Historical Sources of Institutional Trajectories in Economic Development : China, Japan, and Korea Compared
This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of East Asian economies as peasant-based economies in which small families allocated their working time between farming on small plotsâ€” leased or ownedâ€”and handcrafting for personal consumption and markets. It then compares institutional arrangements across these economies that sustained otherwise similar economies. It characterizes the varied nature of the political states of Qing China, Tokugawa Japan, and Yi Korea by focusing on the way in which agricultural taxes were enforced. It also identifies different patterns of social norms of trust that were institutional complements to, or substitutes for, political states. Finally, it traces the path-dependent transformations of these state-norm combinations along subsequent transitions to post-Malthusian phases of economic growth in the respective economies.
|Date of creation:||Nov 2012|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.eaber.org
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Oded Galor, 2005. "Unified Growth Theory," Development and Comp Systems 0504001, EconWPA.
- Fumio Hayashi & Edward C. Prescott, 2006.
"The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy,"
NBER Working Papers
12081, National Bureau of Economic Research, Inc.
- Fumio Hayashi & Edward C. Prescott, 2008. "The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy," Journal of Political Economy, University of Chicago Press, vol. 116(4), pages 573-632, 08.
- Aoki, Masahiko & Rothwell, Geoffrey, 2013.
"A comparative institutional analysis of the Fukushima nuclear disaster: Lessons and policy implications,"
Elsevier, vol. 53(C), pages 240-247.
- Masahiko Aoki & Geoffrey Rothwell, 2013. "A comparative institutional analysis of the Fukushima nuclear disaster: Lessons and policy implications," Chapters, in: Comparative Institutional Analysis, chapter 8, pages 105-132 Edward Elgar.
- Oded Galor, 2011. "Unified Growth Theory and Comparative Development," Rivista di Politica Economica, SIPI Spa, issue 2, pages 9-21, April-Jun.
- Allen,Robert C., 2009.
"The British Industrial Revolution in Global Perspective,"
Cambridge University Press, number 9780521687850.
- Allen,Robert C., 2009. "The British Industrial Revolution in Global Perspective," Cambridge Books, Cambridge University Press, number 9780521868273.
- Aoki, Masahiko, 2011.
"Institutions as cognitive media between strategic interactions and individual beliefs,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 79(1), pages 20-34.
- Aoki, Masahiko, 2011. "Institutions as cognitive media between strategic interactions and individual beliefs," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1-2), pages 20-34, June.
- Masahiko Aoki, 2013. "Institutions as cognitive media between strategic interactions and individual beliefs," Chapters, in: Comparative Institutional Analysis, chapter 17, pages 298-312 Edward Elgar.
- Jiahua Che & Yingyi Qian, 1998.
"Insecure Property Rights And Government Ownership Of Firms,"
The Quarterly Journal of Economics,
MIT Press, vol. 113(2), pages 467-496, May.
- Jiahua Che & Yingyi Qian, . "Insecure Property Rights and Government Ownership of Firms," Working Papers 97050, Stanford University, Department of Economics.
- Jiahua Che & Yingyi Qian, 1997. "Insecure Property rights and Government Ownership of Firms," William Davidson Institute Working Papers Series 51, William Davidson Institute at the University of Michigan.
- Aoki, Masahiko, 2012.
"The Five-Phases of Economic Development and Institutional Evolution in China and Japan,"
ADBI Working Papers
340, Asian Development Bank Institute.
- Masahiko Aoki, 2011. "The Five-Phases of Economic Development and Institutional Evolution in China and Japan," Development Economics Working Papers 23196, East Asian Bureau of Economic Research.
- Cha, Myung Soo & Kim, Nak Nyeon, 2012. "Korea's first industrial revolution, 1911–1940," Explorations in Economic History, Elsevier, vol. 49(1), pages 60-74.
- Ho, Jun Seong & Lewis, James B. & Han-Rog, Kang, 2008. "Korean Expansion and Decline from the Seventeenth to the Nineteenth Century: A View Suggested by Adam Smith," The Journal of Economic History, Cambridge University Press, vol. 68(01), pages 244-282, March.
- Herrmann-Pillath, Carsten, 2009. "Social capital, Chinese style: individualism, relational collectivism and the cultural embeddedness of the institutions-performance link," Frankfurt School - Working Paper Series 132, Frankfurt School of Finance and Management.
- Ma, Debin, 2012. "Political Institution and Long Run Economic Trajectory: Some Lessons from Two Millennia of Chinese Civilization," CEPR Discussion Papers 8791, C.E.P.R. Discussion Papers.
- Monderer, Dov & Shapley, Lloyd S., 1996. "Potential Games," Games and Economic Behavior, Elsevier, vol. 14(1), pages 124-143, May.
- Aoki, Masahiko, 2010. "Corporations in Evolving Diversity: Cognition, Governance, and Institutions," OUP Catalogue, Oxford University Press, number 9780199218530, March.
- Zelin, Madeleine, 2009. "The firm in early Modern China," Journal of Economic Behavior & Organization, Elsevier, vol. 71(3), pages 623-637, September.
- Rosenthal, Jean-Laurent & Wong, R. Bin, 2011. "Before and Beyond Divergence: The Politics of Economic Change in China and Europe," Economics Books, Harvard University Press, number 9780674057913.
When requesting a correction, please mention this item's handle: RePEc:eab:develo:23378. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shiro Armstrong)
If references are entirely missing, you can add them using this form.