Find in Library

This paper examines the growth process in Japan for 1965, 1975 and 1985 by computing the deviation from proportionate growth of individual sectors using investment minus output (I-O) tables. The hypothesis tested is that the remarkable rate of Japanese growth is explainable by differences in the rate of change of value added by individual sectors and that these different rates of growth can be attributed to Japanese economic policies, especially the emphasis on the high rate of domestic saving.   JEL: E20