Public Debt, Human Capital Formation, and Dynamic Inefficiency

被引：0
|
作者：
Berthold U. Wigger
机构：
[1] University of Erlangen-Nuremberg,Department of Economics
来源：
International Tax and Public Finance | 2005年 / 12卷
关键词：
public debt; human capital; endogenous growth;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
The present paper considers public debt in an economy where human capital formation sustains long-run per capita income growth. It shows that contrary to what has been obtained in other types of endogenous growth economies public debt may benefit current and future generations by removing dynamic inefficiency.
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页码：47 / 59
页数：12
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