Yukichi MANO
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Yukichi MANO

I am a Ph.D. candidate in the Department of Economics at the University of Chicago. I am on the Job Market this year and I will be attending the 2007 ASSA Meeting in Chicago in January. My main fields of research are development economics, growth theory, industrial organization, and applied price theory. My current research is to understand the mechanism of industrial development.

  • Job market paper: Abstract: We consider the role of marketing in the growth of new industrial clusters in China and Japan. Case studies suggest that as firms improve product quality, they switch from anony- mous transactions through marketplaces or local traders to direct transactions with customers. The data is consistent with a model where an industrial cluster generates a business envi- ronment where innovative investment benefits from low transaction costs and local external economies. Our model explains that firms switch marketing methods to resolve the asymmetric information problem in product quality. We estimate model parameters based on the data for three industries: the electric appliance industry in Wenzhou, China, the child clothing industry in Jili, China, and the work clothing industry in Bingo, Japan. The estimated model closely fits the evolution of the industries. The policy experiments suggest that the establishment of mar- ketplaces and the formation of industrial clusters significantly contributed to the development of these industries.

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ymano@uchicago.edu .