Japan's Ultimately Unaccursed Natural Resources-Financed Industrialization

Randall Morck, Masao Nakamura

NBER Working Paper No. 22865
Issued in November 2016, Revised in July 2017

---- Acknowledgments ----

We are grateful for helpful comments at the American Economic Association, National University of Singapore, Weseda University and the World Bank. We are especially grateful for helpful suggestions from Katsuyuki Kubo, Hideaki Miyajima, John P. Tang and Bernard Yeung. Randall Morck gratefully acknowledges partial funding from the Bank of Canada and from the Social Sciences and Humanities Research Council of Canada (SSHRC). Masao Nakamura also acknowledges partial research support from the SSHRC. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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