Titlebook: Community, Market and State in Development; Keijiro Otsuka,Kaliappa Kalirajan Book 2010 Palgrave Macmillan, a division of Macmillan Publis

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The Role of the Government in Facilitating TFP Growth during Japan’s Rapid-growth Era976; Hayami and Ogasawara, 1999, 2002; Yasuba, 2002; Young, 1995). More recent works on the Japanese economy rely on modern calibration techniques to replicate the postwar rapid growth (Braun et al., 2006; Braun et al., 2009; Chen et al., 2006; Otsu, 2007; Parente and Prescott, 2004).

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The Role of Traditional Chinese State and the Origin of Modern East Asiar this capacity to borrow did not come automatically, but was built on a creative adaptive learning process that was in turn preceded and supported by rapid improvements in human-capital formation (Godo and Hayami, 2002).

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