History versus expectations: test of new growth theory
Jati Sengupta and
Kumiko Okamura
Applied Economics Letters, 1995, vol. 2, issue 12, 491-494
Abstract:
Which of the two forces, past history or future expectations, plays a more dominant role in economic growth? This hypothesis is econometrically tested here for Japan over the period 1965-90 and the evidence suggests a more dominant role for the forward looking expectations.
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:2:y:1995:i:12:p:491-494
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DOI: 10.1080/135048595356952
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