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La dette publique comme moteur de développement financier

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  • Gilles Saint-Paul

Abstract

[fre] La dette publique comme moteur du développement financier. . Cet article développe l'argument que la dette publique peut être favorable à rétablissement d'une infrastructure financière. L'argument est illustré à l'aide d'un modèle théorique et de l'expérience historique de la Grande-Bretagne à la fin du XVIIe siècle. [eng] Public debt as a financial development device. . This article develops the idea that public debt can be favorable for growth because it triggers the development of a financial infrastructure. This idea is illustrated by a model and an analysis of Great Britain's experience at the end of the seventeenth century.

Suggested Citation

  • Gilles Saint-Paul, 1994. "La dette publique comme moteur de développement financier," Revue Économique, Programme National Persée, vol. 45(3), pages 767-774.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1994_num_45_3_409566
    DOI: 10.3406/reco.1994.409566
    Note: DOI:10.3406/reco.1994.409566
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    1. Valerie R. Bencivenga & Bruce D. Smith, 1991. "Financial Intermediation and Endogenous Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 195-209.
    2. Zilibotti, Fabrizio, 1994. "Endogenous Growth and Intermediation in an 'Archipelago' Economy," Economic Journal, Royal Economic Society, vol. 104(423), pages 462-473, March.
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