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

Kozo Kiyota, Tetsuji Okazaki

Research output: Contribution to journalArticle

2 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

Fingerprint

industrial policy
import
manufacturing industry
productivity
Japan
industry
Real output
Industrial policy
Policy change
Tariffs
Import quotas

Keywords

  • Import quota
  • Industrial policy
  • Postwar Japan
  • Productivity

ASJC Scopus subject areas

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

Cite this

Assessing the effects of Japanese industrial policy change during the 1960s. / Kiyota, Kozo; Okazaki, Tetsuji.

In: Journal of the Japanese and International Economies, Vol. 40, 01.06.2016, p. 31-42.

Research output: Contribution to journalArticle

@article{4f36a9d4173b4a2ea325e3967f85ec5f,
title = "Assessing the effects of Japanese industrial policy change during the 1960s",
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.",
keywords = "Import quota, Industrial policy, Postwar Japan, Productivity",
author = "Kozo Kiyota and Tetsuji Okazaki",
year = "2016",
month = "6",
day = "1",
doi = "10.1016/j.jjie.2016.03.005",
language = "English",
volume = "40",
pages = "31--42",
journal = "Journal of the Japanese and International Economies",
issn = "0889-1583",
publisher = "Academic Press Inc.",

}

TY - JOUR

T1 - Assessing the effects of Japanese industrial policy change during the 1960s

AU - Kiyota, Kozo

AU - Okazaki, Tetsuji

PY - 2016/6/1

Y1 - 2016/6/1

N2 - 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.

AB - 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.

KW - Import quota

KW - Industrial policy

KW - Postwar Japan

KW - Productivity

UR - http://www.scopus.com/inward/record.url?scp=84963553725&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84963553725&partnerID=8YFLogxK

U2 - 10.1016/j.jjie.2016.03.005

DO - 10.1016/j.jjie.2016.03.005

M3 - Article

AN - SCOPUS:84963553725

VL - 40

SP - 31

EP - 42

JO - Journal of the Japanese and International Economies

JF - Journal of the Japanese and International Economies

SN - 0889-1583

ER -