Since 2014
Political and Economic Opening as a Post-Crisis Strategy for Japan
Journal Transition Studies Review
View Archive Info| Field | Value | |
| Title |
Political and Economic Opening as a Post-Crisis Strategy for Japan
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| Creator |
Andreosso-O’Callaghan, Bernadette
Jaussad, Jacques Zolin, M. Bruna |
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| Subject |
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Economic growth; Japan; Trade balance; Technological change; Labour market; population; Energy production O11; J11; H50; M14; N15 |
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| Description |
In economics literature, the sources of economic growth in general and in Japan in particular have been appraised either from the supply-side, with the emphasis on capital accumulation, labour, total factor productivity and – given the advent of the new growth models – on technological change, or from the demand side. The study on Japanese growth by Chenery et al. (1962) was an early demand-based study that looked at the drivers of economic growth and structural change over the period 1914-1954. Using input-output methods and taking into account the contribution of technological change11 over this long-time period, the authors found two distinct early sub-periods of economic growth: the 1914-1935 and the 1935-1954 sub-periods. The first (1914-1935) is characterised by a rise in domestic income (by 4.5 per cent per annum) with large increases in exports. The second (1935-1954) is marked by the loss of colonial supplies of raw materials and by a substantial fall in exports; this second sub-period is also marked by import substitution policies and by the rising importance of technological change. The findings for the first sub-period mirror Japan’s emergence as an economic and geostrategic power, affirming first its colonial ambitions in East-Asia through the development of its many manufacturing networks, in the region as a whole and in Korea in particular (Inkster, 2001).
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| Publisher |
Journal Transition Studies Review
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| Contributor |
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| Date |
2018-02-04
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://transitionacademiapress.org/jtsr/article/view/191
10.14665/1614-4007-24-2-001 |
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| Source |
Journal Transition Studies Review; Vol 24, No 2 (2017); 3-5
1614-4015 1614-4007 |
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| Language |
eng
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| Relation |
http://transitionacademiapress.org/jtsr/article/view/191/124
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| Coverage |
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| Rights |
Copyright (c) 2018 Journal Transition Studies Review
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