Government Debt and Economic Growth in an Overlapping Generations Model

2000 ◽  
Vol 66 (3) ◽  
pp. 754 ◽  
Author(s):  
Shuanglin Lin
Keyword(s):  
Economic Growth ◽  
Overlapping Generations ◽  
Government Debt ◽  
Overlapping Generations Model

EXPECTATIONS, FORECASTING, AND PERFECT FORESIGHT

1999 ◽  
Vol 3 (2) ◽  
pp. 167-186 ◽  
Author(s):  
Volker Böhm ◽  
Jan Wenzelburger
Keyword(s):  
Economic Growth ◽  
Overlapping Generations ◽  
Sufficient Conditions ◽  
General Linear Model ◽  
Overlapping Generations Model ◽  
Savings Behavior ◽  
Perfect Foresight ◽  
Expectations Formation ◽  
Necessary And Sufficient ◽  
Dominant Influence

The paper studies the nature of expectations formation rules for deterministic economic laws with an expectations feedback within the framework of dynamical systems theory. In such systems, the expectations formation rules, called predictors, have a dominant influence. The concept of a perfect predictor, which generates perfect-foresight orbits, is proposed and analyzed. Necessary and sufficient conditions are given for which local as well as global perfect foresight is possible. The concept is illustrated for the general linear model as well as for models of the cobweb type. For the standard overlapping generations model of economic growth, the existence of perfect predictions depends strongly on the savings behavior of the agents and on the technology.

China's Growing Government Debt in a Computable Overlapping Generations Model

2016 ◽  
Vol 23 (3) ◽  
pp. 359-384 ◽  
Author(s):  
Shiyu Li ◽  
Shuanglin Lin ◽  
Yan Wang ◽  
Fan Zhai
Keyword(s):  
Overlapping Generations ◽  
Government Debt ◽  
Overlapping Generations Model

scholarly journals Sustainable development in an aging economy

2002 ◽  
Vol 7 (1) ◽  
pp. 9-22 ◽  
Author(s):  
Tetsuo Ono ◽  
Yasuo Maeda
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Environmental Policy ◽  
Overlapping Generations ◽  
Population Aging ◽  
Overlapping Generations Model

In this paper, we analyze the effects of population aging on economic growth and the environment in a two-period overlapping generations model of growth, aging, and the environment. We show that aging may be beneficial to economic growth and the environment under perfect annuitisation, while possibly harmful under imperfect annuitisation. We also discuss the implications of our results for environmental policy in an aging economy.

Capital Income Taxation, Economic Growth and Heterogeneity in the Motivation to Give

2012 ◽  
Vol 13 (3) ◽  
pp. 291-306
Author(s):  
Lars Kunze
Keyword(s):  
Economic Growth ◽  
Income Tax ◽  
Overlapping Generations ◽  
Income Taxation ◽  
Capital Income ◽  
Capital Income Taxation ◽  
Overlapping Generations Model ◽  
Tax Rate ◽  
Motivation To Give ◽  
The Relationship

Abstract This study provides a comprehensive analysis of the relationship between capital income taxation and economic growth within an overlapping generations model when individuals may bequeath wealth. The altruistic concern is modeled as a synthesis of joy-of-giving and family altruism so that individuals may derive utility from the amount of bequest itself and by providing children with a disposable income later on in life. Using this framework, it is shown that, in contrast to the existing literature, increasing the capital income tax rate may well enhance growth under operative bequests.

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