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Government Deficit, Public Investment and Public Capital in the Transition to an Aging Japan
http://hdl.handle.net/10441/8245
http://hdl.handle.net/10441/824567c413d9-c6ac-454a-a84a-77b2e1fc7c0f
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
no74.pdf (574.1 kB)
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| Item type | テクニカルレポート / Technical Report(1) | |||||||
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| 公開日 | 2010-05-25 | |||||||
| タイトル | ||||||||
| タイトル | Government Deficit, Public Investment and Public Capital in the Transition to an Aging Japan | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Government Deficits | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Public Investment | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Public Capital | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Aging Population | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Overlapping Generations Model | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Public Pension Scheme | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Simulation | |||||||
| 資源タイプ | ||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||||
| 資源タイプ | technical report | |||||||
| 著者 |
Kato, Ryuta Ray
× Kato, Ryuta Ray
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| 著者(ヨミ) | ||||||||
| 姓名 | カトウ, リュウタ | |||||||
| 著者別名 | ||||||||
| 姓名 | 加藤, 竜太 | |||||||
| 抄録 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | This paper tires to examine the effects of government deficits, public investment, public capital and public pension policies on the tax burden, capital accumulation and economic welfare in the transition to an aging Japan by applying a simulated method in the expanded life cycle general equilibrium growth model. One of the main results of this paper is that the highest income, thus the highest economic growth, is achieved when the future government deficits are the highest. However, such a policy to achieve the highest economic growth with the highest government deficits is necessarily not most preferable for future generations, since disposable income under this policy is necessarily not the highest due to the reason that a drastic increase in a consumption tax rate has to be followed in the future to finance the huge amount of interest payments. Thus, only targeting high economic growth would mislead us as to the economic policy. The implication of this result is that a policy to reduce the future government deficits is most preferable for almost all generations, even though a cut in the future deficits must be followed by a decrease in public investment, thus a decrease in the future public capital. By proposing three different scenarios regarding the future government deficit policy, this paper also presents numerical results of the effects on future consumption tax rates, tax burdens, social security burdens, and the generational accounting through the existing pay-as-you-go public pension scheme. The effects of an introduction of technological progress as well as of inefficiency in public investment will also be examined numerically. |
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| 引用 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | 滋賀大学経済学部Working Paper, No. 74, pp. 1-[66] | |||||||
| 書誌情報 |
滋賀大学経済学部Working Paper 号 No. 74, p. 1-[66], 発行日 2002-08 |
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| 出版者 | ||||||||
| 出版者 | 滋賀大学経済学部 | |||||||
| 資源タイプ | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | Technical Report | |||||||
