Intersectoral Resource Flows inChina Revisited---in memory of thelate professor Shigeru lshikawaKatsujiNakagane（中兼和津次）Professor Emeritus at the Universityof Tokyo
Intersectoral Resource Flows in China Revisited-in memory of the late professor Shigeru Ishikawa Katsuji Nakagane （中兼和津次） Professor Emeritus at the University of Tokyo
Shigeru lshikawa (1920-2014)
Shigeru Ishikawa (1920-2014)
Ishikawa's contributions to the Chineseeconomic studiesStatistical analysis of China's national income andcapital formation (lshikawa1960)Macroeconomic analysis of China's economicgrowth and structural imbalances based onFel'dman=Domar model Studies on intersectoral resource flows in China Constructing an analytical framework for studiesoneconomieswithmarket underdevelopment
Ishikawa’s contributions to the Chinese economic studies • Statistical analysis of China’s national income and capital formation (Ishikawa1960) • Macroeconomic analysis of China’s economic growth and structural imbalances based on Fel’dman=Domar model • Studies on intersectoral resource flows in China • Constructing an analytical framework for studies on economies with market underdevelopment
Development of ISRF issue.The rolesofagriculturein economicdevelopment and intersectoral resource flows(ISRF)Lewis(1954)→>Fei=Ranis(1964)>lshikawa(1967)Lee(1971), Mundle(1981), Ohkawa et al.(1978)Teranishi(1982) Ishikawa(1990), Karshenas (1993)
Development of ISRF issue • The roles of agriculture in economic development and intersectoral resource flows (ISRF) • Lewis(1954)→Fei=Ranis(1964) →Ishikawa(1967) • Lee(1971), Mundle(1981), Ohkawa et al.(1978), Teranishi(1982) • Ishikawa(1990), Karshenas (1993)
Agro-industrial relationshipConventional wisdom:agriculturemustprovideindustry with financial resources at the initial stageof economic developmentHistorical experiences: e.g. Japan after the Meijirestoration.Preobrazhensky's proposition on socialistindustrialization strategy---rural sector as a domesticcolony' to provide the primitive accumulation forthe national economyMoreover, agriculture's resource should betransferred to the state through skewed pricemechanisms
Agro-industrial relationship • Conventional wisdom: agriculture must provide industry with financial resources at the initial stage of economic development • Historical experiences: e.g. Japan after the Meiji restoration • Preobrazhensky’s proposition on socialist industrialization strategy-rural sector as a domestic ‘colony’ to provide the primitive accumulation for the national economy • Moreover, agriculture’s resource should be transferred to the state through skewed price mechanisms