The role of public debt on economic growth with 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 inve...
Đã lưu trong:
| Tác giả chính: | |
|---|---|
| Định dạng: | Journal article |
| Ngôn ngữ: | English |
| Được phát hành: |
Wiley
2022
|
| Những chủ đề: | |
| Truy cập trực tuyến: | http://scholar.dlu.edu.vn/handle/123456789/861 |
| Các nhãn: |
Thêm thẻ
Không có thẻ, Là người đầu tiên thẻ bản ghi này!
|
| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
|---|
| id |
oai:scholar.dlu.edu.vn:123456789-861 |
|---|---|
| record_format |
dspace |
| spelling |
oai:scholar.dlu.edu.vn:123456789-8612022-08-27T15:01:22Z The role of public debt on economic growth with capital loss Trần, Nhật Thiện 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. 60 2 308-327 2022-08-27T13:30:14Z 2022-08-27T13:30:14Z 2021-06 Journal article Bài báo đăng trên tạp chí thuộc ISI, bao gồm book chapter http://scholar.dlu.edu.vn/handle/123456789/861 10.1111/1467-8454.12206 en Australian Economic Papers Wiley US |
| institution |
Thư viện Trường Đại học Đà Lạt |
| collection |
Thư viện số |
| language |
English |
| topic |
public debt economic growth capital loss |
| spellingShingle |
public debt economic growth capital loss Trần, Nhật Thiện The role of public debt on economic growth with capital loss |
| description |
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. |
| format |
Journal article |
| author |
Trần, Nhật Thiện |
| author_facet |
Trần, Nhật Thiện |
| author_sort |
Trần, Nhật Thiện |
| title |
The role of public debt on economic growth with capital loss |
| title_short |
The role of public debt on economic growth with capital loss |
| title_full |
The role of public debt on economic growth with capital loss |
| title_fullStr |
The role of public debt on economic growth with capital loss |
| title_full_unstemmed |
The role of public debt on economic growth with capital loss |
| title_sort |
role of public debt on economic growth with capital loss |
| publisher |
Wiley |
| publishDate |
2022 |
| url |
http://scholar.dlu.edu.vn/handle/123456789/861 |
| _version_ |
1768305873857282048 |