Fiscal Policy and Regional Business Cycle Fluctuations in Japan

Tomomi Miyazaki

No 583, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: This paper examines the relationship between fiscal policy and regional business cycle fluctuations in Japan. In particular, we focus on the effects of “discretionary” changes in public investment, a portion of investment unrelated to the current state of macroeconomic circumstances. The empirical results show that such types of public investment amplify regional business cycle fluctuations.

Keywords: Public investment in Japan; Business cycle fluctuation; Volatility in the regional economy (search for similar items in EconPapers)
JEL-codes: E32 E62 H30 H54 R53 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2013-03
New Economics Papers: this item is included in nep-mac and nep-pbe
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:583

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