@article{oai:stars.repo.nii.ac.jp:00009349,
 author = {佐藤, 一光 and 吉弘, 憲介 and SATO, Kazuaki and YOSHIHIRO, Kensuke},
 issue = {4},
 journal = {桃山学院大学経済経営論集},
 month = {Mar},
 note = {This paper proposes a money flow analysis to analyze the functioning of
local government finances, in which transfers and transfers and fiscal
adjustment in a region are captured in an integrated manner. Fiscal
adjustment can be understood as the inflow and outflow of base money in a
region through taxes and subsidies. The reasons for the need to analyze
fiscal adjustment and the regional economy in an integrated manner are: 1)
the supply of fiscal services dependent on taxation autonomy may be
detrimental to the sustainability of the regional economy when the right to
issue currency is limited, and 2) the development of monetary theory has
led to a shift in the analysis of regional money flows from short-term to We
find not only an imbalance between supply and demand, but also a
recognizable long-term, stable purchasing power, and 3) money flow
adjustment in the local economy in FITs other than taxes and subsidies.
We first examine the effects of transfers and fiscal adjustment in Japan’s
prefectures. We find that the national tax burden undermines regional
purchasing power, while subsidies support regional purchasing power.
However, even after taking into account the effects of these fiscal
adjustments, the results revealed significant excess money flow inflows, as
in Tokyo, and excess money flow outflows, as observed in some
municipalities. Although the analysis of money flows, such as commuting
and financial transactions, remains inadequate, it confirms that Japan has
an economic structure with sustained or growing regional imbalances.
We next analyze the money flows through the FIT in Japan by
municipality. We found that the FIT has a significant impact on the money
flows of municipalities, depending on the characteristics of each region,
such as the regions with high and low renewable energy penetration, as
well as the regions with high and low electricity consumption. The inflow
and outflow of money flows are shown on a map of Japan in order to
visually understand the regional characteristics. In addition, in assessing
the money flows in each municipality, we have represented the balance of
taxable income per capita and money flows in each municipality on the
map. It is confirmed, however, that in some cases, depending on the
prevalence of renewable energy and other factors, it is working in the
direction of strengthening the economic power gap between regions.
Fiscal adjustment is a system of subsidies to local governments, funded
by national taxation, to cover the fiscal needs of a region. However, Japan’s
current fiscal adjustment system is inadequate to redress regional
economic power disparities both in the short and long run. Our analysis
shows that the institutional adjustment of interregional economic power,
which is not based on taxes and subsidies, has the same function as the
fiscal adjustment, and for FIT, we found that the promotion of renewable
energy has a function of interregional economic power adjustment, but it is
not uniform depending on the situation of local resources, etc.},
 pages = {227--252},
 title = {財政調整と地域経済を一体的に捉えるマネーフロー分析 : 応用としてのFITの市町村別収支の４象限地図},
 volume = {62},
 year = {2021},
 yomi = {サトウ, カズアキ and ヨシヒロ, ケンスケ}
}