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Business ownership and unemployment in Japan

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dc.creator van Acht, Joost
dc.creator Stam, Joop
dc.creator Thurik, A. Roy
dc.creator Verheul, Ingrid
dc.date 2004
dc.date.accessioned 2013-10-16T07:07:43Z
dc.date.available 2013-10-16T07:07:43Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19954
dc.identifier ppn:38492557X
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19954
dc.description The influence of industrial structure, more specifically of business ownership, is investigated on the level of unemployment in Japan. The question is to what extent business ownership, i.e., entrepreneurship, can reduce the level of unemployment. It will be concluded that Japan is hardly an outlier when using a simple model of the relationship between unemployment and the rate of business ownership. The model is calibrated using recent data of 23 OECD countries. It shows a minor underestimation of the rise in unemployment in Japan in the period 1984-2002. Arguments are brought forward why this might be the case. We argue that small firms in Japan have benefitted in the past from the protective environment of the keiretsu structure. In the current process of industrial restructuring, keiretsu support is dissipating, but has not yet been adequatly replaced with a market environment conducive to the establishment and growth of entrepreneurial firms. The underestimation of the rise in unemployment is a reflection of the limited access of small firms to the market in Japan.
dc.language eng
dc.relation Papers on entrepreneurship, growth and public policy 0904
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject L50
dc.subject O30
dc.subject O10
dc.subject L16
dc.subject M13
dc.subject E24
dc.subject ddc:330
dc.subject entrepreneurship
dc.subject business ownership
dc.subject unemployment
dc.subject economic growth
dc.subject Japan
dc.subject Unternehmen
dc.subject Eigentümerstruktur
dc.subject Arbeitslosigkeit
dc.subject Japan
dc.title Business ownership and unemployment in Japan
dc.type doc-type:workingPaper


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