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Childcare Support and Economic Growth in an Ultra-Declining Birthrate Society

Miyake, Yusuke (2021): Childcare Support and Economic Growth in an Ultra-Declining Birthrate Society.

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Abstract

This paper analyzes weather public capital investment oor childcare support maximize growth rate in an ultra-declining birthrate society using a labor augmented model with the public capital. We clarify the global stability of the private capital-public capital ratio to the steady state. In addition, we analyze the effect of increasing expenditure share of a tax revenue on the economic growth. The result of this analysis shows that increased share on the public capital investment brings the higher economic growth. This means that if all tax revenue is allocated to the public capital investment, the growth rate will be maximized.

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