完全雇用成長と財政赤字の縮小に必要な税率構造の変更

概要

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How should the government change the tax rates and the government expenditure, in order to make full employment growth possible and reduce the enormous deficit of the public finance? This paper will answer the above question. Firstly it deduces the decision functions of growth rate, output-capital ratio and interest rates from the equilibrium analysis of bond markets and commodity market. Secondly it derives the rate of contribution of policy variables to growth from analyzing the macroeconomic model made out of these decision functions. It is explained here that the change of income tax rate is different from the change of other tax rates (corporation tax rate and consumption tax rate) as to effect on growth rate. Lastly it will show how the necessary changes of tax rates and government expenditure depend upon both the rates of contribution to growth and the rates of contribution to the budget.
2003-04-25