Public Debt and Population Change: A Future Prediction of the Long Lasting Effects of a Shrinking Population on the Public Debt of Japan
It is the primary purpose of this thesis to examine the relationship between public debt and population change for Japan. The study also aims to analyse if government revenues and interest rates could affect the future Japanese debt-to-GDP ratio. Consequently, through the use of an adapted form of the Romer model of economic growth, the study first creates future predictions of how the Japanese GD