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U.S. R&D and Japanese Medium Term Cycles

R. Braun, Toshihiro Okada () and Nao Sudo

No 43, Discussion Paper Series from School of Economics, Kwansei Gakuin University

Abstract: Between 1960 and 1990 Japanese labor productivity rose from 27 percent of the U.S. to 87 percent. These productivity gains are associated with large variations in Japanese TFP. We find that movements in Japanese TFP are associated with prior movements in U.S. R&D expenditures. Model simulations that isolate the contribution of U.S. R&D to Japanese TFP reproduce the most important swings in Japanese economic activity between 1960 and 2002.

Keywords: Network Medium term cycles; R&D (search for similar items in EconPapers)
JEL-codes: E32 O11 O33 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2008-10, Revised 2008-10
New Economics Papers: this item is included in nep-ino and nep-mac
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Citations: View citations in EconPapers (9)

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http://192.218.163.163/RePEc/pdf/kgdp43.pdf First version, 2008 (application/pdf)

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Working Paper: U.S. R&D and Japanese Medium Term Cycles (2006) Downloads
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