Please use this identifier to cite or link to this item:
https://doi.org/10.1016/j.jedc.2004.12.005
| Title: | Second-best public debt with human capital externalities | Authors: | Zhang, J. | Keywords: | Externality Growth Optimal debt Transitional dynamics |
Issue Date: | 2006 | Citation: | Zhang, J. (2006). Second-best public debt with human capital externalities. Journal of Economic Dynamics and Control 30 (2) : 347-360. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jedc.2004.12.005 | Abstract: | This paper studies optimal public debt in a dynastic model with human capital externalities that cause human capital investment (fertility) to be below (above) its socially optimal level. By reducing fertility and raising human capital investment, the optimal debt can exceed 10% of output for plausible parameterizations.©2005 Elsevier B.V. All rights reserved. | Source Title: | Journal of Economic Dynamics and Control | URI: | http://scholarbank.nus.edu.sg/handle/10635/19976 | ISSN: | 01651889 | DOI: | 10.1016/j.jedc.2004.12.005 |
| Appears in Collections: | Staff Publications |
Show full item record
Files in This Item:
There are no files associated with this item.
SCOPUSTM
Citations
4
checked on Oct 21, 2020
WEB OF SCIENCETM
Citations
4
checked on Oct 21, 2020
Page view(s)
246
checked on Oct 6, 2020
Google ScholarTM
Check
Altmetric
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.