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D Our analyses of congressional voting confirm the existence of this non-party elite coalition. While these elites lost …
Persistent link: https://www.econbiz.de/10013219326
timing of the extensions of this right from elite groups to a broad population generally later, than in areas where there was …
Persistent link: https://www.econbiz.de/10013235270
This paper replicates a classic study of the American business elite. The older study done a half-century ago, reported … the composition of the" American business elite has changed. As in the earlier study, the business elite is compared to a …" sample of political leaders. I find that democratization of the business elite has progressed only" slightly in the past …
Persistent link: https://www.econbiz.de/10013324093
this line of research to Asia. Japan imposed its system of well-defined property rights in land on some of its Asian … colonies, including Korea, Taiwan and Palau. In 1939 Japan began to survey and register private land in its island colonies, an … land registration obsolete. Third, considering all of Japan's colonies, we use the presence or absence of a land survey as …
Persistent link: https://www.econbiz.de/10013135762
Japan's successful industrialization in the late 19th and early 20th century largely exhausted its then abundant … natural resources. Rather than exemplifying rapid development in the absence of natural resources, Japan shows how laissez … resources curse that undermined its prior state-led industrialization strategy. Japan's post-WWII reconstruction relied little …
Persistent link: https://www.econbiz.de/10012978520
What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the long-run? Which particular assets have the highest long-run returns? We answer these questions on the basis of a new...
Persistent link: https://www.econbiz.de/10012931594
Measures of productivity growth typically include in the Productivity "residual" the impacts of subequilibrium from fixity of factors, costs of adjustment, returns to scale and markups. This paper proposes a general two part framework for adjusting the residual measure to take these impacts into...
Persistent link: https://www.econbiz.de/10013213436
Japan's zaibatsu, or pyramidal business groups, provided this coordination after the Meiji government failed at the task. We … that unique historical circumstances aided their success in prewar Japan. Specifically, Japan uniquely marginalized its … feudal elite; withdrew its hand with a propitious mass privatization that rallied the private sector; marginalized an …
Persistent link: https://www.econbiz.de/10012753906
This paper studies the evolution of income concentration in Japan from 1886 to 2002 by constructing long-run series of … despite the high economic growth; and (4) top income composition in Japan has shifted dramatically from capital income to … Japan have remained remarkably stable over the recent decades. We show that the change in technology or tax policies alone …
Persistent link: https://www.econbiz.de/10012754115
Canada, the U.S.and Japan. Utilizing an econometric cost function methodology, we are able to isolate the major source of …
Persistent link: https://www.econbiz.de/10012755399