Recently, a significant share of the empirical analysis on the impact of public capital on regional growth has used multivariate time-series frameworks based on vector autoregressive (VAR) models. Nevertheless, not as much attention has been dedicated to the analysis of the long-run determinants...

While research conducted over the last two decades has pointed to the important role played by household consumption in regional economic models, little attention has been directed to the consumption impacts associated not only with income changes, but also life-cycle changes. Using Japanese...