The Growth Rate of the Japanese Economy since 1878

The Growth Rate of the Japanese Economy since 1878

The Growth Rate of the Japanese Economy since 1878

The Growth Rate of the Japanese Economy since 1878

Excerpt

It was 1951 that Professor Yuzo Yamada published his book, Nihon Kokumin Shotoku Suikei Shiry??? (A Comprehensive Survey of National Income Data in Japan), which marked an epochal advance in this field. He tried to compile a comprehensive list of various past estimates, appraise the older work and also make new estimates of his own. Immediately after the publication of this work, some members of the Institute of Economic Research, Hitotsubashi University, jointly started a project to measure the long-run changes in the national products of Japan, the preliminary results of which were presented to the Second Meeting of the International Association for Research in Income and Wealth, 1951. (Shigeto Tsuru and Kazushi Ohkawa , 'Long-term Changes in the National Product of Japan since 1878', in Income and Wealth, Series III, edited by Milton Gilbert , 1953). This work was based on some revisions of Yamada's estimates. Further revisions were carried out by our study group and the results were published in a paper by K. Ohkawa. (A Note on "Long-term Changes in the National Product of Japan", in the Annals of the Hitotsubashi Academy, April 1953.)

Meanwhile, Mr. Harry Oshima of the Statistical Office of the United Nations contributed a critical article 'Survey of Various Long-term Estimates of Japanese National Income' for Keizai Kenky??? (Economic Review), the quarterly journal of the Institute of Economic Research, Vol. 4, No. 3, July 1953. Though he devoted a great part of the discussion to Yamada's method of estimating, it was also suggestive for us.

In August 1955, we published a comprehensive report in Japanese Nihon Keizai no Seich???-ritsu (The Growth-rate of the Japanese Economy) by K. Ohkawa in association with M. Umemura , M. It??? and T. Noda, which contained a detailed description of our estimations of national income and capital . . .

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