Smyth, David J.; Hsing, Yu - In: Contemporary Economic Policy 13 (1995) 4, pp. 51-59
This paper extends the work of Barro (1979), Eisner (1992), foines (1991), Sawhney and DiPietro (1994), and others and examines whether an optimal debt ratio exists that will maximize economic growth. The growth rate of real GDP is specified as a function of the debt ratio, the debt ratio...
