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Public debt sustainability and economic growth : theory and empirics / Alfred Greiner

By: Greiner, AlfredMaterial type: TextTextLanguage: English Publisher: Switzerland : Springer International Publishing, 2015Description: xviii, 271 p. : illISBN: 9783319093475; 9783319093482Subject(s): Debts, Public | Sustainable development | Economic policyDDC classification: 336.34
Contents:
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.
Summary: 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.
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Item type Current location Call number Status Date due Barcode
Books Institute of Public Enterprise, Library
S Campus 		336.34 GRE.P (Browse shelf) Available 42172

Includes bibliographical reference and Indexes.

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.

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.

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