Decomposing local fiscal multipliers: Evidence from Japan

Kameda, Taisuke; Namba, Ryoichi; Tsuruga, Takayuki

doi:10.1016/j.japwor.2021.101053

Cited by 11 publications

(3 citation statements)

References 21 publications

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“…López et al (2017) believe that the key function of local governments is to provide a wide range of public services, and these services create spatial spillovers between neighboring cities. Kameda et al (2021) also argue that due to the strong interdependence of local economies in the absence of border effects, government expenditure in local economies easily spills over to other local economies. Banzhaf and Walsh (2008) validated Tiebout's theory, suggesting that improvements in public goods lead to an increase in population density in neighboring areas.…”

Section: Fiscal Expenditure and In-migration Populationmentioning

confidence: 99%

Spatial spillover effects of fiscal expenditure and economic opportunity on internal migration in Taiwan

Huang,

Hung,

Hung

et al. 2024

Asian and Pacific Migration Journal

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The purpose of this study was to understand the determining factors of in-migrant population registration in various counties or cities in Taiwan. Panel data from counties and cities in Taiwan from 2000 to 2021 were adopted, and spatial econometric analysis was conducted using the spatial Durbin model. In terms of spatial spillover effects, the in-migrant population of each county or city is influenced by the fiscal expenditure and economic opportunity factors of neighboring counties or cities, such as (1) expenditure on education, science and culture, (2) number of employed population, (3) average annual regular income per household, and (4) average disposable income per household.

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Section: Fiscal Expenditure and In-migration Populationmentioning

confidence: 99%

Spatial spillover effects of fiscal expenditure and economic opportunity on internal migration in Taiwan

Huang,

Hung,

Hung

et al. 2024

Asian and Pacific Migration Journal

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“…The regional budget multiplier of absorption exceeds 2.0. The absorption by-effect is significant in contrast to the production by-effect [23]. Another study showed that the initial production potential becomes a specific factor determining the right strategic decisions (in terms of scale) and the ability to make comprehensive investments in the modernization of regions, including those financed jointly with investment mechanisms [24].…”

Section: -Literature Reviewmentioning

confidence: 99%

Applying the Investment Multiplier to Identify Key Points of Economic Growth

et al. 2022

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The crisis phenomena irregularity due to the COVID-19 pandemic requires new, to a certain extent, non-routine tools for their settlement, namely the action effect enhancers of the state and private investors to develop the economy in conditions of shrinking volumes of available financial resources. The paper proposes the Investment Multiplier (IM) as such a tool. The author's model was generated based on a detailed description of developing multiplier processes to analyze its action. The study aims to estimate the IM values of the economies of Kurgan, Sverdlovsk, and Chelyabinsk, the most industrially developed Russian regions, and identify the main points of their economic growth. The key research method was regression analysis. The present study establishes interconnectivity between marginal propensity and savings, marginal propensity and imports, marginal tax rate, and investment accelerator, and their influence on the regional multiplier. From a position of investment multiplier, the authors try to narrow the research gap in how investment policies influence the economic growth of the Russian regions. The study results determine IM values for the analyzed regions, identifying their differences and reasons. The key points of economic growth in these regions were identified. The scientific novelty involves applying changes in regional multiplier processes' dynamics to determine the key development points. The practical significance is that the IM value is an analytical tool that will identify existing key points of regional economic development and, by managing the IM value, create new points for investments with a large-scale multiplier effect, thus developing the regional economy. Doi: 10.28991/ESJ-2022-06-02-05 Full Text: PDF

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“…In addition, the literature also widely presents ideas and studies of fiscal policy dependence, consumer behavior, and their impact on the AEM (Zhang et al 2020). The interrelation of the studied parameters during crisis periods (Kameda et al 2021) and the influence and role of public procurement on firms' capital investments in a difficult financial situation are gaining more and more applied significance (Fritsche et al 2021).…”

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confidence: 99%

Management of the Russian Interregional Investment Distribution Using the Autonomous Expenditure Multiplier Model

Сильвестров¹,

Pobyvaev²,

Reshetnikov³

et al. 2022

Economies

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An effective and competitive investment policy requires improvements to the existing tools. The ongoing COVID-19 crisis requires understanding as to how the recovery processes should be implemented. This study aims to develop a model for determining the autonomous expenditure multiplier (AEM) values, considering the investment accelerator action. The scientific novelty consists of proving that the AEM is not only an effects enhancer of the government and private investment, but also a tool to specify on the regional industrial map of Russia where investment projects will allow significant economic growth. The work’s practical significance consists of determining the possibility of applying the AEM as a tool to improve investment efficiency. The key research method was paired linear regression analysis. Based on the developed model, the AEM values for the economies of the five Central Federal District regions are calculated. Additionally, authors provide an explanation on how AEM values correlate to regional economic specialization. For example, atypically low AEM values for Moscow can be explained by high daily workforce movement among Moscow and the Moscow region. The information support difficulties of the proposed model are defined, and the directions to overcome them are proposed. Empirical results show significant differences in the AEM values of the researched regions, and that the AEM as a management tool for interregional investment distribution will help to invest the limited resources of both the state and private businesses more effectively. Additionally, authors establish that the achieved results fall in line with real macroeconomic situations within the regions, which proves that the proposed model reflects real world processes. Primary beneficiaries and end users of the study are government agencies, state-owned corporations, and members of broader scientific community.

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Decomposing local fiscal multipliers: Evidence from Japan

Cited by 11 publications

References 21 publications

Spatial spillover effects of fiscal expenditure and economic opportunity on internal migration in Taiwan

Spatial spillover effects of fiscal expenditure and economic opportunity on internal migration in Taiwan

Applying the Investment Multiplier to Identify Key Points of Economic Growth

Management of the Russian Interregional Investment Distribution Using the Autonomous Expenditure Multiplier Model

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