Funashima, Yoshito; Horiba, Isao; Miyahara, Shoichi - Volkswirtschaftliche Fakultät, … - 2015
is, if any, small during the lost decades in Japan. To show this, it focuses on public investment by local governments … relation to economic fluctuation at prefectural level, due to the fiscal rigidity of local governments. Based on the fact that … the majority of Japan's public investment is carried out by local governments, it becomes clear that, as a problem prior …