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- W1575602033 abstract "In recent contributions, Weizs cker (2014) and Summers (2014) maintain that mature economies accumulate too much capital. They suggest large and lasting public deficits as a remedy. This paper argues that overaccumulation cannot occur in an economy with land. It presents novel data of aggregate land values, analyzes the issue in a stochastic framework, and conducts an empirical test of overaccumulation." @default.
- W1575602033 created "2016-06-24" @default.
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- W1575602033 date "2014-02-01" @default.
- W1575602033 modified "2023-09-27" @default.
- W1575602033 title "Overaccumulation, Public Debt, and the Importance of Land" @default.
- W1575602033 hasPublicationYear "2014" @default.
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