Death and taxes: their implications for endogenous growth

被引：21

作者：

Reinhart, VR ^{[1
]}

机构：

[1] Fed Reserve Syst, Board Governors, Div Monetary Affairs, Washington, DC 20551 USA

来源：

ECONOMICS LETTERS | 1999年 / 62卷 / 03期

关键词：

endogenous growth; debt;

D O I：

10.1016/S0165-1765(98)00250-X

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Blanchard's explanation of consumption dynamics, when combined with a technology that does not exhibit diminishing returns, delivers a model consistent with many of the regularities in cross-country growth regressions. Longer life expectancies generate faster economic growth by affecting households' willingness to smooth intertemporally. Greater government expenditure or taxation lowers growth, but the effect of higher government debt is ambiguous. (C) 1999 Elsevier Science S.A. All rights reserved.

引用

页码：339 / 345

页数：7