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  1. A450 国際経済政策研究センター
  2. A450b 紀要
  3. Economic Research Center Discussion Paper E-Series

Economic Growth, Equilibrium Welfare, and Public Goods Provision with Intergenerational Altruism

http://hdl.handle.net/2237/00031652
http://hdl.handle.net/2237/00031652
1b6647e4-eba6-4273-9f6f-894d8739ae81
名前 / ファイル ライセンス アクション
E20-1.pdf E20-1.pdf (975.2 kB)
Item type 紀要論文 / Departmental Bulletin Paper(1)
公開日 2020-03-18
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

WEKO 96823

en Tamai, Toshiki

Search repository
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
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
抄録
内容記述 The present study examines the government policy of public good provision and its effects on economic growth and welfare under intergenerational altruism. We consider an endogenous growth model with altruistic overlapping generations. The preferences of the current youth exhibit a future bias and so democratically elected governments are subject to this future bias. The optimal rule of public good supply under future bias differs from the original Samuelson rule. Unlike the standard growth model without any bias, the equilibrium growth rate is not independent of government size under the optimal rule. Future bias gives young generations the dynamic incentives to invest more. With future bias, intergenerational redistributive effects of public good stimulates such incentives. Hence, the government size affects economic growth via intertemporal changes in their resource allocations. 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 but future-biased economy to the economy with nonbiased social planner.
言語 en
内容記述タイプ Abstract
出版者
言語 ja
出版者 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
言語
言語 eng
資源タイプ
資源 http://purl.org/coar/resource_type/c_6501
タイプ departmental bulletin paper
出版タイプ
出版タイプ VoR
出版タイプResource http://purl.org/coar/version/c_970fb48d4fbd8a85
書誌情報 en : Economic Research Center Discussion Paper

号 E20-1, p. 1-24, 発行日 2020-02-14
著者版フラグ
値 publisher
シリーズ
関連名称 E-Series;E20-1
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