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Causes of the Long Stagnation of Japan During the 1990s: Financial or Real?

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NBER1999-09-01 更新2025-01-04 收录
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Corporate investment is the most important factor to explain the long stagnation of Japan during the 1990's. Using the Bank of Japan diffusion indices of real profitability' and banks' willingness to lend', we estimate investment functions for four groups of firms: large/small and manufacturing/non

创建时间:
1999-09-01
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