Measurement of Regional Redistributive Effects of Investment for Reconstruction from the Great East Japan Earthquake (Japanese)

Yasuhisa Hayashiyama, Kazunori Nakajima, Naoki Sakamoto and Masahiro Abe

Discussion Papers (Japanese) from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: After the Great East Japan Earthquake of 2011, government investment in the disaster stricken areas was provided for reconstruction of capital stock damaged, and dynamic analysis is needed to reveal the long-term effects of investment. On the other hand, government investment for reconstruction results in increased aggregate demand, gross income, and gross production in the disaster areas, and has spillover effects on the other prefectures except for the disaster areas, even if the amount of damaged capital stock is given. The purpose of this study is to measure the economic impacts and regional spillover effects of investment in the disaster areas for reconstruction, by focusing on the impacts of investment in the disaster areas for reconstruction on the demand-side effects and by using a multi-regional computable general equilibrium model (MRCGE) that consists of 47 prefectures and 20 industrial sectors.

Pages: 44 pages
Date: 2014-01
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Persistent link: https://EconPapers.repec.org/RePEc:eti:rdpsjp:14004

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