When is Debt Odious? A Theory of Repression and Growth Traps
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下载链接：
https://www.nber.org/papers/w27221
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资源简介：
How is a developing country affected by its odious governments ability to borrow in international markets? We examine the dynamics of a countrys growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, socially unproductive, spending.
提供机构：
美国国家经济研究局
创建时间：
2020-05-01
