The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy

By F. Hayashi, Edward C. Prescott. Journal of Political Economy, 2008

179 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

The role of trade in structural transformation (2010, unknown): “Moreover, as in Hayashi and Prescott (2008), if”
Rural-Urban Migration in Developing Countries: Lessons from the Literature (2021, background): “mass exodus of younger cohorts of labor force out of rural areas, and a sharp change in employment patterns which were accompanied by an increase in growth of per capita income (Hayashi and Prescott, 2008).”
A simple accounting framework for the effect of resource misallocation on aggregate productivity (2008, background): “Hayashi and Prescott (2008) argue that for institutional reasons, there was a barrier to labor mobility between the agricultural and non-agricultural sectors in prewar Japan.”
Modernization of Agriculture and Long-Term Growth (2013, background): “This is because once agricultural modernization begins, the TFP growth in industry joins forces with it, thus contributing to aggregate growth [see equation (22)].”