Is equity financed budget deficit stable in an interest free economy ?
Joint Authors
Aynul Hasan, M.
Siddiqui, Ahmad Naim
Source
Issue
Vol. 1, Issue 2 (30 Jun. 1994)17 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
1994-06-30
Country of Publication
Saudi Arabia
No. of Pages
17
Main Subjects
Abstract EN
The purpose of this paper is to analyze the stability of an equity financed budget deficit in an interest free Islamic economy.
To this effect a small closed economy theoretical macroeconomic model broadly consistent with the Islamic tenets is developed.
This study found that under a strong wealth effect an equity financed deficit is not necessarily unstable and that government expenditure policies may contribute positively in terms of enhancing the output of the economy
American Psychological Association (APA)
Aynul Hasan, M.& Siddiqui, Ahmad Naim. 1994. Is equity financed budget deficit stable in an interest free economy ?. Islamic Economic Studies،Vol. 1, no. 2.
https://search.emarefa.net/detail/BIM-210244
Modern Language Association (MLA)
Aynul Hasan, M.& Siddiqui, Ahmad Naim. Is equity financed budget deficit stable in an interest free economy ?. Islamic Economic Studies Vol. 1, no. 2 (Jun. 1994).
https://search.emarefa.net/detail/BIM-210244
American Medical Association (AMA)
Aynul Hasan, M.& Siddiqui, Ahmad Naim. Is equity financed budget deficit stable in an interest free economy ?. Islamic Economic Studies. 1994. Vol. 1, no. 2.
https://search.emarefa.net/detail/BIM-210244
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-210244