L'équivalence ricardienne dans les modèles de croissance avec accumulation de capital

Emmanuel Thibault

Revue d'économie politique, 2003, vol. 113, issue 2, 171-197

Abstract: In this paper we focus on the theoretical issue of the efficiency or neutrality of public debt in growth models with capital accumulation. We show, considering several OLG models, that this is the decision of the households in terms of bequests that matters for the validity of the Ricardian equivalence theorem rather than the length of their planninghorizonortheirlifeduration.Consequently,westudytheeconomicconditionsthat lead parents to leave a positive bequest to their children.

Keywords: public debt; growth models; altruism (search for similar items in EconPapers)
Date: 2003
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