Overaccumulation, Public Debt and the Importance of Land. Issue 4 (3rd June 2014)
- Record Type:
- Journal Article
- Title:
- Overaccumulation, Public Debt and the Importance of Land. Issue 4 (3rd June 2014)
- Main Title:
- Overaccumulation, Public Debt and the Importance of Land
- Authors:
- Homburg, Stefan
- Abstract:
- Abstract: In recent contributions, von Weizsäcker (2014) and Summers (2014) maintain that mature economies accumulate too much capital. They suggest large and lasting public deficits as a remedy. This study argues that overaccumulation cannot occur in an economy with land. It presents novel data of aggregate land values, analyzes the issue within a stochastic framework and conducts an empirical test of overaccumulation.
- Is Part Of:
- German economic review. Volume 15:Issue 4(2014:Nov.)
- Journal:
- German economic review
- Issue:
- Volume 15:Issue 4(2014:Nov.)
- Issue Display:
- Volume 15, Issue 4 (2014)
- Year:
- 2014
- Volume:
- 15
- Issue:
- 4
- Issue Sort Value:
- 2014-0015-0004-0000
- Page Start:
- 411
- Page End:
- 435
- Publication Date:
- 2014-06-03
- Subjects:
- Dynamic efficiency -- overaccumulation -- land -- fiscal policy -- public debt
Economics -- Periodicals
330 - Journal URLs:
- http://onlinelibrary.wiley.com/ ↗
http://www.blackwell-synergy.com/loi/geer ↗
http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1468-0475 ↗ - DOI:
- 10.1111/geer.12053 ↗
- Languages:
- English
- ISSNs:
- 1465-6485
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 4162.087000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 10261.xml