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...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Bräuninger, Michael (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Heidelberg Physica-Verlag HD 2003
Ausgabe:	1st ed. 2003
Schriftenreihe:	Contributions to Economics
Schlagworte:	Economics, general Public Economics Economic Growth Economics Management science Public finance Economic growth Offene Volkswirtschaft Endogenes Wirtschaftswachstum Geschlossene Volkswirtschaft Öffentliche Schulden
Online-Zugang:	BTU01 Volltext
Zusammenfassung:	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
Beschreibung:	1 Online-Ressource (X, 182 p)
ISBN:	9783642574207
DOI:	10.1007/978-3-642-57420-7