The Industry Origins of Japanese Economic Growth

69 Pages Posted: 2 Mar 2006 Last revised: 31 Mar 2022

See all articles by Dale W. Jorgenson

Dale W. Jorgenson

Harvard University - Department of Economics; National Bureau of Economic Research (NBER); Harvard University - Harvard Kennedy School (HKS)

Koji Nomura

Keio University - Keio Economic Observatory

Date Written: November 2005

Abstract

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.

Suggested Citation

Jorgenson, Dale W. and Nomura, Koji, The Industry Origins of Japanese Economic Growth (November 2005). NBER Working Paper No. w11800, Available at SSRN: https://ssrn.com/abstract=851709

Dale W. Jorgenson (Contact Author)

Harvard University - Department of Economics ( email )

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Harvard University - Harvard Kennedy School (HKS) ( email )

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Koji Nomura

Keio University - Keio Economic Observatory ( email )

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Tokyo, 108-8345
Japan

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