La dette publique comme moteur de développement financier
[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. [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.
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Volume (Year): 45 (1994)
Issue (Month): 3 ()
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- Zilibotti, Fabrizio, 1994.
"Endogenous Growth and Intermediation in an 'Archipelago' Economy,"
Royal Economic Society, vol. 104(423), pages 462-473, March.
- F Zilibotti, 1993. "Endogenous Growth and Intermediation in an Archipelago Economy," CEP Discussion Papers dp0167, Centre for Economic Performance, LSE.
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