Matches in SemOpenAlex for { <https://semopenalex.org/work/W2891673666> ?p ?o ?g. }
Showing items 1 to 91 of
91
with 100 items per page.
- W2891673666 endingPage "3121" @default.
- W2891673666 startingPage "3104" @default.
- W2891673666 abstract "This paper aims to quantify the crowding-out effect of public debt and the related loss in long-run output in neoclassical growth models. To accomplish this task, we incorporate the government sector into the Ramsey–Cass–Koopmans (RCK) model, the Blanchard model and the Solow model, which differ only in their assumptions concerning the consumption behaviour of households. We also introduce a general framework that is capable of gauging the burden of public debt in a neoclassical world in the case of any type of consumption behaviour. Our results are threefold. First, contrary to the RCK model, public debt reduces long-run output in the Blanchard model and the Solow model, although to a different extent: the crowding-out effect is marginal in the former, whereas it can be very large in the latter. Second, the burden of public debt is country-specific depending crucially on the saving rate and the population growth rate. Finally, in developed countries the upper limit of the output loss related to public debt is moderate at best even if distortionary taxes are taken into account." @default.
- W2891673666 created "2018-09-27" @default.
- W2891673666 creator A5082749172 @default.
- W2891673666 creator A5085792602 @default.
- W2891673666 date "2018-09-03" @default.
- W2891673666 modified "2023-10-18" @default.
- W2891673666 title "Public debt and economic growth: what do neoclassical growth models teach us?" @default.
- W2891673666 cites W1585683874 @default.
- W2891673666 cites W1963883253 @default.
- W2891673666 cites W1965776348 @default.
- W2891673666 cites W2021502164 @default.
- W2891673666 cites W2047560619 @default.
- W2891673666 cites W2057981664 @default.
- W2891673666 cites W2063134194 @default.
- W2891673666 cites W2064061280 @default.
- W2891673666 cites W2070631858 @default.
- W2891673666 cites W2072682145 @default.
- W2891673666 cites W2141137241 @default.
- W2891673666 cites W2161041152 @default.
- W2891673666 cites W2166974667 @default.
- W2891673666 cites W2560497375 @default.
- W2891673666 cites W26665565 @default.
- W2891673666 cites W3121482402 @default.
- W2891673666 cites W3121865082 @default.
- W2891673666 cites W3121881426 @default.
- W2891673666 cites W3123336187 @default.
- W2891673666 cites W3123405273 @default.
- W2891673666 cites W3123488511 @default.
- W2891673666 cites W3124174080 @default.
- W2891673666 cites W3124658309 @default.
- W2891673666 cites W3125935207 @default.
- W2891673666 cites W3126066391 @default.
- W2891673666 cites W4232243078 @default.
- W2891673666 cites W4239470930 @default.
- W2891673666 doi "https://doi.org/10.1080/00036846.2018.1508869" @default.
- W2891673666 hasPublicationYear "2018" @default.
- W2891673666 type Work @default.
- W2891673666 sameAs 2891673666 @default.
- W2891673666 citedByCount "16" @default.
- W2891673666 countsByYear W28916736662020 @default.
- W2891673666 countsByYear W28916736662021 @default.
- W2891673666 countsByYear W28916736662022 @default.
- W2891673666 countsByYear W28916736662023 @default.
- W2891673666 crossrefType "journal-article" @default.
- W2891673666 hasAuthorship W2891673666A5082749172 @default.
- W2891673666 hasAuthorship W2891673666A5085792602 @default.
- W2891673666 hasBestOaLocation W28916736661 @default.
- W2891673666 hasConcept C120527767 @default.
- W2891673666 hasConcept C139719470 @default.
- W2891673666 hasConcept C144024400 @default.
- W2891673666 hasConcept C162324750 @default.
- W2891673666 hasConcept C178283979 @default.
- W2891673666 hasConcept C2778489760 @default.
- W2891673666 hasConcept C2983335520 @default.
- W2891673666 hasConcept C30772137 @default.
- W2891673666 hasConcept C36289849 @default.
- W2891673666 hasConcept C556758197 @default.
- W2891673666 hasConcept C8031360 @default.
- W2891673666 hasConceptScore W2891673666C120527767 @default.
- W2891673666 hasConceptScore W2891673666C139719470 @default.
- W2891673666 hasConceptScore W2891673666C144024400 @default.
- W2891673666 hasConceptScore W2891673666C162324750 @default.
- W2891673666 hasConceptScore W2891673666C178283979 @default.
- W2891673666 hasConceptScore W2891673666C2778489760 @default.
- W2891673666 hasConceptScore W2891673666C2983335520 @default.
- W2891673666 hasConceptScore W2891673666C30772137 @default.
- W2891673666 hasConceptScore W2891673666C36289849 @default.
- W2891673666 hasConceptScore W2891673666C556758197 @default.
- W2891673666 hasConceptScore W2891673666C8031360 @default.
- W2891673666 hasIssue "29" @default.
- W2891673666 hasLocation W28916736661 @default.
- W2891673666 hasLocation W28916736662 @default.
- W2891673666 hasOpenAccess W2891673666 @default.
- W2891673666 hasPrimaryLocation W28916736661 @default.
- W2891673666 hasRelatedWork W1976388880 @default.
- W2891673666 hasRelatedWork W2006608453 @default.
- W2891673666 hasRelatedWork W2062906112 @default.
- W2891673666 hasRelatedWork W2162288739 @default.
- W2891673666 hasRelatedWork W2891673666 @default.
- W2891673666 hasRelatedWork W3121632130 @default.
- W2891673666 hasRelatedWork W3123015469 @default.
- W2891673666 hasRelatedWork W3123320194 @default.
- W2891673666 hasRelatedWork W4221018277 @default.
- W2891673666 hasRelatedWork W623802660 @default.
- W2891673666 hasVolume "51" @default.
- W2891673666 isParatext "false" @default.
- W2891673666 isRetracted "false" @default.
- W2891673666 magId "2891673666" @default.
- W2891673666 workType "article" @default.