| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26665 |
| 来源ID | Working Paper 26665 |
| Product Innovation, Product Diversification, and Firm Growth: Evidence from Japan\u2019s Early Industrialization | |
| Serguey Braguinsky; Atsushi Ohyama; Tetsuji Okazaki; Chad Syverson | |
| 发表日期 | 2020-01-20 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We explore how firms grow by adding products. In contrast to most earlier work on the topic, our conceptual and empirical framework allows for separate treatment of product innovation (vertical differentiation) and diversification (horizontal differentiation). The market context is Japan’s cotton spinning industry at the turn of the last century. We find that introducing innovative products outside of the previously feasible set involves removing the “supply-side constraint” by investing in new types of machines and technologies. This process involves a high degree of uncertainty, however, so firms that take steps in this direction tend to first introduce innovative products on experimental basis. We show that conducting such experiments is a key to firm growth. It not only provides opportunities to capture the market in high-end vertically differentiated products when successful, but also facilitates horizontal differentiation of the firm’s products within its previous technical capabilities. In long-term outcomes over 20 years, the right tail of the firm size distribution becomes dominated by firms that were able to expand in both directions: moving first into technologically challenging vertically differentiated products, and then later applying their newly acquired high-end technical competence to horizontal expansion of their product portfolios. |
| 主题 | Microeconomics ; Households and Firms ; Industrial Organization ; Market Structure and Firm Performance ; History ; Other History ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w26665 |
| 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/584339 |
| 推荐引用方式 GB/T 7714 | Serguey Braguinsky,Atsushi Ohyama,Tetsuji Okazaki,et al. Product Innovation, Product Diversification, and Firm Growth: Evidence from Japan\u2019s Early Industrialization. 2020. |
| 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 | ||
| w26665.pdf（648KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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