Reconsideration of the Quantity and Quality Analysis of the Japanese and U.S. Economy

Tamaki Morita ()
Additional contact information
Tamaki Morita: J. F. Oberlin University, Faculty of Aviation Management

Chapter 6 in On the Structural Transformation of the Japanese Economy 1985-2023, 2026, pp 123-156 from Springer

Abstract: Abstract This chapter examines the divergent technological change in the Japanese and the United States (U.S.) economies, demonstrating that improving factor productivity efficiency is essential for Japan. To ensure methodological consistency with the authors’ prior research on the period from 1960 to 2004, the authors first re-estimate growth rates for this period using a new dataset. By providing updated insights into long-term growth dynamics based on the latest measurement standards and presenting a consistent analytical framework that bridges historical and contemporary growth analysis, this study contributes to a deeper understanding of recent economic trends. The primary focus of this study is the period from 1980 to 2020, marked by significant structural changes, including globalization, techno-logical advancements, and demographic shifts. The findings underscore Japan’s need to enhance both capital and labor efficiency, particularly in the context of population decline. This study also emphasizes the robust stability of the U.S. economy while addressing the belatedness in Japan’s stability.

Keywords: Biased technical change; Factor efficiency; Growth stability; Japan; Productivity; United States (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advchp:978-981-95-7230-4_6

Ordering information: This item can be ordered from
http://www.springer.com/9789819572304

DOI: 10.1007/978-981-95-7230-4_6

Access Statistics for this chapter

More chapters in Advances in Japanese Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().