Employment and Productivity Dynamics in Japan: Contribution to the OECD Dynemp/MultiProd Project and International Comparisons (Japanese)
Kyoji Fukao (),
Hyeog Ug Kwon () and
Young Gak Kim
Discussion Papers (Japanese) from Research Institute of Economy, Trade and Industry (RIETI)
International interest in industrial dynamics is growing, as it is an important factor for economic and productivity growth.. In this paper, we apply the analysis program developed by the Working Party for Industry Analysis of the Organization for Economic Cooperation and Development to Japanese data in order to analyze the business dynamics within and between industries in Japan's employment and productivity in an internationally comparable way. As the result of the analysis, we have found that the rate of new start-up formation in Japan is lower than that in foreign countries and the percentage and growth rate of young firms, which are the main drivers of employment growth, has been extremely low; although the gap between wages and productivity has been widening similarly to the trend in foreign countries, particularly in the service sector, the gap between the companies has been remarkable, and it has contracted in Japan since the Lehman shock; the efficiency of resource allocation among firms improved before the Lehman shock but declined afterwards; and the capital input of firms has tended to deviate from the optimal level and this tendency has intensified over time.
Pages: 33 pages
References: Add references at 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:eti:rdpsjp:19066
Access Statistics for this paper
More papers in Discussion Papers (Japanese) from Research Institute of Economy, Trade and Industry (RIETI) Contact information at EDIRC.
Bibliographic data for series maintained by TANIMOTO, Toko ().