Infrastructure-Related Expenditures and Population Aging in Japan

Kimiko Terai, Amihai Glazer and Naomi Miyazato
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Kimiko Terai: Keio University
Amihai Glazer: University of California
Naomi Miyazato: Nihon University Chiyoda

Chapter Chapter 2 in The Political Economy of Population Aging, 2021, pp 17-32 from Springer

Abstract: Abstract HowInfrastructure does agingAging affectInfrastructure-related expenditure government activities? This chapter empirically analyzes this concern by focusing on public spending, such as public investmentPublic investment. Some studies have confirmed that agingAging negatively impacts public spending that brings long-term benefitsLong-term benefits for us. Jäger and Schmidt (2016) show that aging negatively impacts investments of public capital. Instead, studies on public capital investments in Japan have focused on their productivity and efficiency. Some of these studies show that Japan’s public capital investment was performed inefficiently and allocated unfairly across regions. This biased regional allocation is attributed to political processes. In this chapter, we analyze public capital investment from the perspectives of both aging and regional allocation.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advchp:978-981-16-5536-4_2

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DOI: 10.1007/978-981-16-5536-4_2

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