Deficits, Debt, and Post-War Lebanon: Analysis and Policy Proposals

Ali A. Bolbol
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Ali A. Bolbol: Department of Economics, Ryerson Polytechnic University,, Postal: 350 Victoria Str. Toronto,, Ont. M5B 2K3, Canada, http://www.ryerson.ca/

Economia Internazionale / International Economics, 1999, vol. 52, issue 4, 427-442

Abstract: The paper provides an analysis of Lebanese deficits and debts over the post-war period. li develops relations for the rate of growth of net debt-to-GDP and net debt interest payments-to-GDP ratios, and studies their determinants. Also, it proposes policy changes in four areas of the economy: fiscal policy, industrial policy, monetary policy, and commercial policy. The conclusions are that budget deficits are a symptom of a weak economy; and that economic policy should be conducted on a coherent and long-term basis, not be ad-hoc and short term.

JEL-codes: H60 O53 (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0261

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