The depressing effect of agricultural institutions on the prewar Japanese economy
The depressing effect of agricultural institutions on the prewar Japanese economy
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DOI：
10.1086/591804
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发表时间：
2008-08-01
影响因子：
8.2
通讯作者：
Prescott, Edward C.
中科院分区：
文献类型：
--
作者：
Hayashi, Fumio;Prescott, Edward C.
为什么日本奇迹没有在二战之前发生？我们确定的罪魁祸首是保持战前农业就业不变的障碍。使用标准的新古典两部门增长模型，我们表明，壁垒引起的部门扭曲和资本积累的缺乏是产出水平下降的重要原因。如果没有这一障碍，日本战前工人人均国民生产总值至少约为美国的一半，而不是数据中的三分之一左右。我们认为，劳动力障碍的存在是因为战前的父权制迫使被指定为继承人的儿子留在农业中。
Why didn't the Japanese miracle take place before World War II? The culprit we identify is a barrier that kept prewar agricultural employment constant. Using a standard neoclassical two-sector growth model, we show that the barrier-induced sectoral distortion and an ensuring lack of capital accumulation account well for the depressed output level. Without the barrier, Japan's prewar GNP per worker would have been at least about a half of that of the United States, not about a third as in the data. The labor barrier existed because, we argue, the prewar patriarchy forced the son designated as heir to stay in agriculture.