Technological Leadership and Late Development: Evidence from Meiji Japan, 1868-1912

John P. Tang
Large family-owned conglomerates known as zaibatsu have long been credited with leading Japanese industrialization during the Meiji Period (1868-1912), despite a lack of empirical analysis. I develop a new dataset collected from corporate genealogies and estimate the likelihood of a firm being an industry pioneer with discrete choice econometric methods. I find that certain characteristics associated with zaibatsu increase the likelihood of leading entry into new industries. In particular, first entry probabilities increase with industry...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.