Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 18, 2023 erstellt
Beschreibung:
This study examines the effectiveness of a place-based policy targeting rural areas in Japan to address regional economic disparities. The policy offers financial incentives to regions with significant declines in population and an aging population to increase capital investment and public services. Employing a difference-in-differences (DID) estimation, this study compares designated municipalities with those narrowly missing designation. The results show that the policy has had a statistically significant impact on social capital expenditure, as well as an overall increase in public expenditure. However, there was no significant impact on in-migrant population size or per capita income. Interestingly, municipalities with a higher aging population had smaller effects despite receiving more fiscal expenditures. This study contributes to the ongoing debate surrounding the effectiveness of place-based policies in rural areas