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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w1849 |
来源ID | Working Paper 1849 |
The Extent and Sources of Cost and Efficiency Differences Between U.S. and Japanese Automobile Producers | |
Melvyn A. Fuss; Leonard Waverman | |
发表日期 | 1986-03-01 |
出版年 | 1986 |
语种 | 英语 |
摘要 | In this paper we present for the first time estimates of cost and efficiency differences between U.S. and Japanese producers based on an econometric cost function methodology rather than the accounting frameworks previously used. We demonstrate that the cost difference estimates for 1979 which were influential in the debate that resulted in the Voluntary Restraints Agreements of 1981-85 were substantial over estimates of the Japanese advantage. While our estimate of the Japanese cost advantage for 1980 is similar to previous estimates, we attribute most of this advantage to short-run phenomena -underutilization of U.S. production capacity and an undervalued yen. In a previous paper we have shown that the Japanese TFP growth rate was much faster than the U.S. rate during the 1970's. However we estimate the long-run underlying Japanese efficiency advantage as of 1980 to have been only 1-2%, much less than previously estimated. This results from the fact that Japan began the 1970's with a long-run efficiency disadvantage of over 20%, and the decade of the 1970's represented a catch-up period for Japanese producers. |
主题 | Industrial Organization ; Labor Economics |
URL | https://www.nber.org/papers/w1849 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559096 |
推荐引用方式 GB/T 7714 | Melvyn A. Fuss,Leonard Waverman. The Extent and Sources of Cost and Efficiency Differences Between U.S. and Japanese Automobile Producers. 1986. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w1849.pdf(370KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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