IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Local Government Spending: Solving the Mystery of Japanese Fiscal Packages

  • Hiroko Ishii

    (Peterson Institute for International Economics)

  • Erika Wada

    ()

    (Peterson Institute for International Economics)

Registered author(s):

    Since the asset-price bubble burst in 1990, the Japanese government has repeatedly announced fiscal measures to boost the economy. The government claims that discretionary fiscal spending from fiscal year 1992 to 1996 (although there was no stimulus measure in 1996) amounted to more than 65 trillion yen: half of that supposed stimulus went to public works, such as construction and infrastructure, and 20 percent of it took the form of tax cuts. Despite these economic measures, Japanese economic growth has been stagnant for more than 6 years, except for 1996, when the Japanese economy grew by approximately 3 percent.3 Why haven't the Japanese fiscal packages worked? The large part of the answer, which we address in this paper, has been the biggest part of the announced packages, namely, public spending.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.piie.com/publications/wp/wp.cfm?ResearchID=146
    Download Restriction: no

    Paper provided by Peterson Institute for International Economics in its series Working Paper Series with number WP98-5.

    as
    in new window

    Length:
    Date of creation: 1998
    Date of revision:
    Handle: RePEc:iie:wpaper:wp98-5
    Contact details of provider: Postal: 1750 Massachusetts Avenue, NW, Washington, DC 20036-1903
    Phone: 202-328-9000
    Fax: 202-659-3225
    Web page: http://www.piie.comEmail:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:iie:wpaper:wp98-5. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peterson Institute webmaster)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.