The slow GDP growth does not necessarily mean that Japan lagged in all aspects of public welfare. Jones and Klenow (2016), who propose a summary statistics for economic well-being of people in a country, argue that, despite its “lost decades” after 1990, Japan moves sharply up in the g...
The slow GDP growth does not necessarily mean that Japan lagged in all aspects of public welfare. Jones and Klenow (2016), who propose a summary statistics for economic well-being of people in a country, argue that, despite its "lost decades" after 1990, Japan moves sharply up in the ...