Globalisation, multinationals and productivity in Japan's lost decade

Richard Kneller, Danny McGowan, Tomohiko Inui, Toshiyuki Matsuura

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

This paper studies the process of plant exit and productivity growth in Japan during the 'lost decade'. A productivity decomposition shows the low rate of productivity growth at the aggregate level to be due to slow within plant productivity growth and a small contribution from the entry and exit components. We find the causes of plant exit to be similar to results in other country contexts except we find no effect from import competition. Our results suggest that the low productivity growth is attributable to high entry barriers and little to the shutting of productive plants by MNEs.

Original languageEnglish
Pages (from-to)110-128
Number of pages19
JournalJournal of The Japanese and International Economies
Volume26
Issue number1
DOIs
Publication statusPublished - 2012 Mar 1

Keywords

  • Exit
  • Globalisation
  • Japan
  • Multinational firms
  • Productivity

ASJC Scopus subject areas

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

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