The Japanese Economy Is Dynamically Inefficient 日本経済は動学的非効率
The Japanese economy is more likely to be dynamically inefficient, which means that the capital stock has been over-accumulated. For the Japanese people to get better off, the capital stock should be decreased.
MPK－δ: Real return to capital stock (Marginal product of capital - depreciation rate)
g: Economic growth rate(growth rate of real GNI)