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Government DEBT, Immigration, and Durable Public Goods

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  • Michael A. Leeds

    (Temple University)

Abstract

Government debt is shown to be a pareto-improving policy for the native population in the presence of durable public goods and immigration. Debt is therefore neither equivalent to current taxation nor neutral in its macro-economic impact. Debt may also promote a more efficientflow of immigration by reducing the ability to free-ride on the capital provided by natives.

Suggested Citation

  • Michael A. Leeds, 1989. "Government DEBT, Immigration, and Durable Public Goods," Public Finance Review, , vol. 17(2), pages 227-235, April.
    • Handle: RePEc:sae:pubfin:v:17:y:1989:i:2:p:227-235
    DOI: 10.1177/109114218901700206
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    References listed on IDEAS

    as
    1. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    2. Buchanan, James M, 1976. "Barro on the Ricardian Equivalence Theorem," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 337-342, April.
    3. Usher, Dan, 1977. "Public Property and the Effects of Migration upon Other Residents of the Migrants' Countries of Origin and Destination," Journal of Political Economy, University of Chicago Press, vol. 85(5), pages 1001-1020, October.
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