The optimal degree of competition and dynamic efficiency in Japan and Korea

Alice Amsden and Ajit Singh

MPRA Paper from University Library of Munich, Germany

Abstract: Abstract This paper is concerned with the neglected role of competition policy in East Asian development. Michael Porter considers Japan's development to have benefitted from intense competition among firms. By contrast, Caves and Uekusa criticize MITI's role in creating recession cartels and entry barriers, which are thought to have resulted in allocative inefficiency. This paper argues that competition policy in both Japan and Korea was oriented towards creating dynamic efficiency (the highest long term productivity growth rate). It did so by measures, operating at both the industry and firm level, which sometimes restricted competition and sometimes encouraged it.

Keywords: Competition; Antitrust; Dynamic; Efficiency; Development. (search for similar items in EconPapers)
JEL-codes: L0 L4 O1 (search for similar items in EconPapers)
Date: 1993-12-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in European Economic Review 3/4.38(1994): pp. 940-951

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Journal Article: The optimal degree of competition and dynamic efficiency in Japan and Korea (1994)
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