Relation between Total Factor Productivity and UtilityReportar como inadecuado




Relation between Total Factor Productivity and Utility - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

First, we identified the issues facing Japan’s forestry industry by analyzing statistical data. Japan’sforestry industry was in crisis. Despite the large increase in capital stock in forestry over the past40 years, the production value had declined substantially, which deviated from economic commonsense. Next, we used the total factor productivity measurement theory developed by the authors tomeasure the impact of technical progress on changes in the production value of Japan’s forestryproducts. The results revealed virtually no evidence that technical progress contributed to anyincrease in production. In addition, to investigate the causes for the decline in the productionvalue, we measured the cardinal utility of domestic forestry by combining the theory developed bythe authors with the system-wide approach of the economist H. Theil. This demonstrated that domesticwood timber had a poor reputation. This persistently poor reputation was considered tobe the reason for the continuing low incentives for increasing production. Finally, we used economictheory to find a unique method to explain ways to increase forestry production in Japan byimproving the reputation of domestic wood.

KEYWORDS

Japan’s Forestry Industry, System-Wide Approach, Domestic Wood

Cite this paper

Mizuno, K. , Doi, T. , Ando, S. , Omata, J. and Igusa, G. 2016 Relation between Total Factor Productivity and Utility. Journal of Human Resource and Sustainability Studies, 4, 130-142. doi: 10.4236-jhrss.2016.42015.





Autor: Katsushi Mizuno1, Takumu Doi2, Shio Ando1, Jun Omata3, Go Igusa4

Fuente: http://www.scirp.org/



DESCARGAR PDF




Documentos relacionados