NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Kazuyuki Motohashi

Associate Professor
Research Ctr for Advanced Science & Technology
University of Tokyo
4-6-1 Komaba Meguro-ku Tokyo Japan
Tel: +81-3-5452-5338
Fax: +81-3-5452-5343

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NBER Working Papers and Publications

November 2005Information Technology and the Japanese Economy
with Dale W. Jorgenson: w11801
In this paper we compare sources of economic growth in Japan and the United States from 1975 through 2003, focusing on the role of information technology (IT). We have adjusted Japanese data to conform to U.S. definitions in order to provide a rigorous comparison between the two economies. The adjusted data show that the share of the Japanese gross domestic product devoted to investment in computers, telecommunications equipment, and software rose sharply after 1995. The contribution of total factor productivity growth from the IT sector in Japan also increased, while the contributions of labor input and productivity growth from the Non-IT sector lagged far behind the United States. Our projection of potential economic growth in Japan from for the next decade is substantially below that in...

Published:

December 2004Information Technology and the Japanese Economy
with Dale Jorgenson
in Enhancing Productivity (NBER-CEPR-TCER-Keio conference), Dale Jorgenson, Takeo Hoshi, and Masahiro Kuroda, organizers
 
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