Public debt and inequality in a context of financial openness

This study analyzes the influence of inequality and financial internationalization on public indebtedness, by controlling for traditional determinants of public debt and using dynamic panel data estimators. The first two factors have shown many changes in the last two decades with a marked heterogen...

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Autores principales: Carrera, Jorge Eduardo, De La Vega, Pablo
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2019
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Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/123002
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spelling I19-R120-10915-1230022024-03-05T16:59:25Z http://sedici.unlp.edu.ar/handle/10915/123002 Public debt and inequality in a context of financial openness Carrera, Jorge Eduardo De La Vega, Pablo 2019-11 2019 2021-08-19T17:16:12Z en Ciencias Económicas Inequality Public debt Panel data International comparison Financial openness This study analyzes the influence of inequality and financial internationalization on public indebtedness, by controlling for traditional determinants of public debt and using dynamic panel data estimators. The first two factors have shown many changes in the last two decades with a marked heterogeneity between different regions and countries, while the public debt has evidenced a generalized increasing trend. We assume that, in the context of greater access to financial markets, increasing inequality induce governments to issue more debt to offset the negative impact of inequality on the economic growth, the fiscal deficit and financial stability. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
Inequality
Public debt
Panel data
International comparison
Financial openness
spellingShingle Ciencias Económicas
Inequality
Public debt
Panel data
International comparison
Financial openness
Carrera, Jorge Eduardo
De La Vega, Pablo
Public debt and inequality in a context of financial openness
topic_facet Ciencias Económicas
Inequality
Public debt
Panel data
International comparison
Financial openness
description This study analyzes the influence of inequality and financial internationalization on public indebtedness, by controlling for traditional determinants of public debt and using dynamic panel data estimators. The first two factors have shown many changes in the last two decades with a marked heterogeneity between different regions and countries, while the public debt has evidenced a generalized increasing trend. We assume that, in the context of greater access to financial markets, increasing inequality induce governments to issue more debt to offset the negative impact of inequality on the economic growth, the fiscal deficit and financial stability.
format Objeto de conferencia
Objeto de conferencia
author Carrera, Jorge Eduardo
De La Vega, Pablo
author_facet Carrera, Jorge Eduardo
De La Vega, Pablo
author_sort Carrera, Jorge Eduardo
title Public debt and inequality in a context of financial openness
title_short Public debt and inequality in a context of financial openness
title_full Public debt and inequality in a context of financial openness
title_fullStr Public debt and inequality in a context of financial openness
title_full_unstemmed Public debt and inequality in a context of financial openness
title_sort public debt and inequality in a context of financial openness
publishDate 2019
url http://sedici.unlp.edu.ar/handle/10915/123002
work_keys_str_mv AT carrerajorgeeduardo publicdebtandinequalityinacontextoffinancialopenness
AT delavegapablo publicdebtandinequalityinacontextoffinancialopenness
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