キム　ヨンガク   KIM Young Gak   金 榮愨    所属   専修大学  経済学部    専修大学大学院  経済学研究科    職種   教授
言語種別	日本語
発行・発表の年月	2015/11
形態種別	研究論文（学術雑誌）
標題	Lessons from Japan's Secular Stagnation
執筆形態	共著
掲載誌名	経済産業研究所・RIETI Discussion Paper Series
巻・号・頁	15(E-124),1-42頁
総ページ数	42
著者・共著者	深尾京司・池内健太・権赫旭・牧野達治・滝澤美帆
概要	Although Japan had largely resolved the problem of non-performing loans by the early 2000s, economic growth hardly accelerated, resulting in the “two lost decades.” This paper examines the underlying reasons from a long-term and structural perspective using a KLEMS-type database and micro-level data. Major issues examined include the chronic lack of domestic demand since the mid-1970s caused by the long-run decline in capital formation through the slowdown in the growth of the working age population as well as the resulting current account surplus and yen appreciation, and supply-side issues such as slow total factor productivity (TFP) growth due to Japan’s low information and communications technology (ICT) investment.