Bloom and Van Reenen (2007) show that differences in management practices are correlated with productivity differences at the firm level. In this paper, we conducted similar interview surveys on management practices in Japanese and Korean firms in 2008 and 2012. We find that overall management...

Using the Japan Industrial Productivity (JIP) and the Korea Industrial Productivity (KIP) databases and other primary statistics in Japan and Korea, we estimate intangible investment in Japan and Korea at the industry-level. Comparing our estimates from two-country data, we find that the growth...

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...

In tandem with the advance of IT usage in the economy and society, it is becoming more widely recognized that for greater IT usage to lead to higher productivity it is essential not only to increase the amount of IT equipment, but also for corporate organizations and human resources to...

Using the Japan Industrial Productivity (JIP) database and other primary statistics, we estimate intangible investments in Japan at the industry level. Comparing our estimates with Korean ones measured by Professor Chun, intangible investment/gross value added (GVA) ratios in Japan are higher...

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...

Following Corrado et al. (2009), we measure intangible assets at the listed firm level in Japan. Compared to the conventional Tobin's Q, the revised Q including intangibles is almost 1 on average, as suggested by Hall (2000 and 2001). The standard deviation of the revised Q is smaller than that...

To compare management practices between Japanese and Korean firms, we conducted interview surveys on organizational and human resource management based on Bloom and Van Reenen (2007). The average management scores resulting from the interview surveys in Japanese firms were higher than in Korean...

As the studies of Krugman (1994), Young (1994), and Lau and Kim (1994) showed, the East Asian economic miracle may be characterized as 'input-led' growth. However, both the stagnation in investment and the decrease in average working hours combined with a decrease in the fertility rate require a...