FINANCIAL DISTRESS AND INDUSTRY STRUCTURE: AN INTER-INDUSTRY APPROACH TO THE LOST DECADE IN JAPAN

This paper proposes a novel approach to investigating the propagation mechanism of balance sheet deterioration in financial institutions and firms, by extending the input-output analysis. First, we use a unique input-output table augmented by firm size dimension. Second, we link the input-output tab...

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Bibliographic Details
Published in:Economic systems research 2012-09, Vol.24 (3), p.229-249
Main Authors: Ogawa, Kazuo, Sterken, Elmer, Tokutsu, Ichiro
Format: Article
Language:English
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