English, Article, Journal or magazine article edition: Competition for Private Capital and Central Grants: The Case of Japanese Industrial Parks Shun-ichiro Bessho; Kimiko Terai

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Bookmark: http://trove.nla.gov.au/version/33892
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Competition for Private Capital and Central Grants: The Case of Japanese Industrial Parks
Author
  • Shun-ichiro Bessho
  • Kimiko Terai
Physical Description
  • preprint
Notes
  • We construct a simple model of fiscal competition taking `rent-seeking' behavior of local governments into account and estimate a policy reaction function based on the model. We consider the scale of public input as each local government's policy tool. Local autonomies' method of seeking central grants often takes the form of personnel exchange with central government. Our estimation of the policy reaction function suggests that such personnel exchange has an effect on the development of industrial parks.
  • Business area development; Policy competition; Rent-seeking, Spatial model
  • RePEc:irv:wpaper:080909
Language
  • English
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