Globalisation, multinationals and productivity in Japan’s lost decade

Richard Kneller, Danny McGowan, Tomohiko Inui and Toshiyuki Matsuura

Journal of the Japanese and International Economies, 2012, vol. 26, issue 1, 110-128

Abstract: This paper studies the process of plant exit and productivity growth in Japan during the ‘lost decade’. A productivity decomposition shows the low rate of productivity growth at the aggregate level to be due to slow within plant productivity growth and a small contribution from the entry and exit components. We find the causes of plant exit to be similar to results in other country contexts except we find no effect from import competition. Our results suggest that the low productivity growth is attributable to high entry barriers and little to the shutting of productive plants by MNEs.

Keywords: Exit; Productivity; Globalisation; Multinational firms; Japan (search for similar items in EconPapers)
JEL-codes: D22 D24 L22 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Working Paper: Globalisation, Multinationals and Productivity in Japan’s Lost Decade (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jjieco:v:26:y:2012:i:1:p:110-128

DOI: 10.1016/j.jjie.2011.12.002

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