Entry of small and medium enterprises and economic dynamism in Japan

Hiroki Kawai, Shujiro Urata

研究成果: Article査読

28 被引用数 (Scopus)

抄録

In examining the evolution of small and medium enterprises in Japan in the postwar period, this paper shows that entry rates for new firms have declined sharply in the last quarter century or so, a trend observed across most sectors of the economy as well as across most firm-size categories. To explain this pattern, the paper investigates the determinants of entry in Japan. Among other factors, it finds that cost disadvantages owing to small scale and the shortage of technical resources are significant deterrents to entry. It also finds that the availability of government-directed credit deters entry which suggests that, in their current form, such credit programs protect incumbents. Among positive factors, it finds that subcontracting opportunities promote entry which suggests that the subcontracting system in Japan is open to newcomers and helps give them a foothold in the economy.

本文言語English
ページ(範囲)41-51
ページ数11
ジャーナルSmall Business Economics
18
1-3
DOI
出版ステータスPublished - 2002

ASJC Scopus subject areas

  • 経済学、計量経済学

フィンガープリント

「Entry of small and medium enterprises and economic dynamism in Japan」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル