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- W3124163586 abstract "The growth process for a technological leader is different from that of a follower. While followers can grow through imitation and capital deepening, a leader must undertake original research. This suggests that as the gap between the leader and the follower narrows, the follower must undertake more formal R&D and possibly face a slower overall growth rate. This paper constructs measures of relative total factor productivity for eleven Japanese manufacturing industries and uses dynamic panel data methods to test whether a smaller productivity gap leads to slower growth, and whether R&D takes over as the engine of growth as Japan approaches the technological frontier. The results suggest that Japanese and US productivity have been growing at similar rates since the mid-1970s, and that some of the Japanese growth slowdown is attributable to the exhaustion of imitation possibilities." @default.
- W3124163586 created "2021-02-01" @default.
- W3124163586 creator A5012067139 @default.
- W3124163586 date "2000-12-01" @default.
- W3124163586 modified "2023-09-27" @default.
- W3124163586 title "The Sun Also Rises: Productivity Convergence Between Japan and the USA" @default.
- W3124163586 hasPublicationYear "2000" @default.
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