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Deficits, Debt, and Post-War Lebanon: Analysis and Policy Proposals

Author

Listed:
  • Bolbol, Ali A.

    (Department of Economics, Ryerson Polytechnic University,)

Abstract

The paper provides an analysis of Lebanese deficits and debts over the post-war period. li develops relations for the rate of growth of net debt-to-GDP and net debt interest payments-to-GDP ratios, and studies their determinants. Also, it proposes policy changes in four areas of the economy: fiscal policy, industrial policy, monetary policy, and commercial policy. The conclusions are that budget deficits are a symptom of a weak economy; and that economic policy should be conducted on a coherent and long-term basis, not be ad-hoc and short term.

Suggested Citation

  • Bolbol, Ali A., 1999. "Deficits, Debt, and Post-War Lebanon: Analysis and Policy Proposals," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 52(4), pages 427-442.
    • Handle: RePEc:ris:ecoint:0261
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    Cited by:

    1. Harvie, Charles & Saleh, Ali Salman, 2008. "Lebanon's economic reconstruction after the war: A bridge too far?," Journal of Policy Modeling, Elsevier, vol. 30(5), pages 857-872.

    More about this item

    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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