Inter-regional spillovers in Fukuoka Prefecture: Using VAR model
AbstractThis paper examines the question of inter-regional spillovers in Fukuoka Prefecture. Fukuoka Prefecture is located on the west side of Japan, and is near the Korean peninsula. There are two government-designated major cities in Fukuoka Prefecture. One is Fukuoka City, which is the central city in Fukuoka Prefecture. The other is Kitakyushu City, which is a big city with a population of about one million. The relationship between Fukuoka City and Kitakyushu City is not without problems. Because the two cities are independently administered, each government can execute the policy that best suits its own interest. On the other hand, it is important for Fukuoka Prefecture that both cities economy cooperate. We analyze this question within the framework of three or more than three regions vector-autoregressive (VAR) model. To express the economic relationship in this study, Fukuoka Prefecture is divided into Fukuoka City, Kitakyushu City, and the rest of Fukuoka Prefecture. We subject to extensive sensitivity analysis, with particular attention paid to the effects on the results of strong common output movements.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa11p360.
Date of creation: Sep 2011
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-05 (All new papers)
- NEP-GEO-2011-12-05 (Economic Geography)
- NEP-URE-2011-12-05 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Michael A. Kouparitsas, 2002. "Understanding U.S. regional cyclical comovement: How important are spillovers and common shocks?," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q IV, pages 30-41.
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