An Economic Analysis of Intra-governmental Account Transfers: Social Security and Public Infrastructure in Japan

22 Pages Posted: 12 Apr 2019

See all articles by Yoshimi Adachi

Yoshimi Adachi

Konan University - Department of Economics

Tomoki Kitamura

Tohoku Gakuin University; NLI Research Institute, Finance Research Group

Date Written: March 23, 2019

Abstract

In the context of limited local government resources, it is often targeted to secure financial resources for social security expenditures for the aging society and upkeep expenditures against the aging of public infrastructure facilities. This paper examines whether transfers from general accounts to special accounts and public enterprise accounts have a significant impact on the financial burden of local governments, using panel data from Japanese local governments. We find that transfer to special accounts and public enterprise can inflate the net liabilities.

Keywords: local tax revenue; public deficit; money transfers; finance and administration management

JEL Classification: H71, H72, G31, G32, G38

Suggested Citation

Adachi, Yoshimi and Kitamura, Tomoki, An Economic Analysis of Intra-governmental Account Transfers: Social Security and Public Infrastructure in Japan (March 23, 2019). Available at SSRN: https://ssrn.com/abstract=3358741 or http://dx.doi.org/10.2139/ssrn.3358741

Yoshimi Adachi (Contact Author)

Konan University - Department of Economics ( email )

Japan

Tomoki Kitamura

Tohoku Gakuin University ( email )

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Japan

NLI Research Institute, Finance Research Group ( email )

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