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dc.date2015-06
dc.date.available2015-11-06T16:24:57Z
dc.date.issued2015-06
dc.identifier.issn0889-1583
dc.identifier.urihttp://hdl.handle.net/10784/7513
dc.description.abstractAnnual 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 oil prices, explains Japan’s annual growth rates from 1969 to 2007 as conditional convergence to a steady-state rate of 1%/year. Each year of average adult schooling attainment raised GDP/adult directly or indirectly by 20 percent, and weekly hours worked had an output elasticity of 0.5. The marginal product of schooling in 2005 is double the marginal product of physical capital.eng
dc.language.isoengeng
dc.publisherElseviereng
dc.relation.ispartofJournal of the Japanese and International Economies. Vol.36(74), 2015, pp.73-89spa
dc.relation.isversionofhttp://www.sciencedirect.com.ezproxy.eafit.edu.co/science/article/pii/S088915831500012X
dc.relation.urihttp://www.sciencedirect.com.ezproxy.eafit.edu.co/science/article/pii/S088915831500012X
dc.rightsrestrictedAccesseng
dc.rights© 2015 Elsevier Inc. All rights reserved.spa
dc.sourceJournal of the Japanese and International Economies. Vol.36(74), 2015, pp.73-89spa
dc.titleHuman capital and growth in Japan: Converging to the steady state in a 1% worldeng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccesseng
dc.type.localArtículospa
dc.subject.keywordJapaneng
dc.subject.keywordHuman capitaleng
dc.subject.keywordSchoolingeng
dc.subject.keywordProductivityeng
dc.subject.keywordEconomic growtheng
dc.subject.keywordConvergenceeng
dc.rights.localAcceso restringidospa
dc.date.accessioned2015-11-06T16:24:57Z
dc.type.hasVersionpublishedVersioneng
dc.type.hasVersionObra publicadaspa
dc.contributor.departmentEscuela de Economía y Finanzasspa
dc.contributor.departmentEconomíaspa
dc.contributor.authorBreton,Theodore Rspa
dc.citation.journalTitleJournal of the Japanese and International Economieseng
dc.citation.volume36
dc.citation.issue74
dc.citation.spage73
dc.citation.epage89
dc.identifier.doi10.1016/j.jjie.2015.03.001
dc.contributor.affiliationUniversidad Eafit,Escuela de Economía y Finanzas, Medellín, Antioquia, Colombiaspa
dc.contributor.programEstudios en Economía y Empresaspa


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