1 Correction to: The Japanese Economic Review https://doi.org/10.1007/s42973-021-00098-4

In this article the affiliation ‘RIETI (Research Institute of Economy, Trade and Industry)’ for Dr. Fujii was missing.


Moreover, in this article the following acknowledgment was missing.


Daisuke Fujii is supported by JSPS Grant-in-Aid for Scientific Research (KAKENHI), Project Numbers 17K13744 and 20K13475, and Research Institute of Economy, Trade and Industry (RIETI). This paper was previously published as RIETI Discussion Paper Series 21-E-004.