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This paper examines the drivers of the long-run structural transformation in Japan. We use a dynamic input … contributed to the rapid growth of GDP in Japan throughout the 20th century. …
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We show that σ-convergence in regional productivity growth can be approximated by σ-convergence in sectoral productivity growth and σ-convergence in structural transformation-led productivity growth. Applying this framework to Japanese prefecture-level data from 1874 to 2008, we find support...
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