全球智库信息集成服务系统(G2TT): Can IT be Japan's Savior?

G2TT

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.