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La dette publique comme moteur de développement financier

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  • Gilles Saint-Paul

Abstract

[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. [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.

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Bibliographic Info

Article provided by Programme National Persée in its journal Revue économique.

Volume (Year): 45 (1994)
Issue (Month): 3 ()
Pages: 767-774

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Handle: RePEc:prs:reveco:reco_0035-2764_1994_num_45_3_409566

Note: DOI:10.2307/3502361
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Web page: http://www.persee.fr/web/revues/home/prescript/revue/reco

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Cited by:
  1. Raffinot, Marc, 1998. "Soutenabilité de la dette extérieure. De la théorie aux modèles d'évaluation pour les pays à faible revenu," Economics Papers from University Paris Dauphine 123456789/5148, Paris Dauphine University.

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