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Population Prospects and the Determination of a Debt-Sharing Rule between Seceding Regions

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dc.creator Cattoir, Philippe
dc.creator Docquier, Frédéric
dc.date 2004
dc.date.accessioned 2013-10-16T07:09:36Z
dc.date.available 2013-10-16T07:09:36Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20257
dc.identifier ppn:379327139
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20257
dc.description This paper investigates one of the most important financial issues arising from a secession or a country partitioning namely the sharing of the national public debt. Extending Dr?ze's distributive neutrality condition, we use the generational accounting technique and propose a dynamic debt-sharing criterion which takes into account both the true debt future generations inherit and their contributive capacity. The equivalence with Dr?ze's static rule is only obtained on the balanced growth path, and in the absence of initial regional debt. An application of our criterion to the Belgian case offers striking results.
dc.language eng
dc.relation IZA Discussion paper series 1022
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject H77
dc.subject H60
dc.subject ddc:330
dc.subject public debt
dc.subject secession
dc.subject generational accounting
dc.subject Öffentliche Schulden
dc.subject Finanzausgleich
dc.subject Separatismus
dc.subject Intergenerative Belastungsrechnung
dc.subject Schätzung
dc.subject Belgien
dc.title Population Prospects and the Determination of a Debt-Sharing Rule between Seceding Regions
dc.type doc-type:workingPaper

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