Productivity Dynamics Among Japanese Small and Medium-Sized Enterprises: Empirical Analysis Based on the Credit Risk-Database Productivity

Kenta Ikeuchi, Young Gak Kim, Hyeog Ug Kwon and Kyoji Fukao

Economic Review, 2018, vol. 69, issue 4, 363-377

Abstract: Japanʼs economy is characterized by a dual structure ; overall small and medium-sized enterprises （SMEs）account for a relatively large share of the total economic output, and there is a substantial size difference between such SMEs and large firms. However, due to data limitations, few studies have focused on productivity dynamics of SMEs. Particularly, with regard to the non-manufacturing sector, such research is extremely limited. Against this background, this study examines the productivity dynamics of SMEs, including those in the non-manufacturing sector, using an extensive firm-level panel dataset constructed from the Credit Risk Database. The findings indicate that the productivity dynamics of SMEs differ considerably from those of large firms. In contract to large firms, the reallocation effect-rather than the within effect-is the main driver of productivity dynamics among SMEs, meaning that the market mechanism seems to be working properly in the case of SMEs.

JEL-codes: O12 O47 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:hit:ecorev:v:69:y:2018:i:4:p:363-377

DOI: 10.15057/29643

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