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Identifier to cite or link to this item: https://hdl.handle.net/10086/13511

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Title
Plant Turnover and TFP Dynamics in Japanese Manufacturing
Creator
Creator Name
Fukao, Kyoji Fukao, Kyoji
深尾, 京司 深尾, 京司
フカオ, キョウジ フカオ, キョウジ
Affiliation
Affiliation Name
RIETI
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
Kim, YoungGak Kim, YoungGak
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
Kwon, Hyeog Ug Kwon, Hyeog Ug
Affiliation
Affiliation Name
Nihon University
Editor
Contributor Name
Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University
JEL
O4
O53
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.
Description
38899
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2007-02
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
CEI Working Paper Series ; No. 2006-17
NCID
AA11590659
Number of Pages
51
Appears in Collections
CEI Working Paper Series
URL
https://hdl.handle.net/10086/13511