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The Impact of Industrial Policy on Japan's Trade Specialization

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  • Noland, Marcus

Abstract

Recent research has demonstrated the possibility of welfare-enhancing industrial policy. This paper analyzes the impact of industrial policy on Japan's trade pattern and explores the possibility that it has been welfare-enhancing. Econometric results indicate that industrial policies have had an impact on Japan's trade specialization. These results are obtained contemporaneously and when the explanatory variables are lagged, suggesting either that policymakers have been forward-looking or that policy interventions have had persistent, long-lasting effects. Although some cases of successful targeting are uncovered, welfare-enhancing interventions appear to have been the exception, not the rule. Copyright 1993 by MIT Press.

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Bibliographic Info

Article provided by MIT Press in its journal Review of Economics & Statistics.

Volume (Year): 75 (1993)
Issue (Month): 2 (May)
Pages: 241-48

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Handle: RePEc:tpr:restat:v:75:y:1993:i:2:p:241-48

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Web page: http://mitpress.mit.edu/journals/

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Web: http://mitpress.mit.edu/journal-home.tcl?issn=00346535

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Cited by:
  1. Bernstein, Jeffrey R. & Weinstein, David E., 2002. "Do endowments predict the location of production?: Evidence from national and international data," Journal of International Economics, Elsevier, Elsevier, vol. 56(1), pages 55-76, January.
  2. Kozo Kiyota & Tetsuji Okazaki, 2004. "Foreign Technology Acquisition Policy and Firm Performance in Japan, 1957-1970: The Japanese Industrial Policy Revisited," CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo CIRJE-F-274, CIRJE, Faculty of Economics, University of Tokyo.
  3. Kiyota, Kozo & Okazaki, Tetsuji, 2005. "Foreign technology acquisition policy and firm performance in Japan, 1957-1970: Micro-aspects of industrial policy," International Journal of Industrial Organization, Elsevier, Elsevier, vol. 23(7-8), pages 563-586, September.
  4. Kozo Kiyota & Tetsuji Okazaki, 2004. "Foreign Technology Acquisition Policy and Firm Performance in Japan, 1957-1970: The Japanese Industrial Policy Revisited (Published in "International Journal of Industrial Organization", Sep," CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo CARF-F-003, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
  5. Kotabe, Masaaki & Wheiler, Kent W., 1998. "Perceptions of anticompetitive practices in Japan and the market performance of foreign firms," Journal of International Management, Elsevier, Elsevier, vol. 4(3), pages 173-200, November.
  6. Hallegatte, Stephane & Fay, Marianne & Vogt-Schilb, Adrien, 2013. "Green industrial policies : when and how," Policy Research Working Paper Series, The World Bank 6677, The World Bank.
  7. Radislav Jovovic, 2005. "The Distincs Differences Between Old And Emerging Economy," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), Economic Laboratory for Transition Research (ELIT), vol. 1(1), pages 139-150.

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