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
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.
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