政府借贷是庞氏骗局:以孟加拉国为例

IF 0.9 Q3 ECONOMICS
Syed Yusuf Saadat
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引用次数: 0

摘要

这项研究调查了政府借贷是否可以被比作庞氏骗局,让政府永久展期。结果表明,在保持实际经济增长率高于政府债务实际利率的条件下,孟加拉国不可能维持所有四种类型的国民储蓄证书的永久庞氏骗局。根据Ball等人(1998)中概述的条件,政府的债务可以永久展期为两种类型的国民储蓄证书,或者根据Mehrotra(2017)中列出的条件展期为三种类型的国家储蓄证书。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Government borrowing as a Ponzi scheme: the case of Bangladesh
This study investigates whether government borrowing can be likened to a Ponzi scheme which will allow the government to roll-over its debt perpetually. The results show that, on the basis of the condition of maintaining real economic growth rate above and beyond the real interest rate on government debt, it will not be possible to sustain a perpetual Ponzi scheme of all four types of National Savings Certificates in Bangladesh. The government’s debt may be rolled over perpetually for two types of National Savings Certificates, following the condition outlined in Ball, et al. (1998), or for three types of National Savings Certificates following the condition outlined in Mehrotra (2017).
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来源期刊
CiteScore
1.80
自引率
11.10%
发文量
18
期刊介绍: Economics and Business Letters is an open access journal that publishes both theoretical and empirical quality original papers in all economics and business fields. In addition, relevant discussions on current policy issues will be considered for the Policy Watch section. As general strategy of EBL, the journal will launch calls for papers for special issues on topics of interest, generally with invited guest editors. The maximum length of the letters is limited to 2,500 words.
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