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The European public debt problem was in the making long before the 2007-2009 recession, as budget deficits had become endemic. A similar crisis is now developing in America, where the same fundamental causes have been at work. The Public Debt Problem analyzes the situation of public debts in...
Persistent link: https://www.econbiz.de/10012106387
Introduction -- Sustainable Public Debt: Theory and Empirical Evidence -- Debt and Growth: A Basic Endogenous Growth Model -- Productive Government Spending, Public Debt and Growth -- Government Debt and Human Capital Formation -- Debt and Growth: Empirical Evidence -- Conclusion.
Persistent link: https://www.econbiz.de/10014021349
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...
Persistent link: https://www.econbiz.de/10013521220
This book explores the role of national fiscal policies in a selected group of Euro-area countries under the European Economic and Monetary Union (EMU). In particular, the authors characterize the response of output to fiscal consolidations and expansions in the small Euro-area open economies...
Persistent link: https://www.econbiz.de/10012397755
This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation and implement structural reforms for reorganizing...
Persistent link: https://www.econbiz.de/10012401959
The Greek economic crisis has imperilled the stability of the eurozone, generating much global anxiety. Policymakers, analysts, and the media have daily debated the course of the Greek economy, prescribing ways to move forward. This collection of essays progressively moves from an analysis of...
Persistent link: https://www.econbiz.de/10014016645
This book proposes a method for calculating China’s debt based on a quantitative econometric analysis. This is … conducted by measuring the relationship between China’s debt size and economic growth. The conclusion that is reached is as … follows: China’s current debt has already exceeded the inflection point, and that means that it is now having an adverse …
Persistent link: https://www.econbiz.de/10012396798
This book collects high-quality papers on issues related to the rebalancing strategy in China, new clean cities as … Guangdong. Guangdong has been at the forefront of economic reforms in China since the advent of the Responsibility System in the … late 1970s, and its successes and challenges reflect those of China as a whole. The need for rebalancing towards a more …
Persistent link: https://www.econbiz.de/10012398051
characteristics and trajectory of China’s economic expansion and structural adjustment, as well as objective assessments of short and … characteristics of economic development in market-oriented reform. It puts forward a preliminary analysis of China’s national and … major issues that are currently troubling China - development sustainability, government transformation, local government …
Persistent link: https://www.econbiz.de/10012397246
This two-volume book addresses the economic transformation occurring in China at present. The author investigates China … for the people of China. In the first volume, the author distinguishes between economic growth and sustainable economic … development, and discusses China's current and past economic policies towards growth. Chapters also explore the structural …
Persistent link: https://www.econbiz.de/10012397428