Download An Empirical Analysis of Population and Technological by Hisakazu Kato PDF
By Hisakazu Kato
Analyzing the relation among inhabitants elements and technological growth is the most goal of this ebook. With its declining inhabitants, Japan faces the easy yet tough challenge of even if sustained fiscal development might be maintained. even supposing there are lots of experiences to enquire destiny monetary development from the viewpoint of work strength transition and the lowering saving expense, technological growth is crucial issue to be thought of sooner or later course of the japanese financial system. Technological growth is the results of techniques or advancements within the caliber of human and actual capital. the rise in technological growth, that's measured as overall issue productiveness (TFP), is discovered either by way of advancements in productiveness within the brief time period and via fiscal advancements within the long-term. the writer investigates the connection of inhabitants elements and productiveness, targeting productiveness development within the brief time period. Many discussions have lengthy been held concerning the relation among inhabitants and technological growth. From the previous Malthusian version to the trendy endogenous financial progress versions, quite a few theories are built within the context of progress thought. during this ebook, those discussions are summarized in brief, with an research of the quantitative relation among inhabitants and technological growth utilizing country-based panel information in contemporary periods.
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Additional resources for An Empirical Analysis of Population and Technological Progress
5 From the ﬁgure, we can see the importance of MFP and capital to the GDP growth rate in almost all of the countries; however, labor input was important for only a few countries from 1985 to 2010. For example, Japan, Finland, and Germany experienced negative GDP contributions from labor inputs. 10 %. The contribution 4 Although, in the original OECD (2013) publication, the contribution of capital to GDP is broken down into Information and Communication Technologies (ICT) capital and non-ICT capital, we combined the two kinds of capital for convenience.
The OECD (2008) said “MFP growth comes from more efﬁcient use of labor and capital inputs, for example through improvements in the management of production processes, organizational change or more generally, innovation” (OECD 2008, p. 24). In addition, resource constraints of MFP data hamper efforts to precisely measure labor and capital input and this in turn affects MFP. 2 It should be noted that some ﬁscal years are missing from the data, and some new countries became OECD members during the period covered by the data; for these reasons, the data do not represent a balanced panel data set for all 20 countries.
2008). Compendium of productivity indicators 2008. OECD. (2013). OECD Factbook 2013. Schreyer, P. (2003). Capital stocks, capital services and multi-factor productivity measures. OECD Economic Studies 37. , & Hajkova, D. (2007). Measuring multifactor productivity growth. OECD Science, Technology and Industry Working Papers, 2007/05. World Bank. (2015). World Bank Open Data. 30). Chapter 3 Theoretical and Empirical Analysis of Population and Technological Progress Abstract This chapter conﬁrms the relationship between population growth and technological progress using theoretical and empirical studies.