We overcome the problems of data availability and investigate the fiscal multipliers in autonomous prefectures in China. We first estimate the long-run elasticity of gross regional production with respect to fiscal expenditure in autonomous prefectures, using autoregressive distributed lag...

We propose a new empirical approach to analyzing fiscal decentralization and apply it to Chinese intergovernmental fiscal relationships between the central government and provincial governments. In calculating budgetary revenue and expenditure shares, we include extra budgetary revenue and...

Using a disequilibrium model, we investigate the relationship between the supply constraint of electricity generation capacity and electricity demand in Taiwan. We find that electricity consumption faced supply constraints in Taiwan between 1959 and 1972, but that after 1973 generation capacity...

The standard argument is that while money creation and credit creation have different channels, they provide the same theoretical size of multipliers. However, there is usually some difference in practice. Consequently, in this paper we investigate the long-run relationship between the credit...

We investigate the effects of urban and rural populations and area sizes on the expenditures of the prefecture-level local government. We found the following three results. The first relates to the expenditure for urban populations. At around 220,000 people, per capita local government...

We conducted a questionnaire survey in the Kanto area regarding peoplefs dissatisfaction with various aspects of their dwelling environment. Dissatisfaction with access to transportation, shopping and medical facilities are important reasons for moving house. Probit model estimation implies that...

In this paper, we investigate causal relationships among exports, imports, and economic growth in North Korea by using time series data for the period between 1964 and 2004. The empirical results show that there was Granger causality from imports to GNP in the first half of the period. However,...

Medical school usually has the highest tuition fees among the university departments. The reason why students pay such expensive fees is that they estimate that their earnings will greatly increase after graduation. We construct a model about student behavior on entering college and estimate the...

In this paper, we investigate the asymmetry of adjustment costs for labour. Using monthly data on Japanese industries, we estimate a model of dynamic labour demand that incorporates adjustment costs for hiring and firing workers, and for changing working hours. Our estimates suggest the...

This paper attempts to forecast the changes in the Kansai-Areafs import and export when the East Asia Free Trade Agreements (FTA) is concluded among several countries in East and South-East Asia. We simulate the changes in the Kansai-Areafs trade in the following manner. First, we survey the...