Faculty Profiles - YANAGIHARA, Mitsuyoshi

Papers - YANAGIHARA, Mitsuyoshi

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公営企業の「非効率性」

塩津ゆりか・菅原宏太・柳原光芳

地方分権に関する基本問題についての調査研究会・専門分科会報告書（財政マネジメントの強化） page： 154 - 172 2023.3

Vertical Fiscal Externality in Public Education Inputs: When Federal and State Governments Have Different Time Perspectives Invited Reviewed

Hideya Kato and Mitsuyoshi Yanagihara

Research in Economics 2023

Symmetry-breaking and trade in neoclassical economies with domestic policies having diminishing effect to production scale Reviewed

Tsuyoshi Shinozaki, Makoto Tawada and Mitsuyoshi Yanagihara

Fulbright Review of Economics and Policy 2023

Fertility decline and a pay-as-you-go pension system in a two-sector model Reviewed

Kojun Hamada, Akihiko Kaneko and Mitsuyoshi Yanagihara

Metroeconomica Vol. early view 2021.12

水道事業における最適価格設定ルール

柳原光芳

地方分権に関する基本問題についての調査研究会報告書・専門分科会　報告書 Vol. 令和3年 page： 19 - 47 2021

International trade and capital accumulation in an overlapping generations model with a public intermediate good

Shinozaki Tsuyoshi, Tawada Makoto, Yanagihara Mitsuyoshi

REVIEW OF INTERNATIONAL ECONOMICS Vol. 27 ( 3 ) page： 765 - 785 2019.8

Population growth and the transfer paradox in an overlapping generations model

Hamada Kojun, Shinozaki Tsuyoshi, Yanagihara Mitsuyoshi

REVIEW OF DEVELOPMENT ECONOMICS Vol. 23 ( 1 ) page： 331 - 347 2019.2

Oligopolistic competition in the banking market and economic growth Reviewed

Kojun Hamada, Akihiko Kaneko, Mitsuyoshi Yanagihara

Economic Modelling Vol. 68 page： 239 - 248 2018.1

Language：English Publishing type：Research paper (scientific journal) Publisher：Elsevier B.V.

We investigate how banks’ degree of imperfect competition affects economic growth. This study explores an imperfect competition model in banking in an overlapping generations model with endogenous growth. We demonstrate the following results. First, an increase in the deposit interest rate increases the steady growth rate of the economy. Second, as competition among banks intensifies, the economic growth rate increases. Third, it is ambiguous as to whether a higher lending interest rate caused by an increase in productivity results in a higher economic growth rate. In our numerical exercises, we exemplify the possibility that an increase in the lending interest rate increases the growth rate.

DOI： 10.1016/j.econmod.2017.07.017

Web of Science

Scopus

Aspirations and the transfer paradox in an overlapping generations model Reviewed

Hamada Kojun, Shinozaki Tsuyoshi, Yanagihara Mitsuyoshi

JOURNAL OF ECONOMICS Vol. 122 ( 3 ) page： 279 - 301 2017.11

The transfer paradox in a pay-as-you-go pension system Reviewed

Kojun Hamada, Akihiko Kaneko, Mitsuyoshi Yanagihara

International Economics and Economic Policy Vol. 14 ( 2 ) page： 221 - 238 2017.4

The Theory of Mixed Oligopoly Privatization, Transboundary Activities, and Their Applications Preface

Yanagihara, M; Kunizaki, M

THEORY OF MIXED OLIGOPOLY: PRIVATIZATION, TRANSBOUNDARY ACTIVITIES, AND THEIR APPLICATIONS Vol. 14 page： V - VIII 2017

Bequeathed tastes and fertility in an endogenous growth model Reviewed

Akihiko Kaneko, Hideya Kato, Tsuyoshi Shinozaki and Mitsuyoshi Yanagihara

Economics Bulletin Vol. 36 ( 3 ) page： 1422 - 1429 2016.8

Donor Altruism and the Transfer Paradox in an Overlapping Generations Model Reviewed

Kojun hamada, Mitsuyoshi Yanagihara

Review of International Economics Vol. 22 ( 5 ) page： 905 - 922 2014.11

Authorship：Lead author Language：English Publishing type：Research paper (scientific journal)

This paper examines the transfer problem between two countries when a donor exhibits altruistic utility toward a recipient in a one-sector overlapping generations model.We demonstrate that if the donor has a larger marginal propensity to save than the recipient, the donor's altruism never contributes to donor enrichment irrespective of the degree of the donor's altruism. Donor enrichment occurs only if the donor has a smaller marginal propensity to save and a sufficiently high level of altruism. These findings imply that the altruism of a donor toward a recipient does not necessarily explain the motivation to voluntarily provide a transfer.

Cash-in-Advance Constraint, Optimal Monetary Policy, and Human Capital Accumulation Reviewed

Mitsuyoshi Yanagihara, Chen Lu

Research in Economics Vol. 67 ( 3 ) page： 278 - 288 2013.9

Authorship：Lead author Language：English Publishing type：Research paper (scientific journal)

This paper investigates optimal monetary policy in an overlapping-generations model with endogenous growth fueled by the accumulation of human capital and underacash-in-advance constraint. We consider the case where the government finances public education fully by seigniorage. Three main results are obtained. First, there exists an optimal money growth rate that maximizes the economic growth rate along the steady
growth path. Second, on this path, the Laffer curve of seigniorage takes the maximum. Finally, the money growth rate for maximizing seigniorage along the steady growth path, which also leads to maximization of the economic growth rate, is lower than that for
maximizing seigniorage in the present period.

Private and public education: Human capital accumulation under parental teaching Reviewed

Koichi Futagami, Mitsuyoshi Yanagihara

JAPANESE ECONOMIC REVIEW Vol. 59 ( 3 ) page： 275 - 291 2008.9

Language：Japanese Publishing type：Research paper (scientific journal) Publisher：WILEY-BLACKWELL

This paper examines a simple overlapping generations model of human capital accumulation under both the public and private education regimes. Both young individuals and their parents allocate time to human capital accumulation. Under the public education regime, the government collects tax to finance expenditure for education resources. We show that there exists a level of tax which maximizes the speed of human capital accumulation because of parental teaching; and, if the government chooses tax rates adequately, human capital grows faster and welfare levels become higher under the public education regime than under the private.

DOI： 10.1111/j.1468-5876.2008.00417.x

Web of Science

Scopus

世代重複型経済における公的供給中間財・消費財の価格付け

柳原光芳

地方分権に関する基本問題についての調査研究会・専門分科会報告書（財政マネジメントの強化） 2025.3

市民生活に「音楽」が溶け込むまちを世界に発信することによる観光誘致の実現可能性（概要）

柳原光芳

URBAN　STUDY Vol. 78 page： 50 - 67 2024.6

市民生活に「音楽」が溶け込むまちを世界に発信することによる観光誘致の実現可能性（概要）

柳原光芳

URBAN　STUDY Vol. 78 page： 50 - 67 2024.6

Impact of PAYG pensions on country welfare through capital accumulation Reviewed

Kojun Hamada, Akihiko Kaneko and Mitsuyoshi Yanagihara

International Economics and Economic Policy Vol. 21 page： 207 - 226 2024.1

Impact of PAYG pensions on country welfare through capital accumulation Reviewed

Kojun Hamada, Akihiko Kaneko and Mitsuyoshi Yanagihara

International Economics and Economic Policy Vol. 21 page： 207 - 226 2024.1

Consumption of Leisure Goods, Leisure Time, and Inheritance of Tastes for Leisure in an Overlapping Generations Model International coauthorship

Shuetsu Takahashi, Mitsuyoshi Yanagihara, Kei Hosoya and Tsuyoshi Shinozaki

Modern Macroeconomics with Historical Perspectives page： 33 - 53 2023.9

「ふるさと納税」による返礼品競争：租税競争モデルに基づく理論的研究 Reviewed

加藤秀弥・柳原光芳

地域学研究 Vol. 51 ( 2 ) page： 175 - 195 2022.3

二部門世代重複モデルにおける黄金律の条件：図による再考

柳原光芳・篠崎剛

愛知学院大学論叢　経済学研究 Vol. 9 ( 1 ) page： 77 - 90 2022.2

水道事業における民間委託の効率性分析

塩津ゆりか・菅原宏太・柳原光芳

地方分権に関する基本問題についての調査研究会・専門分科会報告書（財政マネジメントの強化） Vol. 1 page： 24 - 37 2022

Location Tax/Subsidy Competition: When Governments Set Their Policies After Firms Choose Their Locations Reviewed

Kojun Hamada, Yoshitomo Ogawa, Mitsuyoshi Yanagihara

International Economic Journal Vol. 35 ( 3 ) page： 323 - 343 2021.5

高齢者の望ましい金融行動と関連の深い金融リテラシーは何か？－Lusardi and Mitchell の 3 大質問の有効性の検討－ Reviewed

家森信善・上山仁恵・柳原光芳

生活経済学研究 Vol. 51 page： 1 - 17 2020.3

わが国の高等学校における金融・証券教育の現状と課題－高等学校教員に対する調査結果に基づく考察－

Vol. 69 page： 71 - 144 2020.3

水道事業の最適価格の理論

篠崎剛・井田知也・柳原光芳

地方分権に関する基本問題についての調査研究会報告書・専門分科会（財政マネジメントの強化） page： 162 - 178 2020.3

自然災害に対する中小企業の備えと地域金融機関による支援についての調査

家森信善，小川光，柳原光芳，播磨谷浩三，津布久将史，尾﨑泰文，相澤朋子，海野晋悟，浅井義裕，橋本理博

RIETI　Discussion Paper Series Vol. 20 ( 2 ) 2020.1

「自然災害に対する中小企業の備えと地域金融機関による支援についての調査」の結果と考察 Reviewed

家森信善, 小川光, 柳原光芳, 播磨谷浩三, 海野晋悟, 橋本理博

RIETI Discussion Paper Series Vol. 20-J-002 page： 1 - 96 2020

The Current State of Financial Education in Japanese Senior High Schools -A Summary of the Results from a 2019 Survey Conducted Among Senior High School Teachers-

Nobuyoshi Yamori, Hitoe Ueyama and Mitsuyoshi Yanagihara

Vol. DP2019 ( 16 ) page： 0 2019.9

わが国の高等学校における金融・証券教育の現状と課題―高等学校教員に対する調査結果の概要―

家森信善, 柳原光芳

RIEB　Discussion Paper Series Vol. 2019-J02 page： 1 - 52 2019

高齢者の金融リテラシー計測の試み－「高齢者の金融リテラシーと金融行動に関する調査」の概要報告－

家森信善,上山仁恵,柳原光芳

Discussion Paper, Research Institute for Economics and Business Administration, Kobe University Vol. DP2018 ( J06 ) page： 1 - 140 2018.5

「ふるさと納税」の理論

加藤秀弥，柳原光芳

地方分権に関する基本問題についての調査研究会報告書・専門分科会 page： 76 - 90 2018.3

金融機関の人材育成と地域金融環境

家森信善他

地方創生のための地域金融機関の役割　金融仲介機能の質向上を目指して page： 79 - 100 2018.3

事業性評価への取り組み状況

家森信善他

地方創生のための地域金融機関の役割　金融仲介機能の質向上を目指して page： 43 - 78 2018.3

調査方法と回答者の特徴

家森信善他

地方創生のための地域金融機関の役割　金融仲介機能の質向上を目指して page： 24 - 42 2018.3

2017年・支店長アンケートの背景と結果の概要

家森信善他

地方創生のための地域金融機関の役割　金融仲介機能の質向上を目指して page： 5 - 23 2018.3

地方創生に対する地域金融機関の営業現場の取り組みの現状と課題―2017年・RIETI支店長アンケートの結果概要―

家森信善他

RIETI　Discussion Paper Series Vol. 17 ( 044 ) page： 1 - 87 2017.7

人的資本蓄積における公教育支出による垂直的財政外部性と同僚効果による水平的教育外部性 Reviewed

柳原光芳

地域学研究 page： 371 - 385 2017.3

世代間所得再分配とトランスファー問題　-国内所得分配が国際援助の厚生効果に与える影響-

金子昭彦，濱田弘潤，柳原光芳

公共経済学研究VI [中京大学経済学部附属経済研究所研究叢書] page： 53 - 81 2017.3

Regional Differences and Privatization

Kato Hideya, Yanagihara Mitsuyoshi

THEORY OF MIXED OLIGOPOLY: PRIVATIZATION, TRANSBOUNDARY ACTIVITIES, AND THEIR APPLICATIONS Vol. 14 page： 149 - 163 2017

Physical Capital Accumulation and Partial Privatization

Shinozaki Tsuyoshi, Kato Hideya, Yanagihara Mitsuyoshi

THEORY OF MIXED OLIGOPOLY: PRIVATIZATION, TRANSBOUNDARY ACTIVITIES, AND THEIR APPLICATIONS Vol. 14 page： 45-56 - 56 2017

Market Expansion by Advertising and a Mixed Oligopoly

Kunizaki Minoru, Yanagihara Mitsuyoshi

THEORY OF MIXED OLIGOPOLY: PRIVATIZATION, TRANSBOUNDARY ACTIVITIES, AND THEIR APPLICATIONS Vol. 14 page： 191-206 - 206 2017

The Transfer Problem and Intergenerational Allocation in an Overlapping Generations Model Reviewed

Kojun Hamada, Akihiko Kaneko, Mitsuyoshi Yanagihara

International Economic Journal Vol. 30 ( 4 ) page： 599 - 615 2016.8

Intergenerational altruism and the transfer paradox in an overlapping generations model Reviewed

Kojun hamada, Mitsuyoshi Yanagihara

The Quarterly Review of Economics and Finance Vol. 59 page： 161 - 167 2016.2

Authorship：Lead author Language：English Publishing type：Research paper (scientific journal)

This study investigates how intergenerational altruism affects the possibility of the transfer paradox occurring in a two-country, one-sector overlapping generations model. We derive the conditions underwhich the transfer paradox occurs in our model where a generation within each country has altruismtoward the subsequent generation. Contrary to earlier results in the literature, we find that altruism doesnot enter the conditions under which the transfer paradox occurs in the steady state. Moreover, we showthat although altruism affects the condition of the transfer paradox along the transition path, its effecton this condition vanishes as the economy converges to the steady state.

*Intergenerational altruism and the transfer paradox in an overlapping generations model Reviewed

Kojun hamada, Mitsuyoshi Yanagihara

The Quarterly Review of Economics and Finance Vol. 59 page： 161-167 2016.2

Language：English Publishing type：Research paper (scientific journal)

中央・地方政府による公教育支出，人的資本蓄積と垂直的財政外部性

加藤秀弥，柳原光芳

地方分権に関する基本問題についての調査研究会報告書・専門分科会 page： 76 - 90 2015.3

*Donor Altruism and the Transfer Paradox in an Overlapping Generations Model Reviewed

Kojun hamada, Mitsuyoshi Yanagihara

Review of International Economics Vol. 22 ( 5 ) page： 905-922 2014.11

Language：English Publishing type：Research paper (scientific journal)

Schools, Sociality and Pupils' Human Capital Accumulation : The Policy Implications from the Interview of Teachers in Elementary Schools(2)

YANAGIHARA Mitsuyoshi

Vol. 61 ( 4 ) page： 39 - 50 2014.3

愛知県の産業構造と財政政策の効果　－２部門世代重複モデルによる財政シミュレーション分析－

柳原光芳

地域連携と中小企業の競争力　地域金融機関と自治体の役割を探る page： 204 - 222 2014.2

*Cash-in-Advance Constraint, Optimal Monetary Policy, and Human Capital Accumulation Reviewed

Mitsuyoshi Yanagihara, Chen Lu

Research in Economics Vol. 67 ( 3 ) page： 278-288 2013.9

Language：English Publishing type：Research paper (scientific journal)

This paper investigates optimal monetary policy in an overlapping-generations model with endogenous growth fueled by the accumulation of human capital and underacash-in-advance constraint. We consider the case where the government finances public education fully by seigniorage. Three main results are obtained. First, there exists an optimal money growth rate that maximizes the economic growth rate along the steady<br />
growth path. Second, on this path, the Laffer curve of seigniorage takes the maximum. Finally, the money growth rate for maximizing seigniorage along the steady growth path, which also leads to maximization of the economic growth rate, is lower than that for<br />
maximizing seigniorage in the present period.

The Effects of Fiscal Decentralization on Economic Growth in the Tokai Region of Japan: Simulation in a Six-Period Overlapping Generations Model Reviewed

Yuko Shindo, HIdeya Kato, Mitsuyoshi Yanagihara, Tsuyoshi Shinozaki

Studies in Regional Science Vol. 42 ( 4 ) page： 937 - 946 2013.3

Life insurance, human capital accumulation and economic growth Reviewed

Chen Lu, Mitsuyoshi Yanagihara

Australian Economic Papers Vol. 52 ( 1 ) page： 52 - 60 2013.3

Authorship：Lead author Language：English Publishing type：Research paper (scientific journal)

We compare growth rates in the absence and presence of life insurance using an overlapping generations framework with human capital accumulation to clarify how life insurance contributes to economic growth through the education investment of individuals depending on economic circumstances.
Our results show that, as expected, the growth rate is higher when there is life insurance if the rate of time preference or the productivity of human capital accumulation is sufficiently low and if the income loss induced from lifetime uncertainty is moderate. However, if the income loss is sufficiently large, the growth rate is lower when there is life insurance.

教育システムのグランド・デザイン

柳原光芳

地方分権に関する基本問題についての調査研究会報告書・専門分科会 page： 1 - 31 2013.3

Privatization and Market Exit in a Two-region Mixed Oligopoly Model Reviewed

MItsuyoshi Yanagihara, Hideya Kato

Studies in Regional Science Vol. 42 ( 3 ) page： 581 - 592 2012.12

日本における教育補助政策・租税政策と人的資本蓄積－異質な家計の存在する経済における一般均衡分析－ Reviewed

進藤優子・柳原光芳

地域学研究 Vol. 41 ( 4 ) page： 867 - 882 2012.3

経済成長理論において人的資本蓄積はどのようにとらえられているか

柳原光芳

公共経済学研究Ｖ [中京大学経済学部附属経済研究所研究叢書] page： 41 - 63 2012.3

教師の思いと児童の人的資本蓄積－教師へのインタビューから得られる政策的含意－

柳原光芳

経済科学 Vol. 58 ( 4 ) page： 39 - 51 2011.3

Capital Income Tax Evasion, Capital Accumulation and Welfare Reviewed

Seoul Journal of Economics Vol. 23 ( 3 ) page： 341 - 363 2010.10

Language：English Publishing type：Research paper (scientific journal)

We construct an overlapping-generations model where individualsevade capital income tax and carry out the short- and the long-run analyses to abstract the pure effects of policy parameters such as the capital income tax rate and the penalty rate on welfare levels. We show that: (i) undeclared savings may increase both in the short- and the long-run, even when the tax rate (the penalty rate) decreases (increases); (ii) there are trade-offs within each policy and across policies regarding the welfare effects in the short- and the long-run; (iii) both the welfare levels and the government revenue increase in the long-run if the tax rate decreases or the penalty rate increases, as long as the elasticities of such parameters
on capital stock are sufficiently large.

Reasons for Municipal Mergers and the Trends -Based on "a Questionnaire of Administrative and Fiscal Reform" in Three Prefectures of the Tokai Region- Reviewed

Mitsuyoshi Yanagihara, Hideya Kato, Yuichi Morita, Nobuhito Takeuchi

Studies in Regional Science Vol. 40 ( 1 ) page： 229 - 242 2010.8

Language：Japanese Publishing type：Research paper (scientific journal)

Based on the results of Tekeuchi et.al. [11] (2008) “a questionnaire of administrative and fiscal reform (Sep. 2006)," in Tokai region's three prefectures, we make a cluster analysis for the municipalities which did not merge from 2000 to 2006 by the reasons, so as to clarify what the crucial reasons for clustering these municipalities are. To make the clustering more objective, we also make a cross tabulation analysis by using the results of the questionnaires on how the Trinity Reform affects administrative and fiscal reforms of the municipalities.
The Trinity Reform, originally for increasing the freedom of administrative and fiscal management of municipalities, was conducted in parallel with municipal merger, originally for raising the efficiency of them. After the Reform, some researches tried to make sure whether, or how, it affected the administration and fiscal situation in municipalities. In Tokai region, Tekeuchi et.al. [11] (2008) given above carried out the questionnaire survey in 2006. Additionally, the Ministry of Internal Affairs and Communications [10] (2008) investigated why the municipalities merged and what the effects of the municipal merger were, by sending a questionnaire for all municipalities in Japan. Both of these questionnaires, however, only showed the descriptive statistics, so that the tendency of the answers of municipalities was not adequately captured.
To make up this shortage, we will use the replies to the 2 questionnaires in Chapter 1 and 3 in Chapter 2 from the municipalities which did not merge, among 5 chapters of “1. Municipal Merger," “2. The Trinity Reform and Devolution," “3. The Improvement of the Administration," “4. The Future Image of the Administration of the Municipalities" and “5. Fiscal Situation of the Municipalities" in Tekeuchi et.al. [11] (2008), to make both the cluster analysis and the cross tabulation analysis.
Firstly, we classified 79 municipalities by the replies to the questionnaire, “wh

市町村の財政状況と行財政効率化の姿勢―東海三県における「市町村行財政改革に関するアンケート調査」

加藤秀弥・竹内信仁・森田雄一・柳原光芳

研究所報　（名古屋経済大学　消費者問題研究所） Vol. 32 page： 93 - 122 2010.3

日本における教育補助政策の経済成長・人的資本蓄積に与える影響

柳原光芳・仲林眞子

経済科学 Vol. 57 ( 4 ) page： 121 - 137 2010.3

*Private and Public Education: Human Capital Accumulation under Parental Teaching Reviewed

Futagami, K, M. Yanagihara

The Japanese Economic Review Vol. 59 ( 3 ) page： 275-291 2008.9

Language：English Publishing type：Research paper (scientific journal)

東海三県の地方自治体における行財政の現状と将来－『市町村行財政改革に関するアンケート調査』から－

竹内信仁・森田雄一・柳原光芳・加藤秀弥

調査と資料 Vol. 115 2008.3

Language：Japanese Publishing type：Research paper (bulletin of university, research institution)

愛知・岐阜・三重の東海三県の地方自治体に「市町村行財政改革に関するアンケート調査」を行った。具体的には，市町村合併，三位一体改革，行政の効率化，行政の将来像および財政状況に関して質問した。この結果をもとに，「東海3県における市町村の合併前の実態」，「『市町村行財政改革に関するアンケート調査』から」，「財政状況と行財政の効率化」，「市町村合併の誘因に関する分析」を一連の研究成果としてまとめた。

The Effect of the Reforms in Government Expenditure and Public Pension on Japan's Macroeconomy -The Numerical Analysis under the Debt Maintenance Policy

Mitsuyoshi Yanagihara, Tsuyoshi Shinozaki

The Economic Science Vol. 55 ( 2 ) page： 25 - 37 2007.9

Authorship：Lead author Language：Japanese Publishing type：Research paper (scientific journal)

The objective of this paper is, using Japan's macroeconomic and fiscal data, to calibrate the effects of the reforms in government expenditure and public pension on GDP, tax revenue and the welfare levels when public debts are assumed to be constant, within a framework of an overlapping generations model. Our main findings are: (i) in the short-run, the welfare levels in the case of low population growth rate become higher than that in the case of high population growth rate, however, in the long-run, this result becomes the other way around, (ii) the level of the tax revenue, in the long-run, must be bigger compared to the present level, and (iii) from the viewpoint of the maximum sustainable public debt, the present level of capital stock might be “over-accumulated."

日本における賦課方式年金の分析―個人の労働所得税の脱税が可能な場合―

柳原光芳，　加藤秀弥

会計検査研究 Vol. 33 page： 71 - 88 2006.3

The Strong Transfer Paradox in an Overlapping Generations Framework Reviewed

Mitsuyoshi Yanagihara

Economics Bulletin Vol. 6 ( 3 ) page： 1 - 8 2006

Authorship：Lead author Language：English Publishing type：Research paper (scientific journal)

This paper examines how international capital mobility brings about transfer paradoxes in Galor and Polemarchakis's (1987) overlapping generations model. The analysis is confined to the case where two countries have the same economic circumstances except time preferences, and the economy is dynamically efficient. In this instance, when a permanent transfer is carried out, a strong paradox arises such that the recipient country becomes worse off and the donor country better off. Weak paradoxes can also occur where both countries are simultaneously better or worse off

*The Strong Transfer Paradox in an Overlapping Generations Framework Reviewed

Mitsuyoshi Yanagihara

Economics Bulletin Vol. 6 ( 3 ) page： 1-8 2006

Language：English Publishing type：Research paper (scientific journal)

Capital Income Tax Evasion and Welfare Levels in an Overlapping Generations Model

Economic Research Center Discussion Paper E-series Vol. E05 ( 1 ) 2005.1

地域経済の構造と地方財政

竹内信仁，柳原光芳

調査と資料 Vol. 111 page： 29 - 51 2001.3

A Literature Survey of the Theories of International Transfers

Mitsuyoshi Yanagihara

Osaka Economic Papers Vol. 49 ( 3-4 ) page： 243 - 265 2000

The Effect of International Transfers on Income Disribution

Mitsuyoshi Yanagihara

The NUCB Journal of Economics and Management Vol. 43 ( 2 ) page： 185 - 208 1999

Educational Costs, Educational Levels and Income Distribution

Mitsuyoshi Yanagihara

Osaka Economic Papers Vol. 48 ( 3-4 ) page： 49 - 78 1999

Public Goods and the Transfer Paradox in an Overlapping Generations Model Reviewed

Mitsuyoshi Yanagihara

The Journal of International Trade and Economic Development Vol. 7 ( 2 ) page： 175 - 205 1998

Language：English Publishing type：Research paper (scientific journal)

This paper, incorporating public goods into a two-country Diamond overlapping generations model, shows the existence of a transfer paradox. Governments supply public goods, in addition to imposing a tax on workers and issuing government bonds. In the short-run, only a weak paradox can occur, but in the long-run, both weak and strong paradoxes can occur. These paradoxical results depend on government policy concerning the level of supply of public goods, and on the difference in the levels of externality of public goods between the donor country and the recipient country. The transitional economy will also be discussed.

DOI： 10.1080/09638199800000010

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