Minea, Alexandru; Villieu, Patrick - In: Revue économique 62 (2011) 6, pp. 1001-1014
In this paper we look for long-run effects of public deficits on economic growth in an endogenous growth model with public investment, which may be financed by taxes, deficits and debt. We focus on the long-run and study the way persistent (long-term) deficits influence economic growth. We show...