Short- and Long-term Effects of Economic Growth on Public Debt Dynamics

Material type: 文書・図像類

Author: Kondo, Atsumasa

Publisher: Center for Risk Research (CRR), Shiga University

Publication date: 2012-04

Material Format: Digital

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Note (General)：: type:Technical ReportThis paper theoretically examines how public debt dynamics are influenced by slight changes in the economic growth rate. If the i...

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Material Type: 文書・図像類
Title: Short- and Long-term Effects of Economic Growth on Public Debt Dynamics
Author/Editor: Kondo, Atsumasa
Author Heading: Kondo, Atsumasa
Publication, Distribution, etc.: Center for Risk Research (CRR), Shiga University
Publication Date: 2012-04
Publication Date (W3CDTF): 2012-04
Periodical title: CRR Discussion Paper, Series B
No. or year of volume/issue: No. B-6
Volume: No. B-6
Pages: 1-14
Text Language Code: eng
Subject Heading: public debt dynamics
economic growth
dynamic general equilibrium
Target Audience: 一般
Note (General): type:Technical Report
This paper theoretically examines how public debt dynamics are influenced by slight changes in the economic growth rate. If the initial public debtlevel to budget surplus ratio is sufficiently low, then an improvement in the economic growth rate will reduce the public debt level in every time period. If the ratio exceeds a critical level, economic growth has opposite effects onpublic debt dynamics in the short-run and in the long-run; while economic growth decreases public debt level from a long-term perspective, it increases the debt level in the short-run.
identifier:CRR Discussion Paper, Series B, No. B-6, pp. 1-14
Access Restrictions: 限定公開
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 滋賀大学 : 滋賀大学学術情報リポジトリ