Deficit-Financed Public Investment, Economic Growth, and Welfare in an Overlapping Generations Model
Abstract
This paper analyzes the growth and welfare effects of decit-financed public investment using an overlapping generations model with private and public capitals. We demonstrate that the productivity effect of public capital and the weight of the utility from private consumption in the retired period are essential factors for the growth and welfare effects of deficit-financed fiscal policy. For instance, a higher intensity of public capital and survival rate support deficit-financed public investment.
Journal
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- Economic Research Center Discussion Paper
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Economic Research Center Discussion Paper (E19-1), 1-10, 2019-04-23
名古屋大学大学院経済学研究科附属国際経済政策研究センター
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Keywords
Details 詳細情報について
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- CRID
- 1050845763745142144
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- NII Article ID
- 120006627995
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- HANDLE
- 2237/00030220
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- Text Lang
- en
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- Article Type
- departmental bulletin paper
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- Data Source
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- IRDB
- CiNii Articles
- KAKEN