| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12081 |
| 来源ID | Working Paper 12081 |
| The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy | |
| Fumio Hayashi; Edward C. Prescott | |
| 发表日期 | 2006-03-06 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | The question we address in this paper is why the Japanese miracle didn't take place until after World War II. For much of the pre-WWII period, Japan's real GNP per worker was not much more than a third of that of the U.S., with falling capital intensity. We argue that its major cause is a barrier that kept agricultural employment constant at about 14 million throughout the prewar period. In our two-sector neoclassical growth model, the barrier-induced sectoral mis-allocation of labor and a resulting disincentive for capital accumulation account well for the depressed output level. Were it not for the barrier, Japan's prewar GNP per worker would have been close to a half of the U.S. The labor barrier existed because, we argue, the prewar patriarchy, armed with paternalistic clauses in the prewar Civil Code, forced the son designated as heir to stay in agriculture. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Development and Growth ; Development ; Growth and Productivity ; History ; Labor and Health History |
| URL | https://www.nber.org/papers/w12081 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569734 |
| 推荐引用方式 GB/T 7714 | Fumio Hayashi,Edward C. Prescott. The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12081.pdf（724KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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