An Empirical Comparison of Interest and Growth Rates

This paper investigates methods of assessing dynamic efficiency, points out their shortcomings and develops a new criterion of determining whether or not an economy accumulates too much capital. This criterion is then applied to the OECD countries as well as China. The analysis sheds a new light on recent proposals of raising public debt levels during a time of low interest rates.

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Year of publication:	2014-10
Authors:	Julia, Knolle
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Overaccumulation \| dynamic efficiency \| public debt \| ponzi games \| zero lower bound \| WACC

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011113351