Going Soft: How the Rise of Software Based Innovation Led to the Decline of Japan's IT Industry and the Resurgence of Silicon Valley
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This research was supported by the Software Industry Center at Carnegie Mellon University and benefitted from the research assistance of Ms. Kanako Hotta of UCSD. We acknowledge with gratitude useful comments from Hiroyuki Chuma, Anthony D’Costa, Kyoji Fukao, Shane Greenstein, Susumu Hayashi, Takao Kato, Toshiaki Kurokawa, Mark Kryder, Koji Nomura, Jeffrey Smith, David Weinstein and participants in the 2009 Spring Meeting of the NBER Productivity Program, the 2009 NBER Japan Project Conference, and the September 2009 Meeting of the Japan Economic Seminar at Columbia University. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.