The Successful Imitation of the Japanese Lean Production System by American Firms: Impact on American Economic Growth
This paper provides some quantitative evidence about the strong links between the Lean Production System (LPS) or equivalently the holistic Just-in-Time/Quality Control (JIT/QC) system and sectoral (micro) economic growth. This evidence is supported by qualitative arguments that present the LPS or the JIT/QC philosophy as a major and fundamental organizational feature of modern economies. Though the implementation of such a system originated in Japan, the USA have been in the process of catching up in the last fifteen years. Subsequently, recently published American sectoral data (for the period between 1958 and 1996) are used to provide ample quantitative evidence of the role the JIT/QC organizational philosophy played in shaping and leading the American macro and sectoral economies in the last 40 years. The implications for the theory of economic growth and economic policy are also briefly stated.
|Date of creation:||2001|
|Date of revision:|
|Contact details of provider:|| Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia|
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://business.uow.edu.au/econ/index.html
More information through EDIRC
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.:
- Marvin B. Lieberman & Lieven Demeester, 1999. "Inventory Reduction and Productivity Growth: Linkages in the Japanese Automotive Industry," Management Science, INFORMS, vol. 45(4), pages 466-485, April.
- Michael Dietrich, 1993. "Total Quality Control, Just-in-Time Management, and the Economics of the Firm," Journal of Economic Studies, Emerald Group Publishing, vol. 20(6), pages 17-31, October.
- Banerjee, Anindya & Dolado, Juan J. & Galbraith, John W. & Hendry, David, 1993. "Co-integration, Error Correction, and the Econometric Analysis of Non-Stationary Data," OUP Catalogue, Oxford University Press, number 9780198288107, December.
- Shirley J Daniel & Wolf D Reitsperger, 1991. "Management Control Systems for J.I.T.: An Empirical Comparison of Japan and the U.S," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 22(4), pages 603-617, December.
- Coase, Ronald H., 1991.
"The Institutional Structure of Production,"
Nobel Prize in Economics documents
1991-1, Nobel Prize Committee.
- Coase, R H, 1992. "The Institutional Structure of Production," American Economic Review, American Economic Association, vol. 82(4), pages 713-19, September.
- Coase Ronald, 1991. "The Institutional Structure of Production," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 2(4), pages 10, December.
- repec:fth:harver:1487 is not listed on IDEAS
- Kevin J. Stiroh & Dale W. Jorgenson, 2000. "U.S. Economic Growth at the Industry Level," American Economic Review, American Economic Association, vol. 90(2), pages 161-167, May.
When requesting a correction, please mention this item's handle: RePEc:uow:depec1:wp01-02. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Siminski)
If references are entirely missing, you can add them using this form.