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| Author: | Lieberman, M. Johnson, D. |
| Title: | Comparative productivity of Japanese and U.S. steel producers, 1958-1993 |
| Journal: | Japan and the World Economy
1999 : JAN, VOL. 11:1, p. 1-27 |
| Index terms: | JAPAN ECONOMIC CONDITIONS PRODUCTIVITY |
| Language: | eng |
| Abstract: | Using historical, firm-level data, this study compares the productivity of Japanese and US integrated steel producers. In recent decades Japanese producers have demonstrated higher labor productivity than their US counterparts, due largely to higher investment. Calculations of multifactor productivity suggest that the American firms, nevertheless, maintain a small advantage in overall efficiency. One implication is that steel producers in Japan may have invested too heavily in capital equipment, while American companies invested too little. |
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