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．
|出版者||Reseaech Center of Socionetwork Strategies|
|出版物ステータス||出版済み - 9 2004|
|名前||RCSS Discussion Paper Series|
|出版者||Research Center of Socionetwork Strategies|
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)
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). Reseaech Center of Socionetwork Strategies.