Growth, Economies of Scale, and Targeting in Japan (1955-1990)

Richard Beason and David Weinstein

The Review of Economics and Statistics, 1996, vol. 78, issue 2, 286-95

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.

Date: 1996
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Working Paper: Growth, Economies of Scale, and Targeting in Japan (1955- 1990) (1993)
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