Public Investment as a Fiscal Stimulus : Evidence from Japan's Regional Spending During the 1990s

Evidence from Japan's Regional Spending During the 1990s

Public Investment as a Fiscal Stimulus : Evidence from Japan's Regional Spending During the 1990s
How effective was public investment in stimulating the Japanese economy during the economic stagnation of the 1990s? Using a dataset of regional public investment spending, we find that investment multipliers were higher than for public consumption, although they were relatively low and declining over time. The paper also finds that the READ MORE...

Publication date: April 2010
ISBN 9781455200696
$18.00

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