By Hisakazu Kato
Analyzing the relation among inhabitants elements and technological development is the most goal of this booklet. With its declining inhabitants, Japan faces the straightforward yet tough challenge of no matter if sustained financial development will be maintained. even if there are various stories to enquire destiny financial progress from the perspective of work strength transition and the reducing saving expense, technological development is crucial issue to be thought of sooner or later course of the japanese financial system. Technological growth is the results of concepts or advancements within the caliber of human and actual capital. the rise in technological development, that's measured as overall issue productiveness (TFP), is learned either by means of advancements in productiveness within the brief time period and by way of 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 development. From the outdated Malthusian version to the trendy endogenous financial development types, numerous theories are constructed within the context of progress concept. during this booklet, those discussions are summarized in short, with an research of the quantitative relation among inhabitants and technological growth utilizing country-based panel facts in contemporary periods.
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Additional info for An Empirical Analysis of Population and Technological Progress
4 Estimation Results 47 respectively; however, those are also insigniﬁcant, and the assumption was not accepted. 163, respectively, and were statistically signiﬁcant. From these values, we can conclude that aging has a negative effect on MFP. In regard to the determinant factors of MFP, there is the possibility that it is not sufﬁcient to control the model because important variables are lacking. 4 In case (C-1), this was estimated by pooling regression. 152, a positive value and statistically signiﬁcant.
Collard, F. (2003). Recent technological and economic change among industrialized countries: insights from population growth. Scandinavian Journal of Economics 105(3), 441–463. OECD. (2001). Measuring productivity OECD manual. OECD. (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.
1. 1, we presume that technological progress is independent of the labor force (and capital). Mainly, because TFP is deﬁned as the efﬁciency gain of production in total, technological progress should be interpreted as an exogenous shock. However, is there actually an independent relationship between labor (capital) input and TFP in the economy? The OECD (2001) said that “conceptually, capital-labor productivity is not, in general, an accurate measure of technical change…” and MFP “reflects the combined effects of disembodied technical change, economies of scale, efﬁciency change, variations in capacity utilization and measurement errors” (p.