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Evolution of Economic Systems: The Case of Japan

Author

Listed:
  • Okazaki, T.
  • Okuno-Fujiwara, M.

Abstract

In this paper, we shall provide a theoretical overview of what are the chief implications of fucusing institutions and economic systems, what are the main sources of their evolution, how are their evolutionary paths affected by various economic factors. In the latter half, we shall provide a brief historical account of evolution of an actual economic system using Japanese economic history as an example.

Suggested Citation

  • Okazaki, T. & Okuno-Fujiwara, M., 1997. "Evolution of Economic Systems: The Case of Japan," ISER Discussion Paper 0444, Institute of Social and Economic Research, Osaka University.
    • Handle: RePEc:dpr:wpaper:0444
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    Cited by:

    1. Tim Goydke, 2011. "Institutional Change and the Role of Government: Technology Policy in Japan and Korea," Chapters, in: Werner Pascha & Cornelia Storz & Markus Taube (ed.), Institutional Variety in East Asia, chapter 4, Edward Elgar Publishing.
    2. Masahiko Aoki, 2013. "The Evolution of Organizational Conventions and Gains from Diversity," Chapters, in: Comparative Institutional Analysis, chapter 6, pages 59-71, Edward Elgar Publishing.
    3. Gagliardi, Francesca, 2008. "Institutions and economic change: A critical survey of the new institutional approaches and empirical evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 416-443, February.
    4. Chiaki Moriguchi, 2000. "The Evolution of Employment Relations in U.S. and Japanese Manufacturing Firms, 1900-1960: A Comparative Historical and Institutional Analysis," NBER Working Papers 7939, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    ECONOMIC SYSTEMS ; GAME THEORY;

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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