Public investment and regional business cycle fluctuations in Japan

Tomomi Miyazaki

Applied Economics Letters, 2017, vol. 24, issue 11, 795-799

Abstract: This article examines the relationship between public investment and regional business cycle fluctuations in Japan. In particular, we focus on the effects of ‘discretionary’ changes in public investment, a portion of investment unrelated to the current state of macroeconomic circumstances. The empirical results show that such portions of public investment amplify regional business cycle fluctuations.

Date: 2017
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DOI: 10.1080/13504851.2016.1229405

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