Growth, Economies of Scale, and Targeting in Japan (1955-1990)
AbstractThis paper explores the usage of various industrial policy tools in Japan. Contrary to the conventional wisdom, the authors find that a disproportionate amount of Japanese targeting occurred in low-growth sectors and sectors with decreasing returns to scale. In addition, they find no evidence that productivity was enhanced as a result of industrial policy measures. Copyright 1996 by MIT Press.
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Bibliographic InfoArticle provided by MIT Press in its journal Review of Economics & Statistics.
Volume (Year): 78 (1996)
Issue (Month): 2 (May)
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Web page: http://mitpress.mit.edu/journals/
Other versions of this item:
- Beason, R. & Weinstein, D.E., 1993. "Growth, Economies of Scale, and Targeting in Japan (1955- 1990)," Harvard Institute of Economic Research Working Papers 1644, Harvard - Institute of Economic Research.
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