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ID 41545
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Title Alternative
Structural Changes of Industry and Employment in Japan
Author
Hashimoto, Yoshizo
Abstract
The Japanese industry is in a huge whirlpool. Various common senses and conventions have been seriously doubted. Nevertheless, Japan cannot yet find any exit. Even if finding it, she has spent only a time in vain without doing any effectives measure, because most of those are conflict with vested interests or conventional practices. In this paper, I will make a positive analysis of changing industry in Japan after the babble boom crash in 1991 by using Firms and Establishments Census Data and others. Then, I will make it clear that the cause of failure to buoy up her economy consists in a fact that shortage of investment opportunities in her economy has been misunderstood simply as shortage of macro effective demand. Then, comparing the structural adjustment in the first half of the 1990s with one in the second half of the 1970s, I will clarify that the most serious weak point of Japanese-styled management, which has virtually excluded rights of shareholders from their decisions, have got revealed as her economy matures. I will also say that improvement of profitability by making employment fluid is not only effective as a counter-policy to the prolonged structural depression in the open economy but also inescapable in the "affiuent" economy driven by the service industry. Lastly, in place of a conclusion, I will remind a brief summary and lessons of the US and the UK policy experiences after the 1970s.
Note
論説 (Article)
Published Date
1999-03-10
Publication Title
岡山大学経済学会雑誌
Publication Title Alternative
Okayama Economic Review
Volume
volume30
Issue
issue3
Publisher
岡山大学経済学会
Publisher Alternative
The Economic Association of Okayama University
Start Page
1
End Page
23
ISSN
0386-3069
NCID
AN00032897
Content Type
Journal Article
language
日本語
File Version
publisher
Refereed
True
Eprints Journal Name
oer