@article{oai:nagoya.repo.nii.ac.jp:00028022, author = {Tamai, Toshiki and Kamiguchi, Akira}, issue = {E19-1}, journal = {Economic Research Center Discussion Paper}, month = {Apr}, note = {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.}, pages = {1--10}, title = {Deficit-Financed Public Investment, Economic Growth, and Welfare in an Overlapping Generations Model}, year = {2019} }