Economic Growth for China and Japan(<Special Issue>Contribution to 21 Century Intelligent Technologies and Bioinformatics)

概要

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In this paper, a comparative investigation of the total factor productivities (TFP) between China and Japan shows that the average annual growth rate of TFP for China from 1978 to 2002 is 3.7%, mainly contributed by the economic reform and open-up policy, and that, on the contrary, the annual growth rate for Japan is lower than 1% after the shock of 1973 Oil Crisis. Considering the fact that the growth trend of China's TFP after 1994 has been continuously declining, we suggest that if China does not speed up the adjustment of its industrial structure and the technological innovation, such as introduction of the new techniques from developed countries, China may inevitably suffer from declining of technological progress as what has happened to Japan. Finally, the foreign trade patterns for the two countries are also analyzed.
バイオメディカル・ファジィ・システム学会の論文