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Learning by Doing and Openness in Japanese Growth : A New Approach
Oleh:
Sengupta, Jati K.
;
Okamura, Kumiko
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
JAPAN AND THE WORLD ECONOMY vol. 8 no. 1 (1996)
,
page 43-64.
Topik:
GROWTH
;
learning by doing
;
openness
;
growth
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ47.6
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The impact of learning by doing and openness in trade on the pattern of input and output growth in Japan (1965 – 1990) are analyzed here in terms of a two - step model. The first step specifies the optimal steady state demand for inputs, whereas the second step specifies a path of convergence to the steady state. The estimated econometric results of the two - step model provide valuable insights into the contributions of different types of labor and the export eternality factor. There is strong empirical evidence that the Japanese producer places more emphasis on the forward looking long-run goals than the short - run goal of stability and the past trends.
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