LTES LTES LTES 1 GNE GDP GDP 1920 LTES GDP LTES 1931 GDP 76 Hi-Stat E-mail: kiyohito.utsunomiya@boj.or.jp / /2009.3 73
1. Long-Term Economic Statistics LTES 1 1971 LTES 2 LTES LTES System of National Accounts SNA 3 LTES 1 GNE Gross National Expenditure 4 5 SNA LTES 1979 1979 LTES LTES LTES LTES 1 1 Ohkawa, Shinohara, and Meissner [1979] LTES 2 1971 136 137 3 1981a 10 4 1967 49 5 LTES 1924 26 GNE 84% 10 1934 36 70% 74 /2009.3
2005 LTES 6 LTES 7 2 LTES 3 LTES 4 GDP 2. LTES 1971 8 9 LTES GNE 1 1920 1922 23 1921 1924 25 1926 GNE GDP 10 LTES 1920 6 2005 20 2005 LTES 7 1918 1936 8 1971 136 137 9 1971 1967 LTES 1974 10 1974 GNE D GNP LTES GNE 1979 GDP 93SNA GNE GNI 75
1 LTES GNE GDP LTES 1974 1989b GNP 11 GNP LTES 12 1981b 1990 1 1990 13 11 1989b 304 12 1981b 10 13 1990 175 76 /2009.3
1983 1984 LTES 1983 1920 20 14 1930 1984 15 GNE GDP 16 3. 1 LTES 1 LTES SNA SNA 1953 17 1968 1993 93SNA LTES SNA 93SNA GDP LTES GNE 93SNA 14 1983 350 15 1984 165 16 2004 17 SNA 1928 1939 26 1947 SNA 77
18 1979LTES 1 GDP 19 1971 LTES LTES 20 LTES LTES 2 LTES 1967 GNE 1974 21 18 93SNA 1993 93SNA GDP 19 1974 1924 1967 1974 GNE Ohkawa, Shinohara, and Meissner [1979] 2 GDP 20 1978 9 21 1974 78 /2009.3
SNA 1967 22 1990LTES GNE 23 1 3 SNA 22 1967 29 23 1990 170 79
2 1927 1936 % 55.96 10.56 11.53 4.31 4.03 3.18 0.56 3.38 6.48 100.00 37.21 13.43 16.96 4.59 6.36 1.46 0.31 7.61 12.07 100.00 44.30 8.73 5.44 6.56 4.99 7.45 22.53 100.00 50.24 13.70 12.01 4.22 5.23 3.26 0.68 2.74 7.93 100.00 37.91 11.43 16.95 5.02 6.89 1.55 0.36 8.13 11.77 100.00 46.44 9.46 6.38 4.56 4.59 7.93 20.64 100.00 15.68 0.95 0.75 5.45 3.51 4.45 1927 13.73 0.19 0.38 3.28 1.95 2.67 0.42 2.01 14.05 0.80 0.76 5.41 3.59 2.86 1936 13.30 0.11 0.82 3.03 1.95 2.83 0.49 1.72 0.38 4.67 9.85 2.45 6.13 1.70 55.96 1927 3.17 2.60 2.34 1.32 2.65 0.49 37.21 0.34 4.11 8.09 2.38 6.15 1.71 50.24 1936 3.17 3.10 1.75 1.37 3.85 0.43 37.91 1967 5 2 24 39 48% 25 24 1927 1926 9 1927 8 1936 2 25 1967 29 80 /2009.3
2 1927 10% 1936 8% 2% 26 6% 1927 3% 1936 4% 27 1938 1958 1938 28 1938 D 29 1939 26 1967 29 27 1967 74 28 1932 327 29 5 27:1% 27:6% 45:3% 81
30 1933 31 2 32 2 1955 33 2 1931 1 1930 0:3% 0:4% 1932 0:3% 3 34 30 31 2,820,992 3,820,992 1,393,219 2,393,219 80% 32 83:5% 33 LTES 34 1967 29 82 /2009.3
35 1932 1933 36 37 1930 1930 38 1929 1930 1923 39 40 4 3 3 SNA 35 36 1933 94:0% 2.246 54:1% 37 1932 1999 70 38 39 1922 1923 95% 1924 41% 40 1931 47% 83
LTES GNE 41 SNA 93SNA SNA 2004 Smits [2006] 1 Smits GDP 1913 1890 6:8% modest 42 43 9 2 41 i p P i i P q i 0 t P L P L D p 0;t 0;t ti q 0i = p 0i 0i P P P P P P D p 0;t 0;t ti q ti = p 0i q ti q P F D P L P P P P» P F» P L 0;t 0;t 0;t 0;t 0;t 0;t P P D P P P P P P P P 0;t 0;1 1;2 2;3 t 1;t International Labour Organization [2004] 42 Smits [2006] 1913 1807 GDP 14 2 2 12 2 43 chain drift 84 /2009.3
5 LTES SNA 1 SNA SNA 44 SNA 45 1931 3 46 44 GDP 45 93SNA VI 6.22 1995 137 46 1931 2 2 1931 181 85
1930 1930 1931 1938 56 1 SNA 47 4. 1 3 4 B A 1923 1933 1:3% 4:3% 1924 1934 1923 1933 1936 1:6% C A 47 86 /2009.3
3 % 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 5.5 9.5 1.4 6.3 6.2 0.4 3.7 2.1 1.4 2.8 6.4 10.5 1.6 8.3 5.1 0.3 4.3 1.8 2.7 3.8 3.0 9.1 0.7 6.4 1.0 2.9 1.2 1.9 0.8 1.0 3.5 10.9 1.5 6.3 2.1 3.1 2.6 1.7 0.8 1.6 20.0 39.7 30.2 27.3 3.2 19.7 5.5 8.6 12.8 12.7 28.2 34.4 29.4 37.4 2.7 19.0 3.4 9.1 17.4 10.1 13.4 5.6 7.1 5.1 20.1 7.1 10.4 5.3 2.4 2.2 15.2 8.0 4.8 2.5 12.6 5.2 13.2 6.2 2.4 1.5 8.5 9.3 16.6 11.8 11.0 2.0 8.1 3.9 12.2 2.7 8.4 14.6 6.4 12.4 10.4 5.2 10.0 6.1 5.4 6.5 3.3 3.6 3.3 1.2 18.4 4.4 2.9 6.8 1.6 10.7 5.7 9.4 1.5 6.6 6.2 1.7 2.1 2.0 1.4 2.9 1928 1929 1930 1931 1932 1933 1934 1935 1936 1936 3.0 0.6 0.4 2.1 1.6 2.6 7.7 0.0 4.3 100.0 2.7 0.6 0.7 0.4 0.2 2.6 7.0 1.9 3.8 88.4 1.6 0.0 1.2 2.2 2.7 3.7 4.2 2.3 1.7 49.9 1.4 0.9 1.5 0.4 0.5 4.1 1.3 1.1 1.1 44.7 15.5 15.0 10.0 19.3 1.1 2.4 25.7 2.7 10.2 13.7 15.4 14.4 12.2 16.2 1.6 4.6 28.1 2.4 10.8 13.7 3.9 4.8 1.8 1.3 0.5 0.5 5.6 0.1 8.1 17.2 3.2 3.4 3.6 1.2 2.7 0.5 8.4 1.1 7.6 10.9 7.0 1.0 7.4 3.0 7.8 1.9 8.3 1.7 2.2 4.3 7.1 3.2 2.9 1.5 0.2 6.6 5.9 5.8 7.1 4.1 4.2 0.3 2.2 11.2 0.2 4.4 11.0 6.2 2.9 10.9 2.9 0.7 0.5 2.4 1.7 6.8 6.3 0.1 2.6 B A 1:7% 0:3%1923 1931 1931 1932 1931 0:4% 1932 0:2% 1935 0:1% 1:9% 87
4 B C B 1931 5 48 2 1920 GDP GDP 49 48 1931 0:2% 0:3% IT 5 1923 1920 1934 36 49 D SNA GDP GDP 88 /2009.3
5 GDP GDP 1920 GDP LTES 6 7 1923 LTES 1920 1920 1922 1923 GDP 0:5% 3:8% 7:2% 8 1920 1920 GDP LTES 1927 28 89
6 GDP % 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 GDP 8.7 5.7 0.5 6.9 3.8 7.2 5.3 6.2 1.9 4.0 4.1 7.7 1.3 5.2 4.2 0.3 3.8 1.5 1.9 3.3 LTES GDP 8.4 5.0 0.4 6.4 2.5 4.6 3.1 5.8 1.2 3.0 4.2 6.8 1.1 5.0 4.7 1.4 1.8 1.7 1.2 2.4 1928 1929 1930 1931 1932 1933 1934 1935 1936 GDP 6.7 0.6 1.2 1.2 6.1 7.8 8.9 7.2 2.6 2.2 0.5 0.4 0.3 0.0 2.1 4.8 1.3 2.4 LTES GDP 6.4 0.4 1.1 0.4 4.3 10.3 8.3 5.2 2.0 2.4 0.5 0.4 1.7 1.2 5.2 4.7 0.1 1.8 1934 36 7 GDP 4:0% 6:7% 1989a 50 1920 GDP 1920 50 1989a 32 90 /2009.3
8 1920 1926 1928 51 9 52 1929 GDP 0:6% 1929 7 8 1929 8 53 51 5 1926 28 6:2% 17:6% 15:7% 52 1932b 43 53 1963 352 91
9 5 2 1922 26 4 3 1930 1930 GDP LTES 1931 LTES 2:2% GDP 0:4% 0:4% GDP 1:2% 54 1931 55 1931 54 1989b 304 55 92 /2009.3
56 2 1931 9 1931 57 58 1920 1 GDP 1932 1932 GDP 6:1% LTES 1932 LTES 4:3% 1932 56 23:7% 1972 13:6% 57 54 1932a 327 1932 58 1920 19391922 5 9:0% 1939 141 1931 32 25% 61:6% 19331932 1933 1937 93
1932 1931 1931 32 1930 1931 59 1932 60 1933 1934 GDP 7:8% 8:9% 1935 LTES 1935 GDP 7:2% LTES 5:2% GDP 61 5. LTES GDP LTES GDPLTES 1920 GDP LTES 59 1931 4 1953 417 418 60 7 1932 3 61 14 6 1 6 14 7 7 1932 6 62 3 1 63 64 7 20 1 2 1964 141 147 61 94 /2009.3
1924 28 1929 GDP 1931 1931 GDP LTES 1932 GDP 1932 35 SNA LTES 62 LTES 63 62 63 1874 1909 3:1% 1940 5% 95
. GDP GDP 1934 36 LTES GDP 1917 8,902 6,344 1,050 1,298 1,477 1,267 10,079 7,521 1918 9,679 6,706 1,139 1,720 1,606 1,492 10,922 7,949 1919 10,226 7,449 1,473 1,804 1,276 1,776 11,473 8,697 1920 10,172 7,312 1,669 1,828 1,100 1,737 11,426 8,566 1921 10,873 7,845 2,240 1,448 977 1,637 12,160 9,132 1922 10,457 8,300 2,209 1,285 1,050 2,388 11,855 9,698 1923 9,707 8,267 2,012 968 896 2,435 11,308 9,867 1924 10,224 8,639 1,940 1,225 1,166 2,745 11,658 10,073 1925 10,862 8,795 1,961 1,264 1,397 2,555 12,338 10,271 1926 11,066 9,000 2,087 1,330 1,496 2,846 12,483 10,417 1927 11,505 9,366 2,340 1,358 1,679 3,238 12,857 10,718 1928 12,278 9,623 2,672 1,290 1,798 3,104 13,686 11,030 1929 12,350 9,561 2,612 1,424 1,970 3,217 13,745 10,956 1930 12,503 9,608 2,500 1,406 1,975 2,986 13,900 11,005 1931 12,355 9,650 2,892 1,148 2,049 3,384 13,952 11,247 1932 13,113 9,653 3,278 1,006 2,447 3,271 14,545 11,085 1933 14,136 9,931 3,492 1,248 2,663 3,198 16,047 11,842 1934 15,397 10,604 3,343 1,674 3,439 3,663 17,382 12,589 1935 16,511 10,806 3,469 1,989 4,033 3,787 18,285 12,580 1936 16,948 11,208 3,545 2,149 4,121 4,076 18,649 12,910 GDP 96 /2009.3
8 1967 1 1974 III 1964 1953 30 1 1979 32 3 1981 a 1981 b 6 1967 1983 1933 1932 1938 4 1931 1483 1932 a 1513 1932 b 1971 1978 30 1 1979 6 1989 a 6 1989 b 1929 7 1963 1984 2005 1880 1940 No. 1 1972 1939 100 2004 14 1979 97
1990 1999 Commission of the European Countries, International Monetary Fund, Organization for Economic Co-operation and Development, United Nations, and World Bank, System of National Accounts 1993, 1993. 1993 1995 International Labour Organization, Consumer Price Index Manual: Theory and Practice, 2004. Ohkawa, Kazushi, Miyohei Shinohara, and Larry Meissner eds., Patterns of Japanese Economic Development, A Quantitative Appraisal, Yale University Press, 1979. Smits, Jan-Pieter, Measuring The Wealth and Poverty of Nations : Methodological Problems and Possible Solutions, paper presented at Session 103: New experiences with Historical National Accounts at XIV International Economic History Congress by International Economic History Association, Helsinki, 2006. 98 /2009.3