Document Details

Document Type : Article In Journal 
Document Title :
Public Debt and Public Qirad: Their Impacts on Welfare
الدين العام والقراض العام : أثرهما على الرفاه
 
Subject : Articles  
Document Language : Arabic 
Abstract : The paper makes a study of financing budget deficit by qirad in comparison with financing it with interest bearing public debt. The paper uses two simple mathematical models. The first model assumes real intcrcst on public debt to he higher than the cquilibrium rate of interest and concludes that there is a negative relationship between public dcbt and Net National Product. The second model ilssumes qirad (profitsharing) to he the mode of financing revenue-yielding public projects. This model, . it turns out, satisfies the conditions necessary for optimum social welfare , where the marginal rate of substitution equals the marginal rate of transformation. At this point the return to t’inancing would equal the average rate of return on investment in the economy which equals the rate of economic growth. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 8 
Issue Number : 1 
Publishing Year : 1416 AH
1996 AD 
Number Of Pages : 18 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
عبدالرحيم عبدالحميد الساعاتيABDELRAHIM ABDELHAMEED AL-SAATIResearcher  

Files

File NameTypeDescription
 21026.pdf pdf 

Back To Researches Page