The migration equilibrium model allows us to employ information on land rents to evaluate the effects of local fiscal variables. Several studies apply the model by Robach (1982), which measures the value of amenities, to the case of public capital, assuming that public capital does not affect...

This paper surveys the growing empirical literature on the production effects of public capital in Japan. Our survey is rather methodological, and focuses on the issue of simultaneity of public capital, or 'reverse causation' from output to public capital. Our purpose is to highlight how the...

This paper, taking an explicit account of the progressive tax system, calculates the social marginal cost of public funds (SMCF) for the Japanese economy under alternative labour response assumptions. First, following formula provided by Dahlby (1998), we calculate the SMCF for the three types...

This paper, taking an explicit account of the progressive tax system, calculates the social marginal cost of public funds (SMCF) for the Japanese economy using large set of micro data of Employment Status Survey. Before calculation of SMCF, we estimate labor supply function of prime-age male...