Detail Growth via External Public Debt and Capital Controls   Oleh:  Dellas, Harris ; Galor, Oded Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 33 no. 2 (1992), page 269-282. Topik: PUBLIC DEBT; growth; external public debt; capital controls Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper analyzes strategies for economic growth in a small, open, overlapping - generations economy which has access to perfect international capital markets and is characterized in autarky by multiple, locally stable, stationary equilibria. The study designs a growth scheme consisting of external public debt and controls on private capital outflows. This policy permits the economy to move from a low to a high output stationary equilibrium. The policy may be Pareto welfare improving if it is gradualistic and if the economy's rate of convergence to the better equilibrium is faster than the rate of debt accumulation. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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