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Has local government debt crowded out enterprise innovation? [PDF]
PLoS ONE, 2022 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
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Managing government debt. [PDF]
Proc Natl Acad Sci U S ATo 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.
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Finance and Economics Discussion Series, 1998 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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Structural breaks and fiscal sustainability of the Indonesian government budget
Economic Journal of Emerging Markets, 2015 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
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Frontiers in Environmental Science, 2022 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
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Economies, 2023 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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The Impact of Government Debt to Central Bank on Economic Growth in Iran: Smooth Transition Regression (STR) Approach [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2020 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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Manufacturing Risk-free Government Debt [PDF]
SSRN Electronic Journal, 2020 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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Public Debt as Private Wealth [PDF]
, 2008 Government bonds are interest-bearing assets. Increasing public debt increases income, wealth, and consumption demand. The smaller government expenditure is, the larger consumption demand must be in equilibrium, and the larger must be public debt ...
Schlicht, Ekkehart
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SAGE Open, 2023 In the process of issuing and using local government debt, local officials may be corrupted by self-interest into inappropriately increasing the bond supply, leading to excessive expansion of local government debt and an increase in debt risk.
Yang Li, Hu WenXiu, Su ZhenXing
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