A test of the escape from the persistence of backwardness
Bibliographic Data
| ID | 20301652 |
|---|---|
| Authors | Frank Zahn (Bowling Green State University, corresponding author) |
| Year | 1973 |
| Volume | 9 |
| Issue | 3 |
| Pages | 403-411 |
| Publication date | 1973-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of Development Studies (JOURNAL) |
| Journal identifiers | ISSN: 0022-0388 • E-ISSN: 1743-9140 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00220387308421453 |
| OpenAlex | W2129526455 |
| Language | EN |
| Citations received | 3 |
| References cited | 12 |
A model was constructed and estimated for the Japanese economy from 1872 to 1937. Although the model is limited in scope due to limited data availability, it is capable of testing the escape from the trap hypothesis of which Japan is a popular candidate. An examination of the basic difference equation in all periods indicated that Japan did escape the trap during the period 1873–74. Care should be taken in evaluating the evidence. Clearly, the trap is not verified within the range of the data. Consequently, what appears to be evidence of an escape from the trap is suspicious. An economy could tend to move away from an unstable equilibrium level of per capita income without moving toward a low level stable equilibrium level of per capita income when the rate of change in per capita income is negative. But the evidence does support a turning point in Japan's efforts to develop. After 1873–74 Japan was able to achieve a sustained rise in per capita income. The results of this study identify an escape from a persistence of backwardness in terms of per capita income regardless of whether or not that escape was one from a low level equilibrium trap
Backwardness · Demographic economics · Econometrics · Economic growth · Economics · Geography · Per capita · Per capita income · Period (music) · Persistence (discontinuity) · Population · Trap (plumbing) · Turning point · Demography · Economic Growth and Productivity · Economic theories and models · Economic Theory and Policy
The growth rate of the Japanese economy since 1878.
Economic backwardness and economic growth.
The identification problem in econometrics
Capital Formation in Japan, 1868-1940
A Model of Japanese Economic Growth, 1878-1937
A Contribution to the Theory of Economic Growth
The Theory and Design of Economic Development
The Economic Development of China and Japan
Growth Models and the Escape from the Low-Level Equilibrium Trap
Economic Backwardness and Economic Growth
Capital Formation in Japan, 1868-1940
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,07 |
| Citation span | 1982 - 1989 (8) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |