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- W3123704775 abstract "Two key features of the postwar Japanese economy are the delay of catch up during the 50s followed by rapid economic growth during the 60s and early 70s and the consistent decline in labor supply during the rapid growth period. A standard neoclassical growth model can quantitatively account for the Japanese postwar growth patterns of capital, output, consumption and investment taking the destruction of capital stock during the war and postwar TFP growth as given. The decline in labor can be explained by strong income effects caused by subsistence consumption during the rapidly growing period." @default.
- W3123704775 created "2021-02-01" @default.
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- W3123704775 date "2007-01-01" @default.
- W3123704775 modified "2023-09-27" @default.
- W3123704775 title "A Neoclassical Analysis of the Postwar Japanese Economy" @default.
- W3123704775 hasPublicationYear "2007" @default.
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