Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/175516 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
School of Economics Discussion Papers No. 1705
Verlag: 
University of Kent, School of Economics, Canterbury
Zusammenfassung: 
We study the features of regional business cycles and growth in Japan. We find evidence of unconditional convergence over the 1955-2008 period. For the 1975-2008 period, we find evidence of convergence conditional on TFP gap, population growth, private investment rate and TFP growth. We also find that the consumption-output correlation puzzle exists, which implies that the idiosyncratic income shocks are not shared among prefectures and regions. Our analysis implies that frictions in financial markets are responsible for the low consumption risk-sharing among prefectures.
Schlagwörter: 
Japanese Economy
Regional Convergence
Regional Business Cycle Synchronization
JEL: 
E01
E32
O47
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
420.96 kB





Publikationen in EconStor sind urheberrechtlich geschützt.