Kaname Akamatsu’s 1930s work introduced the concept. Through statistical analysis of industrial development in economic issues and policy 6th edition pdf-war Japan, this author followed Akamatsu in developing a theoretical model called Kojima Model I.
Subsequent works produced Kojima Models II and III. The regional transmission of FG industrialization has been noted as an engine of Asian economic growth, due in part to Saburo Okita’s forceful presentation of the theme of the FG model in a 1985 lecture. It is hoped that this paper will help to advance a better understanding of the FG model, its historical origin, its theoretical extensions, and its relevancy, as well as its incompleteness as a model of economic development. Check if you have access through your login credentials or your institution. Kojima is Professor Emeritus, Hitotsubashi University, Tokyo.
This paper uncovers linkages between the development of telecommunications infrastructure, economic growth, and four key indicators of operation of a modern economy. 2012 and employ a panel vector auto-regressive model for detecting Granger causality. Our results provide evidence of bi-directional Granger-causality between the development of telecommunications infrastructure and economic growth in the long run. We also find that, with the exception of the urbanization rate, other macroeconomic variables affect economic growth in the long run. Thus, omitting macroeconomic variables from studies risks errors of specification. 2012 and employing a panel vector auto-regressive model for detecting Granger causality, we find a network of long-run causal connections between these variables, including bidirectional causality between DTI and economic growth.