The Process of Long-Term Growth Before the Meiji Restoration

Juro Teranishi ()
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Juro Teranishi: Hitotsubashi University

Chapter 3 in Culture and Institutions in the Economic Growth of Japan, 2020, pp 71-119 from Springer

Abstract: Abstract The purpose of this chapter is to provide a macro-economic overview of the long-term growth process in Japan before the Meiji Restoration. Through an examination of GDP series and its industrial composition, it is contended that the growth process is composed of two salient phases, before and during the Tokugawa era. The reasons for growth are investigated with respect to three factors that comprise major themes in the existing literature, technical progress in agriculture, the incentive effects of property rightsProperty right and the role of the development of commerce.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:stechp:978-4-431-55627-5_3

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DOI: 10.1007/978-4-431-55627-5_3

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