Structural Reforms, Innovation and Economic Growth

Kosuke Aoki, Naoko Hara and Maiko Koga
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Kosuke Aoki: University of Tokyo

No 17-E-2, Bank of Japan Working Paper Series from Bank of Japan

Abstract: This paper constructs a growth model of the distance from the world technology frontier to argue that firms' incentives to innovate and the government's decision on implementing reforms can be mutually reinforcing. This complementarity may, however, result in a country falling into a self-perpetuating low productivity trap. Certain types of structural change, initiated either by the private sector or by the government, can help the country to escape from this trap.

Keywords: Economic Growth; Economic Reform; Productivity Gap (search for similar items in EconPapers)
JEL-codes: O11 O43 (search for similar items in EconPapers)
Date: 2017-04-13
New Economics Papers: this item is included in nep-gro, nep-ino and nep-tid
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:boj:bojwps:wp17e02

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