Measuring the Contributions of Natural Resources to the National Outputs of the United States and Japan
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Date
1960-06
Authors
Okabayashi, Toyoki
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon
Abstract
The attempt of this study is to appraise the importance of some factors which explain the difference in productivity of the Japanese and U.S. economics. The explanation is attempted in fairly narrow economic terms; this is, the historical and institutional patterns lying behind the economic situation are not discussed except incidentally. Rather we picture the output of Japan and of the United States as being the result of employment of different factors of production available. In particular we are interested in distinguishing the agricultural and non-agricultural contributions to differences in incomes, and in assessing for each sector, the importance of materials, labor, and capital equipment in causing differences in observable incomes. Naturally we have no finished this task, but some steps have been taken.
Description
206 pages
Keywords
production function appraoch, postwar japan, U.S. aids