Hostname: page-component-76fb5796d-dfsvx Total loading time: 0 Render date: 2024-04-28T18:29:06.931Z Has data issue: false hasContentIssue false
  • English
  • Français

The Timing of Public Spending in Japan and the US

Published online by Cambridge University Press:  01 August 2008

SEIJI FUJII
SEIJI FUJII*
Affiliation:
Chuo University, Tokyosfujii@tamacc.chuo-u.ac.jp
Get access Rights & Permissions [Opens in a new window]

Abstract

This paper considers a monthly pattern in government spending. I have found that public spending increases at the end of the fiscal year for both the Japanese central government and the US federal government and that the effects are stronger in recent years than in the past. I then propose two hypotheses that would explain why public spending increases at the end of the fiscal year.

Type
Research Article
Information
Japanese Journal of Political Science , Volume 9 , Issue 2 , August 2008 , pp. 145 - 159
Copyright
Copyright © Cambridge University Press 2008

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Alesina, Alberto and Allen, Drazen (1991), ‘Why Are Stabilizations Delayed?’, American Economic Review, 81: 1170–88.Google Scholar
Asahi, Shimbun, 25 August 2002Google Scholar
Dixit, Avinash (1992), ‘Investment and Hysteresis’, Journal of Economics Perspectives, 6: 107–32.CrossRefGoogle Scholar
Franzese, Robert J. Jr. (2002), ‘Electoral and Partisan Cycles in Economic Policies and Outcomes’, Annual Review of Political Science, 5: 369–421.CrossRefGoogle Scholar
Johnston, Jack and Dinardo, John (1997), Econometric Methods (Fourth Edition), New York: McGraw-Hill.Google Scholar
Keech, William R. and Kyoungsan Pak (1989), ‘Electoral Cycles and Budgetary Growth in Veterans' Benefit Programs’, American Journal of Political Science, 33: 901–11.CrossRefGoogle Scholar
Constitution Research Institute (Kensetsu Bukka Chosa-kai) (various issues), Monthly Construction Statistics (Kensetu Toukei Geppou), Compiled by Information and Research Department, Policy Bureau, Ministry of Land, Infrastructure and Transport of Japan.Google Scholar
Kohno, Masaru and Yoshitaka Nishizawa (1990), ‘A Study of the Electoral Business Cycle in Japan: Elections and Government Spending on Public Construction’, Comparative Politics, 22: 151–66.CrossRefGoogle Scholar
Muller, Dennis. C. (1989), Public Choice II, Cambridge: Cambridge University Press.Google Scholar
Nordhaus, William. D. (1975), ‘The Political Business Cycle’, Review of Economic Studies, 42: 169–90.CrossRefGoogle Scholar
Schuknecht, Ludger (2000), ‘Fiscal Policy Cycles and Public Expenditure in Developing Countries’, Public Choice, 102: 115–30.CrossRefGoogle Scholar
Tufte, Edward. R. (1978), Political Control of the Economy, Princeton, NJ: Princeton University Press.CrossRefGoogle Scholar
United States Bureau of the Census, Value of Construction Put in Place, Retrieved from the Web site: http://www.census.gov/const/C30/oldtc.html.Google Scholar
United States Bureau of the Census (1999), Value of Construction Put in Place, Washington, DC: US Government Printing Office, May and December.Google Scholar