European University Institute Library

Economic analyses using the overlapping generations model and general equilibrium growth accounting for the Japanese economy, population, agriculture and economic development, Mitoshi Yamaguchi and Tomoko Kinugasa

eng

Includes bibliographical references (pages 315-329) and index

illustrations

index present

non fiction

Economic analyses using the overlapping generations model and general equilibrium growth accounting for the Japanese economy

bibliography

896967783

Mitoshi Yamaguchi and Tomoko Kinugasa

population, agriculture and economic development

This unique book contains novel and in-depth research regarding economic development in Japan. The authors examine economic development in Japan from both theoretical and empirical perspectives. Using general equilibrium growth accounting and the overlapping generations model, they analyze the relationships between population, agriculture and the economy. The research results are unprecedented and show the effects of increased adult longevity on national savings and the effects of demographic change on the industrial structure; the push-pull effects of technical change in agricultural and non-agricultural sectors and the positive effects of population on technical change and economic development.--, Provided by Publisher

Preface; Contents; About the Authors; Chapter 1. Basic Considerations in the Analysis of Economic Development; Introduction; 1. Theoretical Considerations of Agriculture, Population and Technical Change; 1.1. Historical Growth Patterns in the Japanese Economy; 1.2. Theoretical Consideration of Agriculture; 1.2.1 Definition of "agriculture"; 1.2.2 Characteristics of agriculture; 1.2.3 Contribution of agriculture to the economy; 1.3. Theoretical Considerations of Population and Technical Change; 1.3.1 Definition of "population"; 1.3.2 Characteristics of population. 1.3.3 Contribution of population to the economy1.3.4 Definition of "technical change"; 1.3.5 Characteristics of technical change; 1.3.6 Contribution of technical change to the economy; Summary and Conclusion; 2. Brief Overview of Pre-World War II History in Japanese Economy; 2.1. Agricultural Development; 2.2. Non-agricultural Development; 3. Critical Review of Japanese Agricultural and Non-agricultural Research; 3.1. Critical Study of Hayami's Agricultural Growth Process; 3.2. Analytical Study of Non-agriculture and Economy; Summary and Conclusion; Conclusion. Chapter 2. General Equilibrium Growth Accounting for the Japanese EconomyIntroduction; 1. Theoretical Foundations for Building the Model; 1.1. Some Basic Foundations for General Equilibrium Growth Accounting; 1.1.1 Income Distribution, Rybczynski's Theorem, the Hecksher-Ohlin Theorem, and the Production Possibility Curve; 1.1.2 Agricultural and Economic Development Theories; 1.2. Agricultural and Non-agricultural Two-Sector Model; 1.2.1 Capital and Consumption Two-Sector Models; 1.2.2 Critical Study of the Dualistic Model; 1.3. Some Model Analyses for Japanese Economic Development. 1.3.1 The Ogawa and Ogawa-Suits Models1.3.2 The Minami-Ono Model; 1.3.3 The Kelley et al. Model; 1.3.4 The Growth Accounting Model; 1.3.5 Recent Development of a Model Related to Japanese Economic Development; 2. Theoretical Explanation of the Model; 2.1. Static Relationships; 2.2. Dynamic Relationships; 3. Empirical Results from the Model; Conclusion; Chapter 3. A Graphic Model of the Effects of Sectoral Technical Change; Introduction; 1. Push and Pull Effects of Sectoral Technical Change; 2. Graphic Model of the Effects of Sectoral Technical Change. 3. Policy Implications Derived from the AnalysisConclusion; Chapter 4. Factor Mobility and Surplus Labor in the Japanese Economy; Introduction; 1. Movement of Inputs between the Agricultural and Non-agricultural Sectors; 2. Agricultural Surplus Labor and Economic Development; 3. Agricultural Surplus Labor and Growth Accounting Analysis; Conclusion; Chapter 5. Agricultural Surplus Labor and Growth Accounting for the Thai and Chinese Economies; Introduction; 1. General Outline of the Economic Development of Thailand; 2. Economic and Social Development Planning in Thailand