EMPIRICAL IMPACT OF PUBLIC INFRASTRUCTURE ON THE JAPANESE ECONOMY

被引：10

作者：

Annala, Christopher N. ^{[1
]}

Batina, Raymond G. ^{[2
]}

Feehan, James P. ^{[3
]}

机构：

[1] SUNY Coll Geneseo, Geneseo, NY 14454 USA

[2] Washington State Univ, Pullman, WA 99164 USA

[3] Mem Univ Newfoundland, St John, NF A1C 5S7, Canada

来源：

JAPANESE ECONOMIC REVIEW | 2008年 / 59卷 / 04期

关键词：

H41; H50; H54; R50;

D O I：

10.1111/j.1468-5876.2008.00427.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study the impact of public capital investment on individual sectors of the Japanese economy using time-series data for the period of 1970-1998. We employ a production function approach and also estimate a dynamic VAR/ECM model. We find significant differences in the employment effects, output effects and private investment effects across sectors. Public capital investment has a positive effect on employment in the finance, insurance and real estate (FIRE), manufacturing, construction and utilities sectors; on private investment in the FIRE, agriculture, transportation, trade and services sectors; and on output in the mining, FIRE, trade and manufacturing sectors.

引用

页码：419 / 437

页数：19

共 27 条

[1]

ASCHAUER D, 2001, PUBLIC FINANCE MANAG, V1, P135

[2] IS PUBLIC-EXPENDITURE PRODUCTIVE [J].