Overaccumulation, Public Debt and the Importance of Land

Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review

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  • Stefan Homburg

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OriginalspracheEnglisch
Seiten (von - bis)411-435
Seitenumfang25
FachzeitschriftGerman economic review
Jahrgang15
Ausgabenummer4
PublikationsstatusVeröffentlicht - 1 Dez. 2014

Abstract

In recent contributions, vetype=video%2Fmp4.zon 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.

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Overaccumulation, Public Debt and the Importance of Land. / Homburg, Stefan.
in: German economic review, Jahrgang 15, Nr. 4, 01.12.2014, S. 411-435.

Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review

Homburg S. Overaccumulation, Public Debt and the Importance of Land. German economic review. 2014 Dez 1;15(4):411-435. doi: 10.1111/geer.12053
Homburg, Stefan. / Overaccumulation, Public Debt and the Importance of Land. in: German economic review. 2014 ; Jahrgang 15, Nr. 4. S. 411-435.
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