Picture 1 of 1

Stock photo

Public Debt and Endogenous Growth. Brauninger 9783790800562 Free Shipping<| - Picture 1 of 1

Public Debt and Endogenous Growth by Michael Brauninger (Paperback, 2003)

baham_books (2544607)

99.4% positive Feedback

Price:

£111.75

Free postage

Estimated delivery Tue, 20 May - Wed, 28 May

Returns:

30 days return. Buyer pays for return postage. If you use an eBay delivery label, it will be deducted from your refund amount.

Condition:

New

Publisher: Springer ISBN 13: 9783790800562. Title: Public Debt and Endogenous Growth Item Condition: New. Used-Very Good: The book will be clean without any major stains or markings, the spine will be in excellent shape with only minor creasing, no pages will be missing and the cover is likely to be very clean.

About this product

Product Information

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.