Public investment as a fiscal stimulus : evidence from Japan's regional spending during the 1990s /

Public investment as a fiscal stimulus : evidence from Japan's regional spending during the 1990s /

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Bibliographic Details
Author / Creator:	Bruckner, Markus, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2010.
Description:	1 online resource (33 pages) : color illustrations
Language:	English
Series:	IMF working paper ; WP/10/110 IMF working paper ; WP/10/110.
Subject:	Fiscal policy -- Japan -- Econometric models. Public investments -- Japan -- Econometric models. Economic policy -- Econometric models. Fiscal policy -- Econometric models. Public investments -- Econometric models. Japan -- Economic policy -- 1989- -- Econometric models. Japan. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499185

Hidden Bibliographic Details
Other authors / contributors:	Tuladhar, Anita, author. International Monetary Fund. Fiscal Affairs Department, issuing body.
ISBN:	1283554178 9781283554176 9781455288892 1455288896 9781455200696 1455200697
Notes:	Includes bibliographical references (pages 30-33). Print version record.
Summary:	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 effectiveness of economic infrastructure investment, implemented mainly by the central government, is lower than that of social investment mostly undertaken by local governments. These results suggest that while public investment may yield higher output effects than other spending, its effectiveness depends upon its composition, the level of government implementation, and supply side factors.
Other form:	Print version: Bruckner, Markus. Public investment as a fiscal stimulus. [Washington, D.C.] : International Monetary Fund, 2010

Description
Summary:	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 effectiveness of economic infrastructure investment, implemented mainly by the central government, is lower than that of social investment mostly undertaken by local governments. These results suggest that while public investment may yield higher output effects than other spending, its effectiveness depends upon its composition, the level of government implementation, and supply side factors.
Physical Description:	1 online resource (33 pages) : color illustrations
Bibliography:	Includes bibliographical references (pages 30-33).
ISBN:	1283554178 9781283554176 9781455288892 1455288896 9781455200696 1455200697