Asia's 'Little Divergence' in the 20th Century: Evidence from PPP-based direct estimates of GDP per capita, 1913-1969
Jean-Pascal Bassino () and
Pierre van der Eng ()
No HIAS-E-28, Discussion paper series from Hitotsubashi Institute for Advanced Study, Hitotsubashi University
This paper uses expenditure-based PPPs to create direct estimates of GDP per capita for 12 Asian countries in comparable prices for six benchmark years during 1913-1969. The paper finds that levels of real GDP per capita were in several countries comparable to those in Japan in 1913. GDP per capita of Japan and other Asian countries diverged during and after World War I. The paper questions whether Asia's 'little divergence' between Japan and other Asian countries dates back to the late-18th century. It draws attention to the different resource endowments of Japan, China and India compared to other Asian countries, and their implications for the development trajectories of Asian countries. The paper also demonstrates that using historical PPP estimates yields estimates of GDP per capita that diverge from those based on retropolations of the single 1990 PPP-converted benchmark year. It concludes that historical estimates of PPPs are needed to confirm analyses of comparative economic performance based on GDP per capita data.
Keywords: Asia; PPPs; economic growth; Great Divergence; little divergence (search for similar items in EconPapers)
JEL-codes: N15 O47 P52 (search for similar items in EconPapers)
Pages: 60 p.
New Economics Papers: this item is included in nep-his and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hit:hiasdp:hias-e-28
Access Statistics for this paper
More papers in Discussion paper series from Hitotsubashi Institute for Advanced Study, Hitotsubashi University Contact information at EDIRC.
Bibliographic data for series maintained by Digital Resources Section, Hitotsubashi University Library ().