@article{2a789dc2fdad47178c40a54a9f17ec63,
title = "Fiscal reconstruction and local interest groups in Japan",
abstract = "This paper investigates the politicoeconomic properties of the fiscal reconstruction process in Japan by analyzing the dynamic game among local interest groups with concessions of region-specific privileges. Free-riding behavior of local interest groups brings numerous deficits. Our empirical evidence indicates that local privileges were powerful in the 1990s, which is the main reason fiscal reconstruction did not perform very well in the 1990s.",
keywords = "Fiscal reconstruction, Free riding, Local interest group",
author = "Takero Doi and Toshihiro Ihori",
note = "Funding Information: 9The consolidated account includes the General Account, the Special Account (SA) for Grants of Allocation Tax and Transferred Taxes, the SA for Government-Operated Land Improvement Projects, the SA for Measures for Structural Improvement of Coal, Petroleum and Energy Supply and Demand, the SA for National Forest Service (Forest Reservation Accounts only), the SA for Welfare Insurance (Child Allowance Account only), the SA for Road Improvement, the SA for Airport Development, the SA for Harbor Improvement, the SA for Promotion of Electric Power Resource Development (Electric Power Plant Location Account only) of the national government, and the ordinary account of local governments.",
year = "2002",
month = dec,
doi = "10.1006/jjie.2002.0518",
language = "English",
volume = "16",
pages = "492--511",
journal = "Journal of The Japanese and International Economies",
issn = "0889-1583",
publisher = "Academic Press Inc.",
number = "4",
}