Educational and Medical Expenditure of Agricultural Households under the Reconstruction Period from the Showa Depression

Kusadokoro, Motoi; Maru, Takeshi; Takashima, Masanori

doi:10.7310/arfe.52.97

Cited by 1 publication

(1 citation statement)

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“…However, they also note that the ability to smooth consumption via cash and quasi‐money may have differed based on land ownership; landless households were left behind under disadvantaged conditions. Kusadokoro et al (2016b) use the same data to study expenditure on human capital during the recovery after the Showa Depression. Estimating the wealth effect on educational and medical expenditures, they find that: (1) the wealth effect impacted medical expenditure but not educational expenditure, (2) landholding farmers invested more in education than landless farmers and (3) the number of male infants increased medical expenditure, while females did not.…”

Section: Financial Marketsmentioning

confidence: 99%

Agricultural development in industrialising Japan, 1880–1940

Arimoto

Sakane

2021

Aust Econ Hist Rev

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This study reviews research examining agricultural development in industrialising Japan. We focus on the (dys)functioning of markets for land, finance, labour and agricultural commodities. We cover topics including land (mis)allocation, size-productivity relationships, tenancy contract choice and Marshallian inefficiency, property rights, microfinance, shockcoping strategies, rural-urban migration and agricultural market integration. The literature reveals that market failures often observed in developing economies were not prominent, except for possibly labour markets. The literature also highlights the roles and administrative capacities of central and local governments. Tight local communities served to reduce transaction costs.

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Section: Financial Marketsmentioning

confidence: 99%