212 Pages
by
Routledge
224 Pages
by
Routledge
Also available as eBook on:
The growth and persistence of government budget deficits is causing increasing concern in both developed and developing countries. They have provoked extreme responses: some economists hold that they have devasting effects, others that they have no real impact at all. Budget Deficits and Economic Activity in Asia examines both of these claims in the context of the Asian economies. After testing... Read more
1. Introduction 2. A Review of the Record 3. Sustainability of Perpetual Deficits 4. Deficits and Seigniorage 5. Deficits and Money Supply 6. Deficits and Inflation 7. Deficits and Aggregate Demand 8. Deficits and Interest Rates 9. Conclusions
Biography
Kanhaya Gupta
`The findings of this study are very relevant for the formulation of bugetary policies in developing countries.' - Intl Jrnl of Development Banking
`... this is a pioneering systematic study that analyzes frequently cited effects of fiscal deficits in the selected Asian countries. It will be useful as a reference book for graduate students in fiscal economics and economic development courses, and is highly recommended for graduate collections.' - Choice
`...this is a very valuable contribution in an important area which is relevant for economic policy in the current context.'
