Human Capital, Public Debt, and Economic Growth : A Political Economy Analysis

Uchida, Yuki; Ono, Tetsuo

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論文情報

タイトル	Human Capital, Public Debt, and Economic Growth : A Political Economy Analysis
著者	Uchida, Yuki Uchida, Yuki
著者	Ono, Tetsuo Ono, Tetsuo
キーワード等	Economic growth
	Human capital
	Public debt
	Political equilibrium
内容	* Revised： [16-01, 2016]
	* Revised： [16-01-Rev., 2016]
	* Revised： [16-01-Rev.2, 2017]
抄録	This study considers the politics of public education policy in an overlapping-generations model with physical and human capital accumulation. In particular, this study examines how debt and tax financing differ in terms of growth and welfare across generations, as well as which fiscal stance voters support. The analysis shows that the growth rate in debt financing is lower than that in tax financing, and that debt financing creates a tradeoff between the present and future generations. The analysis also shows that debt financing attains slower economic growth than that realized by the choice of a social planner who cares about the welfare of all generations.
公開者	Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Osaka University
更新日付	2016-08
	2016-01
	2017-07
掲載誌名	Discussion Papers In Economics And Business
巻	16-01-Rev.3
開始ページ	1
終了ページ	39
刊行年月	2017-10
URL	http://hdl.handle.net/11094/54511
関連情報 (references)	http://www2.econ.osaka-u.ac.jp/library/global/dp/1601R3.pdf
言語	英語
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP

著者版フラグ	none
NII資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
dcmi資源タイプ	text
DCTERMS.bibliographicCitation	Discussion Papers In Economics And Business.16-01-Rev.3 P.1-P.39
DC.title	Human Capital, Public Debt, and Economic Growth : A Political Economy Analysis
DC.creator	Uchida, Yuki
DC.creator	Ono, Tetsuo
DC.publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Osaka University
DC.language" scheme="DCTERMS.RFC1766	英語
DCTERMS.issued" scheme="DCTERMS.W3CDTF	2017-10
DC.identifier" scheme="DCTERMS.URI	http://hdl.handle.net/11094/54511
DC.subject	Economic growth
	Human capital
	Public debt
	Political equilibrium
DC.description	* Revised： [16-01, 2016]
	* Revised： [16-01-Rev., 2016]
	* Revised： [16-01-Rev.2, 2017]
DCTERMS.abstract	This study considers the politics of public education policy in an overlapping-generations model with physical and human capital accumulation. In particular, this study examines how debt and tax financing differ in terms of growth and welfare across generations, as well as which fiscal stance voters support. The analysis shows that the growth rate in debt financing is lower than that in tax financing, and that debt financing creates a tradeoff between the present and future generations. The analysis also shows that debt financing attains slower economic growth than that realized by the choice of a social planner who cares about the welfare of all generations.
citation_title	Human Capital, Public Debt, and Economic Growth : A Political Economy Analysis
citation_author	Uchida, Yuki
citation_author	Ono, Tetsuo
citation_publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Osaka University
citation_language	英語
citation_date	2017-10
citation_journal_title	Discussion Papers In Economics And Business
citation_volume	16-01-Rev.3
citation_firstpage	1
citation_lastpage	39
citation_public_url	http://hdl.handle.net/11094/54511
citation_keywords	Economic growth
	Human capital
	Public debt
	Political equilibrium

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