Government DEBT, Immigration, and Durable Public Goods

Michael Leeds

Public Finance Review, 1989, vol. 17, issue 2, 227-235

Abstract: Government debt is shown to be a pareto-improving policy for the native population in the presence of durable public goods and immigration. Debt is therefore neither equivalent to current taxation nor neutral in its macro-economic impact. Debt may also promote a more efficientflow of immigration by reducing the ability to free-ride on the capital provided by natives.

Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:17:y:1989:i:2:p:227-235

DOI: 10.1177/109114218901700206

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