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Agricultural development in industrialising Japan, 1880–1940

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  • Yutaka Arimoto
  • Yoshihiro Sakane

Abstract

This study reviews research examining agricultural development in industrialising Japan. We focus on the (dys)functioning of markets for land, finance, labour and agricultural commodities. We cover topics including land (mis)allocation, size‐productivity relationships, tenancy contract choice and Marshallian inefficiency, property rights, microfinance, shock‐coping strategies, rural–urban migration and agricultural market integration. The literature reveals that market failures often observed in developing economies were not prominent, except for possibly labour markets. The literature also highlights the roles and administrative capacities of central and local governments. Tight local communities served to reduce transaction costs.

Suggested Citation

  • Yutaka Arimoto & Yoshihiro Sakane, 2021. "Agricultural development in industrialising Japan, 1880–1940," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 61(3), pages 290-317, November.
    • Handle: RePEc:bla:ozechr:v:61:y:2021:i:3:p:290-317
    DOI: 10.1111/aehr.12223
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    References listed on IDEAS

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    1. Liu, Xinyue & Wang, Xiaobing & Xu, Zhigang, 2023. "The polarization and constraints of scale farming in China under the impact of rising wages," Journal of Asian Economics, Elsevier, vol. 86(C).

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