The effect of the consumption tax on economic growth and welfare with money and endogenous fertility

Akihiko Kaneko, Daisuke Matsuzaki*

*この研究の対応する著者

研究成果査読

1 被引用数 (Scopus)

抄録

In this study, we examine the effect of consumption tax on the growth rate and welfare in a model with money and endogenous fertility. First, we show that an increase in consumption tax always reduces the economic growth rate but has an ambiguous effect on welfare. We show a numerical example based on Japanese data and demonstrate the likelihood that increasing the consumption tax decreases welfare. We also compare the effects of consumption tax financing and monetary financing on growth rate and welfare.

本文言語English
ページ(範囲)355-375
ページ数21
ジャーナルSeoul Journal of Economics
31
4
出版ステータスPublished - 2018

ASJC Scopus subject areas

  • 経済学、計量経済学および金融学(全般)

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