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"Transition to a Market Economy and Productivity Change: A Case of the Coal Industry in Postwar Japan" (in Japanese)

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  • Tetsuji Okazaki

    (Faculty of Economics, The University of Tokyo)

Abstract

In the late 1940s, the Japanese economy transited to a market economy from an economy under the government planning and control, which had continued since the period of the Sino-Japanese War. This paper explored the impact of the transition on the micro-aspect of the economy, focusing on the coal mining industry. By comparing productivity of coal mines before and after the transition, we found that the price control indeed hurt the incentive for coal mines, in particular relatively efficient ones, to enhance productivity.

Suggested Citation

  • Tetsuji Okazaki, 2014. ""Transition to a Market Economy and Productivity Change: A Case of the Coal Industry in Postwar Japan" (in Japanese)," CIRJE J-Series CIRJE-J-263, CIRJE, Faculty of Economics, University of Tokyo.
  • Handle: RePEc:tky:jseres:2014cj263
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    File URL: http://www.cirje.e.u-tokyo.ac.jp/research/dp/2014/2014cj263.pdf
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