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-0.06 -0.04 -0.02 0.02 0.04 0.06 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Japan,

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-0.06 -0.04 -0.02 0.02 0.04 0.06 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Japan, 1991-2018 TFP Growth vs. Real GDP Capita Growth (2010USD) 2009 2010 2011 2012 2013 2014 20 15 20 16 2017 2018 TFP Growth Correlation = .904 Real GDP/Capital Growth

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