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Stochastic Pollution and Environmental Care in an Endogenous Growth Model
Soretz, Susanne - 2002
This paper analyzes the impact of pollution and abatement policy within a stochastic endogenous growth model. The agents have environmental preferences, but they neglect their individual contribution to aggregate abatement. Therefore, environmental care is done by the government and financed via...
Persistent link: https://www.econbiz.de/10010317622
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On Fiscal Illusion and Ricardian Equivalence in Local Public Finance
Banzhaf, H. Spencer - 2012
We re-evaluate two forms of fiscal illusion in local public finance: debt illusion and renter illusion. The Ricardian Equivalence Theorem for local governments suggests the form of finance of a public program (tax or debt finance) has no effects on substantive outcomes. For the local case, this...
Persistent link: https://www.econbiz.de/10013106324
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Russia: natural resource rent and competitiveness
Cordonnier, Christophe - 2004
Persistent link: https://www.econbiz.de/10003337956
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Nonlinear Public Debt and Resource Rent Nexus in Highly Indebted Resource-Rich Sub-Saharan Economies : Evidence from Nigeria
Achua, Joseph Kwaghkor; Yusuf, Mariam; Wakdok, Samuel … - 2022
This paper contributes empirical insights on nonlinear public debt and resource rent nexus in the Nigerian economy which in several ways typifies highly indebted resource-rich sub-Saharan nations in terms of rich natural resource endowments, excessive reliance on resource rent revenue that is...
Persistent link: https://www.econbiz.de/10014241018
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A financial revolution in the Habsburg Netherlands : Renten and Renteniers in the county of Holland, 1515 - 1565
Tracy, James D. - 1985
Persistent link: https://www.econbiz.de/10013491517
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The fundamentals of sovereign debt sustainability : evidence from 15 OECD countries
Schoder, Christian - 2013
We study the sustainability of sovereign debt accumulation in 15 OECD countries using quarterly data from 1980 to 2010 … with a focus on how and in what countries debt sustainability changed after the commencement of the Euro Convergence … Criteria in 1997 as well as after the financial meltdown in 2007. We define sustainability as the validity of the inter …
Persistent link: https://www.econbiz.de/10009746993
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Sovereign debt and economic growth revisited : the role of (non-)sustainable debt thresholds
Antonakakis, Nikolaos - 2014
Persistent link: https://www.econbiz.de/10010478057
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Collateral, liquidity and debt sustainability : conference paper
Niemann, Stefan; Pichler, Paul - 2014
We study the sustainability of public debt in a closed production economy where a benevolent government chooses fiscal …
Persistent link: https://www.econbiz.de/10010491142
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To consolidate or not to consolidate? : a multi-step analysis to assess needed fiscal sustainability
Afonso, António; Alves, José; Jalles, João Tovar - 2022
specifically on their degree of success, notably in terms of fiscal sustainability. The "need" to consolidate is based on having a … primary balance above or below the debt-stabilizing primary balance (provided by the IMF's Debt Sustainability Analysis) for … each country. We then link the need for and the actual (historical) existence of fiscal adjustments to their sustainability …
Persistent link: https://www.econbiz.de/10012938962
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U.S. budget deficit sustainability revisited : long run, persistence, and common trend
Vides, José Carlos; Golpe, Antonio A.; Iglesias, Jesús - In: FinanzArchiv : European journal of public finance 76 (2020) 4, pp. 370-395
Persistent link: https://www.econbiz.de/10012602333