Research Programs: Special Projects

Economic Regime Changes and Their Implications on Firm Dynamics and Productivity

Project Leader/Sub-Leader

OKAZAKI Tetsuji

OKAZAKI Tetsuji (Faculty Fellow)

Leader

Overview

It has been attracting the interest of economists that an economic regime affects the productivity and dynamics of firms, and thereby the macro-economy. Economists have focused on various elements of economic regimes such as financial constraints, distortions of the tax system and market access costs as the barriers that cause stagnation of underdeveloped countries. Based on the literature, this project studies the impacts of economic regime changes in Japan on firm dynamics and productivity. Japan has experienced a number of regime changes including the opening of the country in 1859, transition to a planned economy in the late 1930s, and return to a market economy in 1949. We analyze the economic impacts of these regime changes to gain new insights and policy implications for designing a new regime for future economic growth.

July 22, 2024 - December 31, 2026

(During the research project period, the research activity period is set from July 22, 2024 , to June 30, 2026, and the data usage reporting period is set from July 1, 2026 to December 31, 2026.)