The Great East Japan Earthquake of March 11, 2011 had a serious negative impact on the Japanese economy. The earthquake reduced production substantially not only in the regions that were directly affected but also throughout Japan via the disruption of supply chains. The meltdowns at the...

This paper describes the construction of the Regional-Level Japan Industrial Productivity Database (R-JIP), which covers the period from 1970 through 2008 and comprises annual industrial output and factor input data of Japan's 47 prefectures classified by 23 industry. Output is measured in terms...

Though the economies of both Japan and Korea suffered during the 1997-1998 financial crisis, economic performances in both countries have diverged somewhat after the financial crisis. The Korean economy recovered swiftly and has maintained an economic growth rate of 4%, but Japan's economic...

Globalization and IT revolution in the 1990s requires that firms make a reorganization to survive in the more competitive world. There are several approaches to assess the organization capital. Using an optimizing firm model assuming that a firm holds multiple assets suggested by Yang and...

Economists have pointed out that the Japanese slow productivity growth in the 90s was caused by the lack of creative destruction. To investigate the topic, we focus on the behavior of newly founded firms. First, we study how long they keep high productivity by examining the effect of firm age on...

Following Foster, Haltiwanger, and Syverson (2008), we construct physical output based TFP (TFPQ) measures using data from the Census of Manufactures. We find that productivity differences among business establishments using TFPQ are larger than those using the traditional revenue-based TFP...

This publication is in Japanese. Neither an English translation of the publication nor an English abstract is available.

This paper reexamines the effects of public capital on productivity growth at the regional level by using the Regional-Level Japan Industrial Productivity Database (R-JIP). When we estimate a production function including public capital in total factor productivity (TFP), we find positive and...

Investment spikes have affected the movement in aggregate investment in Japan. On average, 15% of total listed firms in Japan conducted large-scale investments that created spikes in investment during the past 30 years. From the results in our Probit estimation, we find that large scale...

We examined the relationship between human resource development and firm performance using two sets of data, one obtained from a questionnaire survey mailed to firms' personnel departments and another—human resource management scores based on interviews with Japanese firms—used in Miyagawa...