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- About this book
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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)
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Introduction
Pages 1-2
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The Solow Model
Pages 5-37
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The Overlapping Generations Model
Pages 39-57
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The Augmented Solow Model
Pages 61-81
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The Romer Model
Pages 83-110
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Table of contents (9 chapters)
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Bibliographic Information
- Bibliographic Information
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- Book Title
- Public Debt and Endogenous Growth
- Authors
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- Michael Bräuninger
- 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
