Journal Article

Business start-ups in Japan: problems and policies

Y Imai and M Kawagoe

in Oxford Review of Economic Policy

Published on behalf of The Oxford Review of Economic Policy Ltd

Volume 16, issue 2, pages 114-123
Published in print June 2000 | ISSN: 0266-903X
Published online June 2000 | e-ISSN: 1460-2121 | DOI: http://dx.doi.org/10.1093/oxrep/16.2.114
Business start-ups in Japan: problems and policies

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  • Economic Development and Growth
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This paper argues that the comparatively low levels of business start-ups in Japan need not be a matter of concern in so far as the pattern of growth relying on existing companies persists. But the declining trend of start-up rates may be worrisome for it may indicate waning entrepreneurship and weakening mechanisms of resource reallocation and economic growth. Policy measures to promote business start-ups are not based on well-founded studies at an aggregate level, which are lacking in the absence of comparable data, but rather are inspired by the successful US experience. The paper looks into two specific areas of policy - private equity markets and bankruptcy - where important progress has been made, and points to further scope for improvement.

Journal Article.  0 words. 

Subjects: Economic Development and Growth ; Public Economics ; Political Economy ; Public Policy

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