Comparison and Analysis of Productivity Growth and R&D Investment in the Electrical Machinery Industries of the United States and Japan

摘要: This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries postwar period. industry has experienced rapid output high rates capital formation both countries. A substantial amount RD factors production do respond to changes factor prices; existence pattern substitution complementarity among inputs. The main sources are: materials; technical change; accumulation. R&D expenditures have also contributed significantly labor while most important source total this for countries been scale effect followed by progress.