By Hisakazu Kato
Analyzing the relation among inhabitants elements and technological growth is the most function of this booklet. With its declining inhabitants, Japan faces the straightforward yet tricky challenge of even if sustained financial progress might be maintained. even supposing there are lots of reviews to enquire destiny financial progress from the viewpoint of work strength transition and the lowering saving fee, technological growth is crucial issue to be thought of sooner or later direction of the japanese economic climate. Technological growth is the results of options or advancements within the caliber of human and actual capital. the rise in technological development, that is measured as overall issue productiveness (TFP), is learned either through advancements in productiveness within the brief time period and by way of monetary advancements within the long-term. the writer investigates the connection of inhabitants components 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 From the outdated Malthusian version to the trendy endogenous financial progress versions, a number of theories are constructed within the context of development conception. during this publication, those discussions are summarized in short, with an research of the quantitative relation among inhabitants and technological development utilizing country-based panel facts in contemporary periods.
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Extra info for An Empirical Analysis of Population and Technological Progress
However, this database is unbalanced, as it lacks data from some nations. MFP is deﬁned as the difference between the rate of change of output (Q) and the rate of change of input (X), as shown in Eq. 5). ln MFPt MFPtÀ1 Qt Xt ¼ ln À ln QtÀ1 XtÀ1 ð3:5Þ Output (Q) is measured as GDP at constant prices for the entire economy from the OECD Annual National Accounts, and input (X) is composed of labor force and seven kinds of capital stock, weighted by cost share. The difference with ordinary TFP is that MFP adopts the multikinds of capital stock.
Hence, we have the following: L ¼ L A þ LY : ð3:1Þ Next, pursuant to this hypothesis, the ratio of workers engaged in technological development to total workers is constant, and its ratio represents cA , and then cA ¼ LA =L; and it determines the number of workers who are in general production as LY ¼ ð1 À cA ÞL: We have the simple production function that Y ¼ ALY ; where Y is income and A means productivity. The income per capita is described as follows: y ¼ Að1 À cA Þ: ð3:2Þ _ With regard to technological progress, we assume its rate, A=A, as follows.
Cases (C-3) and (C-4) excluded the ﬁnancial crisis dummy from the model in cases (C-1) and (C-2). 747, respectively. Both parameters were positive and statistically signiﬁcant, and this empirical result is consistent with the above discussion about the relationship between population and technological progress. 405, both positive and signiﬁcant. Next, in cases (D-1) to (D-6), the variable of growth rate of the population was added as an explanatory factor. 371 in case (D-2). Both were positively signiﬁcant and consistent with the hypothesis.
An Empirical Analysis of Population and Technological Progress by Hisakazu Kato