Nakakuki, Masayuki; Otani, Akira; Shiratsuka, Shigenori - In: Monetary and Economic Studies 22 (2004) 2, pp. 71-99
In this paper, we carry out qualitative and quantitative analyses of impacts of factor market distortions on Japan's economic stagnation in the 1990s, thereby showing that resolution of structural impediments is essential for the restoration of sustained economic growth. Distortions in factor...