Munich Personal RePEc Archive

Economic growth and debt: a simplified model

Krouglov, Alexei (2015): Economic growth and debt: a simplified model.

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Abstract

Presented is a mathematical model of single-product economy where an investment and debt are used to alter the demand for and supply of product. Explored is the dynamics of a nominal economic growth and decline. Examined are cases of a constant-rate growing debt and a constant-rate and constant-acceleration growing investment.

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