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AK-Modell mit Staatsverschuldung und fester Defizitquote

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  • Bersch, Julia
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    Abstract

    Die Auswirkungen einer staatlichen Verschuldung auf das Wirtschaftswachstum werden im Rahmen eines erweiterten neoklassischen Wachstumsmodells mit AK-Technologie analysiert. Der Staat verfolgt das Ziel einer festen Defizitquote und einer langfristig konstanten Schuldenquote. In diesem Fall gibt es eine kritische Defizitquote, bei dessen Unterschreitung ein eindeutiger, stabiler Steady State existiert. Wird hingegen der kritische Wert überschritten, so existiert kein Wachstumsgleichgewicht. -- The effects of public debt on economic growth are analyzed in an augmented neoclassical growth model with AK-technology. The objective of the government is a fixed deficit ratio and in the long run a constant debt ratio. Then there is a critical deficit ratio and if the deficit ratio falls below it, a unique, stable steady state exists. If the critical value is exceeded, there is no steady state.

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    File URL: http://econstor.eu/bitstream/10419/22482/1/pberg48.pdf
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    Bibliographic Info

    Paper provided by Bamberg University, Bamberg Economic Research Group in its series BERG Working Paper Series with number 48.

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    Date of creation: 2004
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    Handle: RePEc:zbw:bamber:48

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    Postal: D-96045 Bamberg
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    Web page: http://www.uni-bamberg.de/vwl/forschung/berg/
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    Related research

    Keywords: AK-Modell; Wachstum; Staatsverschuldung; feste Defizitquote; AK-model; growth; public debt; fixed deficit ratio;

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    1. Heinz-Dieter Wenzel & Matthias Wrede, 1993. "Golden Rule Fiscal Policy," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 129(II), pages 123-150, June.
    2. Paul M Romer, 1999. "Increasing Returns and Long-Run Growth," Levine's Working Paper Archive 2232, David K. Levine.
    3. Sergio Rebelo, 1999. "Long Run Policy Analysis and Long Run Growth," Levine's Working Paper Archive 2114, David K. Levine.
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    Cited by:
    1. Berthold, Norbert & Koch, Daniel, 2007. "Von der (Un-)Möglichkeit ausgeglichener Haushalte," Wirtschaftswissenschaftliche Beiträge 97, Julius-Maximilians-Universität Würzburg, Lehrstuhl für Volkswirtschaftslehre, insbes. Wirtschaftsordnung und Sozialpolitik.

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