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Human capital and growth in japan since 1970: converging to the steady state in a 1% world.
(2014-11-20)
Annual growth in GDP/adult in Japan has declined from over 10% in 1969 to an average of 1% since the financial crisis in 1991. I show that a dynamic Solow growth model, augmented with human capital, weekly labor-hours, ...
Human capital and growth in Japan: Converging to the steady state in a 1% world
(Elsevier, 2015-06)
Annual growth in GDP/adult in Japan has declined from over 10% in 1969 to an average of 1% since the financial crisis in 1991. I showthat a dynamic Solow growth model, augmented with human capital, weekly hours worked, and ...
