|INUI Tomohiko (Economic and Social Research Institute) /KIM Young Gak (Senshu University) /KWON Hyeog Ug (Faculty Fellow, RIETI / Nihon University) /FUKAO Kyoji (Faculty Fellow, RIETI / Hitotsubashi University)
|March 2011 11-J-042
|Research on Productivity Growth in Service Sector
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Using unique Japanese firm-level data for the Financial Statements Statistics of Corporations by Industry for 1982-2007, we observed TFP trends in both the manufacturing and non-manufacturing industries. Our results can be summarized as follows. First, TFP growth in the non-manufacturing industry was lower than that of the manufacturing industry. Second, there was productivity dispersion and it persists in both the manufacturing and non-manufacturing industries. Third, our results, which are based on productivity dynamics, show that the acceleration of TFP growth rate mainly occurred in the manufacturing industry.