IDEAS home Printed from https://ideas.repec.org/a/mes/jpneco/v51y2025i3p291-327.html

Socio-economic conditions and firm survival amid the COVID-19 pandemic: Evidence from Kyushu-Okinawa region, Japan

Author

Listed:
  • Ichiro Iwasaki
  • Ryota Murakami

Abstract

This paper traces the survival status of 142,902 firms in the Kyushu-Okinawa region of Japan during the COVID-19 pandemic and empirically analyzes its determinants. The estimation results of the Cox proportional hazards model indicate that firms located in Saga, Oita, Miyazaki, and Kagoshima prefectures had statistically significantly higher survival probabilities during the pandemic compared to those in Fukuoka Prefecture. It is also revealed that population density, income level, unemployment rate, tertiary industry size, and the number of domestic and inbound foreign visitors in the pre-pandemic period significantly contributed to firm exits, while economic growth and the size of the secondary industry before the pandemic positively influenced firm survival. The firm exit effects associated with population density, tertiary industry size, and the number of domestic and inbound foreign visitors as socio-economic preconditions starkly reflect the unique characteristics of the pandemic period.

Suggested Citation

  • Ichiro Iwasaki & Ryota Murakami, 2025. "Socio-economic conditions and firm survival amid the COVID-19 pandemic: Evidence from Kyushu-Okinawa region, Japan," The Japanese Political Economy, Taylor & Francis Journals, vol. 51(3), pages 291-327, July.
    • Handle: RePEc:mes:jpneco:v:51:y:2025:i:3:p:291-327
    DOI: 10.1080/2329194X.2025.2520824
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/2329194X.2025.2520824
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/2329194X.2025.2520824?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:jpneco:v:51:y:2025:i:3:p:291-327. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MJES20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.