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Fiscal Adjustment in Japanese Municipalities
http://hdl.handle.net/2237/18308
http://hdl.handle.net/2237/18308350a9958-b173-4422-9be9-88246f870ff7
| 名前 / ファイル | ライセンス | アクション |
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E13-5revised.pdf Revised version, 2014.2 (299.1 kB)
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E13-5.pdf (185.2 kB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
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| 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× Bessho, Shun-ichiro |
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| 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 | ||||||
| 内容記述タイプ | Abstract | |||||
| 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 | |||||
| 出版者 | ||||||
| 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 | ja | |||||
| 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 |
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| 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 | |||||
