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ABSTRACT This article examines the relationship between public investment and regional business cycle fluctuations in Japan. In particular, we focus on the effects of ‘discretionary’ changes in public investment, a… Click to show full abstract
ABSTRACT This article examines the relationship between public investment and regional business cycle fluctuations in Japan. In particular, we focus on the effects of ‘discretionary’ changes in public investment, a portion of investment unrelated to the current state of macroeconomic circumstances. The empirical results show that such portions of public investment amplify regional business cycle fluctuations.
Keywords:
investment;
public investment;
regional business;
cycle fluctuations;
business cycle
Journal Title: Applied Economics Letters
Year Published: 2017
Link to full text (if available)
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Journal Title: Applied Economics Letters
Year Published: 2017
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!