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Capitalization, Local Public Services and Regional Infrastructures: A Test for the Efficient Level of Regional Public Capital (in Japanese)

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  • Masayoshi Hayashi

Abstract

that its net, not gross, benefits are capitalized into land rents. This paper also demonstrate that we validly employ the method by Brueckner (1982) to test the optimal level of regional public capital. We then apply the method to the case of regional infrastructure in Japan.

Suggested Citation

  • Masayoshi Hayashi, 2003. "Capitalization, Local Public Services and Regional Infrastructures: A Test for the Efficient Level of Regional Public Capital (in Japanese)," Economic Analysis, Economic and Social Research Institute (ESRI), vol. 171, pages 30-43, December.
    • Handle: RePEc:esj:esriea:171b
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    File URL: http://www.esri.go.jp/jp/archive/bun/bun171/bun171c.pdf
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    Cited by:

    1. Suzuki, Takafumi, 2021. "Capitalization of local government grants on land values: Evidence from Tokyo metropolitan area, Japan," Japan and the World Economy, Elsevier, vol. 60(C).

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