Growth and stagnation: The case of the Japanese economy (1981-2009)

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dc.contributor.authorBallesteros, Carlos
dc.contributor.authorPosada, Carlos Esteban
dc.contributor.eafitauthorcballes4@eafit.edu.co
dc.contributor.eafitauthorcposad25@eafit.edu.co
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.date.accessioned2017-05-23T20:11:55Z
dc.date.available2017-05-23T20:11:55Z
dc.date.issued2017-05-01
dc.description.abstractThe pace of Japanese economic growth was substantially higher than that exhibited by the group of developed economies between 1985 and 1995; later has been lower. What explains this "relative decline"? According to the econometric results of an exercise carried out, inspired by the model of Aghion and Howitt (2009), the hypotheses of insufficient investment or savings can be considered implausible to explain such performance, while an alternative hypothesis can be considered likely: The loss of efficiency of the Japanese society, compared with the other developed societies, to transform resources required in R&D into a high and constant rate of technical change.eng
dc.identifier.jelO11
dc.identifier.jelO31
dc.identifier.jelO33
dc.identifier.jelO41
dc.identifier.jelO47
dc.identifier.jelO57
dc.identifier.urihttp://hdl.handle.net/10784/11434
dc.language.isoengeng
dc.publisherUniversidad EAFITspa
dc.publisher.departmentEscuela de Economía y Finanzasspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordKey words: Economic growthspa
dc.subject.keywordSolow and Schumpeter modelsspa
dc.subject.keywordinvestment ratespa
dc.subject.keywordR&D expendituresspa
dc.subject.keywordcapital stock per efficiency units of labor.spa
dc.titleGrowth and stagnation: The case of the Japanese economy (1981-2009)eng
dc.typeworkingPapereng
dc.typeinfo:eu-repo/semantics/workingPapereng
dc.type.hasVersiondrafteng
dc.type.localDocumento de trabajo de investigaciónspa

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