59 research outputs found

    Industrial Policy, Innovation Policy, and Japanese Competitiveness

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    Japan faces significant challenges in encouraging innovation and entrepreneurship. Attempts to formally model past industrial policy interventions uniformly uncover little, if any, positive impact on productivity, growth, or welfare. The evidence indicates that most resource flows went to large, politically influential “backward” sectors, suggesting that political economy considerations may be central to the apparent ineffectiveness of Japanese industrial policy. Rather than traditional industrial or science and technology policy, financial and labor market reforms appear more promising. As a group, Japan’s industrial firms are competitive relative to their foreign counterparts. Japan falls behind in the heavily regulated service sector. The problems are due less to a lack of industrial policy than to an excess of regulation. Japan may have more to gain through restructuring the lagging service sector than by expending resources in pursuit of marginal gains in the industrial sector.Japan, industrial policy, innovation policy

    Variations on the Theme of Conning in Mathematical Economics

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    The mathematization of economics is almost exclusively in terms of the mathematics of real analysis which, in turn, is founded on set theory (and the axiom of choice) and orthodox mathematical logic. In this paper I try to point out that this kind of mathematization is replete with economic infelicities. The attempt to extract these infelicities is in terms of three main examples: dynamics, policy and rational expectations and learning. The focus is on the role and reliance on standard xed point theorems in orthodox mathematical economics

    Amartya Sens Beitrag zu den Wirtschaftswissenschaften: Anmerkungen zum Nobelpreis 1998

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    Den diesjährigen Nobelpreis für Wirtschaftswissenschaften hat der Inder Amartya Sen für seine grundlegenden Beiträge zur Wohlfahrtsökonomik, zur Einkommensverteilung und zur Analyse von Hunger und Armut erhalten. Einen Überblick über die Arbeiten von Amartya Sen gibt Dr. Hans-Peter Weikard. --

    The global commercial space launch industry : Japan in comparative perspective

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    Available in PDF from the MIT Japan Program Website. -- On Website, this working paper is listed as 01-08"Date of publication: July 16, 2001"--T.p. verso. "MIT International Science and Technology Initiatives"--Cover.Includes bibliographical references (p. 26-31).Saadia M. Pekkanen
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