Growth, Economies of Scale, and Targeting in Japan (1955-1990)
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, they find no evidence that productivity was enhanced as a result of industrial policy measures. Copyright 1996 by MIT Press.
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Cited by 390
- Authors
- Beason, R., & Weinstein, D. E.
- ORCID
- Weinstein, David E.
- Venue
- The Review of Economics and Statistics
- Publisher
- JSTOR
- Published
- 1996-05
- Volume
- 78
- Issue
- 2
- Pages
- 286
- ISSN
- 0034-6535 (ISSN-L)
- OpenAlex
- W3123695883
- Cited by
- 390
- References
- 0
- Citations by year
- 2026: 18 · 2025: 11 · 2024: 17 · 2023: 15 · 2022: 10 · 2021: 20 · 2020: 55 · 2019: 29 · 2018: 15 · 2017: 12 · 2016: 3 · 2015: 12 · 2014: 5 · 2013: 14 · 2012: 13
- FWCI
- 48.96
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- The Review of Economics and Statistics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Political Science and International Relations › Asian Industrial and Economic Development
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Keywords
- industrial policy, targeting, economies of scale, decreasing returns to scale, productivity, Japanese industrial policy, policy instruments
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