Discussion Paper

		ENGLISH

		HOME

		プロジェクト概要


	組織図概念図スタッフ

		研究成果


	ディスカッションペーパーデータベース

		お知らせ


	公募情報研究会日程過去の研究会と報告資料レクチャーシリーズ過去のレクチャーと報告資料ニュースレター

		リンク


	一橋大学一橋大学附属図書館一橋大学経済研究所社会科学統計情報研究センターアジア長期経済統計プロジェクト Global Economic History Network 政府統計ミクロデータの試行的提供 ICPSR データアーカイブ AMU and AMU Deviation indicators

Plant Turnover and TFP Dynamics in Japanese Manufacturing

Kyoji Fukao, Young Gak Kim and Hyeog Ug Kwon

August, 2006

Previous paper

Next paper

Abstract

This study analyzes the cause of the slowdown in Japan's TFP growth during the 1990s. Many preceding studies, examining the issue at the macro- or industry-level, have found that the slowdown was primarily due to the stagnation in TFP growth in the manufacturing sector. Using establishment level panel data covering the entire sector, we investigate the causes of the TFP slowdown and find that the reallocation of resources from less efficient to more efficient firms was very slow and limited. This "low metabolism" seems to be an important reason for the slowdown in Japan's TFP growth.

Download (751KB)