The Theory of Growth in a Corporate Economy
Management, Preference, Research and Development, and Economic Growth
By (author) Hiroyuki Odagiri
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Theory of Growth in a Corporate Economy by Hiroyuki Odagiri
Book DescriptionThis book investigates the growth of an economy with management-controlled corporations. It begins by studying the behaviour of a corporation whose management maximizes the rate of growth constrained by the threat of takeover, and in which research and development efforts are made to raise labour productivity. The growth of an economy consisting of a limited number of such corporations is then analysed. In this economy the stocks of corporations are the sole means of wealth-holding available to households. This theory is compared with other well-established growth theories, and some extensions of the basic theory, including policy implications, are also presented. The book contains many important innovative features: the combination of micro- and macro-economic analyses, the consideration of research and development activity, and the role of corporate stocks in economic growth. These features contribute to the major conclusion that the behaviour of management - a product of its preferences and of its environment - is an important factor in economic growth. Applying this conclusion to compare corporate growth in Japan and the United States, the author finds that the Japanese business environment makes management pursue corporate growth more vigourously than in the United States.
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Book DetailsISBN: 9780521068314
(228mm x 152mm x 14mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 10-Jul-2008
Country of Publication: United Kingdom
Books By Author Hiroyuki Odagiri
Intellectual Property Rights, Development, and Catch Up, Paperback (February 2012)
For most countries, economic development involves 'catching up' with leading countries. This needs more than physical assets and labour: it requires technological capabilities, educational attainment, entrepreneurship, and development of the necessary institutional infrastructure, including intellectual property rights, particularly patents.
Innovation in Japan, Hardback (May 1997)
Technology is a key factor in global industrial competition, and Japan's national system of technological innovation has been vital to the economic success of the country since World War II. This book examines the historical development of the system, including the influence of the public sector.
Technology and Industrial Development in Japan, Hardback (September 1996)
This monograph study of Japan's industrial development focuses on the role of entrepreneurship in adopting more advanced Western technology and in innovating new technologies and developing human resources according to its changing organizational needs.
Growth Through Competition, Competition Through Growth, Paperback (May 1994)» View all books by Hiroyuki Odagiri
An examination of the pursuit of growth and the intensive competition within and between Japanese firms, this title looks at how they interact and how they affect economic efficiency, stability, and dynamism. He avoids popular cultural/sociological explanations and applies economic principles to understanding the Japanese firm.
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