After comprehensively reviewing various methodologies related to productivity growth rate, this paper estimates that Korea's TFP growth rate in the 2000s is not substantially lower than that in the 1990s.This estimation implies that Korea's TFP growth maintains a sustainable pace, and hence less...

Contents: Preface -- 1. Introduction and overview / Dongchul Cho, Takatoshi Ito and Andrew Mason -- Part I Aging, industry maturation and Japanization -- 2. Japanization: is it spreading to the rest of the world? / Takatoshi Ito -- 3. GDP growth from the perspective of demographic change: will...