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Economic growth in the Lower Yangzi region of China in 1911–1937: a quantitative and historical analysis

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  • Debin Ma
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    Abstract

    Through a detailed reconstruction of 1933 GDP for the two provinces in China's most advanced region, the Lower Yangzi, I show that their per capita income was 55 percent higher than China's average, and they had experienced a growth and structural change between 1914–1918 and 1931–1936 comparable to contemporaneous Japan and her East Asian colonies. This article highlights the unique political institution of early-twentieth-century Shanghai as a city state, with its rule of law and secure property rights laying the foundation for economic growth in the Lower Yangzi with long-term impact throughout East Asia.

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    File URL: http://eprints.lse.ac.uk/32398/
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    Bibliographic Info

    Paper provided by London School of Economics and Political Science, LSE Library in its series LSE Research Online Documents on Economics with number 32398.

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    Date of creation: May 2008
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    Publication status: Published in Journal of Economic History, May, 2008, 68(2), pp. 355-392. ISSN: 0022-0507
    Handle: RePEc:ehl:lserod:32398

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    Cited by:
    1. Brandt, Loren & Ma, Debin & Rawski, Thomas, 2013. "From Divergence to Convergence: Re-evaluating the History Behind China’s Economic Boom," CAGE Online Working Paper Series 117, Competitive Advantage in the Global Economy (CAGE).
    2. Latika Chaudhary & Aldo Musacchio & Steven Nafziger & Se Yan, 2012. "Big BRICs, Weak Foundations: The Beginning of Public Elementary Education in Brazil, Russia, India, and China," NBER Working Papers 17852, National Bureau of Economic Research, Inc.
    3. Ma, Debin & Yuan, Weipeng, 2013. "Discovering Chinese Economic History from Footnotes: the Living Tale of a Private Merchant Archive (1800-1850)," CAGE Online Working Paper Series 164, Competitive Advantage in the Global Economy (CAGE).
    4. Yuan, Tangjun & Fukao, Kyoji & Wu, Harry X., 2010. "Comparative output and labor productivity in manufacturing between China, Japan, Korea and the United States for ca. 1935 - A production-side PPP approach," Explorations in Economic History, Elsevier, vol. 47(3), pages 325-346, July.

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