Financial intermediation and late development in Meiji Japan, 1868 to 1912
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Description
Was nineteenth-century Japan an example of finance-led growth? Using a new panel data set of firms from the Meiji period (1868–1912), this article tests whether financial sector development influenced extensive firm activity across industries and locations. Results from a two-stage least squares first difference model suggest that financial intermediation is associated with additional net firm establishment, particularly in light manufacturing sectors like textiles. The overall effect is muted...[Show more]
Collections | ANU Research Publications |
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Date published: | 2013-08 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/11587 |
Source: | Financial History Review 20. 2 (2013): 111-135 |
DOI: | 10.1017/S0968565013000085 |
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