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Contributions to Economics

Public Debt and Endogenous Growth

Authors: Bräuninger, Michael

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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 growth. Then, in the open economy model, the effects on foreign debt growth are considered. In a two-country setting, public debt growth in one country affects growth in the other country. In each scenario the government either fixes the deficit ratio or the tax rate. For both strategies the steady state is derived and stability is analysed. Then, dynamics induced by various shocks and policy measures are explored. Many diagrams illustrate the dynamics.

Table of contents (9 chapters)

Table of contents (9 chapters)

Buy this book

eBook $89.00
price for USA in USD
  • ISBN 978-3-642-57420-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $119.99
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
Public Debt and Endogenous Growth
Authors
Series Title
Contributions to Economics
Copyright
2003
Publisher
Physica-Verlag Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-57420-7
DOI
10.1007/978-3-642-57420-7
Softcover ISBN
978-3-7908-0056-2
Series ISSN
1431-1933
Edition Number
1
Number of Pages
X, 182
Topics