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- W2367287293 abstract "Oversized scale of government debt is a financial problem troubling various countries.Are there theoretical mechanisms of government borrowing constraint to guide the debt scale and resolve the debt risk? This study finds that government borrowing constraint contains at least three key factors: fiscal imbalance can be effectively measured;creditors' expectations need to be taken into account;government debt must be converged.Micro-expectation and stock of wealth are the basis for government debt borrowing,and debt convergence and relevant economic variable effect are the major causes of debt scale's change.It's concluded that the borrowing constraint mechanism based on present-value borrowing constraint model is a powerful measure for the sustainability of government debt scale." @default.
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- W2367287293 date "2011-01-01" @default.
- W2367287293 modified "2023-09-26" @default.
- W2367287293 title "Analysis on Mechanism of Government Borrowing Constraint ——A Research Based on Present-value Borrowing Constraint Model" @default.
- W2367287293 hasPublicationYear "2011" @default.
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