Last edited by Zusho
Monday, May 11, 2020 | History

4 edition of Public Debt and Endogenous Growth (Contributions to Economics) found in the catalog.

Public Debt and Endogenous Growth (Contributions to Economics)

by Michael Bräuninger

  • 8 Want to read
  • 36 Currently reading

Published by Physica-Verlag Heidelberg .
Written in English

    Subjects:
  • Economics,
  • Public Finance,
  • Endogenous growth (Economics),
  • Debts, Public,
  • Business & Economics,
  • Business / Economics / Finance,
  • Business/Economics,
  • Mathematical models,
  • Economics - General,
  • Business & Economics / Public Finance,
  • Economic development

  • The Physical Object
    FormatPaperback
    Number of Pages182
    ID Numbers
    Open LibraryOL9103733M
    ISBN 103790800562
    ISBN 109783790800562

      The theoretical chapters present endogenous growth models and assume that the primary surplus rises as public debt increases so that sustainability of public debt is given. Implications of public deficits and debt are studied assuming full employment and for unemployment. Drawing upon these empirical findings, some theoretical studies have investigated the relationship between economic growth and public debt using an endogenous growth model with public capital and specified fiscal rules. Minea and Villieu () analyzed an economy where the government adopts the golden rule of public finance. Their study showed Author: Akira Kamiguchi, Toshiki Tamai.

    The analysis is undertaken through extensions of recently developed endogenous growth models. The results suggest that while higher levels of the public debt may affect long-run economic growth negatively, the order of magnitude is not large enough to be a cause for serious concern. Get this from a library! Public debt and endogenous growth: with 10 tables. [Michael Bräuninger].

    Munich Personal RePEc Archive A Politico-economic Approach on Public Debt in an Endogenous Growth Economy Arai, Real and Naito, Katsuyuki Graduate School of Social Sciences, Hiroshima University, Faculty of Economics, Asia University 27 May Online at MPRA Paper No. , posted 09 Jun UTCCited by: 2. We construct an endogenous growth model with productive public capital and government debts where government debts are gradually adjusted to target level. We examine how debt-reductions of the government affect the transitional dynamics and welfare of the economy. Fiscal consolidation has contractionary effects on economy in the short run, whereas it has positive long run effects on the growth.


Share this book
You might also like
President Lincoln and James Garfield

President Lincoln and James Garfield

Ireland and the European Community

Ireland and the European Community

Anne Morrow Lindbergh

Anne Morrow Lindbergh

Tables of collision integrals and second virial coefficients for the (m, 6, 8) intermolecular potential function

Tables of collision integrals and second virial coefficients for the (m, 6, 8) intermolecular potential function

The 2000 Import and Export Market for Provitamins and Vitamins in North Korea (World Trade Report)

The 2000 Import and Export Market for Provitamins and Vitamins in North Korea (World Trade Report)

Spectrum of New Broadcast/Media Technologies

Spectrum of New Broadcast/Media Technologies

The Dearly Departed (Chivers Sound Library)

The Dearly Departed (Chivers Sound Library)

Dalit rights in Bihar

Dalit rights in Bihar

TEACHER EDUCATION PROGRAM: ACTION RESEARCH GUIDELINES

TEACHER EDUCATION PROGRAM: ACTION RESEARCH GUIDELINES

history of the world economy

history of the world economy

Public Debt and Endogenous Growth (Contributions to Economics) by Michael Bräuninger Download PDF EPUB FB2

Public Debt and Endogenous Growth (Contributions to Economics) [Bräuninger, Michael] on *FREE* shipping on qualifying offers. Public Debt and Endogenous Growth (Contributions to Economics)Cited by: About this book.

This book considers public debt dynamics in various endogenous growth models, namely the AK model and explicit models of innovation and human capital accumulation.

Furthermore, the closed economy, the small open economy and a two-country world are analysed. In the closed economy model, the focus is on budget deficit and public debt dynamics and their influence on capital growth and output : Michael Bräuninger. The theoretical chapters present endogenous growth models and assume that the primary surplus rises as public debt increases so that sustainability of public debt is given.

Implications of public deficits and debt are studied assuming full employment and for unemployment. The conclusion summarizes the findings and compares the results of the different models. Finally, policy implications are given showing how governments should deal with high public debt Cited by: Introduction This book considers public debt dynamics in various endogenous growth models, namely the AK model and explicit models of innovation and human capital accumulation.

Furthermore, the closed economy, the small open economy and a two-country world are analysed. 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 Public Debt and Endogenous Growth book are not so easily understood.

This book elaborates on the effects of public debt starting from the intertemporal budget constraint of the government. Introduction. 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. Public debt in a basic endogenous growth model Alfred Greiner⁄ Department of Business Administration and Economics, Bielefeld University, P.O.

Box Bielefeld, Germany email: [email protected] Tel. +49fax +49 Abstract In this note we work out the mechanism that makes public debt afiect the al-Cited by: Abstract This paper presents and analyzes an endogenous growth model with public cap- ital and public debt.

It is assumed that the ratio of the primary surplus to gross domestic income is a positive linear function of the debt income ratio which assures that public debt is sustainable. Public Debt and Growth1 Prepared by Manmohan S. Kumar and Jaejoon Woo July This paper explores the impact of high public debt on long-run economic growth.

The analysis, based on a panel of advanced and emerging economies over almost four decades, takes into. ernment’s target is a constant debt ratio. The savings of the economy are split between financing next period physical. capital and the amount of public debt set in circulation by the government.

As a result, issuing public debt reduces the capital level in the next period. This paper analyzes the effects of public debt on endogenous growth in an overlapping generations model. The government fixes the budget deficit ratio.

If the deficit ratio stays below a critical level, then there are two steady states where capital, output, and public debt grow at the same constant by: Public Investment, Growth and Debt Sustainability: Putting Together the Pieces Prepared by Edward Buffie, Andrew Berg, Catherine Pattillo, Rafael Portillo, and Luis-Felipe Zanna1 June Abstract This Working Paper should not be reported as representing the views of the IMF.

This book considers public debt dynamics in various endogenous growth models, namely the AK model and explicit models of innovation a and human capital accumulation.

Furthermore, the closed. Public debt in a descriptive endogenous growth model Alfred Greiner Abstract In this paper we analyze a descriptive endogenous growth model with public debt. The government can run into debt, but, the primary surplus is a positive function of the debt to GDP ratio such that the debt ratio becomes a mean-reverting process.

THE BUDGET DEFICIT, PUBLIC DEBT, AND ENDOGENOUS GROWTH. Public debt and endogenous growth. [Michael Bräuninger] -- "This book considers public debt dynamics in various endogenous growth models, namely the AK model and explicit models of innovation and human capital accumulation.

(). Endogenous longevity, public debt and endogenous growth. Applied Economics Letters: Vol. 26, No. 15, pp. Author: Akira Kamiguchi, Kazuki Hiraga. We analyze effects of public debt in a basic endogenous growth model with productive public spending.

We demonstrate that a discretionary policy violates the inter-temporal government budget constraint along a balanced growth path. A balanced government budget gives a unique saddle point stable growth path. This paper analyzes the effects of public debt on endogenous growth in an overlapping generations model.

The government fixes the budget deficit ratio. If the deficit ratio stays below a critical. lapping generations models with endogenous growth. Josten (b) consid-ers a discrete time overlapping generations model with public debt, where the government fixes the tax rate.

As a result, there is a stable steady state if saving behavior guarantees that without public debt the endogenous growth rate is above the interest by:. This paper analyzes the effects of public debt on endogenous growth in an overlapping generations model. The government fixes the budget deficit ratio.

If the deficit ratio stays below a critical level, then there are two steady states where capital.this book works out fundamental properties of public debt within basic models of endogenouseconomic growth.

Therefore, it is also suited as a textbook for graduateFile Size: 4MB.Public Debt, Endogenous Growth Cycles and Indeterminacy Maxime Menuet a, Alexandru Mineab,1, Patrick Villieu aUniv.

Orl´eans, CNRS, LEO, UMRFA, Orl´eans, France bSchool of Economics & CERDI, Universit´e d’Auvergne Department of Economics, Carleton University, Ottawa, Canada Abstract This paper presents a theoretical setup for studying nonlinear effects of pubic debt in.