The causes of the long stagnation in Japan

Tatsuyoshi Miyakoshi, Yoshihiko Tsukuda

研究成果: Article査読

9 被引用数 (Scopus)

抄録

The paper investigates whether the Japanese bank lending causes the long stagnation in the 1990s and if so whether this effect on the growth is more persistent than in the 1980s. Applying a VAR model for the annual prefecture panel data, the former can be verified by Granger causality test and the latter by impulse response function. There exists only one way causality from the loan to the GDP in the slump periods, while two way causalities exist in the 1980s. The shock in the loan equation is less persistent than the shock in GDP in the 1980s, but the persistence is reversed in the 1990s.

本文言語English
ページ(範囲)113-120
ページ数8
ジャーナルApplied Financial Economics
14
2
DOI
出版ステータスPublished - 2004 1 15

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

フィンガープリント 「The causes of the long stagnation in Japan」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル