Yokohama National University and University of Michigan
University of Tokyo
抄録
A number of studies have revealed that the effect of industrial policy on productivity growth is negative. Is this because industrial policy fails to control the activities of firms, or because it can effectively control them? This paper attempts to answer this question, using firm-level data from the cotton spinning industry in Japan for the period 1953-79. We find that industrial policy cut two ways during this period. Industrial policy effectively controlled the output of cotton spinning firms, which contributed to the establishment of a stable market structure both during and after the regulation of the industry. On the flip side, such policy constrained the reallocation of resources from less productive large firms to more productive small firms. Combined with the negative growth of large firms during this period, industrial policy resulted in negative sectoral productivity growth.
内容記述
本文フィルはリンク先を参照のこと
雑誌名
Discussion paper series. CIRJE-F
巻
CIRJE-F-563
発行年
2008-05
書誌レコードID
AA11450569
フォーマット
application/pdf
日本十進分類法
335
出版者
日本経済国際共同センター
出版者別名
Center for International Research on the Japanese Economy
Industrial Policy Cuts Two Ways: Evidence from Cotton Spinning Firms in Japan, 1953-1979
