Business Start-Ups in Japan: Problems and Policies
AbstractThis paper argues that the comparatively low levels of business start-ups in Japan need not be a matter of concern in so far as the pattern of growth relying on existing companies persists. But the declining trend of start-up rates may be worrisome for it may indicate waning entrepreneurship and weakening mechanisms of resource reallocation and economic growth. Policy measures to promote business start-ups are not based on well-founded studies at an aggregate level, which are lacking in the absence of comparable data, but rather are inspired by the successful US experience. The paper looks into two specific areas of policy--private equity markets and bankruptcy--where important progress has been made, and points to further scope for improvement. Copyright 2000 by Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Review of Economic Policy.
Volume (Year): 16 (2000)
Issue (Month): 2 (Summer)
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- Rod Tyers & Ying Zhang, 2011.
"Japan’s Economic Recovery: Insights from Multi-Region Dynamics,"
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- Cumming, Douglas & Li, Dan, 2013. "Public policy, entrepreneurship, and venture capital in the United States," Journal of Corporate Finance, Elsevier, vol. 23(C), pages 345-367.
- Miroslav Prokopijevic, 2002. "Does growth further improve economic freedom?," ICER Working Papers 16-2002, ICER - International Centre for Economic Research.
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