EconPapers    
Economics at your fingertips  
 

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://halshs.archives-ouvertes.fr/halshs-00829647
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://halshs.archives-ouvertes.fr/halshs-00829647/document (application/pdf)

Related works:
Working Paper: Dette publique, croissance et bien-être: une perspective de long terme (2011) Downloads
Working Paper: Dette publique, croissance et bien-être: une perspective de long terme (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-00829647

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2019-07-23
Handle: RePEc:hal:wpaper:halshs-00829647