Structural Causes of Japan's Lost Decades from SPICE on Vimeo.
The concept of productivity is central in economics and is one of the main determinants of economic growth. In this video lecture, Kyoji Fukao, Professor of Macroeconomics and Productivity at Hitotsubashi University, explains how flat and low productivity led to Japan's economic stagnation in recent decades.
In the accompanying discussion guide, students learn about the concept of productivity in economics and use this knowledge to investigate why Japan´s productivity and economic growth have slowed since the 1990s.