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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/314

タイトル: Crowding-out and Crowding-in Effects of Government Bonds Market on Private Sector Investment (Japanese Case Study)
著者: Abdullatif Alani, Emad M.A.
キーワード: Government debt
Budget deficit
Government bonds
Crowding out/crowding in
Japan
National debt
Private sector
日本
国債
民間部門
Issue Date: Oct-2006
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 74. 2006.10
抄録: This paper reviews the relationship between public sector investment and private sector investment through government expenditures financed by government bonds in the Japanese economy. This study hypothesizes that deficit financing by bond issues does not crowd out private sector investment, and this finance method may crowd in. Thus the government increases bond issues and sells them in the domestic and international financial markets. This method does not affect interest rates because they are insensitive to government expenditures and they depend on interest rates levels in the international financial market more than in the domestic financial market because of globalization and integration among financial markets.
URI: http://hdl.handle.net/2344/314
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/その他(Developed Countries)

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