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Modeling Dualism in Japan

Abstract

The history of Japan's economic development has attracted much attention because of the speed with which this country has successfully achieved a high rate of industrialization. The process of this development has been aided by traditional elements that have played an active and important role in the economy for a long time, thus allowing modern-traditional dualism to persist until well after World War II. After briefly reviewing the pattern of "dualistic development" in Japan, this paper exposits an applied general equilibrium model, which has been built to analyze the various demographic and economic forces that have shaped the path of Japan's growth and urbanization. The time periods under study are 1905-1930 and 1953-1963

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