Does it pay to have a balanced government budget?

Greiner A (2008)
JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT 164(3): 460-476.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Abstract / Bemerkung
This paper presents an endogenous growth model with public capital and public debt. The primary-surplus-to-GDP ratio is set such that it is a positive function of the debt ratio, which is a necessary condition for the intertemporal budget constraint of the government. The paper studies growth and welfare effects of the model, assuming a balanced government budget, and compares the outcome with the scenario where public debt grows in the long run, but at a smaller rate than capital and consumption, and with the scenario where public debt grows at the same rate as capital and consumption.
Erscheinungsjahr
2008
Zeitschriftentitel
JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT
Band
164
Ausgabe
3
Seite(n)
460-476
ISSN
0932-4569
Page URI
https://pub.uni-bielefeld.de/record/1586137

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Greiner A. Does it pay to have a balanced government budget? JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT. 2008;164(3):460-476.
Greiner, A. (2008). Does it pay to have a balanced government budget? JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT, 164(3), 460-476. doi:10.1628/093245608785363399
Greiner, A. (2008). Does it pay to have a balanced government budget? JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT 164, 460-476.
Greiner, A., 2008. Does it pay to have a balanced government budget? JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT, 164(3), p 460-476.
A. Greiner, “Does it pay to have a balanced government budget?”, JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT, vol. 164, 2008, pp. 460-476.
Greiner, A.: Does it pay to have a balanced government budget? JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT. 164, 460-476 (2008).
Greiner, Alfred. “Does it pay to have a balanced government budget?”. JOURNAL OF INSTITUTIONAL AND THEORETICAL ECONOMICS-ZEITSCHRIFT FUR DIE GESAMTE STAATSWISSENSCHAFT 164.3 (2008): 460-476.