Government DEBT, Immigration, and Durable Public Goods

Government DEBT, Immigration, and Durable Public Goods

Government debt is shown to be a pareto-improving policy for the native population in the presence of durable public goods and immigration. Debt is therefore neither equivalent to current taxation nor neutral in its macro-economic impact. Debt may also promote a more efficientflow of immigration by...

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Veröffentlicht in:Public finance quarterly 1989-04, Vol.17 (2), p.227-235
1. Verfasser: Leeds, Michael A.
Format: Artikel
Sprache:eng
Schlagworte:
Analysis
Deficit financing
Durable goods
Economic aspects
Economic theory
Emigration and immigration
Finance
Government spending
Immigrants
Immigration
National debt
Noncitizens
Public debts
Public finance
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Beschreibung
Zusammenfassung:Government debt is shown to be a pareto-improving policy for the native population in the presence of durable public goods and immigration. Debt is therefore neither equivalent to current taxation nor neutral in its macro-economic impact. Debt may also promote a more efficientflow of immigration by reducing the ability to free-ride on the capital provided by natives.
ISSN:0048-5853
1091-1421
1552-7530
DOI:10.1177/109114218901700206