Product Switching and the Business Cycle
---- Acknowledgments ----
This study is conducted as a part of the Project “Restoration from Earthquake Damage and Growth Strategies of the Japanese Regional Economy” undertaken at Research Institute of Economy, Trade and Industry (RIETI). Utilized data is micro-data pertaining to the Census of Manufacturers (Kogyou Tokei Chosa) conducted by Ministry of Economy, Trade and Industry. The authors are grateful for helpful comments and suggestions by seminar participants at RIETI. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.