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Local Public Investment and Regional Business Cycle Fluctuations in Japan

Tomomi Miyazaki () and Haruo Kondoh ()
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Tomomi Miyazaki: Graduate School of Economics, Kobe University
Haruo Kondoh: Department of Economics, Seinan Gakuin University

Economics Bulletin, 2017, vol. 37, issue 1, 402-410

Abstract: This paper examines the relationship between regional business cycle fluctuations and local public investment in Japan. The empirical results show that the local public investment decided by political factors does not necessarily amplify the fluctuations in prefectural business cycles.

Keywords: Local public investment; Volatility of the regional economy; Regional business cycles (search for similar items in EconPapers)
JEL-codes: E6 H7 (search for similar items in EconPapers)
Date: 2017-02-26
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