Public debt and inequality in a context of financial openness

Autores
Carrera, Jorge Eduardo; De La Vega, Pablo
Año de publicación
2019
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
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
Materia
Ciencias Económicas
Inequality
Public debt
Panel data
International comparison
Financial openness
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/123002

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network_name_str SEDICI (UNLP)
spelling Public debt and inequality in a context of financial opennessCarrera, Jorge EduardoDe La Vega, PabloCiencias EconómicasInequalityPublic debtPanel dataInternational comparisonFinancial opennessThis 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 Económicas2019-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/123002enginfo:eu-repo/semantics/altIdentifier/isbn/978-987-28590-7-7info:eu-repo/semantics/altIdentifier/url/https://aaep.org.ar/anales/works/works2019/delavega_carrera.pdfinfo:eu-repo/semantics/altIdentifier/issn/1852-0022info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-11-05T13:08:41Zoai:sedici.unlp.edu.ar:10915/123002Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-11-05 13:08:42.053SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv Public debt and inequality in a context of financial openness
title Public debt and inequality in a context of financial openness
spellingShingle Public debt and inequality in a context of financial openness
Carrera, Jorge Eduardo
Ciencias Económicas
Inequality
Public debt
Panel data
International comparison
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
dc.creator.none.fl_str_mv Carrera, Jorge Eduardo
De La Vega, Pablo
author Carrera, Jorge Eduardo
author_facet Carrera, Jorge Eduardo
De La Vega, Pablo
author_role author
author2 De La Vega, Pablo
author2_role author
dc.subject.none.fl_str_mv Ciencias Económicas
Inequality
Public debt
Panel data
International comparison
Financial openness
topic Ciencias Económicas
Inequality
Public debt
Panel data
International comparison
Financial openness
dc.description.none.fl_txt_mv 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
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.
publishDate 2019
dc.date.none.fl_str_mv 2019-11
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info:eu-repo/semantics/publishedVersion
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http://purl.org/coar/resource_type/c_5794
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status_str publishedVersion
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dc.language.none.fl_str_mv eng
language eng
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info:eu-repo/semantics/altIdentifier/url/https://aaep.org.ar/anales/works/works2019/delavega_carrera.pdf
info:eu-repo/semantics/altIdentifier/issn/1852-0022
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Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
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Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)
dc.format.none.fl_str_mv application/pdf
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