Dynamic Macroeconomic Analysis for Local Government Deficit

本研究从理论方法和实证方法两方面分析了地方政府财政政策对地方经济的影响。对于前者，武内的《地方经济与地方政府》和柳原的《地方经济与市政债券》把握了地方经济的产业结构与地方政府公共财政的关系，指明了未来公共财政的方向。竹内的《地方财政效率与分权》成功地从公共行政效率的角度切入了地方政府合并问题。另一方面，对于后一种方法，坂本的《基于来源的资本所得税福利分析》和《基于居民的资本所得税福利分析》先进的动态宏观经济分析表明，地方政府的这种税收如何影响区域福利水平和其他地区的福利水平。同样，Sakamoto、Takeuchi和Yanagihara在《地方公共财政对劳动力迁移的影响》中扩展了Sakamoto的分析，使分析劳动力流动存在下地方政府财政政策的影响成为可能。

This research analyzed the effects of fiscal policy by local governments on the local economies from the view of both theoretical approach and empirical approach.Regarding the former approach, "Local Economies and Local Governments" by Takeucbi and "Local Economies and Municipal bonds" by Yanagihara grasped the relationship between the industrial structure of local economies and public finance of local governments and showed the direction of public finance toward the future. "Efficiency of Local Public Finance and Decentralization" by Takeuchi succeeded in attacking the problem of the merger of local governments from the viewpoint of the efficiency of public administration.For the latter approach, on the other hand, "Welfare Analysis for the Source-based Capital Income Taxation" and "Welfare Analysis for the Residence-based Capital Income Taxation" by Sakamoto advanced dynamic macroeconomic analysis to show how such taxation by the local governments affects both the welfare level of the region's welfare and that of the other one. In the same way, Sakamoto, Takeuchi and Yanagihara, in "The Effects of Local Public Finance on Labor Migration," expanded Sakamoto's analyses and made it possible to analyze the effects of fiscal pocicies of local governments under the existence of labor mobility.