Growth, Economies of Scale, and Targeting in Japan (1955-1990)

Beason, Dick; Weinstein, David E.

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Growth, Economies of Scale, and Targeting in Japan (1955-1990)

Review of Economics and Statistics, Vol. 78, No. 2, 1996

University of Alberta School of Business Research Paper No. 2013-323

1 Pages Posted: 27 May 2013

See all articles by Dick Beason

Dick Beason

University of Alberta - Department of Marketing, Business Economics & Law

David E. Weinstein

Columbia University - Graduate School of Arts and Sciences - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: May 1, 1995

Abstract

This paper explores the usage of various industrial policy tools in Japan. Contrary to the conventional wisdom, we find that a disproportionate amount of Japanese targeting occurred in low growth sectors and sectors with decreasing returns to scale. In addition, we find no evidence that productivity was enhanced as a result of industrial policy measures.

Suggested Citation: Suggested Citation

Beason, Dick and Weinstein, David E., Growth, Economies of Scale, and Targeting in Japan (1955-1990) (May 1, 1995). Review of Economics and Statistics, Vol. 78, No. 2, 1996, University of Alberta School of Business Research Paper No. 2013-323, Available at SSRN: https://ssrn.com/abstract=2270000