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Capitalization, Local Public Services and Regional Infrastructures: A Test for the Efficient Level of Regional Public Capital (in Japanese)

Masayoshi Hayashi

Economic Analysis, 2003, vol. 171, 30-43

Abstract: that its net, not gross, benefits are capitalized into land rents. This paper also demonstrate that we validly employ the method by Brueckner (1982) to test the optimal level of regional public capital. We then apply the method to the case of regional infrastructure in Japan.

Date: 2003
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http://www.esri.go.jp/jp/archive/bun/bun171/bun171c.pdf (application/pdf)

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Working Paper: Capitalization Local Public Services and Public Infrastructures: A Test for the Efficient Level of Regional Public Capital(in Japanese) (2003) Downloads
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