In this paper, I present a framework for the comparative analysis of the national/regional dynamics of accumulation, technical change and employment from a (here, only sectorally) disaggregated point of view. It focuses on the characteristics of "dynamic variety" and is oriented to empirical...

Based on a panel data set of the Japanese corporations, we investigate into the collateral role of the land assets. We estimate the Euler equation of investment decision rule by the GMM when the corporations face borrowing constraints.