Some Issues Associated With Business Debt
AbstractIn this report we investigate the impact of the recent increase in indebtedness in the United States on tax receipts, economic stability, and economic efficiency. Evidence reported in this study shows that increased indebtedness in the corporate sector has a significant cost to the Treasury in terms of reduced tax receipts. This reduction in corporate tax receipts is not fully offset by an increase in personal taxes. It appears that corporate restructuring, together with the build-up of debt, is worrisome and bears careful monitoring, but it does not seem to lead to a financial crisis. The issue of economic stability, without access to more data, is not settled and it is difficult to make a clear case.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Wharton School - Weiss Center for International Financial Research in its series Weiss Center Working Papers with number 25-90.
Length: 43 pages
Date of creation: 1989
Date of revision:
Contact details of provider:
Postal: 3404 Steinberg Hall-Dietrich Hall, 3620 Locust Walk, Philadelphia, PA 19104-6367
Web page: http://finance.wharton.upenn.edu/weiss/
More information through EDIRC
fiscal policy ; debt;
Other versions of this item:
- L. R. Klein & N. B. Gultekin & M. N. Gultekin & Q. Mohiuddin, . "Some Issues Associated with Business Debt," Rodney L. White Center for Financial Research Working Papers 25-90, Wharton School Rodney L. White Center for Financial Research.
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).
If references are entirely missing, you can add them using this form.