A Simple Indicator of Local Government's Economic Policy: Example from Japan's New Local Revitalization Policy

  • Received : 2016.11.30
  • Accepted : 2016.12.20
  • Published : 2016.12.30

Abstract

Japan's new local revitalization plan is unique in that the national government has asked local governments to form their own initiatives; and we can expect that there will be various ideas from the perspectives of local residents. However, it is important to note that not all local governments considered the actions of their competitors and neighboring governments. Currently, Japanese industries are so interconnected that we cannot ignore the actions of others. In this paper, we propose a simple indicator that policy makers can use to determine the focus for the local economy.

Keywords

References

  1. Cabinet Office, Government of Japan (2015), Japan Revitalization Plan: Japan's Challenge for the Future.
  2. d'Aspremont, C., Gabszewicz, J. and Thisse, J. (1979), "On Hotelling's Stability in Competition," Econometrica, 47, 1145-1150. https://doi.org/10.2307/1911955
  3. Fukuda, Shinichi (2015), "Abenomics: Why was it so successful in changing market expectations?" Journal of The Japanese and International Economies, vol. 37, pp.1-20. https://doi.org/10.1016/j.jjie.2015.05.006
  4. Leotief, W. (1963), "The Structure of Development," in Leontief (1966), Input Output Economics. United Nations Population Division (2015), World Population Prospects: The 2015 Revision, Vol.I, ST/ESA/SER.A/379.
  5. Shibamoto, Nasagujim Tsutsui, Yoshihiko, Chisako Yamane (2016), "Understanding regional growth dynamics in Japan: Panel co-integration approach utilizing the PANIC method," Journal of The Japanese and International Economies, vol. 40, pp.17-30. https://doi.org/10.1016/j.jjie.2016.03.004
  6. Yamamoto, Masashi (2016), "The effect of cost fluctuation on waste trade and recycling in East Asia", in Yamamoto and Hosoda eds. The Economics of Waste Management in East Asia, Routledge, pp.191-208.