The Words of Public Debts: A Political Repertoire

Barreyre, Nicolas; Delalande, Nicolas

doi:10.1007/978-3-030-48794-2_20

Cited by 2 publications

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“…The Keynesian point of view argues that public debt positively affects the expenditure multiplier and facilitates economic growth through new investment, employment creation, and demand-side stimulation [24][25][26]. The Classical and Neo-classical theorists strongly criticize the Keynesian arguments and state that public debt might be helpful for a crisis period, but it triggers interest rates, and due to the crowd-out effect, the private sector faces a capital shortage that ultimately affects economic growth in long-run [27,28]. In contrast, New Keynesian theorists state that public debts support the government in capital formation and large investments that motivate the demand side with its multiplier effects [29].…”

Section: Literature Reviewmentioning

confidence: 99%

Public Debt, Governance, and Growth in Developing Countries: An Application of Quantile via Moments

et al. 2023

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Developing countries often encounter budget deficits by taking loans from internal and external sources. The effectiveness of public debt has been a long debate in the seminal and empirical literature. In this study, we investigate the effectiveness of public debt on economic growth, incorporating the role of governance in 44 developing countries. In doing so, we applied the Quantile Via Moments approach to analyze heterogeneous panel data ranging 1990–2000 considering the scale and location properties under different economic circumstances. Our results show that public debt impedes economic growth in all quantiles. Our empirical finding corroborates our proposition that in the presence of good governance, public debt promotes economic growth in the medium to higher quantiles. The empirical findings of this study confirm that governance is far more important in promoting economic growth.

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Section: Literature Reviewmentioning

confidence: 99%

Public Debt, Governance, and Growth in Developing Countries: An Application of Quantile via Moments

et al. 2023

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“…This chapter addresses the problem of the judicialization of vulture funds in world society. Since the 1970s, hedge funds have systematically purchased and litigated the indebted state bonds, regardless of their participation in local debt restructuring agreements (Barreyre and Delalande 2020). This is a recurring practice in the international market, marked by predatory elements and structured around secondary credits, which has led the identification of these This text presents a socio-legal observation on the topic, mobilizing literature from Social Systems Theory attentive to legal communications produced in world society, identifying the structures and programs of the legal system that deal with the cognitive complexity inherent in the dynamics of International Political Economy.…”

Section: Marco Antonio Loschiavo Leme De Barrosmentioning

confidence: 99%

Contemporary socio-legal studies empirical and global perspectives

2023

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This volume is part of a series of seminars, interviews and publications that the editors have been organizing in the endeavor of bringing a highly abstract and general theory of society – such as Niklas Luhmann’s social systems theory – closer to more detailed discussions concerning specific legal fields and problems, and linking empirical investigation to legal doctrines and theories. In this volume, we maintain the focus on systemic-theoretical approaches, but also invite a wider range of other contemporary socio-legal theories and methods. The reader is asked to find the contrasts and complementarities between these diverse viewpoints. The book is organized in four main parts: one presenting some theoretical and methodological discussions on how to couple sociological and legal theory with empirical research, under systemic approaches; the second one presents examples of empirical research adopting a socio-legal background to look to the legal, political and economic systems; a third one focuses on the problems of inclusion/ exclusion in contemporary society; the fourth and final session discusses researches concerning the legal process and legal organization.

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The Words of Public Debts: A Political Repertoire

Cited by 2 publications

References 0 publications

Public Debt, Governance, and Growth in Developing Countries: An Application of Quantile via Moments

Public Debt, Governance, and Growth in Developing Countries: An Application of Quantile via Moments

Contemporary socio-legal studies empirical and global perspectives

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