Abstract:Intergenerational sustainability (IS) has emerged as the most serious social problem reflecting climate change and accumulation of public debt in modern democratic societies, undermining the potential interests and concerns of future generations. However, little is known about whether or not deliberative forms of democracy with majority voting help support at maintaining IS by representing future generations’ potential interests and concerns. We institute IS dilemma game with three forms of decision-making mod… Show more
“…Shahrier et al [36] and Timilsina et al [37], who studied ISDG with Bangladeshi and Nepalese participants, respectively, showed that rural people tended to choose sustainable options more frequently than urban people did. On the other hand, Koirala et al [38] found that gender was not a significant factor in their ISDG in which university students participated. Timilsina et al [37] found that there were no significant differences in the choice of the sustainable option by gender, education, income, and single-family status in their ISDG of 102 Nepalese.…”
As global environmental problems worsen, there is a concern for future generations who may face an unfairly degraded environment. In this study, we asked individuals from the current generation questions about using and bequeathing a common local asset to future generations in order to identify individual characteristics that influence their intentions to benefit future generations. A total of 960 Japanese individuals ranging from 20 to over 70 years old participated in an online survey. Explanatories include five time-perspective scales based on the psychology literature and demographic attributes such as age, sex, household income, marital status, final education level, and population size. Using logistic regression, we found that altruism was the most significant and positive factor influencing their intentions to benefit future generations. Three other time-perspective scales, namely future neglect, creativity, and generativity, also influenced the intentions, albeit negatively and to a lesser extent. Demographic attributes were generally not found to significantly influence intentions. Finally, we argue that three psychological conditions—time horizon, negative aspects of creativity, and sufficient altruism—could potentially lead people to choose decisions that are more beneficial to future generations.
“…Shahrier et al [36] and Timilsina et al [37], who studied ISDG with Bangladeshi and Nepalese participants, respectively, showed that rural people tended to choose sustainable options more frequently than urban people did. On the other hand, Koirala et al [38] found that gender was not a significant factor in their ISDG in which university students participated. Timilsina et al [37] found that there were no significant differences in the choice of the sustainable option by gender, education, income, and single-family status in their ISDG of 102 Nepalese.…”
As global environmental problems worsen, there is a concern for future generations who may face an unfairly degraded environment. In this study, we asked individuals from the current generation questions about using and bequeathing a common local asset to future generations in order to identify individual characteristics that influence their intentions to benefit future generations. A total of 960 Japanese individuals ranging from 20 to over 70 years old participated in an online survey. Explanatories include five time-perspective scales based on the psychology literature and demographic attributes such as age, sex, household income, marital status, final education level, and population size. Using logistic regression, we found that altruism was the most significant and positive factor influencing their intentions to benefit future generations. Three other time-perspective scales, namely future neglect, creativity, and generativity, also influenced the intentions, albeit negatively and to a lesser extent. Demographic attributes were generally not found to significantly influence intentions. Finally, we argue that three psychological conditions—time horizon, negative aspects of creativity, and sufficient altruism—could potentially lead people to choose decisions that are more beneficial to future generations.
“…The consensus regarding its definition, measurement and magnitude is yet to be reached (Maebayashi and Konishi, 2021;D'Erasmo et al, 2016;Afonso, 2005;Blanchard et al, 1991;Buiter, 1985). Furthermore, the lack of agreement over its measurement adds to the challenges already faced by financial experts (Koirala et al, 2021;Werding, 2021).…”
Section: Introductionmentioning
confidence: 99%
“…Looking at governments' increasing reliance on borrowings, many economists have anticipated that such a situation is heading towards a "debt trap" (Rengel, 2020;Sovacool and Walter, 2019). When confronted with an environment of high deficits, the debt trap is the sustainability problem, which is perceived to be a long-term issue related to the government's budgetary position (de-C ordoba et al, 2022;Koirala et al, 2021;Gebhardt and Siemers, 2020;Schaltegger and Weder, 2014). The long-term imbalances in the government's resources or budgets give rise to unsustainable public debt (Butkus et al, 2021;Briceño and Perote, 2020;Ari and Koc, 2018;Jha and Sharma, 2004).…”
Section: Introductionmentioning
confidence: 99%
“…, 1991; Buiter, 1985). Furthermore, the lack of agreement over its measurement adds to the challenges already faced by financial experts (Koirala et al. , 2021; Werding, 2021).…”
Section: Introductionmentioning
confidence: 99%
“…When confronted with an environment of high deficits, the debt trap is the sustainability problem, which is perceived to be a long-term issue related to the government's budgetary position (de-Córdoba et al. , 2022; Koirala et al. , 2021; Gebhardt and Siemers, 2020; Schaltegger and Weder, 2014).…”
PurposeDue to the financial disturbances created by the COVID-19 pandemic and the burden on the government exchequer, it is expected to see a rise in the knowledge base of the research corpus so far as the government's fiscal sustainability is concerned. Therefore, the present research examines a systematic quantitative analysis of public debt sustainability research by applying a bibliometric approach. Research also analyzes journals, institutions, countries and authors contributing to public debt sustainability.Design/methodology/approachThis paper scrutinizes the published scientific research on public debt sustainability based on the dataset of 535 articles from 1991 to 2021 obtained from the Scopus database. Biblioshiny (R-based application) and VoSviewer software were used to perform bibliometric analysis through Performance analysis and science mapping techniques. The authors combined co-citation analysis (CCA), bibliometric analysis, keyword co-occurrence analysis (KCA) and a conceptual thematic map of the most cited articles to find the intellectual structure.FindingsThe research identified three dominating clusters, e.g. fiscal sustainability and policy rules, empirical sustainability testing and debt and growth dynamics. Another finding was that most articles were analytical and empirical and few descriptive articles were found. Owing to the empirical nature of the domain, the issues concerning public debt sustainability have continued to change over the past decades for different economies, reflecting the complexity and diversity of economic structures of different economies at different times.Originality/valueThe insight of this article provides academicians and researchers with a more refined comprehension of the conceptual and intellectual structure of the research corpus. The present research complements the existing literature review studies by pushing the research towards emerging or less developed issues such as financial and debt crises.
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