筑波大学社会工学系　　　　　　　　　　　　　　　　　　　　　　　　    

         平成15年度　　ファカルティ・セミナー

                       (Faculty Seminar)

日　時　：　2003年10月2日(木)　　17:30-18:30

場　所　：　第三学群F棟　３C 201

講演者　：　原田　信行　[社団法人日本経済研究センター 経済分析部

副主任研究員]

司会者　：　金子　守

演　題　：　Productivity and Entrepreneurial Characteristics in New

Japanese Firms

                           ＜ abstract ＞

In this paper, we estimate the production function of new Japanese firms and examine whether the total factor productivity is affected by the human capital and gender of entrepreneurs. Empirical results show decreasing returns to scale of production, which verifies the assumption of production functions in many previous studies on entrepreneurship. Further, it is shown that the entrepreneur’s age has a significantly negative effect on productivity, and the negative effect increases after 60 years of age. Although related business experience before startup has a significantly positive effect, the magnitude is limited and cannot overcome the negative effect of age. The results indicate the importance of starting up while young, at the latest, before 60 years of age.