著者

大東 辰起

出版者

大阪産業大学

雑誌

大阪産業大学経済論集 (ISSN:13451448)

巻号頁・発行日

vol.18, no.1, pp.29-55, 2016-10

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Since the bubble economy collapse, local bond funds have drawn attention due to the increase of outstanding local bonds. One of the local bond funds is government funding. Local governments annually obtain great amounts of funds from government funding, which is known to be good, as long term, stable money. Previous research has shown the following issues. The first issue is the local government's control through government funding, and distribution of government funding as financial support by concentrating funding in weak local governments. A secondary issue is the relaxation of fiscal discipline due to receiving bonds as an easy solution to obtaining funds. This paper reveals that these issues are no longer current problems.Since the bubble economy collapse, local bond funds have drawn attention due to the increase of outstanding local bonds. One of the local bond funds is government funding. Local governments annually obtain great amounts of funds from government funding, which is known to be good, as long term, stable money. Previous research has shown the following issues. The first issue is the local government's control through government funding, and distribution of government funding as financial support by concentrating funding in weak local governments. A secondary issue is the relaxation of fiscal discipline due to receiving bonds as an easy solution to obtaining funds. This paper reveals that these issues are no longer current problems.