Aggregate Productivity Growth and the Contribution of Japan's ICT Assets: Isn't It Anther Puzzule?

Research output: Working paperDiscussion paper

Abstract

This study is intended to examine whether infermation and communications technology (ICT) has contributed to aggregate productivity growth in Japan over the last two decades. Growth accounting analysis yields two observations. First,  investment’ in lCT accelerated in Japan in the 1980s and slowed down in the 1990s. Second, the periodical changes of multifactor productivity growth and the contribution of lCT capital assets have always run in a parallel direction since the 1980s. Therefore, the “Solow paradox” has never been observed in Japan. Nevertheless, another puzzle emerges: why did Japan’s investment in lCT slow down in the 1990s in spite of its potential for productivity growth? A possible explanation might be that there have been some impediments in the Japanese economic system to reap the benefits of information and communications technology.
Original languageEnglish
Place of PublicationOsaka, JAPAN
PublisherReseaech Center of Socionetwork Strategies
Pages1-23
Number of pages23
VolumeNo. 20
ISBN (Print)1347-636X
Publication statusPublished - Sep 2004

Publication series

NameRCSS Discussion Paper Series
PublisherResearch Center of Socionetwork Strategies
ISSN (Print)1347-636X

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All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

Cite this

Shinozaki, A. (2004). Aggregate Productivity Growth and the Contribution of Japan's ICT Assets: Isn't It Anther Puzzule? (pp. 1-23). (RCSS Discussion Paper Series). Osaka, JAPAN: Reseaech Center of Socionetwork Strategies.