Growth Regimes in Japan and the United States in the 1990s
Based on Kaldor’s concept of ‘cumulative causation’, the causes of the economic stagnation in Japan and the high economic growth in the United States in the 1990s are clarified. For this purpose, we formalize mathematically and descriptively two-way routes between labour productivity growth and dema...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/2152 |