ツチヤ　ヨウイチ   TSUCHIYA YOICHI   土屋　陽一    所属   明治大学  商学部    職種   専任教授
言語種別	英語
発行・発表の年月	2016/01
形態種別	学術雑誌
査読	査読あり
標題	Dynamic Laffer curves, population growth and public debt overhangs
執筆形態	単著
掲載誌名	International Review of Economics & Finance
掲載区分	国外
出版社・発行元	ELSEVIER SCIENCE BV
巻・号・頁	41,pp.40-52
著者・共著者	Yoichi Tsuchiya
概要	This paper extends the Ireland (1994) model to incorporate population growth and examines a dynamic effect of a tax reduction on a long-run government budget We find evidence suggesting that the dynamic effect of a tax cut improves the government budget situation in the longrun. Our numerical analysis suggests that a population growth rate consistent with the U.S. economy has positive effects on a long-run government budget It is likely that low population growth leads to the deterioration of a long-run government budget. However, dynamic Laffer curves fail to arise incorporating a moderate initial debt level into the model. Furthermore, a public debt overhangs experiment casts doubt on the dynamic Laffer curves. (c) 2015 Elsevier Inc. All rights reserved.
DOI	10.1016/j.iref.2015.10.001
ISSN	1059-0560
PermalinkURL	http://orcid.org/0000-0003-2485-3959