The Role Of Sectoral Technical Change In Development: Japan 1880-1965
We constructed a relatively simple dynamic general equilibrium model with an agricultural and a nonagricultural sector along neoclassical lines. The economy is closed, but it is not too difficult to evaluate how the opening of the economy would affect the conclusions. The model relates technical change in the two sectors -- capital accumulation and labor and population growth -- to per capita income, sectoral outputs, allocation of resources, and terms of trade. Instead of simulating with the model we use it to measure the impact of the exogenous variables on the endogenous ones at different stages of the development of Japan, i.e., we trace structural changes in that economy.
|Date of creation:||1974|
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- Yamaguchi, Mitoshi, 1974. "Population Effects On The Economic Development Of Japan," Staff Papers 13780, University of Minnesota, Department of Applied Economics.
- Kelley, Allen C & Williamson, Jeffrey G, 1973. "Modeling Economic Development and General Equilibrium Histories," American Economic Review, American Economic Association, vol. 63(2), pages 450-458, May.
- Allen C. Kelley & Jeffery G. Williamson & Russell J. Cheetham, 1972. "Biased Technological Progress and Labor Force Growth in a Dualistic Economy," The Quarterly Journal of Economics, Oxford University Press, vol. 86(3), pages 426-447.
- Binswanger, Hans P. & Yamaguchi, Mitoshi, 1974. "Some Structural Changes In The United States And Japanese Economies," Staff Papers 13920, University of Minnesota, Department of Applied Economics.
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