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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w11749 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w11749 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569399 |
推荐引用方式 GB/T 7714 | Fumio Hayashi,Koji Nomura. Can IT be Japan's Savior?. 2005. |
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w11749.pdf(689KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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