So-called “Balance of Payment” in regional economies is usually defined by (Savings-Investment)+(Taxes-Government Expenditures)=(Exports-Imports). But it deals with only the transaction of goods and services. Balance of Payment among regions in a precise sense is given by Current Account Balance+Capital Account Balance=Financial Account Balance. Where, Current Account Balance=Account of Exports and Imports+Account of Income+Account of Other Current Transfers.
The sum of 47 prefectures amounts to ¥18. 1 billion in Account of Exports and Imports, ¥16. 8 billion in Account of Income, and ¥33. 1 billion in Account of Other Current Transfers in FY2013. Regarding Account of Income and Other Current Transfers we cannot get data of all prefectures. But we must consider at least Current Account of Balance. It means to analyze regional economies not only in terms of value added but also Disposable Income.
We compared many indexes especially between 14 prefectures, which are lower ranked in Prefectural Income per capita but upper ranked in Disposable Income per capita, and 15 prefectures, which are upper ranked in Prefectural Income per capita but lower ranked in Disposable Income per capita. The results show us that the latter exceeds the former in Gross Prefectural Production per capita, Prefectural Income per capita and tax revenues per capita, while the former exceeds the latter in Other Current Transfers per capita, benefits minus burdens per capita and labor’s share.