Policy Research Domains (Major Policy Research Domains) I. Maintaining Economic Dynamism under the Adverse Demographic Conditions of Low Fertility and Aging Population

The Japanese Economy under Low Fertility and Aging Population: From the perspectives of economic growth, productivity, labor force, and prices

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Project Leader/Sub-Leader

YOSHIKAWA Hiroshi

YOSHIKAWA Hiroshi Faculty Fellow

Leader

UNAYAMA Takashi

UNAYAMA Takashi Faculty Fellow

Sub-Leader

Overview

2009 - 2010

This project analyzes the impacts of low fertility and aging population on the Japanese economy, in particular from the aspects of economic growth, productivity, labor force, and prices.

Technological progress is widely acknowledged as the key to economic growth under low fertility and aging population. And although product innovations are particularly decisive, the measurement of total factor productivity (TFP), which focuses on the supply side and "value added," does not fully capture the impacts of product innovations on economic growth. This project researches product innovations both theoretically and practically. Additionally, productivity, human capital accumulation, household labor supply, and prices are also examined in the light of low fertility and aging population.

December 22, 2009 - March 31, 2011

Major Research Results

Major Research Results

2010

RIETI Discussion Papers

RIETI Policy Discussion Papers