| Project/Area Number |
25380368
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Public finance/Public economy
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| Research Institution | Aoyama Gakuin University |
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Principal Investigator |
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| Co-Investigator(Kenkyū-buntansha) |
HORIBA Isao 青山学院大学, 経済学部, 教授 (70173648)
FUNASHIMA Yoshito 東北学院大学, 経済学部, 准教授 (30635769)
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| Project Period (FY) |
2013-04-01 – 2016-03-31
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| Project Status |
Completed (Fiscal Year 2015)
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| Budget Amount *help |
¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000)
Fiscal Year 2015: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2014: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2013: ¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000)
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| Keywords | 景気対策 / 地方政府 / 公共投資 / 補助事業 / 単独事業 / 地方税 / ビルト・イン・スタビライザー / ビルトイン・スタビライザー |
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| Outline of Final Research Achievements |
This research project obtains the following results. (1) As part of fundamental problems with fiscal stimulus measures, we point out the presence of money illusion, political manipulation of macroeconomic policies, and ways of stimulating an economy through government expenditures without a decline in private consumption. (2) We find that the effect of fiscal stimulus measure is small after the 1990s in Japan, because local government investments fail to coordinate with central government investments and non-subsidized expense by local government is not implemented according to requests by central government. (3) We identify the Japanese local tax movements as an automatic stabilizer and demonstrate that the automatic stabilizers become more effective as output volatility increases.
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