that both policies enhance the productivity growth, while there are qualitative …
Persistent link: https://www.econbiz.de/10009425156
studies conducted so far focus alone on the productivity effects of offshoring at the firm level. Here I carry out the … analysis of both the employment and productivity effects at the aggregate level of the industry, covering the years 1980 …. On the other hand, positive effects on the growth rate of productivity are found as a result of both types of offshoring …
Persistent link: https://www.econbiz.de/10009230680
studies conducted so far focus alone on the productivity effects of offshoring at the firm level. Here I carry out the … analysis of both the employment and productivity effects at the aggregate level of the industry, covering the years 1980 …. On the other hand, positive effects on the growth rate of productivity are found as a result of both types of offshoring …
Persistent link: https://www.econbiz.de/10010278561
Persistent link: https://www.econbiz.de/10001179463
structural breaks and (changes in) total factor productivity (TFP) growth. We observe a striking similarity between the Korean …
Persistent link: https://www.econbiz.de/10012196405