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Límites de Deuda y Crecimiento Endógeno

Author

Listed:
  • Beatriz de Blas

    (Universidad Autónoma de Madrid)

Abstract

Este artículo estudia las consecuencias sobre el crecimiento y el bienestar de diversas políticas fiscales con y sin límites a la deuda pública. En la economía modelo, el gasto público puede tener dos papeles diferentes, bien como un factor en la función de producción, o bien suministrando servicios directamente en la función de utilidad. Cuando hay límites a la deuda, mayores impuestos sobre la renta laboral tienen un efecto positivo sobre el crecimiento si el gasto público es productivo. Lo contrario ocurre cuando es el capital privado el motor del crecimiento. Respecto al bienestar, reducir la deuda recurriendo a mayores impuestos conlleva un menor coste en bienestar que si se hace reduciendo el gasto público cuando éste es productivo.

Suggested Citation

  • Beatriz de Blas, 2007. "Límites de Deuda y Crecimiento Endógeno," Cuadernos de Economía - Spanish Journal of Economics and Finance, Asociación Cuadernos de Economía, vol. 30(83), pages 057-084, Mayo-Agos.
    • Handle: RePEc:cud:journl:v:30:y:2007:i:83:p:057-084
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    More about this item

    Keywords

    crecimiento endógeno; límites de deuda; política fiscal; dinámica transicional.;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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