Please use this identifier to cite or link to this item: https://doi.org/10.1111/ecoj.12076
Title: Local Government Spending Multipliers and Financial Distress: Evidence from Japanese Prefectures
Authors: Brückner, M. 
Tuladhar, A.
Issue Date: 2013
Citation: Brückner, M., Tuladhar, A. (2013). Local Government Spending Multipliers and Financial Distress: Evidence from Japanese Prefectures. Economic Journal. ScholarBank@NUS Repository. https://doi.org/10.1111/ecoj.12076
Abstract: We estimate local government spending multipliers using annual data for 47 Japanese prefectures during the 1990s. Our main findings are as follows: the average local government spending multiplier is positive and significantly different from zero but not larger than one; there are large and significant differences in the output effects of different types of government expenditures: transfers to firms have the highest multiplier, significantly larger than one, while transfers to households have the lowest multiplier, significantly below zero; firms' financial distress has a significant negative effect on the local government spending multiplier, in contrast to economic slack that has a significant positive effect. © 2013 Royal Economic Society.
Source Title: Economic Journal
URI: http://scholarbank.nus.edu.sg/handle/10635/124322
ISSN: 00130133
DOI: 10.1111/ecoj.12076
Appears in Collections:Staff Publications

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