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Japan and the Great Divergence, 725-1874

Japan and the Great Divergence, 725-1874

230/2015 Jean-Pascal Bassino, Stephen Broadberry, Kyoji Fukao, Bishnupriya Gupta & Masanori Takashima
working papers,economic history
Explorations in Economic History
https://doi.org/10.1016/j.eeh.2018.11.005

230/2015 Jean-Pascal Bassino, Stephen Broadberry, Kyoji Fukao, Bishnupriya Gupta & Masanori Takashima

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.

Economic History

Explorations in Economic History

https://doi.org/10.1016/j.eeh.2018.11.005