Capital Formation and its Sources

  • Ryōshin Minami
Part of the Studies in the Modern Japanese Economy book series


Economic activity has two sides — production of commodities and expenditure. In national income accounting, Gross National Product (GNP) represents the former and Gross National Expenditure (GNE) the latter. Chapters 4 and 5 analyzed production activity in agriculture and ‘industry’, the determinants of GNP. This and the next chapter analyze expenditure. This chapter deals with capital formation (investment).


Saving Rate Capital Formation Foreign Capital Gross National Product Fixed Capital Formation 
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Copyright information

© The Oriental Economist 1994

Authors and Affiliations

  • Ryōshin Minami
    • 1
  1. 1.Institute of Economic ResearchHitotsubashi UniversityTokyoJapan

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