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.


Issue Date:
1974
Publication Type:
Working or Discussion Paper
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/13278
PURL Identifier:
http://purl.umn.edu/13278
Total Pages:
39
Series Statement:
Staff Paper P74-7




 Record created 2017-04-01, last modified 2020-10-28

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