| Titre | L'impact du déficit public sur la vitesse de convergence des économies européennes | |
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| Auteur | Christophe Tavera, Isabelle Cadoret | |
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Revue | Economie et prévision |
| Numéro | no 132-133, 1998/1-2 | |
| Page | 37-48 | |
| Résumé anglais |
The Impact of Government Deficits on European Economic Convergence Rates by Isabelle Cadoret and Christophe Tavera
This paper is a theoretical and empirical examination of the consequences of the government deficit criterion contained in the Maastricht Treaty on economic convergence rates in Europe. We use a Solow growth model that explicitly accounts for government deficits. Theoretical analysis shows a multiplicity of equilibria, as well as bifurcation equilibria. A simulation using the model shows that application of the government deficit criterion leads to more rapid and more uniform convergence rates in European countries. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1998_num_132_1_5896 |
