Globalization, Productivity and Plant Exit - Evidence from Japan -

執筆者 乾 友彦  (内閣府経済社会研究所 / 日本大学) /Richard KNELLER  (Nottingham University) /松浦 寿幸  (慶應義塾大学産業研究所) /Danny McGOWAN  (Nottingham University)
発行日/NO. 2009年9月  09-E-048




During the 1980s and 1990s, Japanese manufacturers began to relocate production from sites in Japan to low-wage East Asian countries such as China, Malaysia and Thailand. Imports of manufacturing goods increased substantially over the same period. This rapid rise in imports, and proliferation of globalization, has led to concerns among policymakers that firms and plants may close. The media portray foreign multinationals as closing down productive Japanese plants and relocating them elsewhere in Asia. We find that this is not the case. Equally, the plants that are closed are below average productivity and the exit component contributes a very small fraction to productivity growth (using both the GR and FHK methods). In short, plant exit has not been the reason for Japan's low productivity growth in the 1990s. Instead a lack of productivity growth within plants is identified as being the main cause.