Comparison of the productivity of public capital by project type: Central-government, subsidized-local, and unsubsidized-local projects in Japan

Kameda, Keigo; Lu, Zhenkun; Fukui, Masaki

doi:10.1016/j.japwor.2022.101119

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Cited by 4 publications

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Impact of fiscal policies on the labor market with search friction: An estimated DSGE model for Japan

Lu,

Kameda

2024

Journal of the Japanese and International Economies

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Impact of fiscal policies on the labor market with search friction: An estimated DSGE model for Japan

Lu,

Kameda

2024

Journal of the Japanese and International Economies

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Regional public infrastructures and development in decentralized Indonesia

Raksaka Mahi,

Resosudarmo

2024

Applied Economics

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Comparison of Various Fiscal Policies in the Face of Different Demographic Stages

YOSHINO,

KAMEDA,

MIYAMOTO

et al. 2024

Singapore Econ. Rev.

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This study examines the impact of aging on the effectiveness of various fiscal expenditures, including government consumption, one-time government transfers to households, public investment and R&D spending, using a dynamic stochastic general equilibrium model. Our findings reveal that (1) Aging enhances the effects of the transfer on augmenting GDP. (2) Regardless of aging, R&D expenditure consistently stands out over all time spans, with younger society benefiting more. (3) Public investment ranks second among for different fiscal policies in the long run, while shows bigger impact in younger society. (4) One-time transfer has only a temporary effect and is the least effective in boosting GDP in both young and old societies. (5) Multipliers for public investment and R&D expenditure increase with the accumulation of public capital and TFP. Their multiplier of young society is larger than old society because impact on consumption is much more effective.

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Comparison of the productivity of public capital by project type: Central-government, subsidized-local, and unsubsidized-local projects in Japan

Cited by 4 publications

References 21 publications

Impact of fiscal policies on the labor market with search friction: An estimated DSGE model for Japan

Impact of fiscal policies on the labor market with search friction: An estimated DSGE model for Japan

Regional public infrastructures and development in decentralized Indonesia

Comparison of Various Fiscal Policies in the Face of Different Demographic Stages

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