Nghiên cứu tác động của nợ công đến tăng trưởng kinh tế Việt Nam
This paper studies some models in which the “engine of growth” is public debt and capital accumulation. Public debt is assumed to be driven by domestic debt and external debt. The study shows that debt will support economic growth if the initial level of productivity is greater than the cost of inve...
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| Định dạng: | Journal article |
| Ngôn ngữ: | English |
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Wiley
2022
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| Truy cập trực tuyến: | http://scholar.dlu.edu.vn/handle/123456789/1408 |
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| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
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oai:scholar.dlu.edu.vn:123456789-1408 |
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Thư viện Trường Đại học Đà Lạt |
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English |
| topic |
public debt economic growth capital loss |
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public debt economic growth capital loss Tran, Nhat Thien Nghiên cứu tác động của nợ công đến tăng trưởng kinh tế Việt Nam |
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This paper studies some models in which the “engine of growth” is public debt and capital accumulation. Public debt is assumed to be driven by domestic debt and external debt. The study shows that debt will support economic growth if the initial level of productivity is greater than the cost of investment. In an economy with and without the loss of capital, the article shows the existence of a unique optimal share of investment in physical and human capital and/or new technology. Moreover, if the productivity of the first period is lower than that of a defined threshold value then there exists an optimal level of debt. In addition, if the productivity of the first period is greater than or equal to a defined threshold value, the bigger the debt, the better economies become. Furthermore, this study shows that in an economy with capital loss there is a hidden overhead equivalent to an artificially-augmented interest rate. |
| author2 |
Nguyễn Thanh Hồng Ân |
| author_facet |
Nguyễn Thanh Hồng Ân Tran, Nhat Thien |
| format |
Journal article |
| author |
Tran, Nhat Thien |
| author_sort |
Tran, Nhat Thien |
| title |
Nghiên cứu tác động của nợ công đến tăng trưởng kinh tế Việt Nam |
| title_short |
Nghiên cứu tác động của nợ công đến tăng trưởng kinh tế Việt Nam |
| title_full |
Nghiên cứu tác động của nợ công đến tăng trưởng kinh tế Việt Nam |
| title_fullStr |
Nghiên cứu tác động của nợ công đến tăng trưởng kinh tế Việt Nam |
| title_full_unstemmed |
Nghiên cứu tác động của nợ công đến tăng trưởng kinh tế Việt Nam |
| title_sort |
nghiên cứu tác động của nợ công đến tăng trưởng kinh tế việt nam |
| publisher |
Wiley |
| publishDate |
2022 |
| url |
http://scholar.dlu.edu.vn/handle/123456789/1408 |
| _version_ |
1768306035968180224 |
| spelling |
oai:scholar.dlu.edu.vn:123456789-14082022-10-12T15:18:57Z Nghiên cứu tác động của nợ công đến tăng trưởng kinh tế Việt Nam Tran, Nhat Thien Nguyễn Thanh Hồng Ân Hoàng Mai Phương public debt economic growth capital loss This paper studies some models in which the “engine of growth” is public debt and capital accumulation. Public debt is assumed to be driven by domestic debt and external debt. The study shows that debt will support economic growth if the initial level of productivity is greater than the cost of investment. In an economy with and without the loss of capital, the article shows the existence of a unique optimal share of investment in physical and human capital and/or new technology. Moreover, if the productivity of the first period is lower than that of a defined threshold value then there exists an optimal level of debt. In addition, if the productivity of the first period is greater than or equal to a defined threshold value, the bigger the debt, the better economies become. Furthermore, this study shows that in an economy with capital loss there is a hidden overhead equivalent to an artificially-augmented interest rate. 2022-10-12T15:18:57Z 2022-10-12T15:18:57Z 2022-03-30 2020-01-01 2022-03-30 Journal article Đề tài cấp Trường trọng điểm Khoa học xã hội http://scholar.dlu.edu.vn/handle/123456789/1408 en Afonso, A., & Jalles, J. T. (2013). Growth and productivity: The role of government debt. International Review of Economics & Finance, 25, 384 - 407. Barro, R. J. (1990). Government spending in a simple model of endogenous growth. Journal of Political Economy, 98 (5, part 2) S103-S125. Barro, R. J. (1997): Determinants of economic growth: a cross-country empirical study. Cambridge, MA: MIT Press Books. Barro, R. J., and Sala-i-Martin, X. (2004). Economic growth, 2nd Edition. Cambridge, MA: MIT Press Books. Baum, A., Checherita-Westphal, C., & Rother, P. (2013). Debt and growth: New evidence for the Euro Area. Journal of International Money & Finance, 32, 809-821. Checherita-Westphal, C., & Rother, P. (2012). The impact of high government debt on economic growth and its channels: An empirical investigation for the euro area. European Economic Review, 56(7), 1392-1405. Cochrane, J. H. (2011a). Inflation and debt. National Affairs, 9(2), 56-78. Cochrane, J. H. (2011b). Understanding policy in the great recession: Some unpleasant fiscal arithmetic. European Economic Review, 55(1), 2-30. De la Croix, D., & Delavallade, C. (2009). Growth, public investment and corruption with failing institutions. Economics of Governance, 10(3), 187. Diamond, P. A. (1965). National debt in a neoclassical growth model. American Economic Review, 55(5), 1126-1150. Elmendorf, D. W., & Mankiw, N. G. (1999). Government debt. In Handbook of Macroeconomics 1, ed. by J. B. Taylor, and M. Woodford, 1615-1669. Galor, O., & Moav, O. (2004): From physical to human capital accumulation: Inequality and the process of development. The Review of Economic Studies, 71(4), 1001-1026. Greiner, A. (2011). Economic growth, public debt and welfare: Comparing three budgetary rules. German Economic Review, 12(2), 205-222. Greiner, A. (2012). Debt and growth: Is there a non-monotonic relation? Working Papers in Economics and Management, 04-2012. Bielefeld, Germany: Bielefeld University. Kumar, M. S., & Woo, J. (2010). Public debt and growth, IMF Working Paper, 10-174. Le Van, C., & Maurel, M. (2007). Education, corruption and growth in developing countries. Maison des Sciences Economiques, ISSN 1624-0340. Le Van, C., Nguyen, T. A., Nguyen, M. H., & Luong, T. B. (2010). New technology, human capital, and growth in a developing country. Mathematical Population Studies, 17(4), 215-241. Lin, S., & Zhang, W. (2009). The effect of corruption on capital accumulation. Journal of Economics, 97(1), 67-93. Lucas Jr, R. E. (1988): On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42. Lucas Jr, R. E. (2015): Human capital and growth. American Economic Review, 105(5), 85-88. Pattillo, C., Poirson, P. & Ricci, L. (2002) External debt and growth. IMF Working Paper, 02/69.Romer, P. M. (1987). Growth based on increasing returns due to specialization. American Economic Review, 77(2), 56-62. Romer, P. M. (1990). Endogenous technological Changes. Journal of Political Economy, 98(5, Part 2), S71-S102. 189/QĐ-ĐHĐL ngày 25/3/2022 30/3/2022 90,000,000 VNĐ (Kinh phí Trường) Wiley Australian Economic Papers |