Aussie-Sino Studies

2017, (1) P24-P29

[打印本页] [关闭]
本期目录 | 过刊浏览 | 高级检索

Economic Growth Public Debt and Public Expenditure in India – An Empirical Analysis

Dr. Sonia Anand Dhir

摘要(Abstract):

Since 1980s, the discussion over debt hovers around such questions as how does debt matter and what are its implications on the economy in the short and long run. It also hovered around answering questions like whether public debt was a burden on the present generation in whose lifetime the debt was created or the future generations in whose lifetime the debt has to be serviced / retired. According to the views of “new orthodoxy”, it is the present generation, in whose lifetime the debt is created, that bears its burden since the transfer of real resources to the government deprives the current generation of the benefit of these resources and it is forced to sacrifice current consumption as a consequence. While future generation is not burdened at all. However, critiques of this view claim that current generation is not burdened at all, while the future generation is burdened by either having to pay taxes to compensate bond holders (Buchanan, 1958) or through lost capital formation(1961). Various factors play an important role while considering the burden of public debt like interest rate, strains and frictions imposed on the economy, ratio of total debt to total national income, unemployment, impact of work incentive, saving propensities, impact on income distribution etc. Another important question is whether the system of financing a project by means of public debt shifts the burden to the future generation? This paper focuses on the inter relationship between public debt, public expenditure and GDP of India.

关键词(KeyWords): Economic Growth, public debt, public expenditure, India, Empirical Analysis

Abstract:

Keywords:

基金项目(Foundation):

作者(Author): Dr. Sonia Anand Dhir

Email:

参考文献(References):

文章评论(Comment):

序号(No.) 时间(Time) 反馈人(User) 邮箱(Email) 标题(Title) 内容(Content)
反馈人(User) 邮箱地址(Email)
反馈标题(Title)
反馈内容(Content)
扩展功能
本文信息
服务与反馈
本文关键词相关文章
本文作者相关文章
中国知网
分享