U.S. R&D and Japanese Medium Term Cycles

Between 1960 and 1990 Japanese labor productivity rose from 27 percent of the U.S. to 87 percent. These productivity gains are associated with large variations in Japanese TFP. We find that movements in Japanese TFP are associated with prior movements in U.S. R&D expenditures. Model simulations that isolate the contribution of U.S. R&D to Japanese TFP reproduce the most important swings in Japanese economic activity between 1960 and 2002.

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Year of publication:	2008-10
Authors:	Braun, R. Anton ; Okada, Toshihiro ; Sudo, Nao
Institutions:	School of Economics, Kwansei Gakuin University
Subject:	Network Medium term cycles \| R&D

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Extent:	application/pdf
Series:	Discussion Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 43 39 pages
Classification:	E32 - Business Fluctuations; Cycles ; O11 - Macroeconomic Analyses of Economic Development ; O33 - Technological Change: Choices and Consequences; Diffusion Processes
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005764933