Sources of Japanese competitiveness and growth

Hegazy Elgazar

International Advances in Economic Research, 2002, vol. 8, issue 1, 65-78

Abstract: This paper examines the properties of a dynamic equilibrium model focused on sectoral specialization and dynamic competitiveness in international trade. Factors of competitiveness and growth were broken down into three parameters on the export side, two parameters on the import side, and two parameters on the productivity side. Furthermore, the relation between the growth rate of productivity and the wages index is examined. In the first period, 1960–1972, the rapid change in the structure of Japanese production and the composition of Japanese exports paralleled the rapid structural change in the international market and the rapid change in the prices of Japanese exports, stimulating Japanese exports to the international market. The engine of economic growth here is a significant technological change along with improvement of labor and capital productivity. In the second period, 1973–1996, factors such as improving the quality of production, cumulative experience, and the flexibility of price elasticity were crucial factors in increasing Japanese exports. Despite the decline in growth rate of technological change, the engine continued to grow and was supported by increasing the value of the economies of scale. Copyright International Atlantic Economic Society 2002

Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1007/BF02295564 (text/html)
Access to full text is restricted to subscribers.

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:kap:iaecre:v:8:y:2002:i:1:p:65-78:10.1007/bf02295564

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11294

DOI: 10.1007/BF02295564

Access Statistics for this article

International Advances in Economic Research is currently edited by Katherine S. Virgo

More articles in International Advances in Economic Research from Springer, International Atlantic Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().