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R&D and Productivity Growth : Comparing Japanese and U.S. Manufacturing Firms

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estimated effect of the growth in the capital-labor ratio on firm productivity is approximately twice as large in Japan than in …We compute rates of growth in labor productivity during the 1973-80 period for samples of individual manufacturing … firms, in both Japan and the U.S., and relate them to differences in the rates of growth in their capital-labor ratios and …

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