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Journals / Maliye Dergisi / 2009 / Sayı: 156

Specifying the relationship between public debt,capital stock and consumption : an overlapping generations model

Kamu borçlanması,sermaye stoku ve tüketim ilişkisinin belirlenmesi : Bir ardışık nesiller modeli

İlter ÜNLÜKAPLAN
Pages
232–248
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

On the other hand, the simulations show that the duration of the tax cut causes important effects on the decrease of the capital stock.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, the possible effects of public debt accumulation on the capital stock and the consumption possibilities of different generations as a result of the income tax cut which duration is 1,5 and 10 years, has been examined in line with the overlapping generations dynamic general equilibrium model, consists of 55 generations, constructed for the Turkish economy representing the year 1998.
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Key Findings & Data:The results of the study indicate that increases in the public debt may cause important decreases in the capital stock, while it may increase the consumption possibilities of all generations.
💡
Conclusion & Impact:On the other hand, the simulations show that the duration of the tax cut causes important effects on the decrease of the capital stock.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

In this study, the possible effects of public debt accumulation on the capital stock and the consumption possibilities of different generations as a result of the income tax cut which duration is 1,5 and 10 years, has been examined in line with the overlapping generations dynamic general equilibrium model, consists of 55 generations, constructed for the Turkish economy representing the year 1998. The results of the study indicate that increases in the public debt may cause important decreases in the capital stock, while it may increase the consumption possibilities of all generations. On the other hand, the simulations show that the duration of the tax cut causes important effects on the decrease of the capital stock.

Özet

Bu çalışmada 1998 yılı Türkiye Ekonomisi için kurulmuş 55 nesilli ardışık nesiller dinamik genel denge modeli çerçevesinde, 1,5 ve 10 yıllık gelir vergisi indirimleri sonucu kamu borçlanmasında meydana gelecek artışın, sermaye stoku ve farklı nesillerin tüketim imkânları üzerindeki olası etkileri incelenmiştir. Kamu borçlanmasındaki artışın sermaye stokunda önemli düşüşlere yol açabileceği, ancak nesillerin tümü üzerinde tüketimi arttırıcı yönde etki yaptığı sonucuna varılmıştır. Diğer yandan yapılan simülasyonlar, vergi indiriminin süresinin de sermaye stokundaki azalma üzerinde önemli etkilere yol açtığını göstermiştir.

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Cite This Article

ÜNLÜKAPLAN, İ. (2009). Specifying the relationship between public debt,capital stock and consumption : an overlapping generations model. Maliye Dergisi, Sayı: 156, 232–248. https://ajindex.com/articles/79131

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