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The optimal degree of competition and dynamic efficiency in Japan and Korea

Identifieur interne : 003860 ( Istex/Curation ); précédent : 003859; suivant : 003861

The optimal degree of competition and dynamic efficiency in Japan and Korea

Auteurs : Alice H. Amsden [États-Unis] ; Ajit Singh [Royaume-Uni]

Source :

European Economic Review [ 0014-2921 ] ; 1994.

RBID : ISTEX:725D104876F643D83E46AB3AFD99D81A94E3CB57

Descripteurs français

Wicri :
- topic : Cartel, Politique de la concurrence, Analyse économique, Développement économique, Croissance économique, Concentration industrielle, Politique industrielle, Commerce international, Politique commerciale.

English descriptors

Abstract

Abstract: This paper is concerned with the neglected role of competition policy in East Asian development. Michael Porter considers Japan's development to have benefitted from intense competition among firms. By contrast. Caves and Uekusa criticize MITI's role in creating recession cartels and entry barriers, which are thought to have resulted in allocative inefficiency. This paper argues that competition policy in both Japan and Korea was oriented towards creating dynamic efficiency (the highest long term productivity growth rate). It did so by measures, operating at both the industry and firm level, which sometimes restricted competition and sometimes encouraged it.

Url:

https://api.istex.fr/document/725D104876F643D83E46AB3AFD99D81A94E3CB57/fulltext/pdf

DOI: 10.1016/0014-2921(94)90130-9

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Le document en format XML

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<author><name sortKey="Singh, Ajit" sort="Singh, Ajit" uniqKey="Singh A" first="Ajit" last="Singh">Ajit Singh</name>
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<affiliation><mods:affiliation>∗ Corresponding author. We are greatly indebted to Mr. Takashi Hikino for many helpful suggestions, and for drawing our attention to important sources of data on industrial concentration in Japan. The usual disclaimer applies.</mods:affiliation>
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<term>Apparent paradox</term>
<term>Business groups</term>
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<term>Competition policy</term>
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<term>Concentration ratios</term>
<term>Conventional paradigm</term>
<term>Domestic competition</term>
<term>Dynamic efficiency</term>
<term>East asian development</term>
<term>Economic analysis</term>
<term>Economic development</term>
<term>Economic growth</term>
<term>Economic openness</term>
<term>Fair trade commission</term>
<term>Foreign competition</term>
<term>Game theoretic models</term>
<term>General trading company</term>
<term>High growth period</term>
<term>High rates</term>
<term>Industrial concentration</term>
<term>Industrial organisation</term>
<term>Industrial organization</term>
<term>Industrial policies</term>
<term>Industrial policy</term>
<term>International competitiveness</term>
<term>International trade</term>
<term>Japanese companies</term>
<term>Japanese economy</term>
<term>Japanese experience</term>
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<term>Japanese government</term>
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<term>Korean case</term>
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<term>Apparent paradox</term>
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<term>Competition policy</term>
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<term>Concentration ratios</term>
<term>Conventional paradigm</term>
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<term>Dynamic efficiency</term>
<term>East asian development</term>
<term>Economic analysis</term>
<term>Economic development</term>
<term>Economic growth</term>
<term>Economic openness</term>
<term>Fair trade commission</term>
<term>Foreign competition</term>
<term>Game theoretic models</term>
<term>General trading company</term>
<term>High growth period</term>
<term>High rates</term>
<term>Industrial concentration</term>
<term>Industrial organisation</term>
<term>Industrial organization</term>
<term>Industrial policies</term>
<term>Industrial policy</term>
<term>International competitiveness</term>
<term>International trade</term>
<term>Japanese companies</term>
<term>Japanese economy</term>
<term>Japanese experience</term>
<term>Japanese firms</term>
<term>Japanese government</term>
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<term>Korean government</term>
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<term>Largest manufacturing firms</term>
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<term>Market competition</term>
<term>Maximum competition</term>
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<term>Miracle years</term>
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<term>Oligopolistic rivalry</term>
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<term>Technological progress</term>
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<term>World bank</term>
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<front><div type="abstract" xml:lang="en">Abstract: This paper is concerned with the neglected role of competition policy in East Asian development. Michael Porter considers Japan's development to have benefitted from intense competition among firms. By contrast. Caves and Uekusa criticize MITI's role in creating recession cartels and entry barriers, which are thought to have resulted in allocative inefficiency. This paper argues that competition policy in both Japan and Korea was oriented towards creating dynamic efficiency (the highest long term productivity growth rate). It did so by measures, operating at both the industry and firm level, which sometimes restricted competition and sometimes encouraged it.</div>
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The optimal degree of competition and dynamic efficiency in Japan and Korea

The optimal degree of competition and dynamic efficiency in Japan and Korea

Source :

Descripteurs français

English descriptors

Abstract

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Links to Exploration step

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