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Applied Economics Letters Volume 3, 1996 - Issue 4
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Original Articles

Convergence to steady state growth: a model for Japan (1965–90)

Jati K. Sengupta University of California, Santa Barbara, CA, USA
&
Kumiko Okamura Institute of Statistical Mathematics, Tokyo, Japan
Pages 259-265 | Received 04 Jul 1995, Published online: 02 Nov 2006
 
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Abstract

A model of convergence to steady-stage growth is specified here in terms of deviations from a steady-state demand for inputs and estimated for Japan for the period 1965–90. The estimated results show a dominant role of capital in the convergence process and also the forward looking view of input demand.

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