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Spatial crowding-out and crowding-in effects of government spending on the private sector

Research Project

Project/Area Number 17K03770
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Public finance/Public economy
Research InstitutionTohoku Gakuin University

Principal Investigator

Funashima Yoshito  東北学院大学, 経済学部, 准教授 (30635769)

Co-Investigator(Kenkyū-buntansha) 大塚 芳宏  東北学院大学, 経済学部, 教授 (20632235)
Project Period (FY) 2017-04-01 – 2021-03-31
Project Status Completed (Fiscal Year 2020)
Budget Amount *help
¥2,990,000 (Direct Cost: ¥2,300,000、Indirect Cost: ¥690,000)
Fiscal Year 2019: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2018: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2017: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Keywords政府支出 / 民間需要 / 地域間スピルオーバー
Outline of Final Research Achievements

This research project obtains the following results. (1) We point out that when assessing the effects of government spending, it is necessary to consider that economic activities such as private consumption and investment have a positive correlation between neighboring regions. (2) We find some noticeable regional differences in the spatial effects of government spending, such as the partial crowding-in effects of government consumption on private consumption for Kanto (the Tokyo metropolitan area) and those of public investment on private consumption for Shikoku (a rural island). (3) We demonstrate that the Japanese government subsidy during COVID-19 increases the number of domestic hotel guests. In particular, more hotel guests are shown to be traveling to other prefectures and economic zones for sightseeing.

Academic Significance and Societal Importance of the Research Achievements

日本では少子高齢化が加速するなかで、地方経済を活性化するための政策を実施することが喫緊の課題となっている。財政出動に期待されることの一つは、その経済効果を都市圏だけでなく地方圏にも波及させ、民間部門の持続的な成長を促進することである。本研究で得られた研究成果は、地域に適した政府支出の検討が重要であることを示唆するものであり、民間の経済活動を活性化するために有効な政府支出のあり方についての指針を示したものである。

Report

(5 results)
  • 2020 Annual Research Report   Final Research Report ( PDF )
  • 2019 Research-status Report
  • 2018 Research-status Report
  • 2017 Research-status Report
  • Research Products

    (11 results)

All 2021 2020 2019 2018 2017

All Journal Article (7 results) (of which Peer Reviewed: 7 results,  Open Access: 1 results) Presentation (4 results) (of which Int'l Joint Research: 3 results)

  • [Journal Article] Time-Frequency Regression2021

    • Author(s)
      Yoshito Funashima
    • Journal Title

      Journal of Econometric Methods

      Volume: 10 Issue: 1 Pages: 21-32

    • DOI

      10.1515/jem-2019-0025

    • Related Report
      2020 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Global economic activity indexes revisited2020

    • Author(s)
      Yoshito Funashima
    • Journal Title

      Economics Letters

      Volume: 193 Pages: 109269-109269

    • DOI

      10.1016/j.econlet.2020.109269

    • Related Report
      2019 Research-status Report
    • Peer Reviewed
  • [Journal Article] Money stock versus monetary base in time-frequency exchange rate determination2020

    • Author(s)
      Yoshito Funashima
    • Journal Title

      Journal of International Money and Finance

      Volume: 104 Pages: 102150-102150

    • DOI

      10.1016/j.jimonfin.2020.102150

    • Related Report
      2019 Research-status Report
    • Peer Reviewed
  • [Journal Article] GDP announcements and stock prices2020

    • Author(s)
      Yoshito Funashima, Nobuo Iizuka, Yoshihiro Ohtsuka
    • Journal Title

      Journal of Economics and Business

      Volume: 108 Pages: 105872-105872

    • DOI

      10.1016/j.jeconbus.2019.105872

    • Related Report
      2019 Research-status Report
    • Peer Reviewed
  • [Journal Article] Spatial crowding-out and crowding-in effects of government spending on the private sector in Japan2019

    • Author(s)
      Yoshito Funashima, Yoshihiro Ohtsuka
    • Journal Title

      Regional Science and Urban Economics

      Volume: 75 Pages: 35-48

    • DOI

      10.1016/j.regsciurbeco.2019.01.008

    • Related Report
      2018 Research-status Report
    • Peer Reviewed
  • [Journal Article] Monetary policy, financial uncertainty, and secular stagnation2018

    • Author(s)
      Yoshito Funashima
    • Journal Title

      The North American Journal of Economics and Finance

      Volume: In Press Pages: 100863-100863

    • DOI

      10.1016/j.najef.2018.10.011

    • Related Report
      2018 Research-status Report
    • Peer Reviewed
  • [Journal Article] A Comprehensive Analysis of the Response of Private Consumption to Government Spending2017

    • Author(s)
      Yoshito Funashima
    • Journal Title

      Theoretical Economics Letters

      Volume: 07 Issue: 07 Pages: 1965-1974

    • DOI

      10.4236/tel.2017.77133

    • Related Report
      2017 Research-status Report
    • Peer Reviewed / Open Access
  • [Presentation] Efficient Bayesian Estimation for the Space-time Stationary Condition with Blocked Sampling Approach2019

    • Author(s)
      Yoshihiro Ohtsuka
    • Organizer
      3rd International Conference on Econometrics and Statistics
    • Related Report
      2019 Research-status Report
    • Int'l Joint Research
  • [Presentation] Money Stock versus Monetary Base in Time-Frequency Exchange Rate Determination2019

    • Author(s)
      Yoshito Funashima
    • Organizer
      The 15th International Conference of Western Economic Association International
    • Related Report
      2018 Research-status Report
    • Int'l Joint Research
  • [Presentation] Spatial crowding-out and crowding-in effects of government spending on the private sector in Japan2017

    • Author(s)
      Yoshito Funashima
    • Organizer
      The 73nd Annual Congress of the International Institute of Public Finance
    • Related Report
      2017 Research-status Report
    • Int'l Joint Research
  • [Presentation] Spatial crowding-out and crowding-in effects of government spending on the private sector in Japan2017

    • Author(s)
      大塚 芳宏
    • Organizer
      2017年度統計関連学会連合大会
    • Related Report
      2017 Research-status Report

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Published: 2017-04-28   Modified: 2022-01-27  

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