This paper presents an empirical framework to analyze institutional changes, and applies it to the evolution of economic institutions in Japan, specifically main bank system and long-term employment. Ideas of evolutionary biology and organizational ecology are applied to the empirical analysis of institutional evolution. The basic question is how the mechanisms of selection and imitation work in the evolution of the economic institutions. I focus on four factors of fitness, namely (i)growth rate, (ii)exit (death) rates, (iii)entry (birth) rate, and (iv)rate of the change of attribute. (i), (ii) and (iii) represent selection, while (iv) represents imitation. Constructing a data set on the population of the industrial firms in Japan from 1960 to 1999, I examine how the composition of the firm population has changed over time, with respect to institutional attributes, specifically main bank relationship, to what extent the fitness factors (i)-(iv) have contributed to that change, and whether main bank system has co-evolved with long-term employment.
内容記述
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雑誌名
Discussion paper series. CIRJE-J
巻
2004-CJ-118
発行年
2004-10
書誌レコードID
AA11451834
フォーマット
application/pdf
日本十進分類法
330
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
制度進化における淘汰と模倣 : 分析枠組みと日本の経済制度への応用
