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| Author: | Boltho, A. |
| Title: | Was Japanese growth export-led |
| Journal: | Oxford Economic Papers
1996 : JUL, VOL. 48:3, p. 415-432 |
| Index terms: | JAPAN EXPORTING ECONOMIC GROWTH |
| Language: | eng |
| Abstract: | In three periods of its modern economic history (1913-37, 1952-73, and 1973-90), Japan grew up to twice as rapidly as did other major industrialized countries. The paper investigates whether growth in these years was export-led. The results of five very different tests suggest that domestic forces rather than foreign demand propelled longer-run growth. This was particularly so in the high-growth period of 1952-73. Exports may, however, have been crucial in initiating several cyclical upswings. |
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