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Has local government debt crowded out enterprise innovation? [PDF]
This paper tests the impact of local government debt on enterprise innovation based on 2011–2017 A-share non-financial enterprise data from Shanghai and Shenzhen Stock Exchanges.
Xiaoxu Zhang, Rongxue Jin
doaj +3 more sources
Managing government debt. [PDF]
To construct a stochastic version of [R. J. Barro, J. Polit. Econ. 87 , 940–971 (1979)] normative model of tax rates and debt/GDP dynamics, we add risks and markets for trading them along lines suggested by [K. J. Arrow, Rev. Econ. Stud. 31 , 91–96 (1964)] and [R.
Jiang W, Sargent TJ, Wang N, Yang J.
europepmc +4 more sources
Recently, Treasury Secretary Larry Summers implied that the government would be de creasing the supply of government bonds in order to pay down outstanding debt.
Sandford \u2702, Jeremy
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Structural breaks and fiscal sustainability of the Indonesian government budget
The purpose of this study is to identify government policy regimes or structural breaks as indicated by significant changes in debt to GDP ratio and to identify fiscal sustainability in Indonesia from 2000 to 2013.
Ivantia S. Mokoginta +1 more
doaj +13 more sources
This paper surveys the literature on the macroeconomic effects of government debt. It begins by discussing the data on debt and deficits, including the historical time series, measurement issues, and projections of future fiscal policy. The paper then presents the conventional theory of government debt, which emphasizes aggregate demand in the short ...
Elmendorf, Douglas W., Mankiw, N
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As a way for the government to integrate funds and make up for fiscal deficits, bond issuance plays an important role in environmental governance and thus impacts environmental quality.
Feifei Li, Jieyu Huang, Mingyue Du
doaj +1 more source
The Impact of Government Debt to Central Bank on Economic Growth in Iran: Smooth Transition Regression (STR) Approach [PDF]
Financial crises, along with the negative and destructive effects of the debt stocks on the economy of countries with the national debt, have caused the "economic effects of the public debt stocks problem," and has become a controversial issue in the ...
Jalal Montazeri Shoorekchali
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Purpose: This paper empirically investigated the impact of high government debt on economic growth, using a panel data of 12 developing countries in Africa for the period between 1991 and 2020. Furthermore, it sought to find the existence of nonlinearity
Nokwanda Mqolombeni +2 more
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Manufacturing Risk-free Government Debt [PDF]
Governments face a trade-off between insuring bondholders and insuring taxpayers against output shocks. If they insure bondholders by manufacturing risk-free zero-beta debt, then they can only provide limited insurance to taxpayers. Taxpayers will pay more taxes in bad times regardless of whether output shocks are permanent or temporary.
Zhengyang Jiang +3 more
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The Role of Budget Deficit and Government Debt in Financing-Economic Growth of Selected Developing Countries [PDF]
Investigation of budget deficit and government debt relationship with economic growth is one of the important topics in macroeconomic literature; Hence, the present study examined the role of budget deficit and government debt on financing the economic ...
Seyed Valiallah Mirhoseyni +2 more
doaj +1 more source

