Growth Promotion Policies when Taxes cannot be Raised

Minami, Katsunori; Horii, Ryo

Growth Promotion Policies when Taxes cannot be Raised

Minami, Katsunori; Horii, Ryo

Institute of Social and Economic Research Discussion Papers, 2024, 1258, 1-23

アクセス数:312件（2025-07-20 03:05 集計）

固定URL: https://hdl.handle.net/11094/98232

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タイトル	Growth Promotion Policies when Taxes cannot be Raised
著者	著者名 Minami, Katsunori
著者	NRID 1000090324855 1000090324855 ORCID 0000-0002-2083-1237 0000-0002-2083-1237 researchmap permalink horii horii Scopus Author ID 22934018800 22934018800 著者名 Horii, Ryo
キーワード等	Economic Growth
	Endogenous Growth
	Public Debt
	Ponzi Scheme
	Research Subsidy
JEL分類コード (JEL)	O38
JEL分類コード (JEL)	O41
抄録	This paper examines the effect of growth-enhancing policies in an R&D-based endogenous growth model when the government does not have the ability to raise taxes to finance the required expenses. We show that the government can increase the economic growth rate by debt-financed R&D subsidies while perpetually rolling over the debt, if the productivity of research workers in product development is higher than a threshold. If the condition is not met, the government debt becomes unsustainable, or the growth rate is reduced by subsidy.
出版者	The Institute of Social and Economic Research, Osaka University
収録物名	Institute of Social and Economic Research Discussion Papers
巻(号)	1258
ページ	1-23
刊行年月	2024-09
言語	英語
ハンドルURL	https://hdl.handle.net/11094/98232
PISSN	0473453X
eISSN	24350982
関連情報 (references)	URI https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2024/DP1258.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Institute of Social and Economic Research Discussion Papers

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	Institute of Social and Economic Research Discussion Papers. 2024, 1258, p. 1-23
DC.title	Growth Promotion Policies when Taxes cannot be Raised
DC.creator	Minami, Katsunori
DC.creator	Horii, Ryo
DC.publisher	The Institute of Social and Economic Research, Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2024-09
DC.relation' scheme='DCTERMS.URI	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2024/DP1258.pdf
DC.subject	Economic Growth
	Endogenous Growth
	Public Debt
	Ponzi Scheme
	Research Subsidy
DCTERMS.abstract	This paper examines the effect of growth-enhancing policies in an R&D-based endogenous growth model when the government does not have the ability to raise taxes to finance the required expenses. We show that the government can increase the economic growth rate by debt-financed R&D subsidies while perpetually rolling over the debt, if the productivity of research workers in product development is higher than a threshold. If the condition is not met, the government debt becomes unsustainable, or the growth rate is reduced by subsidy.
DC.format	98232
citation_title	Growth Promotion Policies when Taxes cannot be Raised
citation_author	Minami, Katsunori
citation_author	Horii, Ryo
citation_publisher	The Institute of Social and Economic Research, Osaka University
citation_language	英語
citation_date	2024-09
citation_journal_title	Institute of Social and Economic Research Discussion Papers
citation_volume	1258
citation_firstpage	1
citation_lastpage	23
citation_public_url	https://hdl.handle.net/11094/98232
citation_abstract_html_url	https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2024/DP1258.pdf

Growth Promotion Policies when Taxes cannot be Raised

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