IDEAS home Printed from https://ideas.repec.org/p/hst/ghsdps/gd11-231.html
   My bibliography  Save this paper

Asset Accumulation Behavior of Rural Households in the Reconstruction Period following the Showa Depression: A Panel Data Analysis Using the Third Period MAF Survey of Farm Household Economy

Author

Listed:
  • Motoi Kusadokoro
  • Takeshi Maru
  • Masanori Takashima

Abstract

This paper analyzes asset accumulation behavior of rural households using panel data extracted from the survey of farm household economy from 1931 to 1941 conducted by the Japanese Ministry of Agriculture and Forestry. The years we are concerned fall under the reconstruction period following the Showa Depression. During this period, farm households were confronted with the problem how they should allocate their farm surplus to each asset. The result shows that the operational land holding size was converging to the size around 2 Cho (approximately 19,835m2), as the previous literature indicated. Households mainly adjusted their operational farm size in response to changes in the household structure; however the land ownership structure did not affect the operational size. Households placed a greater emphasis on the accumulation of relatively high-liquid assets such as cash, quasi-money, animals, and in-kind stocks. In other words, they did not actively invest in fixed assets. Their choice indicates the existence of precautionary saving motive.

Suggested Citation

  • Motoi Kusadokoro & Takeshi Maru & Masanori Takashima, 2012. "Asset Accumulation Behavior of Rural Households in the Reconstruction Period following the Showa Depression: A Panel Data Analysis Using the Third Period MAF Survey of Farm Household Economy," Global COE Hi-Stat Discussion Paper Series gd11-231, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hst:ghsdps:gd11-231
    as

    Download full text from publisher

    File URL: http://gcoe.ier.hit-u.ac.jp/research/discussion/2008/pdf/gd11-231.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kurosaki, Takashi, 2013. "Dynamics of Household Assets and Income Shocks in the Long-run Process of Economic Development: The Case of Rural Pakistan," PRIMCED Discussion Paper Series 39, Institute of Economic Research, Hitotsubashi University.
    2. Takashi Kurosaki, 2013. "Dynamics of Household Assets and Income Shocks in the Long-run Process of Economic Development: The Case of Rural Pakistan," Asian Development Review, MIT Press, vol. 30(2), pages 76-109, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hst:ghsdps:gd11-231. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tatsuji Makino (email available below). General contact details of provider: https://edirc.repec.org/data/iehitjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.