Déficits persistants et croissance endogène
In this paper we look for long-run effects of public deficits on economic growth in an endogenous growth model with public investment, which may be financed by taxes, deficits and debt. We focus on the long-run and study the way persistent (long-term) deficits influence economic growth. We show that deficits are always growth-reducing, irrespective of the fiscal rule adopted by the Government. Classification JEL : H6, E5, E6
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