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JOURNAL OF ACCOUNTING AND FINANCE

Maximum Sustainable Level of National Debt


Author(s): Arvind Jadhav, James P. Neelankavil, David Andrews

Citation: Arvind Jadhav, James P. Neelankavil, David Andrews, (2012) "Maximum Sustainable Level of National Debt," Vol. 12, Iss. 2, pp. 51 - 64

Article Type: Research paper

Publisher: North American Business Press

Abstract:

The interest in the level of National Debt accumulated by countries has peaked recently due to difficulty in repayment or refinancing of maturing debt experienced by a number of countries. National debt is defined as the accumulated fiscal deficit owed by a country’s central or Federal government. Current efforts in determining a sustainable level of debt are focused on establishing a global standard for sustainable level of debt as well as annual deficit for a group of countries. These standards are set irrespective of a country’s economic structure or its level of development. This paper attempts to develop a model that will estimate the level of national debt with reference to economic factors unique to the U.S.