IDEAS home Printed from https://ideas.repec.org/p/uto/dipeco/201207.html
   My bibliography  Save this paper

Growth and crisis in the Japanese economy

Author

Abstract

Japan’ economy has experienced a period of very rapid economic growth in the 1950-1973 years, a partial slowing down of the rate of growth up to the end of the 1980s and then a prolonged severe structural crisis in the last two decades. The paper gives an overview of Japan’s main economic trends and policies in the post-war period and tries explaining the period of rapid growth and the period of structural crisis with an interpretative framework that can in part account for both phases.

Suggested Citation

  • Valli Vittorio, 2012. "Growth and crisis in the Japanese economy," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201207, University of Turin.
    • Handle: RePEc:uto:dipeco:201207
    as

    Download full text from publisher

    File URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2012dip/7_wp_valli.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Takeo Hoshi & Anil K. Kashyap, 2004. "Japan's Financial Crisis and Economic Stagnation," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 3-26, Winter.
    2. Andrea Boltho & Maria Weber, 2009. "Did China follow the East Asian development model?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 6(2), pages 267-286, December.
    3. 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.
    4. Dore, Ronald, 2000. "Stock Market Capitalism: Welfare Capitalism: Japan and Germany versus the Anglo-Saxons," OUP Catalogue, Oxford University Press, number 9780199240616, Decembrie.
    5. Maddison, Angus, 2007. "Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History," OUP Catalogue, Oxford University Press, number 9780199227204, Decembrie.
    6. Andrea Boltho, 2011. "Italy, Germany, Japan: From Economic Miracles to Virtual Stagnation," Quaderni di storia economica (Economic History Working Papers) 14, Bank of Italy, Economic Research and International Relations Area.
    7. Ricardo J. Caballero & Takeo Hoshi & Anil K. Kashyap, 2008. "Zombie Lending and Depressed Restructuring in Japan," American Economic Review, American Economic Association, vol. 98(5), pages 1943-1977, December.
    8. Yoshikawa, Hiroshi, 1995. "Macroeconomics and the Japanese Economy," OUP Catalogue, Oxford University Press, number 9780198233268, Decembrie.
    9. Boltho, Andrea, 1996. "Was Japanese Growth Export-Led?," Oxford Economic Papers, Oxford University Press, vol. 48(3), pages 415-432, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Spyros Roukanas & Emmanouil Karakostas, 2019. "Is Japan a Pioneer in High Technology Exports?," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 22(73), pages 2-18, September.
    2. Sorin-George Toma & Paul Marinescu & Dragos Tohanean, 2018. "Cultural Dimensions Of Japanese Management," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 28(1), pages 17-23, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fernández-Amador, Octavio, 2016. "Finance-augmented business cycles: A robustness check," Papers 1038, World Trade Institute.
    2. Fiedler, Salomon & Gern, Klaus-Jürgen & Jannsen, Nils & Wolters, Maik H., 2019. "Growth prospects, the natural interest rate, and monetary policy," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 13, pages 1-34.
    3. Barseghyan, Levon, 2010. "Non-performing loans, prospective bailouts, and Japan's slowdown," Journal of Monetary Economics, Elsevier, vol. 57(7), pages 873-890, October.
    4. Inoue, Kotaro & Uchida, Konari & Bremer, Marc, 2010. "Post-restructuring performance in Japan," Pacific-Basin Finance Journal, Elsevier, vol. 18(5), pages 494-508, November.
    5. Salomon Fiedler & Isabel Hanisch & Dr. Nils Jannsen Hanisch & Prof. Dr. Maik Wolters, 2017. "Effectiveness of Unconventional Monetary Policy in the Euro Area: An Assessment Based on a Literature Survey," Credit and Capital Markets, Credit and Capital Markets, vol. 50(4), pages 455-488.
    6. Roberto Piazza, 2015. "Deflation expectations and Japan's lost decade," Questioni di Economia e Finanza (Occasional Papers) 274, Bank of Italy, Economic Research and International Relations Area.
    7. Joel Bowman, 2022. "The Life‐cycle Dynamics of Zombie Companies amongst Listed Firms in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(5), pages 185-205, September.
    8. Bergoeing, Raphael & Loayza, Norman & Repetto, Andrea, 2004. "Slow recoveries," Journal of Development Economics, Elsevier, vol. 75(2), pages 473-506, December.
    9. Piotr Ciżkowicz & Andrzej Rzońca, 2014. "Interest Rates Close to Zero, Post-crisis Restructuring and Natural Interest Rate," Prague Economic Papers, Prague University of Economics and Business, vol. 2014(3), pages 315-329.
    10. Nakashima, Kiyotaka & Takahashi, Koji, 2018. "The real effects of bank-driven termination of relationships: Evidence from loan-level matched data," Journal of Financial Stability, Elsevier, vol. 39(C), pages 46-65.
    11. Kosuke Aoki & Nao Sudo, 2012. "Asset Portfolio Choice of Banks and Inflation Dynamics," Bank of Japan Working Paper Series 12-E-5, Bank of Japan.
    12. Gervais, Martin & Livshits, Igor & Meh, Césaire, 2008. "Uncertainty and the specificity of human capital," Journal of Economic Theory, Elsevier, vol. 143(1), pages 469-498, November.
    13. Kentaro Imai, 2013. "A Panel Study of Zombie SMEs in Japan: Identification, Borrowing and Investment Behavior," Discussion Papers in Economics and Business 13-16-Rev., Osaka University, Graduate School of Economics, revised Sep 2014.
    14. Octavio Fernández-Amador & Martin Gächter & Friedrich Sindermann, 2016. "Finance-augmented business cycles: A robustness check," Economics Bulletin, AccessEcon, vol. 36(1), pages 132-144.
    15. MIYAJIMA Hideaki & OGAWA Ryo, 2016. "Convergence or Emerging Diversity? Understanding the impact of foreign investors on corporate governance in Japan," Discussion papers 16053, Research Institute of Economy, Trade and Industry (RIETI).
    16. Dewatripont, Mathias, 2014. "European banking: Bailout, bail-in and state aid control," International Journal of Industrial Organization, Elsevier, vol. 34(C), pages 37-43.
    17. Skinner, Douglas J., 2008. "The rise of deferred tax assets in Japan: The role of deferred tax accounting in the Japanese banking crisis," Journal of Accounting and Economics, Elsevier, vol. 46(2-3), pages 218-239, December.
    18. Gervais, Martin & Livshits, Igor & Meh, Cesaire, 2007. "Uncertainty and the specificity of human capital," Discussion Paper Series In Economics And Econometrics 0713, Economics Division, School of Social Sciences, University of Southampton.
    19. Sean Hundtofte, 2017. "Does going easy on distressed banks help the macroeconomy?," Staff Reports 823, Federal Reserve Bank of New York.
    20. Sumio Hirose, 2009. "Effects of the Bankruptcy Laws Reform on Banks : The examination of recent Japanese experience," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 5(2), pages 201-228, November.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:uto:dipeco:201207. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Piero Cavaleri or Marina Grazioli (email available below). General contact details of provider: https://edirc.repec.org/data/detorit.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.