Reply to Professor Kazuo Sato

Richard Katz

Japanese Economy, 1996, vol. 24, issue 2, 73-95

Abstract: Professor Kazuo Sato has prepared a detailed critique of my paper, "From Growth Superstar to Economic Underachiever." His main points are:1. Japan, far from being an underperformer in 1973-90, was still superior since its per capita GDP growth was higher than the growh of other leading industrial countries. My growth regressions contained a serious specification error, specifically a simultaneity bias in the investment factor.

Date: 1996
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DOI: 10.2753/JES1097-203X240273

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