Japan And The Great Divergence, 725-1874

Stephen Broadberry, Jean-Pascal Bassino (), Bishnupriya Gupta, Masanori Takashima and Kyoji Fukao

No 10569, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Japanese GDP per capita grew at an annual rate of 0.04 per cent between 725 and 1874, but the growth was episodic, with the increase in per capita income concentrated in three periods, 1150-1280, 1450-1600 and after 1730, interspersed with periods of stable per capita income. There is a similarity here with the growth pattern of Britain. The first countries to achieve modern economic growth at opposite ends of Eurasia thus shared the experience of an early end to growth reversals. However, Japan started at a lower level than Britain and grew more slowly until the Meiji Restoration.

Keywords: Japan; Great divergence; Gdp per capita; Growth reversals; Britain (search for similar items in EconPapers)
JEL-codes: N10 N30 N35 O10 O57 (search for similar items in EconPapers)
Date: 2015-05
New Economics Papers: this item is included in nep-gro and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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