Abstract
Despite the setback caused by the Second World War, Japan’s modern economic growth has continued from the mid-1880s until the present day—in other words for a full century. The purpose of this chapter is to survey the process of modern economic growth by discussing the level and changes of the growth rate of gnp. In Section 3.1 we put forward a theory (the ‘relative backwardness hypothesis’) to explain why Japan’s economic growth rate in this period has been higher than the growth rates of the developed countries of the west. In Section 3.2 we analyze cyclical fluctuations in the growth rate, particularly ‘long swings’, looking at historical events and their relationship with the ‘upswings’ and ‘downswings’. In Section 3.3 we turn our attention to long-term trends for the growth rate, and the phenomenon of ‘trend acceleration’.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Further Reading
Trend acceleration: Ohkawa and Rosovsky, 1973, chs 2 and 8
Long swings and business cycles: Fujino, 1966; 1968 Ohkawa and Rosovsky, 1962 Shinohara, 1962, part 2; 1982, ch. 11
Pre-war and wartime economic growth: Allen, 1972 Cohen, 1949 Lockwood, 1968, ch. 2 Nakamura, 1983
Post-war economic growth: Allen, 1965; 1972, supplementary chapter Kōsai and Ogino, 1984 Nakamura, 1981 Patrick and Rosovsky, 1976b
Author information
Authors and Affiliations
Copyright information
© 1986 The Oriental Economist
About this chapter
Cite this chapter
Minami, R. (1986). An Analysis of the Growth Rate during Modern Economic Growth. In: The Economic Development of Japan. Studies in the Modern Japanese Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-18509-2_3
Download citation
DOI: https://doi.org/10.1007/978-1-349-18509-2_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-38583-8
Online ISBN: 978-1-349-18509-2
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)