IDEAS home Printed from https://ideas.repec.org/p/eti/rdpsjp/15038.html
   My bibliography  Save this paper

An Impact Analysis of Fiscal Measures to Promote Self-Sustained Economic Development in Okinawa using a Multi-regional CGE Model (Japanese)

Author

Listed:
  • OKIYAMA Mitsuru
  • IKEGAWA Maria
  • TOKUNAGA Suminori

Abstract

This paper analyzes the effective allocation of a comprehensive package of grants to the production activity sectors for the purpose of promoting self-sustained economic development in Okinawa prefecture. We find the following results by using a regional computable general equilibrium (CGE) model comprised of six regions including Okinawa. First, the economic welfare of Okinawa increased by 123.2 billion yen due to a public fiscal transfer of 98.7 billion yen based on the comprehensive package of grants in FY2014. We project the real gross regional product (GRP) of Okinawa as compared to the base year (2005) to be 2.155% higher, and 17,000 jobs in Okinawa were created under labor endowment in 2005. Second, we recommend revitalizing the manufacturing industry rather than the service industry such as tourism from the viewpoint of the spillover effect to other industries in Okinawa. Third, if the same amount of subsidy is given to either the agriculture and the related food processing industry or the transportation business, we would select the former over the latter because of the utilization of local resources and the industrial promotion of remote islands.

Suggested Citation

  • OKIYAMA Mitsuru & IKEGAWA Maria & TOKUNAGA Suminori, 2015. "An Impact Analysis of Fiscal Measures to Promote Self-Sustained Economic Development in Okinawa using a Multi-regional CGE Model (Japanese)," Discussion Papers (Japanese) 15038, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:rdpsjp:15038
    as

    Download full text from publisher

    File URL: https://www.rieti.go.jp/jp/publications/dp/15j038.pdf
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eti:rdpsjp:15038. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: TANIMOTO, Toko (email available below). General contact details of provider: https://edirc.repec.org/data/rietijp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.