Japan's Productivity Stagnation: Using Dynamic Hsieh-klenow Decomposition
Japan's Productivity Stagnation: Using Dynamic Hsieh-klenow Decomposition
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日本的生产力停滞：利用动态 Hsieh-klenow 分解
DOI：
10.1111/coep.12547
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发表时间：
2021
影响因子：
1.5
通讯作者：
Kaoru Hosono and Miho Takizawa
中科院分区：
文献类型：
--
作者：
矢口祐人;森本あんり;久保文明;土屋和代;板津木綿子;林香里;吉原真理;清水さゆり;児矢野マリ;Kaoru Hosono and Miho Takizawa
本研究将Hsieh and Klenow（2009）的框架扩展到生产率增长、进入和退出、产品种类变化等方面，从新的角度对日本的总生产率停滞进行了分析。我们分别用总生产可能性前沿和距前沿的距离来度量技术效率和配置效率。我们将我们的方法应用于日本的企业和公司层面的数据集，发现幸存者的AE在银行危机期间下降，而TE在全球金融危机期间下降。
This study provides a new perspective on Japan's stagnant aggregate productivity by extending the Hsieh and Klenow (2009) framework to account for productivity growth, entry and exit, and product variety change. We measure the technical efficiency (TE) and allocative efficiency (AE) by the aggregate production possibility frontier and the distance from the frontier, respectively. We apply our approach to establishment‐ and firm‐level data sets from Japan and find that the AE among survivors declined during the banking crisis period, while the TE declined during the global financial crisis period.