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Economic growth, equilibrium welfare, and public goods provision with intergenerational altruism
http://hdl.handle.net/2237/0002003921
http://hdl.handle.net/2237/0002003921ab5f5385-493a-436a-8645-7e4e9d4b9c66
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
ejpetamaifinal.pdf (590 KB)
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| Item type | itemtype_ver1(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2022-10-13 | |||||||
| タイトル | ||||||||
| タイトル | Economic growth, equilibrium welfare, and public goods provision with intergenerational altruism | |||||||
| 言語 | en | |||||||
| 著者 |
Tamai, Toshiki
× Tamai, Toshiki
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| アクセス権 | ||||||||
| アクセス権 | open access | |||||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||||
| 権利 | ||||||||
| 言語 | en | |||||||
| 権利情報 | © 2022. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Intergenerational altruism | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Future bias | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Economic growth | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Public goods | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | This study examines the government policy of public goods provision and its effects on economic growth and welfare under intergenerational altruism. The study considers an endogenous growth model with altruistic overlapping generations. The preferences of the current youth exhibit a future bias, and thus, democratically elected governments are subject to this future bias. The optimal rule for the supply of public goods under future bias differs from the original Samuelson rule. Unlike the standard growth model without any bias, under the optimal rule, the equilibrium growth rate is not independent of government size. Future bias gives young generations the dynamic incentives to invest more. With future bias, the intergenerational redistributive effects of public goods stimulate such incentives under certain conditions. Hence, the government size affects the economic growth through intertemporal changes in their resource allocations. Moreover, the growth effect of the government size provides nontrivial outcomes of welfare analysis. Our numerical analyses show the growth and welfare superiority of the democratic governments to the nonbiased social planner. | |||||||
| 言語 | en | |||||||
| 出版者 | ||||||||
| 出版者 | Elsevier | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| 資源タイプ | ||||||||
| 資源タイプresource | http://purl.org/coar/resource_type/c_6501 | |||||||
| タイプ | journal article | |||||||
| 出版タイプ | ||||||||
| 出版タイプ | AM | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||
| 関連情報 | ||||||||
| 関連タイプ | isVersionOf | |||||||
| 識別子タイプ | DOI | |||||||
| 関連識別子 | https://doi.org/10.1016/j.ejpoleco.2021.102068 | |||||||
| 収録物識別子 | ||||||||
| 収録物識別子タイプ | PISSN | |||||||
| 収録物識別子 | 0176-2680 | |||||||
| 書誌情報 |
en : European Journal of Political Economy 巻 71, p. 102068, 発行日 2022-01 |
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| ファイル公開日 | ||||||||
| 日付 | 2024-01-01 | |||||||
| 日付タイプ | Available | |||||||
