کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5086230 1375159 2011 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Do large industrialized economies pursue sustainable debt policies? A comparative study for Japan, Germany and the United States
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Do large industrialized economies pursue sustainable debt policies? A comparative study for Japan, Germany and the United States
چکیده انگلیسی
► We test whether public debt has been sustainable in Japan, Germany and the USA. ► We elaborate on the tests from a theoretical point of view. ► A semi-parametric estimation technique where we allow for a time varying reaction coefficient is applied. ► For the United States the high significance of the test results is encouraging despite the increasing debt ratio in the recent past. ► For Japan and Germany our analysis suggests that these two countries have performed sustainable debt policies since World War II, too, although the debt to GDP ratio has been rising.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Japan and the World Economy - Volume 23, Issue 3, August 2011, Pages 202-213
نویسندگان
, ,