Population ageing, policy reforms and economic growth in Japan: a computable OLG model with endogenous growth mechanism

Manabu Shimasawa ()
Additional contact information
Manabu Shimasawa: Akita University

Economics Bulletin, 2007, vol. 3, issue 49, 1-11

Abstract: We have developed a computable endogenous growth OLG model generated by the accumulation of human capital. To study whether policy reform against aging make any quantitative impacts through human capital formation on the Japanese economy and whether it has long-run effect, we simulate two policy change scenarios and compare the results of those with endogenous growth to those with exogenous growth. The results are very encouraging: (i) policy changes promote human capital accumulation and thus accelerate economic growth. (ii) they have positive effects in the long run. Moreover, the traditional exogenous growth OLG model underestimates the effect of policy reform.

JEL-codes: C6 J1 (search for similar items in EconPapers)
Date: 2007-10-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.accessecon.com/pubs/EB/2007/Volume3/EB-07C60004A.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-07c60004

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().