Journal article
How did Japan catch‐up with the West? Some implications of recent revisions to Japan's historical growth record
- Abstract:
- Revised GDP data suggest that Japan was more than one‐third richer in 1874 than suggested by Maddison, and that Meiji period growth built on earlier development. Despite trend GDP per capita growth during the Tokugawa Shogunate, the catching‐up process only started after 1890 with respect to Britain, and after World War I with respect to the United States. Although catching‐up was driven by productivity growth in manufacturing, Japanese export success also depended on limiting the growth of real wages. Despite claims of a distinctive Asian path of labour‐intensive industrialisation, capital played an important role in the catching‐up process.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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(Preview, Version of record, pdf, 2.5MB, Terms of use)
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- Publisher copy:
- 10.1111/aehr.70012
Authors
+ Daiwa Anglo-Japanese Foundation
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- Funder identifier:
- https://ror.org/00ev6sa36
+ Great Britain Sasakawa Foundation
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- Funder identifier:
- https://ror.org/021aawt29
- Publisher:
- Wiley
- Journal:
- Asia-Pacific Economic History Review More from this journal
- Publication date:
- 2025-10-12
- Acceptance date:
- 2025-09-24
- DOI:
- EISSN:
-
2832157X
- ISSN:
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2832157X
- Language:
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English
- Keywords:
- Source identifiers:
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3365657
- Deposit date:
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2025-10-13
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