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  • 标题:Debt-sharing and secession: A generational accounting approach
  • 本地全文:下载
  • 作者:Philippe CATTOIR ; Frédéric DOCQUIER
  • 期刊名称:CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
  • 出版年度:2000
  • 卷号:2000
  • 出版社:Center for Operations Research and Econometrics (UCL), Louvain
  • 摘要:This paper investigates one of the most important financial issues arising from a secession or a country partioning, namely the sharing of the national public debt. Extending Drèze’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 Drèze’s static rule is only obtained in the steady growth framework in the absence of initial regional debt. An application of our criterion to the Belgian case offers striking results.
  • 关键词:debt-sharing, public debt, secession, generational accounting, distributive neutrality
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