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dynamics of factor incomes shares, capital deepening and the capital-output ratio. Based on careful data accounting, we also …
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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 …
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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...
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