| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1343 |
| DP1343 Around the European Periphery 1870-1913: Globalization, Schooling and Growth | |
| Jeffrey G. Williamson; Kevin O'Rourke | |
| 发表日期 | 1996-02-29 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | Proposals for reducing high public debt are sometimes viewed with scepticism, both because of adverse consequences for growth and political economy considerations. This paper looks into the debt history of Britain, Germany and France, to gain more insights into why national debt was accumulated and how it was reduced. The historical evidence studied here leaves only a limited role for public choice interpretations, as most of the historical debt record was dominated by international conflict. Whichever strategy towards reducing the debt burden was adopted, there seem to be no visible effects on long-term growth performance. |
| 关键词 | Debt retirement Default Growth Reparations War finance |
| URL | https://cepr.org/publications/dp1343 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530485 |
| 推荐引用方式 GB/T 7714 | Jeffrey G. Williamson,Kevin O'Rourke. DP1343 Around the European Periphery 1870-1913: Globalization, Schooling and Growth. 1996. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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