دورية أكاديمية
The optimum quantity of debt for an aging Japan: welfare and demographic dynamics
| العنوان: | The optimum quantity of debt for an aging Japan: welfare and demographic dynamics |
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| المؤلفون: | Okamoto, Akira |
| المصدر: | The Japanese Economic Review |
| بيانات النشر: | Springer Science and Business Media LLC |
| سنة النشر: | 2024 |
| المجموعة: | Okayama University Scientific Achievement Repository / 岡山大学学術成果リポジトリ |
| مصطلحات موضوعية: | Government debt, Welfare, Demographic dynamics, Japanese economy, Simulation analysis, H30, C68 |
| الوصف: | Japan’s government is heavily indebted, and the current net debt tends to increase. This paper uses an extended life-cycle general equilibrium model with endogenous fertility to investigate an optimal size of government debt from two viewpoints: individual welfare and future demographic dynamics. A simulation analysis finds that the level of net government debt, which maximizes per-capita utility, is negative at − 220% of Japan’s gross domestic product (GDP). The results also indicate that the net debt-to-GDP ratio of − 220% produces a considerable per-capita welfare gain; however, compared to the baseline simulation with a debt-to-GDP ratio of 150%, it substantially decreases the total population in the long run. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| تدمد: | 1352-4739 |
| العلاقة: | https://ousar.lib.okayama-u.ac.jp/files/public/6/67175/20240605172056376613/fulltext.pdfTest; The Japanese Economic Review; AA11037573; https://ousar.lib.okayama-u.ac.jp/67175Test |
| الإتاحة: | https://doi.org/10.1007/s42973-024-00156-7Test https://ousar.lib.okayama-u.ac.jp/files/public/6/67175/20240605172056376613/fulltext.pdfTest https://ousar.lib.okayama-u.ac.jp/67175Test |
| حقوق: | © The Author(s) 2024 |
| رقم الانضمام: | edsbas.35C2CB9C |
| قاعدة البيانات: | BASE |
| تدمد: | 13524739 |
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