人間環境学研究
Online ISSN : 1883-7611
Print ISSN : 1348-5253
ISSN-L : 1348-5253
原著
デフレーション下での公共事業の事業効果についての実証分析
藤井 聡柴山 桂太中野 剛志
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2012 年 10 巻 2 号 p. 85-90

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In this paper, a theoretical hypothesis that public works would have deterrence effects of deflation under the situation that deflation-gap exists was tested empirically. For testing this hypothesis empirically, we used macro-economics data in Japan since 1991 when the huge deflation-gap was brought by the collapse of the babble economy. As a result, we found that 1,000 billions yen's public works increases the GDP deflator by 0.2-0.8 % and increases nominal GDP by about 2,430 billions yen - 4,550 billions yen. This results support the hypothesis that public works would have deterrence effects of deflation under the situation that deflation-gap exists. It was also found that the deflation deterrence effects by the public works was larger than that by the in-crease export.

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© 2012 人間環境学研究会
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