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クラモト タカシ
KURAMOTO TAKASHI
倉本 宜史 所属 京都産業大学 経済学部 経済学科 職種 教授 |
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| 言語種別 | 英語 |
| 発行・発表の年月 | 2014/02 |
| 形態種別 | 研究論文 |
| 標題 | Spatial patterns of flypaper effects for local expenditure by policy objective in Japan: A Bayesian approach |
| 執筆形態 | 共著 |
| 掲載誌名 | ECONOMIC MODELLING |
| 掲載区分 | 国外 |
| 出版社・発行元 | ELSEVIER SCIENCE BV |
| 巻・号・頁 | 37,pp.500-506 |
| 著者・共著者 | Kazuhiko Kakamu,Hideo Yunoue,Takashi Kuramoto |
| 概要 | The empirical work on local public finance has found that the marginal effect of lump-sum grants on expenditure is larger than that of income, thereby providing evidence of the "flypaper effect". However, most existing studies only employ single equation models to test the flypaper effect. In this paper, we specify a seemingly unrelated regression (SUR) model to examine the flypaper effect in Japan, primarily because other categories of expenditure influence the expenditure on particular policy objectives. We also include spatial interaction in our estimation model and employ a Bayesian approach in estimating our model. Our results show that SUR with a spatial error model is better for this purpose than several other specifications. Using this approach, we observe evidence of the flypaper effect in land development, police, education, and debt expenditure, and spatial interaction in sanitation, police, education, and disaster recovery expenditure. |
| DOI | 10.1016/j.econmod.2013.11.028 |
| ISSN | 0264-9993/1873-6122 |
| PermalinkURL | https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84890948178&origin=inward |