This paper presents new data on the sources of growth for the Japanese economy over the period 1960-2000. The principal innovation is the incorporation of detailed information for individual industries, including those involved in the production of computers, communications equipment, and electronic components as information technology equipment. We show that economic growth is dominated by investments and productivity growth in information technology, both for individual industries and the economy as a whole. We also show that the revival of total factor productivity growth accounts for the modest resurgence of the Japanese economy since 1995.
|Number of pages||61|
|Journal||Journal of The Japanese and International Economies|
|Publication status||Published - 2005 Dec|
- Information technology
ASJC Scopus subject areas
- Economics and Econometrics
- Political Science and International Relations