Phrase by 'Toshihiko Fukui'
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The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.
Author: Toshihiko Fukui - Japanese Public ServantUs , Growth , Economic , Economic Growth
As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.
Author: Toshihiko Fukui - Japanese Public ServantNew , Research , Development , Growth
Thus, the questions we should ask here are what makes the current economic upswing different from the past two recoveries, and whether such differences are sufficient for the economy to reach the sustained growth path.
Author: Toshihiko Fukui - Japanese Public ServantPast , Path , Differences , Growth
The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.
Author: Toshihiko Fukui - Japanese Public ServantWorld , Knowledge , Growth , Economic
In this context, the current recovery in the Japanese economy is taking place in tandem with the growing interdependence with the rest of the world, particularly with the other East Asian economies.
Author: Toshihiko Fukui - Japanese Public ServantWorld , Place , Rest , Recovery
The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.
Author: Toshihiko Fukui - Japanese Public ServantGrowing , Japan , Investment , Japanese
In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run.
Author: Toshihiko Fukui - Japanese Public ServantLong , Run , Activity , Economic
The staff at the Institute will present an analysis on how asset price fluctuations and subsequent structural adjustments influence sustained economic growth, based on Japan's experience since the second half of the 1980s.
Author: Toshihiko Fukui - Japanese Public ServantWill , Experience , Influence , Growth
They emphasize the viewpoint that the protracted economic stagnation in Japan derives from incomplete economic adjustments to significant changes in relative prices.
Author: Toshihiko Fukui - Japanese Public ServantChanges , Japan , Economic , Incomplete
With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.
Author: Toshihiko Fukui - Japanese Public ServantWeak , Balance , Leave , Continue
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