Inefficiency of Corporate Investment and Distortion of Savings Behavior in Japan

Albert Ando, Dimitrios Christelis & Tsutomu Miyagawa
Published Date
Copyright 2003
ISBN 0226060217
Structural Impediments to Growth in Japan
Book: Structural Impediments to Growth in Japan
Book editors: Magnus Blomström, Jennifer Corbett, Fumio Hayashi & Anil Kashyap
PUBLISHER: University of Chicago Press
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  • Albert Ando, Dimitrios Christelis, and Tsutomu Miyagawa, Structural Impediments to Growth in Japan (University of Chicago Press, 2003), chap. 5, https://www.nber.org/books-and-chapters/structural-impediments-growth-japan/inefficiency-corporate-investment-and-distortion-savings-behavior-japan.

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Topics

Macroeconomics
Consumption and Investment

Published From Paper

Inefficiency of Corporate Investment and Distortion of Savings Behavior in Japan
- Working Paper
The value of corporate equity in Japan is dramatically smaller than that implied by the sum of the reproduction cost...

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