一般注記type:Technical Report
This paper tires to examine the effects of government deficits, public investment, publiccapital and public pension policies on the tax burden, capital accumulation and economicwelfare in the transition to an aging Japan by applying a simulated method in the expandedlife cycle general equilibrium growth model.One of the main results of this paper is that the highest income, thus the highesteconomic 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 deficitsis necessarily not most preferable for future generations, since disposable income underthis policy is necessarily not the highest due to the reason that a drastic increase in aconsumption tax rate has to be followed in the future to finance the huge amount of interestpayments. Thus, only targeting high economic growth would mislead us as to the economicpolicy. The implication of this result is that a policy to reduce the future governmentdeficits is most preferable for almost all generations, even though a cut in the future deficitsmust be followed by a decrease in public investment, thus a decrease in the future publiccapital.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 existingpay-as-you-go public pension scheme.The effects of an introduction of technological progress as well as of inefficiency in publicinvestment will also be examined numerically.
identifier:滋賀大学経済学部Working Paper, No. 74, pp. 1-[66]
一次資料へのリンクURLhttps://shiga-u.repo.nii.ac.jp/?action=repository_action_common_download&item_id=8980&item_no=1&attribute_id=19&file_no=1
連携機関・データベース国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）