TY  - RPRT
        AU  - Cattoir, Philippe
AU  - Docquier, Frédéric
        TI  - Population Prospects and the Determination of a Debt-Sharing Rule between Seceding Regions
        PY  - 2004/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1022
        UR  - https://www.iza.org/index.php/publications/dp1022
        AB  - This paper investigates one of the most important financial issues arising from a secession or
a country partitioning namely the sharing of the national public debt. Extending Drèze's
distributive neutrality condition, we use the generational accounting technique and propose a
dynamic debt-sharing criterion which takes into account both the true debt future generations
inherit and their contributive capacity. The equivalence with Drèze's static rule is only
obtained on the balanced growth path, and in the absence of initial regional debt. An
application of our criterion to the Belgian case offers striking results.
        KW  - generational accounting
KW  - secession
KW  - public debt
        ER  -