Add to ORKGIn this paper, we study the structural change occurring in Japan's post-World War II era of rapid economic growth. We use a two-sector neoclassical growth model with government policies to analyze the evolution of the Japanese economy in this period and to assess the role of such policies. Our model is able to replicate the empirical behavior of the main macroeconomic variables. Three findings emerge from our policy analysis. First, neither price and investment subsidies to the agricultural sector, nor industrial policy play a crucial role in the rapid postwar growth. Second, while a government subsidy for families in urban areas could have facilitated migration from the agricultural to the non-agricultural sector, such a policy would not h...
Our main result is the following: during the high-speed growth era, from 1955 to 1973, the investmen...
This paper traces movements of saving and investment in the Japanese economy over the four decades a...
Two key features of the postwar Japanese economy are the rapid economic growth during the 1960's and...
In this paper, we study the structural change occurring in Japan’s post-World War II era of rapid ec...
This paper uses a modified Harrodian model to understand both the long period of rapid Japanese grow...
In economics literature, the sources of economic growth in general and in Japan in particular have b...
In economics literature, the sources of economic growth in general and in Japan in particular have b...
In economics literature, the sources of economic growth in general and in Japan in particular have b...
Japan was the first non-western country to accomplish successful industrialization, and the dominant...
This paper uses a modified Harrodian model to understand both the long period of rapid Japanese grow...
Our main result is the following: during the high-speed growth era, from 1955 to 1973, the investmen...
Despite the many economic studies documenting the problems governments face in trying to control or ...
"I'm going to focus mainly on macro-economic policies, which I realize is not necessarily typical of...
Despite the many economic studies documenting the problems governments face in trying to control or ...
The question we address in this paper is why the Japanese miracle didn’t take place until after Worl...
Our main result is the following: during the high-speed growth era, from 1955 to 1973, the investmen...
This paper traces movements of saving and investment in the Japanese economy over the four decades a...
Two key features of the postwar Japanese economy are the rapid economic growth during the 1960's and...
In this paper, we study the structural change occurring in Japan’s post-World War II era of rapid ec...
This paper uses a modified Harrodian model to understand both the long period of rapid Japanese grow...
In economics literature, the sources of economic growth in general and in Japan in particular have b...
In economics literature, the sources of economic growth in general and in Japan in particular have b...
In economics literature, the sources of economic growth in general and in Japan in particular have b...
Japan was the first non-western country to accomplish successful industrialization, and the dominant...
This paper uses a modified Harrodian model to understand both the long period of rapid Japanese grow...
Our main result is the following: during the high-speed growth era, from 1955 to 1973, the investmen...
Despite the many economic studies documenting the problems governments face in trying to control or ...
"I'm going to focus mainly on macro-economic policies, which I realize is not necessarily typical of...
Despite the many economic studies documenting the problems governments face in trying to control or ...
The question we address in this paper is why the Japanese miracle didn’t take place until after Worl...
Our main result is the following: during the high-speed growth era, from 1955 to 1973, the investmen...
This paper traces movements of saving and investment in the Japanese economy over the four decades a...
Two key features of the postwar Japanese economy are the rapid economic growth during the 1960's and...