Discussion Paper Details

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Title: Japan and the Great Divergence, 730-1874

Author(s): Jean-Pascal Bassino, Stephen N Broadberry, Kyoji Fukao, Bishnupriya Gupta and Masanori Takashima

Publication Date: April 2017


Programme Area(s): Economic History

Abstract: Japanese GDP per capita grew at an annual rate of 0.08 per cent between 730 and 1874, but the growth was episodic, with the increase in per capita income concentrated in two periods, 1450-1600 and after 1721, 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.

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Bibliographic Reference

Bassino, J, Broadberry, S, Fukao, K, Gupta, B and Takashima, M. 2017. 'Japan and the Great Divergence, 730-1874'. London, Centre for Economic Policy Research.