Interactions between Regional Public and Private Investment: Evidence from Japanese Prefectures

Tomomi Miyazaki

No 1608, Discussion Papers from Graduate School of Economics, Kobe University

Abstract: This paper examines the effects of government investment on private sector capital investment by investigating Japanese prefecture data. Empirical results show that crowding-out effect is observed in some sectors especially in rural areas where the government had invested heavily before the 1990s. This suggests that public investment is not necessarily useful to stimulate the economic activities through private capital formation there.

Keywords: Regional public investment; Crowding-in/out effect; Sector investment (search for similar items in EconPapers)
JEL-codes: E62 H54 R42 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2016-03
New Economics Papers: this item is included in nep-mac and nep-ure
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Interactions between regional public and private investment: evidence from Japanese prefectures (2018)
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