Public Investment and Regional Business Fluctuations in Japan

• 발행기관: 한국재정학회(구 한국재정·공공경제학회)
• 저자명: Tomomi Miyazaki
• 간행물 정보: 『한국재정학회 학술대회 논문집』2011년도 추계학술대회 논문집, 71~93쪽, 전체 23쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2011.10.30

영문 초록

This paper examines the relationship between regional business fluctuations and the “discretionary” change in public investment, which is not related to the current state of the economy in the Japanese prefectures. The empirical results show that the public investment unrelated to the state of the current macroeconomic circumstances in each prefecture causes fluctuations in the regional economy. This result suggests that the increase in public investments as a part of income distribution among the regions may overheat the regional economy and that the decrease in investment after 2001 have very seriously exacerbated the regional economy’s slump.

목차

Abstract

1. Introduction

2. Empirical Framework

3. Empirical Results

4. Conclusions

A Data Set

References

키워드

Public investment in infrastructure Discretional policy Volatility of the regional economy