|
|
Government Debt and Economic Growth in an Overlapping Generations Model.
- Article from:
-
Southern Economic Journal
- Article date:
-
January 1, 2000
- Author:
-
|
Copyright informationCOPYRIGHT 2000 Southern Economic Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Shuanglin Lin [*]
Prior studies have shown that an increase in government debt raises the real interest rate and lowers the rate of economic growth. In an overlapping generations model of endogenous growth, this paper shows that an increase in government debt may not increase the real interest rate with the real interest rate being greater than the growth and that an introduction of government debt will increase the growth rate of per capita output if the growth rate is greater than the real interest rate and will decrease the growth rate if the growth rate is less than the real interest rate.
1. Introduction
Recent decades have seen a large increase in the share ...
Related newspaper, magazine, and journal articles:
|
growth rate
A Dictionary of Economics;
118 words
...growth rate The proportional or percentage rate of increase of any economic...grows from 1 to 1 + x , this is a proportional growth rate of x , or a percentage growth rate of 100 x . If working in continuous time, a continuous growth...
|
|
Government debt remains at 102% of GDP in first half
Jerusalem Post;
August 21, 2003 ;
531 words
...00-00-0000 Headline: Government debt remains at 102% of GDP in first...Thursday, August 21, 2003 -- The government debt remained at 102 percent of...Wednesday. The nominal value of government debt actually rose by 1.5% in real...
|
|
Philippine Agriculture Growth Rate Increases
Xinhua English Newswire;
May 21, 1997 ;
199 words
...The growth rate of the Philippines' agriculture sector...reported today. At current prices, this growth rate is translated into a gross value of...Secretary Salvador Escudero as saying the growth rate is a good indicator of being able to...
|
|
government debt
A Dictionary of Economics;
108 words
...government debt Debt owed by the government at any level. It...level of government to another, such as central government debt held as financial reserves by local authorities. Government debt may be measured gross or net, when some firms...
|
|
natural growth rate
A Dictionary of Economics;
141 words
...natural growth rate The growth rate of national income which would just maintain a constant unemployment...the labour force grows at rate g , this will be the natural growth rate. If there is also technical progress at rate p , the natural...
|
|
Vic: Vic growth rate better than predicted: Govt
AAP General News (Australia);
November 13, 2002 ;
254 words
...00-00-0000 Vic: Vic growth rate better than predicted: Govt MELBOURNE, Nov 13 AAP - Victoria's growth rate was the third highest in the country...significantly above those of the national growth rate itself, he told reporters. That is a...
|
|
Government debt down slightly in relation to GDP
Jerusalem Post;
March 9, 2005 ;
519 words
......Jerusalem Post 03-09-2005 Headline: Government debt down slightly in relation to GDP Byline...17 Wednesday, March 9, 2005 -- The government debt deceased slightly in relation to Israel...the Bank of Israel said Tuesday. The government debt rose 3.45% by the end of 2004 to total...
|
|
Austria's 2008-2012 annual economy growth rate forecast 2.1 pc
Xinhua News Agency;
July 30, 2008 ;
225 words
...Austria's 2008-2012 annual economy growth rate forecast 2.1 pc VIENNA, July 30 (Xinhua...2012, saying the country's average annual growth rate of 2.1 percent could be seen. The forecast growth rate for the future five years was 0.4 percent...
|
|
COUNTY GROWTH RATE REACHES 3 PERCENT
Wyoming Tribune-Eagle;
October 4, 2000 ;
469 words
...CHEYENNE -- The growth rate for Laramie County is a two-faced coin. Heads: the growth rate for the county was no less than 3 percent...and find new ones to fill added jobs. "The growth rate that we're talking about is a combination...
|
|
GUIDELINES FOR CENTRAL GOVERNMENT DEBT MANAGEMENT IN 2008
US Fed News Service, Including US State News;
November 15, 2007 ;
353 words
......decided the guidelines for central government debt management for 2008-2010. For 2008...billion. The guidelines for central government debt management should be seen in the light...an expected decline in the central government debt of over SEK 500 billion from 2006...
|
|
NSW: Egan says general government debt less than zero
AAP General News (Australia);
December 14, 2004 ;
328 words
......14-2004 NSW: Egan says general government debt less than zero SYDNEY, Dec 14 AAP - General government debt had been eliminated in NSW, state...Christmas, would show actual general government debt was now less than zero, down from...
|
|
Population growth rate declining in Pakistan
Xinhua News Agency;
December 4, 2002 ;
229 words
...Population growth rate declining in Pakistan ISLAMABAD, Dec. 3 (Xinhua) -- The poppulation growth rate in Pakistan has declined from 3.6 percent...Amjad said that in 1980s, the population growth rate was 3.6 percent which was reduced to...
|
|
Philippine government debt up by January
Xinhua News Agency;
April 27, 2005 ;
184 words
...Philippine government debt up by January MANILA, April 27 (Xinhua) -- The Philippine government debt stood at 4.01 trillion pesos (74.25...made by the government, it said. Total government debt is composed of 15.5 percent short-term...
|
|
Short Communication: Amino Acids Antagonistic to the Amino Acids...
Journal of Dairy Science;
July 1, 2005 ;
700+ words
......other AA (Ile, Phe, and Thr) on the growth rate of mixed ruminai bacteria was investigated. In vitro growth rate of the mixed ruminai bacteria was...were indispensable for the maximum growth rate of the ruminal bacteria under the...
|
|
Nepal's GDP growth rate declines by 1.2 pct
Xinhua News Agency;
January 19, 2006 ;
237 words
...Nepal's GDP growth rate declines by 1.2 pct KATHMANDU, Jan...Nepal's Gross Domestic Product (GDP) growth rate in the fiscal year 2004-05 has gone...fiscal year, due to weak agricultural growth rate, low capital formation and dismal...
|
See all results.
Or, try our
Advanced Search.
|