This paper overviews the industrial organization in Japan in the late nineteenth and the early twentieth century. Using comprehensive plant-level data, I made clear the market structure of the manufacturing industry in 1902. It was found that the level of market concentration in Japan was...

Long-term economic plans were one of the major issues of the economic policy in Japan from the late 1930s to the 1950s. In this paper, we focus on three long-term economic plans in this period, namely the Production Capacity Expansion Plan in 1939 and 1942, the Economic Reconstruction Plan in...

This paper explores the change in the security portfolio of the holding company of Mitsubishi Zaibatsu (Mitsubishi Partnership) and its implication on the profitability of that company. First we confirmed that Mitsubishi Partnership substantially altered the portfolio from 1925 to 1935,...

This paper examines how professional corporate executives diffused among cotton spinning companies in prewar Japan, and analyzes the determinants as well as implications of the employment of professional executives. While simple scale variables such as paid-in capital and production did not...

This paper examines the economic role of the merchant coalition (kabu nakama) in Japan during the the eighteenth and the first half of the nineteenth century in Japan. During this period public sector enforcement of contracts was imperfect. Kabu nakama substituted for the public sector, using a...

In this paper we will make clear the institutional framework and function of the foreign exchange allocation system in 1950's Japan. Until trade liberalization progressed in the first half of 1960's, MITI executed de facto import quota by means of this system, which generated substantial amount...

We examine the cause and effect of technology acquisition policy on firm performance, using firm-level data between 1957 and 1970. Our results indicate that in the technology acquisition licensing, the government screened a firm's application, based on (i) the industry that the firm belonged to...

This paper examines the boundaries of the internal labor markets in Mitsubishi Zaibatsu and the career paths of the employees of Mitsubishi Bank, using the employee lists of Mitsubishi Zaibatsu. The fact that a comprehensive employee list was compiled by the personal section of the holding...

In this paper, we explore the historical development of the organization of the Japanese cotton spinning industry, from an evolutionary perspective. We focus on how "fitness" factors, namely, exit (death) rate, entry (birth) rate, growth rate and conversion rate of cotton spinning firms worked...

This paper analyzes the role of merchant coalition (kabu-nakama)in 18th and early 19th Century Japan, from a standpoint of the historical institutional analysis (Greif [1997]). The quantitative economic history literature has made clear that sustainable economic growth based on a market economy...