RIEB Seminar (Jointly supported by: KUMA Seminar, Rokko Forum and Rokkodai Public Economics Seminar)

日時 2016年6月14日(火)午後5時00分から午後6時30分まで
会場 神戸大学大学院経済学研究科 中会議室(第3学舎1階西側)
対象 教員、院生、および同等の知識をお持ちの方
使用言語 日本語
備考 論文のコピーは当日会場にて配布いたします。


報告者 湯之上 英雄
所属 兵庫県立大学経済学部
論題 Evaluation of the Fiscal Effect on Municipal Mergers: Quasi-experimental Evidence from Japanese Municipal Data
概要 The purpose of this paper is to evaluate a fiscal common pool problem in Japanese municipal mergers. Specifically, we investigated whether the merged municipalities rapidly their increase expenditures and debt just before mergers. Because the likelihood of Japanese municipal mergers depends on a municipality's characteristics such as population size, area, and fiscal conditions, municipal mergers are a non-voluntary and non-random phenomenon in Japan. Therefore, identify causal effects by applying propensity score matching within a differences-in-differences framework to address the problems of endogeneity bias and sample selection bias. In particular, we focus on the subordinate merger partner in absorption-type merger. Our results show that the subordinate merger partner suffers from adverse fiscal conditions and creates the fiscal common pool problem in public projects just before mergers.