01863cas a2200253 a 4500 AALejournalIMF006418 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455200696 1018-5941 BD-DhAAL BD-DhAAL Tuladhar, Anita. Public Investment as a Fiscal Stimulus : Evidence from Japan's Regional Spending During the 1990s / Anita Tuladhar, Markus Bruckner. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students How effective was public investment in stimulating the Japanese economy during the economic stagnation of the 1990s? Using a dataset of regional public investment spending, we find that investment multipliers were higher than for public consumption, although they were relatively low and declining over time. The paper also finds that the effectiveness of economic infrastructure investment, implemented mainly by the central government, is lower than that of social investment mostly undertaken by local governments. These results suggest that while public investment may yield higher output effects than other spending, its effectiveness depends upon its composition, the level of government implementation, and supply side factors. Mode of access: Internet Bruckner, Markus. IMF Working Papers; Working Paper ; No. 2010/110 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/110/001.2010.issue-110-en.xml IMF e-Library