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Generational Accounts - A Meaningful Alternative to Deficit Accounting
Auerbach, Alan J. - 1991
This paper presents a set of generational accounts (GAS) that can be used to assess the fiscal burden current generations are placing on future generations. The GAS indicate the net present value amount that current and future generations are projected to pay to the government now and in the...
Persistent link: https://www.econbiz.de/10012475431
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On the Japanese Economy and Japanese National Accounts
Ando, Albert - 2000
A review of the Japanese National Accounts reveals that the Japanese household sector has apparently suffered a capital loss of some 400 trillion-yen in 1990 consumption prices since 1970. This loss is large enough to explain most of the Japanese recession of the 1990's. We can trace some...
Persistent link: https://www.econbiz.de/10012470697
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Measuring Depreciation For Japan : Rejoinder to Dekle and Summers
Hayashi, Fumio - 1991
rate (ratio of depreciation to the capital stock) is implausibly high. I argue in this rejoinder that Japan's high … Japan. Second, equipment capital (a component of the denominator in the depreciation rate) in the Japanese national accounts … seems underestimated. Therefore, my estimate of the level of depreciation for Japan does not seem exaggerated …
Persistent link: https://www.econbiz.de/10012475157
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The Growth of Nations Revisited : Global Environmental Accounting from 1998 to 2018
Mohan, Aniruddh - 2020
A persistent issue in environmental economics is whether growth is sustainable. Pollution is a key driver of sustainability, which we define as an economy exhibiting falling pollution damages at its balanced growth path. We deduct air pollution and carbon dioxide damages from the national...
Persistent link: https://www.econbiz.de/10012481593
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Understanding PPPs and PPP-based national accounts
Deaton, Angus - 2008
PPP-based national accounts have become an important part of the database for macroeconomists, development economists, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World Development Indicators; a substantial fraction of the world...
Persistent link: https://www.econbiz.de/10012464148
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Population Aging and Intergenerational Transfers : Introducing Age into National Accounts
Mason, Andrew - 2006
In all societies intergenerational transfers are large and have an important influence on inequality and growth. The development of each generation of youth depends on the resources that it receives from productive members of society for health, education, and sustenance. The well-being of the...
Persistent link: https://www.econbiz.de/10012465891
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What is Productivity : Capacity or Welfare Management?
Hulten, Charles R. - 1992
A number of recent papers have examined the role of environmental variables in accounting for economic growth, and have concluded that net measures of national product are superior to gross measures in portraying the outcome of the growth process. This paper argues that the two measures are not...
Persistent link: https://www.econbiz.de/10012475012
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Population and Welfare : The Greatest Good for the Greatest Number
Adhami, Mohamad; Bils, Mark; Jones, Charles I.; Klenow, … - National Bureau of Economic Research - 2023
Mexico and South Africa rise sharply in the growth rankings, whereas China, Germany, and Japan plummet. These results are … robust to incorporating time use and fertility decisions using data from the U.S., Mexico, the Netherlands, Japan, South …
Persistent link: https://www.econbiz.de/10014447320
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Fiscal Stance and the Real Exchange : Some Empirical Estimates
Clarida, Richard - 1999
fiscal surpluses in the US, the annual announcement of yet another fiscal stimulus package in Japan, and Maastricht limits on …
Persistent link: https://www.econbiz.de/10012471719
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A Goldilocks Theory of Fiscal Deficits
Mian, Atif; Straub, Ludwig; Sufi, Amir - National Bureau of Economic Research - 2022
model, we find little space for "free lunch" policies for the United States in 2019, but ample space for Japan …
Persistent link: https://www.econbiz.de/10012814482