Contrary to its highest R&D intensity, Japan has dramatically decreased its productivity in the 1990s. This can be attributed to a low marginal productivity of technology. Such a productivity decrease compels a delay in R&D, which results in reduced R&D productivity leading to a vicious cycle...

This paper examines the effects of technological distance on the performance of manufacturing sectors relative to the proximity of R&D activities in adjacent prefectures in Japan, and identifies agglomeration effects in innovation and productivity. This analysis provides constructive insights to...

While Japan’s automotive industry increased its production during the bubble economy period in the late 1980s, it changed to dramatic decrease due to the bursting of the bubble economy in 1991 resulted in substantial decrease in its international competitiveness. Such dramatic change has urged...

Contrary to its conspicuous achievement as an industrial society, Japan has been experiencing long lasting economic stagnation due to a paradigm shift toward an information society that emerged in the 1990s. This contraction can be attributed to the shift from a growth‐oriented trajectory in...