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- W3201911614 abstract "This chapter measures the total factor productivity (TFP) in Japan’s regions and clarifies whether a convergence of TFP disparities has been observed since 1980. Japan’s regional economies face global competition amid the challenges of a declining and aging population. Given these economic conditions, the Japanese government has sought to boost TFP to enhance sustainability in regional economies. This chapter measures TFP using Japanese regional data. Most of Japan’s studies measure TFP at the national level; few studies attempt TFP analysis in a regional context. Therefore, this chapter contributes to TFP research in the context of regional economies. Furthermore, this chapter introduces a stochastic convergence model to verify the regional convergence. In Japan’s study, cross-sectional studies show regional convergence, while some time-series studies do not show convergence. Therefore, another objective of this chapter is to provide additional evidence to supplement the discussions of previous studies. The results of this chapter reveal that Japan’s TFP has not only continually increased over the study period but has also reduced regional disparities. Furthermore, the results show that TFP converged to each region’s steady-state level rather than the national level. These results suggest the significance of regional production environments and provide policy implications for regional economies." @default.
- W3201911614 created "2021-10-11" @default.
- W3201911614 creator A5049542428 @default.
- W3201911614 date "2021-01-01" @default.
- W3201911614 modified "2023-09-25" @default.
- W3201911614 title "Regional Productivity and Convergence" @default.
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- W3201911614 doi "https://doi.org/10.1007/978-981-16-3709-4_3" @default.
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