 Non-linear transition mechanism of production and Japanese developmentTomoyuki Yagi and Masako Takahashi Economic Analysis and Policy, 2015, vol. 47, issue C, 34-47 Abstract: This study theoretically clarifies the non-linear transition mechanism of production and Japanese economic development. This mechanism is empirically known but the precise nature of the shifts is unclear and has yet to be specified theoretically. The study focuses on four factors: economies of scale, the operating rate, the vintage facilities, and the international transfer of facilities, all of which would impact on the transition mechanism and from which a new model is derived. This model demonstrates the jumping processes involved in production highlighting the existences of thresholds, which induce them. These thresholds relate to the identified factors and which provide an explanation for rapid increases and sudden declines in production. This study investigates specific cases of such changes in the Japanese manufacturing sector and reviews the role of these four factors. Illustrated is the non-linear nature of the transition mechanism in its effect on the Japanese economic growth. Keywords: Non-linear transition process; Production; Economies of scale; Operating rate; Vintage facilities; International transfer (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:47:y:2015:i:c:p:34-47 DOI: 10.1016/j.eap.2015.06.004 Access Statistics for this article Economic Analysis and Policy is currently edited by Clevo Wilson More articles in Economic Analysis and Policy from Elsevier |
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