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Growth Theory and Japan’s GDP Growth Rates

Author

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  • LIM Chong Yah

    (Division of Economics, Nanyang Technological University, Singapore 637332, Singapore)

Abstract

The Trinity Growth Theory, which consists of the EGOIN Theory, the Triple C Theory and the S Curve Theory, is an elegant composite theory to explain (1) why growth levels differ among nations, (2) why growth rates also differ among nations, (3) why growth levels and growth rates differ among provinces and cities within the same nation, and (4) why growth levels and growth rates differ inter-temporally as well. Using the Trinity Growth Theory, Professor Lim Chong Yah explains the transformation of the Japanese economy following the Meiji Restoration in 1868, the rapid and impressive rebuilding of the shattered Japanese economy after the War World II, and the slowing down of the Japanese GDP growth rates after late 1980s. Professor Lim then uses the Trinity Growth Theory to attempt to predict the future of the Japanese economy.

Suggested Citation

  • LIM Chong Yah, 2012. "Growth Theory and Japan’s GDP Growth Rates," Economic Growth Centre Working Paper Series 1202, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    • Handle: RePEc:nan:wpaper:1202
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    File URL: http://www3.ntu.edu.sg/hss2/egc/wp/2012/2012-02.pdf
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    More about this item

    Keywords

    Growth theory; Japan;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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