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Identifier to cite or link to this item: https://hdl.handle.net/10086/13492

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Title
When and how did Japan catch up with Korea?: A comparative study of the pre-industrial economies of Korea and Japan
Creator
Creator Name
Lee, Hun-Chang Lee, Hun-Chang
李, 憲昶 李, 憲昶
Affiliation
Affiliation Name
Korea University
Affiliation
Affiliation Name
Hitotsubashi University
Editor
Contributor Name
Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University
Key Word
pre-modern Korea
pre-modern Japan
per capita GDP
catch-up
geography
institutions
human capabilities
system of economic integration
small world economy
Abstract
This paper compares the economic development of Korea and Japan during the past three millennia. In particular, it examines why, although the Korean economy was more advanced from around the six century B.C. to around the sixth century A.D., Japan subsequently surpassed Korea in terms of economic development and the gap continued to widen during the Tokugawa period (1603-1867). It is argued that until the eleventh century, the economic gap between Korea and Japan can be largely explained by geography, while from the twelfth to the seventeenth century, differences in institutions, systems of economic integration, and human capabilities - all shaped by a divergence in political systems - played a key role in Japan's catch-up with Korea.
Description
[revised on 0704]
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2007-02
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
CEI Working Paper Series ; No. 2006-15
Relation
Related Identifier
URI
  http://cei.ier.hit-u.ac.jp/index.html
NCID
AA11590659
Number of Pages
34
Edition
[revised]
Appears in Collections
CEI Working Paper Series
URL
https://hdl.handle.net/10086/13492