A study on the economic growth and crowding out effect by infrastructure in Japan

• Project/Area Number: 26380379
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Public finance/Public economy
• Research Institution: Meijo University
• Principal Investigator: Akagi Hirobumi 名城大学, 都市情報学部, 教授 (30254270)
• Project Period (FY): 2014-04-01 – 2017-03-31
• Project Status: Completed (Fiscal Year 2016)
• Budget Amount: ¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000); Fiscal Year 2016: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000); Fiscal Year 2015: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000); Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
• Keywords: 社会的インフラ / 実証分析 / クラウディングアウト / 生産要素 / 社会資本 / 人口移動

Outline of Final Research Achievements

The purpose of this research is theoretically and empirically to analyze relationship between infrastructure and employment. Especially, infrastructure or public investment may crowd out the non- constructional employment in the labour market. We empirically analyzed that the infrastructure or public investment decrease non-construction employment and increase construction employment by using prefecture panel data.
However, we could not have statistically significant evidence which infrastructures or public investments decrease non-construction employment and increase construction employment unfortunately. We will investigate this theme in the future.