The benefit of efficiency improvement on growth and convergence: A study using Japan panel data
Eiji Yamamura and
Economics Letters, 2008, vol. 99, issue 1, 209-211
Empirical results through a fixed effects regression model show that technological catch-up is three times as effective as capital deepening but both have done much to cause economic convergence among Japanese prefectures (regions). Results are contrary to existing research on East Asian growth experience.
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