Fiscal sustainability under physical and human capital accumulation in an overlapping generations model

• 資料種別: 文書・図像類
• タイトル: Fiscal sustainability under physical and human capital accumulation in an overlapping generations model
• 著者・編者: Motoyama, Takumi
• 著者標目: Motoyama, Takumi
• 出版事項: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
• 出版年月日等: 2017-03
• 出版年（W3CDTF）: 2017-03
• タイトル（掲載誌）: Discussion Papers In Economics And Business
• 巻号年月日等（掲載誌）: 17-05
• 掲載巻: 17-05
• 掲載ページ: 1-23
• 本文の言語コード: eng
• 件名標目: Human capital accumulation; Public education; Public debt; Fiscal sustainability
• 対象利用者: 一般
• 一般注記: We consider fiscal sustainability by using an overlapping generations model with human capital accumulation (private and public education) and public debt. Based on this model, we explicitly show (i) the parameter region in which the economy cannot be fiscally sustainable for any initial endowment, and (ii) the threshold of initial endowment over (under) which the economy diverges (converges) to the steady state. Importantly, the threshold is neutral to the level of initial human capital. Further, we show the existence and uniqueness of the growth-maximizing level of each policy variable (i.e., the tax rate and public education/production ratio).
• 参照（URI）: http://www2.econ.osaka-u.ac.jp/library/global/dp/1705.pdf; URI
• 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）; https://irdb.nii.ac.jp
• 提供元機関・データベース: 大阪大学 : 大阪大学学術情報庫 桜華