Publication: Journal of Economic Education
Volume: Volume 34, No. 1
Issue: Winter 2003
Pages: 61-81
Author(s): Benigno Valdés (Universidad Pontificia Comillas)
Address (Principal Author):Benigno Valdés
ICADE
Universidad Pontificia Comillas
C/Alberto Aguilera 23
28015 Madrid, SPAIN
Phone: 34 91 542 2800
Fax: 34 91 541 7796
Internet Address (Principal Author): bvaldes@cee.upco.es
Title: An Application of Convergence Theory to Japan's Post-WWII Economic "Miracle"
Abstract: The author provides an interpretation of the post-World War II economic "miracle" of Japan as a process of economic convergence within the framework of the neoclassical Solow-Swan model of economic growth. He shows how the predictions of the Solow-Swan model are qualitatively consistent with the actual economic record of Japan in the decades following World War II.
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