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  1. A450 国際経済政策研究センター
  2. A450b 紀要
  3. Economic Research Center Discussion Paper E-Series

Fiscal Adjustment in Japanese Municipalities

http://hdl.handle.net/2237/18308
http://hdl.handle.net/2237/18308
350a9958-b173-4422-9be9-88246f870ff7
名前 / ファイル ライセンス アクション
E13-5revised.pdf E13-5revised.pdf Revised version, 2014.2 (299.1 kB)
E13-5.pdf E13-5.pdf (185.2 kB)
Item type 紀要論文 / Departmental Bulletin Paper(1)
公開日 2013-07-22
タイトル
タイトル Fiscal Adjustment in Japanese Municipalities
言語 en
著者 Ogawa, Hikaru

× Ogawa, Hikaru

WEKO 48911

en Ogawa, Hikaru

Search repository
Bessho, Shun-ichiro

× Bessho, Shun-ichiro

WEKO 48912

en Bessho, Shun-ichiro

Search repository
アクセス権
アクセス権 open access
アクセス権URI http://purl.org/coar/access_right/c_abf2
キーワード
主題Scheme Other
主題 Dynamic fiscal adjustment
キーワード
主題Scheme Other
主題 municipal policy
抄録
内容記述 This paper studies how Japanese municipalities restore their fiscal balance after a budget shock. The results show that fiscal adjustments to a shock are mainly made by subsequent changes in government investment and government consumption: about 80-89% (21-24%) of a permanent unit innovation in grants and own revenue is adjusted by changes in government investment (consumption). The contribution of government expenditure in balancing local budgets is much larger in Japan than in other countries. In contrast to the role played by the expenditure side, the municipalities’ own-source revenue plays a limited role in the adjustment process of local budget balancing. In addition, it is observed that government investment is highly volatile in Japan than in other countries. However, the magnitude of volatility in municipalities’ own revenue and grants is small, implying that the municipalities face restrictions in adjusting their fiscal balance by own-source revenue and the higher-level government provides grants rigidly. This paper additionally analyzes a sample based on population size and time period.
言語 en
内容記述タイプ Abstract
出版者
言語 ja
出版者 名古屋大学大学院経済学研究科附属国際経済政策研究センター
言語
言語 eng
資源タイプ
資源 http://purl.org/coar/resource_type/c_6501
タイプ departmental bulletin paper
出版タイプ
出版タイプ VoR
出版タイプResource http://purl.org/coar/version/c_970fb48d4fbd8a85
書誌情報 en : Economic Research Center Discussion Paper

号 E13-5, 発行日 2013-07
著者版フラグ
値 publisher
シリーズ
関連名称 E-Series;E13-5;
URI
識別子 http://hdl.handle.net/2237/18308
識別子タイプ HDL
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