%0 Journal Article
%T Are Government Bonds Net Wealth? Some Empirical Evidence
%A Tito Belchior Silva Moreira
%A Geraldo da Silva e Souza
%A Fernando Ant£¿nio Ribeiro Soares
%J Modern Economy
%P 412-415
%@ 2152-7261
%D 2011
%I Scientific Research Publishing
%R 10.4236/me.2011.23045
%X This paper aims to investigate the impact of government debt on economic growth for a balanced panel of G7 countries over the period 1990-2008. We found empirical evidence that Ricardian Equivalence does not holds in general. The analysis indicates that only Germany shows a negative association between public debt and economic growth. The US and France show Ricardian equivalence and UK, Japan, Italy and Canada show a positive association.
%K Public Debt
%K Economic Growth
%K Ricardian Equivalence
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=6421