Labor productivity growth in major advanced countries has been experiencing a slowdown
in recent years. This paper examines the background of recent low labor productivity growth …

Technology innovation improves efficiency, gives society new and enhanced goods and
services through economic reform, and raises their living conditions. This study examined …

Technology innovation improves efficiency, gives society new and enhanced goods and
services through economic reform, and raises their living conditions. This study examined …

This paper summarizes recent discussion on labor productivity which is the source of
medium-to long-term economic growth and observes the characteristics of recent …

In the aftermath of the recent global financial crisis, advanced economies have faced
sluggish recoveries or long-lasting economic slowdowns. This experience has challenged …

There is a widespread perception that the Japanese economy has been under-performing
due to chronic deflation. From this perspective, it is puzzling that consumption growth began …

We investigate the role of technology on the global secular stagnation of average labor
productivity (ALP). In the last decade, equipment-specific technological progress has been …

Emergence from the prolonged deflation in Japan is often attributed to an unconventional
monetary policy, known as QQE. This purported positive news is accompanied by negative …

This paper discusses the sustainability of China's rapid growth mainly based on the
estimation of the corporate-level total factor productivity of Chinese listed firms. Since the …

Productivity growth drives long-term economic growth and rising living standards in a
modern economy. Information and communications technology (ICT) has been a key driver …