全球智库信息集成服务系统(G2TT): Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth

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来源类型	Working Paper
规范类型	报告
DOI	10.3386/w13171
来源ID	Working Paper 13171
	Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth
	Randall Morck; Masao Nakamura
发表日期	2007-06-11
出版年	2007
语种	英语
摘要	Rosenstein-Rodan (1943) and others posit that rapid development requires a 'big push' -- the coordinated rapid growth of diverse complementary industries, and suggests a role for government in providing such coordination. We argue that Japan's zaibatsu, or pyramidal business groups, provided this coordination after the Meiji government failed at the task. We propose that pyramidal business groups are private sector mechanisms for coordinating and financing 'big push' growth, and 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 otherwise entrenched first generation of wealthy industrialists; and remained open to foreign trade and capital.
主题	Financial Economics ; Corporate Finance ; Industrial Organization ; Firm Behavior ; History ; Macroeconomic History ; Financial History ; Development and Growth ; Development ; Innovation and R& ; D ; Country Studies ; Other ; Economic Systems
URL	https://www.nber.org/papers/w13171
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/570840
推荐引用方式 GB/T 7714	Randall Morck,Masao Nakamura. Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth. 2007.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w13171.pdf（744KB）	智库出版物		限制开放	CC BY-NC-SA	浏览