Déficits persistants et croissance endogène

Alexandru Minea and Patrick Villieu

Revue économique, 2011, vol. 62, issue 6, 1001-1014

Abstract: 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

JEL-codes: E5 E6 H6 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (7)

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