Impacts of Tourism and Fiscal Expenditure on Remote Islands in Japan: A Panel Data Analysis

Noriko Ishikawa and Mototsugu Fukushige ()

No 06-21, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: Japan consists of many small inhabited islands in addition to four main islands. We examine the impact of fiscal expenditure and the number of tourists on per capita taxable income in remote islands using panel data analysis. The results show that both fiscal expenditure and population size have significant positive impacts on per capita taxable income, whereas the number of tourists does not have statistically significant impact. They indicate that tourism development would not work as a substitute for financial support from the government. In other words, continuous financial support may be needed to maintain the islands f economies.

Keywords: Tourism Multiplier; Fiscal Multiplier; Remote Islands; Panel Data Analysis (search for similar items in EconPapers)
JEL-codes: L83 O23 Q56 R58 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2006-07
New Economics Papers: this item is included in nep-geo, nep-pbe, nep-sea and nep-tur
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:0621

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