La dette publique comme moteur de développement financier

Gilles Saint-Paul

Revue Économique, 1994, vol. 45, issue 3, 767-774

Abstract: [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.

Date: 1994
Note: DOI:10.3406/reco.1994.409566
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