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Tomomi Miyazaki and Haruo Kondoh
''Local Public Investment and Regional Business Cycle Fluctuations in Japan''
( 2017, Vol. 37 No.1 )
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
JEL: E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General
H7 - State and Local Government; Intergovernmental Relations: General
Manuscript Received : Jan 11 2017 Manuscript Accepted : Feb 26 2017

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