Japan and the Great Divergence, 725-1874

40 Pages Posted: 5 May 2015

See all articles by Jean-Pascal Bassino

Jean-Pascal Bassino

Ecole Normale Supérieure (ENS) de Lyon; Lyons Institute of East Asian Studies

Stephen N. Broadberry

London School of Economics & Political Science (LSE)

Kyoji Fukao

Hitotsubashi University - Institute of Economic Research

Bishnupriya Gupta

University of Warwick - Department of Economics

Masanori Takashima

Hitotsubashi University

Date Written: May 2015

Abstract

Japanese GDP per capita grew at an annual rate of 0.04 per cent between 725 and 1874, but the growth was episodic, with the increase in per capita income concentrated in three periods, 1150-1280, 1450-1600 and after 1730, 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.

Keywords: Britain, GDP per capita, Great Divergence, growth reversals, Japan

JEL Classification: N10, N30, N35, O10, O57

Suggested Citation

Bassino, Jean-Pascal and Broadberry, Stephen N. and Fukao, Kyoji and Gupta, Bishnupriya and Takashima, Masanori, Japan and the Great Divergence, 725-1874 (May 2015). CEPR Discussion Paper No. DP10569, Available at SSRN: https://ssrn.com/abstract=2602806

Jean-Pascal Bassino (Contact Author)

Ecole Normale Supérieure (ENS) de Lyon ( email )

15, parvis Rene Descartes BP 7000
Lyon Cedex 07, 69342
France

Lyons Institute of East Asian Studies ( email )

15 Parvis René Descartes, BP 7000
Lyon, Cedex 69342
France

Stephen N. Broadberry

London School of Economics & Political Science (LSE) ( email )

+44 0 24 7652 3446 (Phone)
+44 0 24 7652 3032 (Fax)

Kyoji Fukao

Hitotsubashi University - Institute of Economic Research ( email )

2-1 Naka Kunitachi-shi
Tokyo 186-8306
Japan

Bishnupriya Gupta

University of Warwick - Department of Economics ( email )

Coventry CV4 7AL
United Kingdom

Masanori Takashima

Hitotsubashi University ( email )

2-1 Naka Kunitachi-shi
Tokyo 186-8601
Japan

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