IDEAS home Printed from https://ideas.repec.org/a/bla/revinw/v18y1972i2p155-171.html
   My bibliography  Save this article

What Accounts For Japan'S High Rate Of Growth?

Author

Listed:
  • Hisao Kanamori

Abstract

The purpose of this paper is to investigate the sources of economic growth in Japan and to compare the results with those in the U.S. and Europe as studied by E. F. Denison. The method used by Denison is followed as far as possible. The character of this paper is of fact finding, and the interpretation of results or the originality of methodology is not dealt with here. The results may be summarized as follows. (1) Japan's growth rate is two times that of Europe and three times that of the United States. (2) The contributions of labor, capital, and the residual to economic growth are all higher for Japan than for the U.S. or Europe. (3) Factors which account for the higher contribution of labor to economic growth are (a) the higher rate of increase in employment, (b) less shortening of working hours, and (c) improved age and sex composition. (4) Factors which account for the higher contribution of capital to economic growth are a higher rate of increase in capital input and the high elasticity of production with respect to capital. (5) Other notable points include: (a) the contribution of education is lower for Japan; (b) the capital‐labor ratio in Japan increased remarkably; (c) capital's share of national income is higher; and (d) 60% of Japan's economic growth is accounted for by the residual.

Suggested Citation

  • Hisao Kanamori, 1972. "What Accounts For Japan'S High Rate Of Growth?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 18(2), pages 155-171, June.
    • Handle: RePEc:bla:revinw:v:18:y:1972:i:2:p:155-171
    DOI: 10.1111/j.1475-4991.1972.tb00856.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4991.1972.tb00856.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4991.1972.tb00856.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    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:bla:revinw:v:18:y:1972:i:2:p:155-171. 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: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/iariwea.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.