Total factor productivity and the convergence of disparities in Japanese regions

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• 作者：Akihiro Otsuka ; Mika Goto
• 刊名：The Annals of Regional Science
• 出版年：2016
• 出版时间：March 2016
• 年：2016
• 卷：56
• 期：2
• 页码：419-432
• 全文大小：533 KB
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• 作者单位：Akihiro Otsuka (1)
  Mika Goto (2)
  
  1. Socio-economic Research Center, Central Research Institute of Electric Power Industry, 1-6-1 Otemachi, Chiyoda-ku, Tokyo, 100-8126, Japan
  2. Graduate School of Decision Science and Technology, Tokyo Institute of Technology, W9-41, 2-12-1, Ookayama, Meguro-ku, Tokyo, 152-8552, Japan
  
• 刊物类别：Business and Economics
• 刊物主题：Economics
  Regional Science
  Landscape, Regional and Urban Planning
  Microeconomics
  Environmental Economics
  Geography
  
• 出版者：Springer Berlin / Heidelberg
• ISSN：1432-0592

文摘

Japan’s regional economies face global competition amidst the challenges of a declining and aging population. Given such economic conditions, Japan’s total factor productivity (TFP) requires boosting to achieve competitiveness in regional economies. Although labor productivity is a popular measure for the analysis of productivity and has been a focus of prior studies, TFP’s comprehensiveness is a preferable measure. This study measures TFP using regional data from Japan and tests if the convergence of regional TFP disparities can be detected since 1980. The results show that TFP has continually increased and converged to reduce regional disparities over the study period. We perform statistical analysis of the regional convergence in TFP using a stochastic convergence model and find that TFP converged at each region’s stationary level, not at the nationwide unique level. These results provide policy implications for Japan’s regional economies.