Industrial cluster policy and transaction networks: Evidence from firm-level data in Japan

Toshihiro Okubo, Tetsuji Okazaki, Eiichi Tomiura

研究成果: Article査読

抄録

Cluster policy is designed to facilitate inter-firm networking. We examine industrial clusters in Japan based on firm-level transaction data. Cluster firms significantly expand transaction networks not only with local firms but also with firms in the agglomerated core Tokyo. We confirm the robustness of the results with historical policy experience of the regions as an instrumental variable and the cluster participation in a later period for a placebo test. By disaggregating firms in their relationships with financial institutions, we find that cluster firms expanding networks with firms in Tokyo are financed mainly by regional banks.

本文言語English
ページ(範囲)1990-2035
ページ数46
ジャーナルCanadian Journal of Economics
55
4
DOI
出版ステータスPublished - 2022 11月 1

ASJC Scopus subject areas

  • 経済学、計量経済学

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