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Local Public Investment and Regional Business Cycle Fluctuations in Japan

Author

Listed:
  • Tomomi Miyazaki

    (Graduate School of Economics, Kobe University)

  • Haruo Kondoh

    (Department of Economics, Seinan Gakuin University)

Abstract

This paper examines the relationship between regional business cycle fluctuations and local public investment in Japan. The empirical results show that the local public investment decided by political factors does not necessarily amplify the fluctuations in prefectural business cycles.

Suggested Citation

  • Tomomi Miyazaki & Haruo Kondoh, 2017. "Local Public Investment and Regional Business Cycle Fluctuations in Japan," Economics Bulletin, AccessEcon, vol. 37(1), pages 402-410.
    • Handle: RePEc:ebl:ecbull:eb-17-00026
    as

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    References listed on IDEAS

    as
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    Cited by:

    1. Funashima, Yoshito & Ohtsuka, Yoshihiro, 2019. "Spatial crowding-out and crowding-in effects of government spending on the private sector in Japan," Regional Science and Urban Economics, Elsevier, vol. 75(C), pages 35-48.
    2. Funashima, Yoshito & Horiba, Isao & Miyahara, Shoichi, 2015. "Local Government Investments and Ineffectiveness of Fiscal Stimulus during Japan's Lost Decades," MPRA Paper 61333, University Library of Munich, Germany.

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    More about this item

    Keywords

    Local public investment; Volatility of the regional economy; Regional business cycles;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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