Transition to a Modern Regime and Change in Plant Lifecycles: A Natural Experiment from Meiji Japan
Tomohiro Machikita and
No 19-006E, CIGS Working Paper Series from The Canon Institute for Global Studies
This paper examines how political, social, and economic regime changes affect the lifecycles of manufacturing plants exploiting Japans transition from a feudal regime to a modern regime in the late nineteenthcenturyasanaturalexperiment. Usingplant-leveldatafor1902, includingthefoundation year of each plant, we explored how the experience-size proﬁles of plants differ before and after the regime change. Plants were found to grow much faster after the regime change and the acceleration of growth after the regime change was much greater for the plants in exporting industries, industries intensively using steam power, and plants adopting a corporate form. These ﬁndings suggest that access to export markets, access to modern technologies, and availability of the modern corporate form were the channels through which the regime change affected the experience-size proﬁle of plants. The ﬁndings on the acceleration of plant growth after the regime change are supported by the analyses of more detailed data from the silk-reeling industry.
New Economics Papers: this item is included in nep-gro and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cnn:wpaper:19-006e
Access Statistics for this paper
More papers in CIGS Working Paper Series from The Canon Institute for Global Studies Contact information at EDIRC.
Bibliographic data for series maintained by The Canon Institute for Global Studies ().