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来源类型Working Paper
规范类型报告
DOI10.3386/w11749
来源IDWorking Paper 11749
Can IT be Japan's Savior?
Fumio Hayashi; Koji Nomura
发表日期2005-11-07
出版年2005
语种英语
摘要This paper constructs a multi-sector model to take explicit account of the very sharp change in the relative price between non-IT and IT goods. The model is calibrated to the Japanese economy, and its solution path from 1990 on is compared to Japan's macroeconomic performance in the 1990s. Compared to the one-sector analysis of Japan in the 1990s in Hayashi and Prescott (2002), our model does slightly better or just as well in accounting for Japan's output slump and does worse in accounting for the capital-output ratio. We also show that, to revive a 2% long-term growth in percapita GDP, Japan needs to direct 10% of private total hours to the IT sector.
主题Macroeconomics ; Consumption and Investment ; Development and Growth ; Growth and Productivity ; Country Studies
URLhttps://www.nber.org/papers/w11749
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/569399
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Fumio Hayashi,Koji Nomura. Can IT be Japan's Savior?. 2005.
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