Abstract
The purpose of this paper is to investigate the efficiency of construction type investment as fiscal policy from the point of view of the multiplier effects. The multiplier effects which are derived from eighteen types of construction investment are measured by input-output analysis at six points of time from 1965 to 1990.
We take notice of a secular changes of the multiplier effects, and examine the factor of changing in consideration of the efficiency of inducement to production, the changes of international trade, and the generation efficiency of final demand by investment.
