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Public Debt and Endogenous Growth by Michael Brauninger
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Public Debt and Endogenous Growth

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Description

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.
Release date NZ
June 23rd, 2003
Audiences
  • General (US: Trade)
  • Postgraduate, Research & Scholarly
  • Professional & Vocational
  • Undergraduate
Edition
Softcover reprint of the original 1st ed. 2003
Illustrations
X, 182 p.
Pages
182
Dimensions
156x234x10
ISBN-13
9783790800562
Product ID
2428032

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