The dynamic effect of public debt on economic growth in the era of ...

Originality/value. The findings suggest that an escalating level of public debt has a negative impact on economic growth; therefore, it is ...

economic growth; therefore, it is important to implement fiscal discipline, prioritize government spending and reduce reliance on debt financing. This can be ...

(PDF) The dynamic effect of public debt on economic growth in the ...

Then, for the European case, it was 60% of GDP, which is now 72% of GDP. Originality – The findings suggest that an escalating level of public ...

The dynamic effect of public debt on economic growth in the era of ...

The findings suggest that an escalating level of public debt has a negative impact on economic growth; therefore, it is important to implement ...

Investigating the dynamic impacts of public debt on economic ...

(2002) used a sample of 93 developing countries over the period 1969-1998 and found that the impact of external debt on GDP per capita growth is.

The Impact of Public Debt on Economic Growth | Cato Institute

The authors find that a 1 percentage point increase in the government debt-to-GDP ratio will lower economic growth by 0.012 to 0.125 percentage points. In the ...

Investigating the dynamic impacts of public debt on economic

The results revealed asymmetric effects of public debt on growth across GDP growth quantiles. Specifically, we found positive impacts of public debt in lower ...

Public investment, national debt, and economic growth: The role of ...

Increased debt hampers private capital accumulation and adversely affects economic growth. However, if the productivity effect of public capital is sufficiently ...

Public Debt Dynamics and the Impact of Fiscal Policy in - IMF eLibrary

We find that GDP growth shocks and the corresponding comovements of macroeconomic variables are the key drivers of debt to GDP.

The causal relationship between public debt and economic growth ...

Investigators of the public debt-economic growth nexus have yet to fully address the crucial issue of determining the direction of causality ...

[PDF] ON THE IMPACT OF PUBLIC DEBT ON ECONOMIC GROWTH

... impact of public debt on economic growth in 23 OECD countries classified into four groups in terms of their average debt-to-GDP ratio over the 1996-2007 period ...

Dynamic Relations Between Public External Debt and Economic ...

Theoretically, the neoclassical growth model explains the direct influence of debt on economic growth, based on how borrowed funds may serve to increase ...

Market Reforms and Public Debt Dynamics in Emerging Market and ...

First, the impact of reforms on real GDP growth has not only an automatic effect on the debt-to-GDP ratio but also bolsters tax revenues due to ...

The Impact of Public Debt on Economic Growth - Cato Institute

One of the cornerstone studies on the subject that triggered an emergence of new literature was Carmen Reinhart and Kenneth Rogoff's “Growth in a Time of Debt” ...

Growth in a Time of Debt - Harvard University

Government Debt, Growth, and Inflation: Selected Advanced Economies, 1946–2009. Notes: Central government debt includes domestic and external public debts.

The dynamic effect of public debt on economic growth in the era of ...

It shows that public debt has promoted economic growth, while population growth has hindered it. Thus, if Jordan is hoping to attain sustained economic growth, ...

Public Debt and Economic Growth in Advanced Economies: A Surveya

This would be correlated with lower growth in period (t+ 1; t+ n) even if public debt has no causal impact on growth in the future. Things may be different when ...

When Does Federal Debt Reach Unsustainable Levels?

At the same time, more tax revenue is needed to implement the closure rule that stabilizes debt relative to GDP. Even when using an efficient ...

Government Debt and Economic Growth

GDP, in explaining the changes in economic growth over time, and (b) examine the impact on subsequent growth of different scenarios of changes in public debt ...

NBER WORKING PAPER SERIES GROWTH IN A TIME OF DEBT ...

Our main findings are: First, the relationship between government debt and real GDP growth is weak for debt/GDP ratios below a threshold of 90 percent of GDP.