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dc.contributor.authorYeo, Teck Wei
dc.contributor.authorCham, Taw Zheng
dc.contributor.authorBarus, Ivan Louise
dc.description.abstractWhat are the factors that have contributed to the rise in US public debt over the past 30 years? Based on these factors, what are the implications for US public debt management? In this paper, we used the Government Budget Constraint (GBC) as an analytical framework to provide a qualitative analysis on the evolution of US public debt from 1980 to 2011. We identified the high level of defence spending as well as the persistent use of deficit financing to be the main factors leading to the rise in public debt. This proposition was later supported by the OLS regression results. In addition, our findings identified the rise in primary deficit ratio to be the most significant factor that led to the rise of public debt. As such, we recommend the US government to cut down on federal expenditure in specific sectors and conduct a tax reform to better manage its public debt.en_US
dc.format.extent52 p.en_US
dc.rightsNanyang Technological University
dc.subjectDRNTU::Social sciences::Economic theory::Macroeconomicsen_US
dc.titleThe US public debt problemen_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.schoolSchool of Humanities and Social Sciencesen_US
dc.description.degreeBachelor of Artsen_US
dc.contributor.supervisor2Tan Kim Hengen_US
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Appears in Collections:HSS Student Reports (FYP/IA/PA/PI)
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