Public Debt, Sustainability and Economic Growth

Theory and Empirics

Authors: Greiner, Alfred, Fincke, Bettina

  • Studies the effects of public debt on the economy
  • Highlights the role played by the intertemporal budget constraint of the government
  • Presents basic endogenous growth models allowing for public debt
  • Provides the R-codes and the data to replicate some estimation results
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eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-09348-2
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-319-09347-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: August 31, 2016
  • ISBN 978-3-319-36320-2
  • Free shipping for individuals worldwide
About this book

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.

Table of contents (7 chapters)

  • Introduction

    Greiner, Alfred (et al.)

    Pages 1-4

  • Sustainable Public Debt: Theory and Empirical Evidence

    Greiner, Alfred (et al.)

    Pages 5-79

  • Debt and Growth: A Basic Endogenous Growth Model

    Greiner, Alfred (et al.)

    Pages 81-145

  • Productive Government Spending, Public Debt and Growth

    Greiner, Alfred (et al.)

    Pages 147-203

  • Government Debt and Human Capital Formation

    Greiner, Alfred (et al.)

    Pages 205-232

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-09348-2
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-319-09347-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: August 31, 2016
  • ISBN 978-3-319-36320-2
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
Public Debt, Sustainability and Economic Growth
Book Subtitle
Theory and Empirics
Authors
Copyright
2015
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-09348-2
DOI
10.1007/978-3-319-09348-2
Hardcover ISBN
978-3-319-09347-5
Softcover ISBN
978-3-319-36320-2
Edition Number
1
Number of Pages
XVIII, 271
Number of Illustrations and Tables
56 b/w illustrations, 3 illustrations in colour
Topics