TAILIEUCHUNG - The imPact of high and groWing government debt on economic groWth an emPirical inveStigation for the euro area

This report discusses the nature of investment in public transportation capital investments and operations in the United States, the ways in which that investment affects the economy, and the additional impacts of public transportation investments and services on economic growth in the United States. This topic has been examined in a series of past reports, including a widely circulated APTA report published ten years ago (Public Transportation and the Nation’s Economy: A Quantitative Analysis of Public Transportation’s Economic Impact, Cambridge Systematics and Economic Development Research Group, 1999). However, the nature of public transportation investment changes over. | EUROPEAN CENTRAL BANK EUROSYSTEM WORKING PAPER SERIES NO 1237 I AUGUST 2010 THE IMPACT OF HIGH AND GROWING GOVERNMENT DEBT ON ECONOMIC GROWTH AN EMPIRICAL INVESTIGATION FOR THE EURO AREA by Cristina Checherita and Philipp Rother EUROPEAN CENTRAL BANK EUROSYSTEM WORKING PAPER SERIES NO 1237 I AUGUST 2010 THE IMPACT OF HIGH AND GROWING GOVERNMENT DEBT ON ECONOMIC GROWTH AN EMPIRICAL INVESTIGATION FOR THE EURO AREA 1 by Cristina Checherita 2 and Philipp Rother 3 In 2010 all ECB publications feature a motif taken from the 500 banknote. NOTE This Working Paper should not be reported as representing the views of the European Central Bank ECB . The views expressed are those of the authors and do not necessarily reflect those of the ECB. This paper can be downloaded without charge from http or from the Social Science Research Network electronic library at http abstract_id 1659559. We are grateful to participants of an ECB seminar and in particular to Fédéric Holm-Hadulla Andrew Hughes Hallett Ludger Schuknecht Mathias Trabandt Ad van Riet and an anonymous referee for helpful comments on a previous version of the paper. 2 European Central Bank Fiscal Policies Division Kaiserstrasse 29 D-60311 Frankfurt am Main Germany e-mail 3 European Central Bank Fiscal Policies Division Kaiserstrasse 29 D-60311 Frankfurt am Main Germany e-mail European Central Bank 2010 Address Kaiserstrasse 29 60311 Frankfurt am Main Germany Postal address Postfach 16 03 19 60066 Frankfurt am Main Germany Telephone 49 69 1344 0 Internet http Fax 49 69 1344 6000 All rights reserved Any reproduction publication and reprint in the form of a different publication whether printed or produced electronically in whole or in part is permitted only with the explicit written authorisation of the ECB or the aatìtữr s . Information on all of the papers published in the ECB Working Paper Series can be found on

TỪ KHÓA LIÊN QUAN
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.