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Author:Beason, R.
Weinstein, D.
Title:Growth, economies of scale, and targeting in Japan (1955-1990)
Journal:Review of Economics and Statistics
1996 : MAY, VOL. 78:2, p. 286-295
Index terms:ECONOMICS
STATISTICS
JAPAN
Language:eng
Abstract:This paper explores the usage of various industrial policy tools in Japan. Contrary to the conventional wisdom, the authors find that a disproportionate amount of Japanese targeting occurred in low growth sectors and sectors with decreasing returns to scale. In addition , the authors find no evidence that productivity was enhanced as a result of industrial policy measures. In fact, it is the success of Japanese targeting that is often used as the justification for targeting in the United States.
SCIMA record nr: 152227
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