Can Intangible Investments Ease Declining Rates of Return on Capital in Japan?
Japan's economic growth has slowed since the collapse of the bubble economy in the 1990s due to low capital accumulation. We focus on the low rate of return on capital, which led to this slow capital accumulation, finding that it was caused by an increase in the capital-output ratio and low cap...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Centre for the Study of Living Standards
2017-09-01
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| Series: | International Productivity Monitor |
| Subjects: | |
| Online Access: | http://www.csls.ca/ipm/33/Miyagawa_Takizawa_Tonogi.pdf |