Growth and stagnation: The case of the Japanese economy (1981-2009)
| dc.contributor.author | Ballesteros, Carlos | |
| dc.contributor.author | Posada, Carlos Esteban | |
| dc.contributor.eafitauthor | cballes4@eafit.edu.co | |
| dc.contributor.eafitauthor | cposad25@eafit.edu.co | |
| dc.coverage.spatial | Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees | eng |
| dc.date.accessioned | 2017-05-23T20:11:55Z | |
| dc.date.available | 2017-05-23T20:11:55Z | |
| dc.date.issued | 2017-05-01 | |
| dc.description.abstract | The 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.jel | O11 | |
| dc.identifier.jel | O31 | |
| dc.identifier.jel | O33 | |
| dc.identifier.jel | O41 | |
| dc.identifier.jel | O47 | |
| dc.identifier.jel | O57 | |
| dc.identifier.uri | http://hdl.handle.net/10784/11434 | |
| dc.language.iso | eng | eng |
| dc.publisher | Universidad EAFIT | spa |
| dc.publisher.department | Escuela de Economía y Finanzas | spa |
| dc.rights.accessrights | info:eu-repo/semantics/openAccess | eng |
| dc.rights.local | Acceso abierto | spa |
| dc.subject.keyword | Key words: Economic growth | spa |
| dc.subject.keyword | Solow and Schumpeter models | spa |
| dc.subject.keyword | investment rate | spa |
| dc.subject.keyword | R&D expenditures | spa |
| dc.subject.keyword | capital stock per efficiency units of labor. | spa |
| dc.title | Growth and stagnation: The case of the Japanese economy (1981-2009) | eng |
| dc.type | workingPaper | eng |
| dc.type | info:eu-repo/semantics/workingPaper | eng |
| dc.type.hasVersion | draft | eng |
| dc.type.local | Documento de trabajo de investigación | spa |
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