Dixon, Peter B.; McDonald, Daina - In: Australian Economic Review 19 (1986) 2, pp. 22-37
This article analyses Australia's debt accumulation since 1975 and comments on possible future paths of adjustment. In Section 2 we derive a formula describing the dynamics of debt accumulation. In Section 3 we apply the formula with Australian data for the period 1975 to 1985. A detailed...