NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

A Comment on Nishimura, Nakajima, and Kiyota's "Does the natural selection mechanism still work in severe recessions? Examination of the Japanese economy in the 1990s"

Tae Okada, Charles Yuji Horioka

NBER Working Paper No. 13298
Issued in August 2007

---- Acknowledgements -----

The authors are grateful to Kazuo Ogawa for his valuable advice. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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