Public Debt and Endogenous Growth

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...

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Bibliographic Details
Main Author: Bräuninger, Michael
Format: eBook
Language:English
Published: Heidelberg Physica-Verlag HD 2003, 2003
Edition:1st ed. 2003
Series:Contributions to Economics
Subjects:
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
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245 0 0 |a Public Debt and Endogenous Growth  |h Elektronische Ressource  |c by Michael Bräuninger 
250 |a 1st ed. 2003 
260 |a Heidelberg  |b Physica-Verlag HD  |c 2003, 2003 
300 |a X, 182 p  |b online resource 
505 0 |a 1 Introduction -- I The Closed Economy with AK Production -- 2 The Solow Model -- 3 The Overlapping Generations Model -- II Human Capital and Innovations in the Closed Economy -- 4 The Augmented Solow Model -- 5 The Romer Model -- III The Open Economy with AK Production -- 6 The Solow Model of the Small Open Economy -- 7 The Solow Model of a Two-Country World -- 9 Result -- Symbols -- References 
653 |a Economics 
653 |a Public Economics 
653 |a Public finance 
653 |a Management science 
653 |a Economic Growth 
653 |a Economic growth 
653 |a Economics, general 
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989 |b SBA  |a Springer Book Archives -2004 
490 0 |a Contributions to Economics 
856 4 0 |u https://doi.org/10.1007/978-3-642-57420-7?nosfx=y  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a 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