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Explaining Japan's Unproductive Two Decades

2015
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Release : 2015
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Book Synopsis Explaining Japan's Unproductive Two Decades by : Kyoji Fukao

Download or read book Explaining Japan's Unproductive Two Decades written by Kyoji Fukao. This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt: Using industry- and micro-level data, this paper examines why Japan's productivity growth has been slow for such a long time and how it can be accelerated in the future. Japan's capital-gross domestic product ratio continued to increase after 1991, and this increase in the capital-gross domestic product ratio must have contributed to the decline in the rate of return on capital in Japan by decreasing the marginal productivity of capital. On the other hand, Japan's accumulation of information and communication technology capital and intangible investment was very slow. Compared with large firms, which enjoyed an acceleration in the total factor productivity growth in recent years, Japanese small- and medium-sized enterprises were left behind in information and communication technology capital and intangible investment, and their productivity growth has been very low. Furthermore, as large firms expanded their supply chains globally and relocated their factories abroad, research and development spillovers from large firms to small- and medium-sized enterprises seem to have declined.

The Oxford Handbook of Productivity Analysis

2018-08-07 Business & Economics
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Release : 2018-08-07
Genre : Business & Economics
Kind : eBook
Book Rating : 722/5 ( reviews)

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Book Synopsis The Oxford Handbook of Productivity Analysis by : Emili Grifell-Tatjé

Download or read book The Oxford Handbook of Productivity Analysis written by Emili Grifell-Tatjé. This book was released on 2018-08-07. Available in PDF, EPUB and Kindle. Book excerpt: Productivity underpins business success and national well-being and thus it is crucial to understand the factors that influence productivity growth. This volume provides a comprehensive exploration into the significance of productivity growth for business, the economy, and for social economic progress. It examines how productivity is defined, measured and implemented. It also surveys the dispersion of productivity across time and place, focusing on the productivity dynamics that either leads to a reallocation of resources that reduces dispersion and increases aggregate productivity or, conversely, allows dispersion to persist behind barriers to productivity-enhancing reallocation. A third focus is an investigation of the drivers of, or impediments to, productivity growth, some of which are organizational in nature and under management control and others of which are institutional in nature and subject to public policy intervention. The Oxford Handbook of Productivity Analysis contains contributions of distinguished productivity experts from around the world who analyze a wide range of timely issues. These issues concern purely analytical topics surrounding the measurement of productivity in various situations, beginning with the ideal situation in which all inputs and all outputs, and their prices, are observed accurately. They also include service sectors such as education in which the services provided are hard to define, much less measure, and other sectors that generate undesirable environmental externalities that are difficult to price and complicate the very definition of productivity. The issues also involve business management topics ranging from the role of business models and benchmarking to the quality of management practices, the adoption of new technologies, and possible complementarities between the two. The relationship between productivity and business performance is also explored. At a more aggregate level the issues range from the impacts of market power, incentive regulation, international trade and global value chains on productivity, to the contribution of productivity to economic development and economic welfare.

Routledge Handbook of Contemporary Japan

2020-09-21 Social Science
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Release : 2020-09-21
Genre : Social Science
Kind : eBook
Book Rating : 017/5 ( reviews)

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Book Synopsis Routledge Handbook of Contemporary Japan by : Hiroko Takeda

Download or read book Routledge Handbook of Contemporary Japan written by Hiroko Takeda. This book was released on 2020-09-21. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Contemporary Japan presents a synthesized, interdisciplinary study of contemporary Japan based on up-to-date theoretical models designed to provide readers with a comprehensive and full understanding of the dynamics of contemporary Japan. In order to achieve this, the Handbook is organized into two parts. Part I, ‘Foundations’, clarifies the state of contemporary Japan topic by topic by referring to the latest theoretical developments in the relevant disciplinary fields of politics, international relations, economy, society, culture and the personal. Part II, ‘Issues’, then offers a series of concrete analyses building upon the theoretical discussions introduced in Part I to help undergraduate and postgraduate students learn how to conduct independent analysis. Locating Japan in a comparative and interdisciplinary perspective, this Handbook is an essential resource for students and scholars interested in Japanese studies, Asian studies and global studies.

Japanese Political Economy Revisited

2020-11-25 Business & Economics
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Release : 2020-11-25
Genre : Business & Economics
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Book Rating : 559/5 ( reviews)

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Book Synopsis Japanese Political Economy Revisited by : David Chiavacci

Download or read book Japanese Political Economy Revisited written by David Chiavacci. This book was released on 2020-11-25. Available in PDF, EPUB and Kindle. Book excerpt: During the last 30 years, the Japanese political economy system has experienced significant changes that are usually not well understood or analysed because of their complexity and contradictions. This book provides new analyses and insights on the process of evolving Japanese political economy including Japan’s current economic policy known as Abenomics. The first three chapters looks at evolutions at the corporate level, characterised in recent years by increasing firm heterogeneity. The authors apply theoretically driven analyses to the complex subject of corporate governance, human resource management and corporate reporting by discussing new developments in context of their economic opportunities as well as of their institutional contradictions with continuities in Japanese business practices. The second group of chapters deals with institutional changes and evolving economic reforms on the macro level of political economy. The two chapters focus on the financial system regulation and economic growth policies as two central elements of Japan’s political economy and key drivers in the evolution of its economy. Their analysis allows us to better understand the interplay between reforms and change in consumption credit and to reinterpret Abenomics as a manifestation of ongoing contradictions within the Japanese political economy. The chapters were originally published in a special issue in Japan Forum.

Macroeconomic Effects of Japan’s Demographics: Can Structural Reforms Reverse Them?

2018-11-28 Business & Economics
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Release : 2018-11-28
Genre : Business & Economics
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Book Rating : 733/5 ( reviews)

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Book Synopsis Macroeconomic Effects of Japan’s Demographics: Can Structural Reforms Reverse Them? by : Mariana Colacelli

Download or read book Macroeconomic Effects of Japan’s Demographics: Can Structural Reforms Reverse Them? written by Mariana Colacelli. This book was released on 2018-11-28. Available in PDF, EPUB and Kindle. Book excerpt: Yes, partly. This paper studies the potential role of structural reforms in improving Japan’s outlook using the IMF’s Global Integrated Monetary and Fiscal Model (GIMF) with newly-added demographic features. Implementation of a not-fully-believed path of structural reforms can significantly offset the adverse effect of Japan’s demographic headwinds — a declining and ageing population — on real GDP (by about 15 percent in the next 40 years), but would not boost inflation or contribute substantially to stabilizing public debt. Alternatively, implementation of a fully-credible structural reform program can contribute significantly to stabilizing public debt because of the resulting increase in inflation towards the Bank of Japan’s target, while achieving the same positive long-run effects on real GDP. If no reforms are implemented, severe demographic headwinds are expected to reduce Japan’s real GDP by over 25 percent in the next 40 years.

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