Railroad expansion and entrepreneurship: Evidence from Meiji Japan
AbstractRailroads in Meiji Japan are credited with facilitating factor mobility as well as access to human and financial capital, but the impact on firms is unclear. Using a newly developed firm-level dataset and a difference-in-differences model that exploits the temporal and spatial variation of railroad expansion, I assess the relationship between railways and firm activity across Japan. Results indicate that railroad expansion corresponded with increased firm activity, particularly in manufacturing, although this effect is mitigated in less populous regions. These findings are consistent with industrial agglomeration in areas with larger markets and earlier development among both new and existing establishments.
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Bibliographic InfoPaper provided by Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University in its series AJRC Working Papers with number 1302.
Length: 34 pages
Date of creation: 2013
Date of revision:
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More information through EDIRC
agglomeration; entrepreneurship; firm genealogy; late development;
Other versions of this item:
- John Tang, 2013. "Railroad expansion and entrepreneurship: evidence from Meiji Japan," CEH Discussion Papers 011, Centre for Economic History, Research School of Economics, Australian National University.
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- N75 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Asia including Middle East
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-05-05 (All new papers)
- NEP-BEC-2013-05-05 (Business Economics)
- NEP-CSE-2013-05-05 (Economics of Strategic Management)
- NEP-ENT-2013-05-05 (Entrepreneurship)
- NEP-HIS-2013-05-05 (Business, Economic & Financial History)
- NEP-TRE-2013-05-05 (Transport Economics)
- NEP-URE-2013-05-05 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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