Esteban-Pretel, Julen; Sawada, Yasuyuki - In: Journal of Economic Dynamics and Control 40 (2014) C, pp. 67-83
In this paper, we study the structural change occurring in Japan's post-World War II era of rapid economic growth. We use a two-sector neoclassical growth model with government policies to analyze the evolution of the Japanese economy in this period and to assess the role of such policies. Our...