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Was Japanese Growth Export-Led?

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  • Boltho, Andrea

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. This 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. Copyright 1996 by Royal Economic Society.

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  • Boltho, Andrea, 1996. "Was Japanese Growth Export-Led?," Oxford Economic Papers, Oxford University Press, vol. 48(3), pages 415-432, July.
    • Handle: RePEc:oup:oxecpp:v:48:y:1996:i:3:p:415-32
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