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Has Japan's innovative capacity declined?

Lee Branstetter; Yoshiaki Nakamura

Title:
Has Japan's innovative capacity declined?
Author(s):
Branstetter, Lee
Nakamura, Yoshiaki
Date:
Type:
Working papers
Department:
Center on Japanese Economy and Business
Permanent URL:
Series:
Center on Japanese Economy and Business Working Papers
Part Number:
209
Publisher:
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Publisher Location:
New York
Abstract:
This paper examines Japan's R&D performance since the early 1980s using several complementary modes of analysis. First, we examine evidence from aggregate economic statistics concerning changes in Japanese corporate R&D. Second, we analyze comprehensive data on R&D inputs and outputs for a panel of nearly 200 Japanese firms. Microeconometric analysis of this data set allows us to examine where any downturn in R&D activity is concentrated, what Japanese firms are themselves doing to rectify the downturn in performance, and what effects these steps have had to date. Third, we relate the results of interviews with corporate R&D managers and informed industry observers concerning their perceptions of changes in Japanese innovative capacity and the reasons for these changes. We find evidence, at the micro level and the aggregate level, of a slowdown in the growth rate of Japanese research productivity in the 1990s.
Subject(s):
Economics, Commerce-Business
Item views:
129
Metadata:
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