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Effect of Public Debt on State and Local Economy

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ISBN-10: 3838357841

ISBN-13: 9783838357843

Edition: N/A

Authors: Qiushi Wang

List price: $83.00
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Description:

This book develops a theoretical framework to explain the relationship between public borrowing and economic growth and concentrates on four economic variables: public debt level, borrowing cost, public investment in infrastructure and economic growth. A simultaneous model is built and analyzed using different estimation methods so as to capture the relationship between the main dependent variables of interest, while controlling for the dynamics between other endogenous variables. The results show that public borrowing impacts state and local economic growth in a quadratic manner. When the borrowing level is within certain limit, it will improve economic growth primarily due to its…    
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Book details

List price: $83.00
Publisher: Lambert Academic Publishing
Binding: Paperback
Pages: 184
Size: 6.00" wide x 9.00" long x 0.42" tall
Weight: 0.616
Language: English