How sectoral technical progress and factor substitution shaped Japan's structural transformation?

Autor/in	Manu, Ana-Simona
Institution	Europäische Zentralbank
Titel	How sectoral technical progress and factor substitution shaped Japan's structural transformation? Gefälligkeitsübersetzung: Wie haben sektoraler technischer Fortschritt und Faktorsubstitution den Strukturwandel Japans geprägt?
Quelle	Frankfurt, Main (2022), 29 S. PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2) Link als defekt meldenVerfügbarkeit
Reihe	Working paper series / European Central Bank. 2641
Sprache	englisch
Dokumenttyp	online; Monographie
Schlagwörter	Substitution; Technologische Entwicklung; Lohnpolitik; Produktionsfaktor; Produzierendes Gewerbe; Wirtschaft; Arbeitskräftebedarf; Qualifikation; Dienstleistungsbereich; Auswirkung; Sektorale Verteilung; Wandel; Japan
Abstract	"The paper quantitatively assesses the importance of supply-side drivers in the transition of the Japanese economy from low-skilled to high-skilled sectors and its implication for growth, labor demand and labor income shares. A sectoral supply-side system, estimated over the 1980-2012 period, reveals different rates of technical progress across production factors and sectors, but also heterogeneity in the sectoral elasticity of substitution between capital and labor. The fact that capital and labor are easily substitutable in low-skilled services but not in high-skilled services, coupled with the dominant role of capital-augmenting technical change in services is a key factor behind the relocation of labor towards high-skilled services, as well as behind the declining trend in the labor income share in low-skilled services." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2022/3