Borgersen, Trond-Arne; King, Roswitha M. - In: Structural Change and Economic Dynamics 30 (2014) C, pp. 101-119
This paper analyses the relation between the structure of GDP and a country's debt sustainability. A two-sector model with endogenous relative sector sizes is developed to formally show that under certain conditions the debt sustainability, measured as the limiting value of the debt-to-GDP...