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Debt and Economic Growth: The Case of Japan

Journal of Economics Library

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Title Debt and Economic Growth: The Case of Japan
 
Creator KURIHARA, Yutaka; Professor, Aichi University
 
Description This article empirically examines whether or not public debt has an effect on economic growth in Japan. Public debt is becoming a concern all over the world. It is no longer a problem of developing countries but is becoming a serious problem for developed countries as well. In Japan, large accumulation of debtis now receiving much attention. This article focuses on the Japanese case of the relationship between public debt and growth. The results show indicate a negative relationship between public debt and economic growth in Japan, as in many existing studies. Moreover, openness of the economy is not related to economic growth. Debt should be avoided or the quantity should be reduced in future. Reduction of dependence on exportsand efforts to cut the debt is necessary to expand Japan’seconomy.Keywords. Debt, Deficit, Economic growth.JEL. H30, H63.
 
Publisher Journal of Economics Library
 
Contributor —
 
Date 2015-06-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEL/article/view/278
10.1453/jel.v2i2.278
 
Source Journal of Economics Library; Vol 2, No 2 (2015): June; 45-52
2149-2379
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEL/article/view/278/443
 
Rights Copyright (c) 2015 Journal of Economics Library
http://creativecommons.org/licenses/by-nc/4.0