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- W2136666585 abstract "Abstract In recent contributions, von Weizsäcker (2014) and Summers (2014) maintain that mature economies accumulate too much capital. They suggest large and lasting public deficits as a remedy. This study argues that overaccumulation cannot occur in an economy with land. It presents novel data of aggregate land values, analyzes the issue within a stochastic framework and conducts an empirical test of overaccumulation." @default.
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- W2136666585 date "2014-12-01" @default.
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- W2136666585 title "Overaccumulation, Public Debt and the Importance of Land" @default.
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- W2136666585 doi "https://doi.org/10.1111/geer.12053" @default.
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