Did the bubble burst cause structural breaks in the Japanese economy? Evidence from 84 manufacturing industries: Applied Economics Letters: Vol 12, No 6

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Abstract

This paper examines the existence of structural breaks in the output time series of 84 Japanese manufacturing industries. The main result is that the effect of the bubble burst in the early 1990s was so limited that on the basis of value added, only 28% of production had structural breaks.

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Did the bubble burst cause structural breaks in the Japanese economy? Evidence from 84 manufacturing industries

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Did the bubble burst cause structural breaks in the Japanese economy? Evidence from 84 manufacturing industries

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