Public Debt and Economic Growth

• Main Authors: Greiner, Alfred (Author), Fincke, Bettina (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2009.
• Series: Dynamic Modeling and Econometrics in Economics and Finance, 11
• Subjects: Macroeconomics.; Public finance.; Development economics.; Economic growth.; Environmental economics.; Economics.; Environmental Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Public Economics.; Economic Growth.; Development Economics.

Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether empiri...

Table of Contents:

• and Overview
• Sustainability of Public Debt
• Public Debt and Economic Growth: A Theoretical Model
• Public Debt, Productive Public Spending and Economic Growth with Full Employment
• The Role of Real Wage Rigidity and Unemployment
• Conclusion.