Assessing the effects of Japanese industrial policy change during the 1960s

Kozo Kiyota, Tetsuji Okazaki

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

This paper provides a systematic analysis of the effects of the industrial policy change in the 1960s in Japan. We utilize a panel of 227 manufacturing industries between 1960 and 1969. We find that on the one hand, the removal of de facto import quotas had significantly negative effects on real output, real output per establishment, and employment. On the other hand, for those industries where import quotas were removed, tariff protection was effective in maintaining real output and employment. However, this does not necessarily mean the success of industrial policy change because neither tariff protection nor the removal of quotas contributed to productivity growth. In that sense, the industrial policy change had limited effects.

Original languageEnglish
Pages (from-to)31-42
Number of pages12
JournalJournal of The Japanese and International Economies
Volume40
DOIs
Publication statusPublished - 2016 Jun 1

Keywords

  • Import quota
  • Industrial policy
  • Postwar Japan
  • Productivity

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Political Science and International Relations

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