Companies that sustain the regions –Using big data to identify regional economic drivers
Japan's competitiveness and economic success is supported by the technological capability and human resources of leading local companies. Who are these companies driving regional economic prosperity? What is their contribution? What is their business model? How can they further help drive regional economic prosperity? The book “Companies that sustain the regions – using big data to identify regional economic drivers” provides insights on the above questions, and identifies the companies that are driving regional economic prosperity using Teikoku Data Bank’s (TDB) inter-firm transactions data.
Accelerating economic prosperity across Japan, especially in the regions outside of Tokyo, has been a key policy platform of the Government, especially against the backdrop of declining population and low economic growth. The Regional Future Investment Promotion Act (2017), one policy measure in increasing economic prosperity, identifies and supports companies that are expected to lead regional economic growth.
The Ministry of Economy, Trade, and Industry (METI) in collaboration with TDB utilized firm-level big data, to identify the future regional drivers. A total of 2,148 companies were selected on the basis of 6 indicators complied using TDB’s inter-firm transactions data and also by the recommendation of local officials such as municipalities, commerce and industry groups and financial institutions. The selected companies are expected to take up various support measures offered under the Regional Future Investment Promotion Act (2017) to further develop their business and become more active in generating regional economic prosperity.
In addition to outlining the motivation and methodology used in the selecting the companies that drive regional economic prosperity, the book provides an in-depth case study of 8 companies including their business model, management practices and the degree of contribution to the regions success. The analysis provides unique insights on the companies that are sustaining the regions and driving economic prosperity.
The book is structured as follows:
Chapter 1 – Using big data to gauge business activity
Chapter 2 – Evidenced-based policy-making and the selection of companies that sustain and drive the region
Chapter 3 – The case study of eight companies that were identified as regional economic drivers
Chapter 4 – From macro to micro analysis – industry and company analysis
Chapter 5 – Participants in distribution networks and Q&A with House of Representative, Masaaki Taira
For more information on the book, please see this site.
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