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Public Debt, Sustainability and Economic Growth : Theory and Empirics / / by Alfred Greiner, Bettina Fincke



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Autore: Greiner Alfred Visualizza persona
Titolo: Public Debt, Sustainability and Economic Growth : Theory and Empirics / / by Alfred Greiner, Bettina Fincke Visualizza cluster
Pubblicazione: Cham : , : Springer International Publishing : , : Imprint : Springer, , 2015
Edizione: 1st ed. 2015.
Descrizione fisica: 1 online resource (284 p.)
Disciplina: 330
330.1
336
338.9
Soggetto topico: Economic growth
Macroeconomics
Development economics
Public finance
Economic theory
Political economy
Economic Growth
Macroeconomics/Monetary Economics//Financial Economics
Development Economics
Public Economics
Economic Theory/Quantitative Economics/Mathematical Methods
International Political Economy
Persona (resp. second.): FinckeBettina
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references and index.
Nota di contenuto: Introduction -- Sustainable Public Debt: Theory and Empirical Evidence -- Debt and Growth: A Basic Endogenous Growth Model -- Productive Government Spending, Public Debt and Growth -- Government Debt and Human Capital Formation -- Debt and Growth: Empirical Evidence -- Conclusion.
Sommario/riassunto: Public debt has become a severe problem for a great many economies. While the effects of tax policies on the allocation of resources are readily derived, the mechanisms that make public deficits and debt influence the economy are not so easily understood. This book elaborates on the effects of public debt starting from the intertemporal budget constraint of the government. It is shown under which conditions a government can stick to the intertemporal budget constraint, and, then, demonstrated how public debt affects the growth process and welfare in market economies. The effects are derived for models with complete labor markets as well as taking into account labor market imperfections. The focus in this book is on fiscal policy issues, but it also deals with monetary policy aspects. The theoretical analysis is complemented with empirical time series analyses on debt sustainability and with panel studies dealing with the relationship between public debt and economic growth.
Titolo autorizzato: Public Debt, Sustainability and Economic Growth  Visualizza cluster
ISBN: 3-319-09348-7
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910298514203321
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