Dette publique, croissance et bien-être: une perspective de long terme

Alexandru Minea and Patrick Villieu

Working Papers from HAL

Abstract: We develop a simple theoretical growth model to deal with long term public debt, in accordance to stylized facts. We study the effect of a permanent increase in public debt on economic growth, and show that these effects, always negative (or neutral), depend in their magnitude on the adjustment variable to the increase of the debt burden in the Government constraint. Finally, we show that, contrary to economic growth effects, the welfare effects of a permanent increase in the debt burden may be positive. We thus emphasize the existence of an optimal public debt to GDP ratio.

Keywords: public debt; public investment; economic growth; welfare; dette publique; investissement public; croissance économique; bien-être (search for similar items in EconPapers)
Date: 2011-10-28
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00829647
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Dette publique, croissance et bien-être: une perspective de long terme (2011)
Working Paper: Dette publique, croissance et bien-être: une perspective de long terme (2010)
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