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Japan and the Great Divergence, 725-1874

Author

Listed:
  • Bassino, Jean-Pascal

    (IAO, ENS de Lyon)

  • Broadberry, Stephen

    (London School of Economics)

  • Fukao, Kyoji

    (Hitotsubashi University)

  • Gupta, Bishnupriya

    (University of Warwick)

  • Takashima, Masanori

    (Hitotsubashi University)

Abstract

Japanese GDP per capita grew at an annual rate of 0.04 per cent between 725 and 1874, but the growth was episodic, with the increase in per capita income concentrated in three periods, 1150-1280, 1450-1600 and after 1730, interspersed with periods of stable per capita income. There is a similarity here with the growth pattern of Britain. The first countries to achieve modern economic growth at opposite ends of Eurasia thus shared the experience of an early end to growth reversals. However, Japan started at a lower level than Britain and grew more slowly until the Meiji Restoration.

Suggested Citation

  • Bassino, Jean-Pascal & Broadberry, Stephen & Fukao, Kyoji & Gupta, Bishnupriya & Takashima, Masanori, 2015. "Japan and the Great Divergence, 725-1874," CAGE Online Working Paper Series 230, Competitive Advantage in the Global Economy (CAGE).
  • Handle: RePEc:cge:wacage:230
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    File URL: http://www2.warwick.ac.uk/fac/soc/economics/research/centres/cage/manage/publications/230-2015__broadberry_gupta.pdf
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    References listed on IDEAS

    as
    1. Robert C. Allen & Jean‐Pascal Bassino & Debin Ma & Christine Moll‐Murata & Jan Luiten Van Zanden, 2011. "Wages, prices, and living standards in China, 1738–1925: in comparison with Europe, Japan, and India," Economic History Review, Economic History Society, vol. 64(s1), pages 8-38, February.
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    4. Lennart Schon & Olle Krantz, 2012. "The Swedish economy in the early modern period: constructing historical national accounts," European Review of Economic History, Oxford University Press, vol. 16(4), pages 529-549, November.
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    Cited by:

    1. Broadberry, Stephen & Custodis, Johann & Gupta, Bishnupriya, 2015. "India and the great divergence: An Anglo-Indian comparison of GDP per capita, 1600–1871," Explorations in Economic History, Elsevier, vol. 55(C), pages 58-75.
    2. Baomin Dong & Jiong Gong & Kaixiang Peng & Zhongxiu Zhao, 2015. "Little Divergence: Evidence from Cotton Textiles in Japan and China 1868–1930," Review of Development Economics, Wiley Blackwell, vol. 19(4), pages 776-796, November.
    3. Peter H. Lindert, 2016. "Purchasing Power Disparity before 1914," NBER Working Papers 22896, National Bureau of Economic Research, Inc.
    4. Stephen Broadberry & Hanhui Guan & David Daokui Li, 2017. "China, Europe and the Great Divergence: A Study in Historical National Accounting, 980-1850," Oxford Economic and Social History Working Papers _155, University of Oxford, Department of Economics.
    5. Stephen Broadberry & Bruce Campbell & Alexander Klein & Mark Overton & Bas van Leeuwen, 2012. "British Economic Growth, 1270-1870: an output-based approach," Studies in Economics 1203, School of Economics, University of Kent.
    6. Broadberry, Stephen, 2013. "Accounting for the great divergence," Economic History Working Papers 54573, London School of Economics and Political Science, Department of Economic History.
    7. Andersson, Fredrik N. G. & Lennard, Jason, 2016. "Irish GDP between the Famine and the First World War: Estimates Based on a Dynamic Factor Model," Working Papers 2016:13, Lund University, Department of Economics, revised 16 Jan 2018.
    8. Broadberry, Stephen & Ghosal, Sayantan & Proto, Eugenio, 2017. "Anonymity, efficiency wages and technological progress," Journal of Development Economics, Elsevier, vol. 127(C), pages 379-394.
    9. Saito, Osamu & Takashima, Masanori, 2015. "Estimating the shares of secondary- and tertiary-sector output in the age of early modern growth: the case of Japan, 1600-1874," RCESR Discussion Paper Series DP15-4, Research Center for Economic and Social Risks, Institute of Economic Research, Hitotsubashi University.
    10. Jutta Bolt & Jan Luiten Zanden, 2014. "The Maddison Project: collaborative research on historical national accounts," Economic History Review, Economic History Society, vol. 67(3), pages 627-651, August.
    11. repec:oup:ereveh:v:20:y:2016:i:3:p:368-386. is not listed on IDEAS
    12. repec:bla:ozechr:v:57:y:2017:i:3:p:368-393 is not listed on IDEAS
    13. Rafael, Dobado-González & Alfredo, García-Hiernaux & David, Guerrero-Burbano, 2013. "West versus East: Early Globalization and the Great Divergence," MPRA Paper 48773, University Library of Munich, Germany.
    14. Sarah Guilland Carmichael & Jan Luiten van Zanden, 2015. "Towards an ethnographic understanding of the European Marriage Pattern: Global correlates and links with female status," Working Papers 0067, Utrecht University, Centre for Global Economic History.
    15. Yi Xu & Zhihong Shi & Bas Leeuwen & Yuping Ni & Zipeng Zhang & Ye Ma, 2017. "Chinese National Income, ca. 1661–1933," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(3), pages 368-393, November.
    16. MA, Ye & JONG, Herman de, 2016. "Unfolding the Turbulent Century: A Reconstruction of China's Economic Development, 1840-1912," Discussion paper series HIAS-E-29, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.

    More about this item

    Keywords

    Japan ; Great Divergence ; GDP per capita ; growth reversals ; Britain JEL classification: N10 ; N30 ; N35 ; O10 ; O57;

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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