Government Deficit, Public Investment, and Public Capital in the Transition to an Aging Japan
| Autor: | Ryuta Ray Kato |
|---|---|
| Rok vydání: | 2002 |
| Předmět: |
Economics and Econometrics
Public investment Population ageing Government Public economics General equilibrium theory Economic policy media_common.quotation_subject Growth model Overlapping generations model Public capital Political Science and International Relations Economics Welfare Finance media_common |
| Zdroj: | Journal of the Japanese and International Economies. 16:462-491 |
| ISSN: | 0889-1583 |
| DOI: | 10.1006/jjie.2002.0517 |
| Popis: | This paper examines the effects of government deficits, public investment, and public capital on welfare in the transition to an aging Japan by applying a simulated general equilibrium growth model. One of the main results of this paper is that targeting only high economic growth would mislead us as to economic policies, and that a policy to reduce future government deficits is most preferable for almost all generations, even though a cut in future deficits must be followed by a decrease in public investment, thus a decrease in public capital in the future. J. Japan. Int. Econ. , December 2002, 16 (4), pp. 462–491. Faculty of Economics, Shiga University, Japan; and Management School, Imperial College, United Kingdom. © 2002 Elsevier Science (USA). Journal of Economic Literature Classification Numbers: H55, H54, H62, C68, J10. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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