| Item type |
デフォルトアイテムタイプ（フル）その２(1) |
| 公開日 |
2026-01-22 |
| タイトル |
|
|
タイトル |
Sources of Productivity Growth by Firm Size and Causes of the Negative Exit Effect |
|
言語 |
en |
| 作成者 |
FUKAO, Kyoji
KIM, YoungGak
KWON, Hyeog Ug
|
| 寄与者 |
|
|
寄与者タイプ |
Editor |
|
|
姓名 |
TDB-CAREE (Graduate School of Economics Hitotsubashi University Teikoku Databank Center for Advanced Empirical Research on Enterprise and Economy) |
|
|
言語 |
en |
| アクセス権 |
|
|
アクセス権 |
open access |
|
アクセス権URI |
http://purl.org/coar/access_right/c_abf2 |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
productivity dynamics |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
firm size heterogeneity |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
negative exit effect |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
mergers and acquisitions |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
resource reallocation |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
total factor productivity |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
SMEs |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
Japan |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
This study examines the dynamics of total factor productivity (TFP) by firm size to clarify the recent drivers of productivity growth in the Japanese economy, utilizing firm-level financial data from Teikoku Databank (TDB) spanning the years 1999 to 2020. In particular, we examine Japan’s distinctive “negative exit effect” by differentiating among various types of firm exit, including bankruptcy, closure, dissolution, and mergers. Our analysis shows that while within-firm productivity improvements at large firms played a dominant role in driving productivity growth through the 2000s, reallocation effects have become increasingly important since the 2010s. Notably, a substantial share of high-productivity firms exited the market through mergers, accounting for nearly half of the overall negative exit effect. Furthermore, while TFP among acquiring firms tends to stagnate in the short term after mergers, their labor productivity shows a significant and sustained increase, likely driven by capital deepening. These findings provide new insights into the shifting drivers of productivity growth in Japan—from within-firm productivity growth to market-driven resource reallocation—as well as into firm-size heterogeneity and the role of mergers in shaping productivity dynamics. |
|
言語 |
en |
| 出版者 |
|
|
出版者 |
TDB-CAREE (Graduate School of Economics Hitotsubashi University Teikoku Databank Center for Advanced Empirical Research on Enterprise and Economy) |
| 日付 |
|
|
日付 |
2026-01 |
|
日付タイプ |
Issued |
| 言語 |
|
|
言語 |
eng |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_18gh |
|
資源タイプ |
technical report |
| 出版タイプ |
|
|
出版タイプ |
VoR |
|
出版タイプResource |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| 関連情報 |
|
|
関連タイプ |
isPartOf |
|
|
言語 |
en |
|
|
関連名称 |
TDB-CAREE Discussion Paper Series ; No. E-2025-03 |
| 関連情報 |
|
|
|
識別子タイプ |
URI |
|
|
関連識別子 |
http://www7.econ.hit-u.ac.jp/tdb-caree/index.html |
| ページ数 |
|
|
ページ数 |
35 |
| Sponsorship |
|
|
値 |
（株）帝国データバンク |
| Sponsorship |
|
|
値 |
The research was supported by Grants-in- Aid for Scientific Research (KAKENHI) 23K25519 and 23K20603. The authors would like to express their sincere gratitude for this support. |
| JEL |
|
|
値 |
O47 |
| JEL |
|
|
値 |
D24 |
| JEL |
|
|
値 |
L25 |
| JEL |
|
|
値 |
O53 |
| JEL |
|
|
値 |
G34 |
070careeDP-E-2503.pdf (1.3 MB)
