This PDF is a selection from an out-of-print volume from the National Bureauof Economic Research
Volume Title: Productivity Growth in Japan and the United States
Volume Author/Editor: Charles R. Hulten, editor
Volume Publisher: University of Chicago Press
Volume ISBN: 0-226-36059-8
Volume URL: http://www.nber.org/books/hult91-1
Conference Date: August 26-28, 1985
Publication Date: January 1991
Chapter Title: List of contributors, Indexes
Chapter Author: Charles R. Hulten
Chapter URL: http://www.nber.org/chapters/c8456
Chapter pages in book: (p. 437 - 448)
Contributors
Emst R.Bemdt Sloan School of Management Massachusetts Institute of Technology 50 Memorial Drive Cambridge, MA 02139
Mary Jean Bowman Department of Economics University of Chicago 1126 East 59th Street Chicago, IL 60637
Masako Darrough Business School Columbia University International Affairs Building New York, NY 10027
Edwin Dean Bureau of Labor Statistics U.S. Department of Labor 441 G Street, NW Washington, DC 20212
W. Erwin Diewert Department of Economics University of British Columbia Vancouver, British Columbia V6T 1W5 Canada
Romesh Diwan Department of Economics Rensselaer Polytechnic Institute Troy, NY 12180
Melvyn Fuss Department of Economics University of Toronto 150 St. George Street Toronto, Ontario M5S 1Al Canada
Zvi Griliches National Bureau of Economic Research 1050 Massachusetts Avenue Cambridge, MA 02138
Fumio Hayashi Department of Economics The University of Pennsylvania 3718 Locust Walk Philadelphia, PA 19104
Charles R. Hulten Department of Economics University of Maryland College Park, MD 20742
Hajime Imamura Department of Economics Toyo University 28-20, 5 Chome, Hakusan
Japan
Dale W. Jorgenson Department of Economics Harvard University Littauer Center 122 Cambridge, MA 02138
Bunkyo-kU, Tokyo 112,
437
438 Contributors
Tatsuya Kikutani Faculty of Business Administration Kyoto Sangyo University Motoyama, Kamigamo, Kita-ku Kyoto 606, Japan
Masahiro Kuroda Faculty of Business and Commerce Keio University 15-45, Mita 2-chome Minato-ku, Tokyo 108 Japan
Alice C. Lam Suntory Toyota International Center London School of Economics and Politi-
London WC24 2AE, United Kingdom cal Science
Jacques Mairesse Institut National de la Statistique et des
18, Boulevard Adolphe-Pinard 75675 Paris Cedex 14 France
Etudes Economiques
Edwin Mansfield Department of Economics Wharton School University of Pennsylvania Philadelphia, PA 19104
Shunseke Mori Department of Economics Science University of Tokyo Tokyo, Japan
Catherine Morrison Department of Economics Tufts University Medford, MA 02155
M. Ishaq Nadiri National Bureau of Economic Research 269 Mercer Street, 8th Aoor New York. NY 10003
Arthur Neef Bureau of Labor Statistics U.S. Department of Labor 441 G Street, NW Washington, DC 20212
J. R. Norsworthy Department of Economics Rensselaer Polytechnic Institute Troy, NY 12 180
Walter Y. Oi Department of Economics University of Rochester Rochester, NY 14627
Ingmar R. Prucha Department of Economics University of Maryland College Park, MD 20742
Hikam Sakuramoto Faculty of Business and Commerce Keio University 15-45, Mita 2-chome Minato-ku, Tokyo 108 Japan
Takamitsu Sawa Kyoto Institute of Economic Research Kyoto University
Kyoto 606, Japan Sakyo-kU
Robert M. Schwab Department of Economics University of Maryland College Park, MD 20742
Toshiaki Tachibanaki Kyoto Institute of Economic Research Kyoto University
Kyoto 606, Japan Sakyo-ku
Hong W. Tan The Rand Corporation 1700 Main Street P.O. Box 2138 Santa Monica, CA 90406
Leonard Waverman Department of Economics University of Toronto 150 St. George Street Toronto, Ontario MSS 1Al Canada
439 Contributors
David 0. Wood Center for Energy Policy Research Massachusetts Institute of Technology One Amherst Street (E40-437) Cambridge, MA 02139
Craig A. Zabala School of Management Rensselaer Polytechnic Institute Troy, NY 12180
Kanji Yoshioka Keio Economic Observatory Keio University 15-45, Mita 2-chome Minato-ku, Tokyo 108 Japan
Author Index
Abel, A. B., 142 Abraham, Katherine, 387,401 Abramovitz, Moses, 197n8 Altonji, Joseph, 387,401 Aoki, M., 280 Atoda, N., 305
Bank of Japan, 213 Barnow, Bart, 402 Bartel, Ann, 388 Baumol, William, 24n7, 107nl Becker, Gary S., 387-88 Bemdt, Emst R., 24n9,90, 115, 142, 145,
152, 1651110, 167, 174, 197~10,11, 262n35, 375n1
Binswanger, H. P., 82nn2,3,4,431n4 Blackman, Sue Anne B., 24n7 Blades, Derek, 230,252, 254 Bound, J., 337n8, 338n12 Bruno, M., 334
Cain, Glen, 402 Caves, D. W., 54n2 Chapman, Bruce, 393 Chinloy, Peter, 19, 373 Christensen, Lawits R., 6, 54nn2,6,7,
Chung, William K., 239, 252,350 Cole, Robert E., 401 Conrad, K., 54n3,99, 165nl Council of Economic Advisers, 337nl Cummings, Dianne, 6,54n2, 239 Cumins, C., 337n8 Cuneo, P., 318, 330, 338n20
82nn1,2,239, 375111
Dean, Edward, 252, 262n35 Delaney, J. T., 431112 Denison, Edward, 8,23111, 173, 196n3,
Denny, M., 54n2, 87, 104, 115, 123,212 Diewert, W. E., 4,54nn2,7, 167, 169-70,
Dixit, A., 226n1 Dollar, David, 6,9-10, 24118
197n9,239,252, 350
197n6, 201-2,206, 210-11,226n2, 353
Egaizu, N., 350, 371 Englander, A. Steven, 6 Enos, John L., 388 Epstein, L., 132n13, 170
Farber, Henry, 387,401 Faucett, Jack G., 247 Flath, D., 277 Fraumeni, B. M., 54n5,82n2,219-20,
Fuji, Yoshifumi, 164 Fullerton, Don, 16,237, 258n10, 268-69,
Fuss, Melvyn A., 24n9, 54n2, 82n8, 87,91,
338n17,387,392,402
280, 286
100-101, 104, 107nn1,6,7, 115, 123, 142,212
Goldberger, A., 402 Gollop, F. M., 54115, 338n17, 387, 392,402,
Goto, A. 339n29 Griliches, Zvi, 23111, 100, 132nl1, 197n9,
405n10,420,430
318, 330, 337nn6,8, 338nn14,16,18-20, 339n28. 346-47
441
442 Author Index
Grossman, E. S., 109 Gullickson, William, 258119
Hall, B. H., 337118, 339n28, 347 Hall, Robert E., 15,297, 304, 315n4, 386 Hanami, T., 412, 417 Harper, Michael .I., 258119 Hashimoto, Masanori, 386-88, 395, 405114 Hata, K., 305 Hayashi, Fumio, 275-76, 302-3, 305, 347 Heston, A., 30, 33 Higuchi, Yoshio, 401 Hollander, Samuel, 388 Homma, M., 305 Hulten, Charles R. , 5, 23nn1,4, 196, 197115,
231, 239,261n25, 315117, 375111
Ichioka, O., 290 Iwata, H., 337n2
Jaffe, A,, 337118, 347 Jang, S. L., 431nl Japan, Economic Planning Agency, 129-30,
238-39,245, 247-48, 258nn12,17, 260n19,261n22, 305
Japan, General Management Agency, 306 Japan, Management and Coordination
Japan, Ministry of Finance, 261n21 Japan, Statistics Bureau, 130 Jorgenson, Dale W., 5-6.9, 15, 23n1, 31,
41-43, 50-51, 54nn2-3,5-7, 59-60, 63.70, 82nnl-2,5-8, 99, 165111, 197n9, 221, 231, 239,252, 258nn10,11, 262n37, 297, 304, 315114, 3381117, 339n23, 386-87,392,402,40SnlO, 420,430
Agency, 262n39
Jovanovic, Boyan, 393
Kendrick, John, 23n1, 196n1, 252 King, Mervyn, 16, 237, 2581110, 268-69,
280, 286 Kohli, U. J. R., 202 Koji, T., 419 Kosai, Y., 282 Kravis, Irving, 30, 33 Kuratani, Masatoshi, 387 Kuroda, Masahiro, 9, 31,41-43, 50-51,
54n4,59-60,63,70, 82n2, 99, 165111, 231,239, 252, 2581111, 262n37, 3381117, 339n23, 386-87, 392
Lach, S., 347 Laderman, E., 337n8
Laffont, J.-J., 63 Lam, Alice C., 414,416-17 Lau, Lawrence, 54nn6,7, 82nn1,2,7, 114,
Lazear, Edward, 387, 399,405118 Levine, S. B., 419 Levy, David, 344 Lichtenberg, Frank, 338nn16,19-20, 347,
388,432 Lillard, Lee, 400
139
MacDuffie, J. P., 418 McFadden, D. 82118, 107nl McRae, Robert, 174 Madan, D. B., 132nn13,14, 170 Maddison, Angus, 23nl Mairesse, Jacques, 100, 246, 2581110, 318,
Malmquist, D. H., 56, 102, 112, 120, 330, 338nn14.20, 346-47
131n1, 136, 145, 160, 165nn1,8-9,11, 171111, 231, 239,412,420,428
Mansfield, Edwin, 342, 344, 345nnl-6,9,11 Mark, Jerome A,, 258114 May, J. D., 87 Mellow, Wesley, 387 Mincer, Jacob, 393,401 Mittelstadt, Axel, 6 Mohnen, P. A,, 118, 131n7, 132n14, 171n1,
Mori,Shunseke, 174, 197n10 Mork, Knut A,, 139 Morrison, Catherine J., 115, 137-38, 142,
337n2
152, 157, 165nn3-6,9-11, 201-2, 210- 11, 226n2
Mundlak, Y., 82118 Mundy, J., 337118
Nadiri, M. Ishaq, 23n1, 118-19, 123, 131, 131nn4,5,7, 132nn13.14, 165n10, 171n1, 337n2
National Science Foundation, 129, 324 Neef, Arthur, 252,262n35 Nishimizu, Mieko, 5-6,9, 31,41-43, 50-
51, 54n3,59-60, 63.70, 82nn5,6,99, 165111,230-31, 235, 238-39.252, 258nll,261n31, 262n37, 338n17, 339n23, 386,420
Noguchi, Y., 275, 282 Norman, V., 226n1 Norsworthy, John R., 56, 101-2, 112, 120,
131111, 136, 145, 160, 165nn1.8-9.11, 171n1, 231, 239,411-12,420,428, 43InnI,5,432n6
443 Author Index
Odagiri, H., 337n2 Ogura, M., 282 Oi, Walter, 387 Okimoto, Daniel, 34517 Organization for Economic Cooperation and
Development (OECD), 130, 323, 338111 1
Pakes, A., 347 Parsons, Donald, 399 Patrick, Hugh, 23111 Peck, M. J., 337115 Powers, Susan, 2621138 Prucha, I. R., 118-19, 123, 131,
131nn4,5,7, 132nn13.14, 1651110, 170, 171n1, 337n2
Raisian, John, 386-87, 395 Ratcliffe, Charles T., 259n13, 2601119 Robertson, James W., 196 Robinson, S., 54113 Romeo, Anthony, 344 Rosovsky, Henry, 23nl
Sachs, J., 334 Salop, Joanne, 387, 399,405118 Salop, Steven, 387, 399,40518 Samuelson, Paul A,, 82111 Sato, Ryuzo, 135-37, 160, 165111 Savin, N., 90 Sawa, Takamitsu, 145, 174, 197n10 Saxonhouse, Gary, 390 Schankerman, M., 119, 3381120, 347 Scherer, F. M., 344 Schultz, Theodore W., 388 Setzer, Francis, 388 Shakotko, Robert, 387,401 Shimada, H., 370, 387,413,417-19 Shoven, John, 16, 267-68, 270, 275-77,
Siu, A., 347 Sockell, D., 431x12 Solow, Robert M., 4, 18,23111 Sullivan, Martin A., 2581110 Summers, Lawrence, 30, 33
283, 287-88, 290
Suzawa, Gilbert S., 135-37, 160, 165111 Suzuki, K., 339n29 Switzer, Lome, 344
Tachibanaki, Toshiaki, 16, 267-68, 270,
Taira, Koji, 389 Tajika, E., 275-76 Tan, Hong W., 387, 390-91, 393,400,402,
Terleckyj , Nestor, 344 Thomas, James, 252, 2621135
275-77,283,287-88, 290, 350
40411 1
Uchida, Mitsuho, 164 U.S. Department of Commerce, Bureau of
Economic Analysis, 129, 219, 221 U.S. Department of Labor, 219,221, 235 U.S. Department of Labor, Bureau of Labor
Uno, Kimio, 239 Statistics, 257nn3,4
Varian, Hal, 107111 Viner, Jacob, 107n6
Wada, Y., 276 Waldorf, William H., 258114 Ward, Michael, 230,254 Watanabe, T., 350, 371 Waverman, L., 91, 100-101, 107nn1,6,7,
Welch, Finis, 387-88 Wolff, Edward N., 6, 9-10, 24nn7,8 Wood, David O., 145, 167, 174, 197nn10,ll Woodland, A. D., 206,236111 Wykoff, Frank C., 196, 197115,2611125,
115, 123
3 15117
Yasuba, Yasukichi, 389-90 Yatchew, A., 1321113, 170 Yoshino, N., 282 Yoshioka, K., 82n2 Yui, Y., 275-76
Zabala, C. A,, 101,411-12,415,417,420, 422,428,431nn1,5,432n6
Subject Index
Annual Report on the Corporate Sector (ARCS) data series, 232-55
Capacity utilization (CU), 141-43; elasticities of, 161-62; indexes for, 150
Capital stock measurement, 229-31,254-55, 265-66. See also Double benchmark method; Perpetual inventory method
Catching up hypothesis, 21, 57 Census of Manufactures (CM) data series,
Cholesky factorization, 64, 75-76 CM. See Census of Manufactures data series Competitiveness, international: defined mea-
232-55
sure of, 29-30, 39-41; index as measure of Japanese/U.S., 33. See also Price, rel- ative; Purchasing power parity
Constant elasticity of substitution (CES), 181 Constant share elasticities (CSE), 61, 63-64 Cost efficiency (CE) growth, 87; decomposi-
tion of growth sources for, 87-90. See also Tomqvist index
Cost elasticities, 423 Cost function model, translog, 421-23; to
analyze cost and TFP growth rates, 86- 90, 92-100, 104-7; estimation results of, 90-92,423-29; minimum, 3; re- stricted form, 138-44, 167-68. See also Generalized Leontief cost function
Cost of capital, 300-304 CRTS. See Long-run constant returns to scale CU. See Capacity utilization Currency value fluctuations, 36-37
Data sources: capital stock measurement, 232; electrical machinery industry analy- sis, 128-30; fixed input analysis, 145; Japanese-U.S. labor market analysis, 386-87, 391-92; labor disputes analysis, 419-20; labor input analysis, 359; mea- surement of tax-adjusted Q, 304-5; mo- tor vehicle industry analysis, 100-103; productivity growth trends comparison, 324, 327; R&D expenditure comparison, 321, 323-24, 335; terms of trade and productivity, 213, 219, 221
Depreciation allowances, 297, 306 Double benchmark method, 230-31,254-55,
265-66
Economic growth, aggregate: analysis of, for individual industries, 4; analysis using competitive equilibrium approach, 3; analysis using decomposition techniques, 2-3; sources of, 3-8
and United States for, 50-51, 56-57; of Japan, 1,4-6, 21; pre- and post-oil- price-shock period, 110-13, 123; of United States, 21
ries, 232-55
Economic performance: estimates in Japan
Economic Planning Agency (EPA) data se-
Elasticities of substitution, 157-61, 167, 423 Elasticity. See Capacity utilization; Constant
share elasticities; Cost elasticities; Out- put elasticities, Price elasticities, Scale
444
445 Subject Index
elasticity; Shadow value elasticities; Share elasticities
Energy crisis. See Oil price shock, Price, en- ergy
Enterprise tax, 297-300 EPA. See Economic Planning Agency data
series
Factor demand model, 110, 113-15; esti- mates using, 115-19; system of equa- tions for, 126-28
Generalized Leontief (GL) cost function: al- ternative extensions of, 168-71; re- stricted, 138-44, 167-68
Growth accounting, 55-56
Horndal effect, 388
Index-number approach, 2 1 Industry classification, 41-42, 51-52, 60 Inflation, 36-37 Innovation process, 341-42 Investment: comparison of Japan and United
States, 175-79; response to oil price shocks of, 175-79; tax credit for, 297
Investment datz, Japan, 238-44
Labor input measurement model, 351-59 Labor market, Japan: research in dualism
practices in, 389-91; sectoral perform- ance of, 360
430; dispute-resolution mechanisms, Labor relations: developments in Japan for,
412-19 Long-run constant returns to scale (CRTS),
138-43
Multifactor productivity (MFP) growth model: if alternative method to estimate capital stocks is used, 233-36; to esti- mate capital stocks, 232-33, 265; related to oil price shock, 179-87
National wealth surveys (NWS), Japan, 238,
NEEDS data base (Nihon Keizai Shimbun), 244-45, 249-50, 305
321-24, 335-37
Oil price shock, 1,46-47,50, 57, 135-37,
Output elasticities, electrical machinery in- 150, 173-74
Perpetual inventory method, 229-30, 254-55 Price, relative: comparisons of Japan and
United States, 33-39; growth rate of in- put, 40-41; purchasing power parities as reflection of, 30
Pnce elasticities, electrical machinery indus-
Price indices, 32 Prices, energy, 175-79; comparison of Japan
and United States, 175-79; effect of changes in, 179-87; growth rates of, 40-41; purchasing power parity for in- puts, 36
Producer behavior: biases of technical change, 61; model of, 59-63; share elas- ticity with respect to quantity, 61
Production process: analysis of, 22; flexibility of, 157-63; models of, 31-32, 51-53, 56-57, 59-70; translog cost model to represent, 421-23
ward, 201; general equilibrium approach to illustrate, 202-4
try, 118-19
Production shift: factors contributing to out-
Production theory approach, 204-5 Productivity analysis: effect of worker atti-
tudes on, 41 1-12; methodological ad- vances for, 21-22. See also Total factor productivity
Productivity growth, 50-51, 175-79; electri- cal machinery industry, 120-24; indexes of, 59; related to oil price shocks, 175- 79
Productivity indexes, United States, 222-23 Productivity levels: measurement of relative,
31.41-51; trend of differences in, 43,46 Purchasing power parity: estimates of, 30-31,
33-34; inputloutput, 34-36; to summa- rize relative prices, 30; between yen and dollar, 32
Q theory of investment, 295. See also Tax- adjusted Q
RCIS. See Report on the Corporate Industry Investment Survey data series
R&D expenditures, industrial: degree of gov- ernment financing, Japan and United States, 321, 344; differences in innova- tion process of, 341-42; disaggregation for, 341; in electrical machinery indus- try, 112; for Japan and United States,
dustry, 118-19 318-21
446 Subject Index
Report on the Corporate Industry Investment Survey (RCIS) data series, 232-55
Sales function analysis, 205-8 Scale elasticity, 117, 119-20, 124-25 Shadow-value elasticities, 161-62 Share elasticities, 64, 66 Substitutibility, 157-64
Tax-adjusted Q, 295-96; measurement of, 304-1 I ; relation to investment-capital ra- tio of, 300-312
Tax-free reserves, 296-300 Tax rates, effective: on capital income, Japan
and United States, 288-89; defined, 236-38; estimation for capital income of marginal, 268, 292; estimations of, 278- 80
Tax system, Japan: corporate tax rate and en- terprise tax, 270-72; Corporation Tax Law, 295-97; depreciation measures of, 272-75; evaluation of tax policy for, 280-89; for investment tax credit, 297; simulation of policy issues, 290-92; Special Taxation Measures Law, 296-97; tax-free reserves of, 275-76, 296-300. See also Depreciation allowances; Enter- prise tax; Investment; Tax-free reserves
Tax wedge, 236-37 Technological change: bias in producer be-
havior of, 61-63; contribution to total factor productivity growth of, 124; in electrical machinery industry, 114-26;
estimates using model of production for, 63-70; Japan’s rate of, 9, 342-44; rela- tion to investment in human capital of, 387-91,403-4
Technology differences, Japan and the United States, 61-70, 73
Technology-specific skills: model of, 388-89, 403; testing hypothesis using wage model, 393-94
TFP. See Total factor productivity Tornqvist index, 87, 104-7, 123 Total factor productivity (TFP): decompsi-
tion of growth, 87-90, 123-24, 130-31; defined, 4; to explain trade patterns, 5; in Japan and United States, 6; measure- ment of growth of, 87; using cost func- tion analysis, 92-100. See also Cost effi- ciency growth
tions Trade unions, 416-19. See also Labor rela-
Translog cost function, 104-7
u (measures of discard and depreciation), 230, 234-38; assessment of data for, 248-54
Value shares, in producer behavior, 61-63 See also Constant share elasticities
Wage model, 393-403 Worker attitudes and economic growth, 413-
35