Public investment and the fiscal common pool problem on municipal mergers in Japan

Haruaki Hirota and Hideo Yunoue

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this paper is to reveal which kinds of public investment cause municipal mergers to create a fiscal common pool problem in Japan. In particular, we focus on whether municipal mergers increase road and public park construction just before the mergers or not because previous papers reveal only that municipal mergers increase local bonds. The empirical results reveal that the subordinate merger partners rapidly increase their road and public park expenses just before mergers.

Keywords: fiscal common pool problem; municipal mergers; public investment; subordinate merger partner (search for similar items in EconPapers)
JEL-codes: H72 H76 (search for similar items in EconPapers)
Date: 2019-08-15
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https://mpra.ub.uni-muenchen.de/95571/1/MPRA_paper_95571.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/98862/1/MPRA_paper_95571.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/98862/6/MPRA_paper_98862.pdf revised version (application/pdf)

Related works:
Journal Article: Public investment and the fiscal common pool problem on municipal mergers in Japan (2020)
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