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On the relation between public debt and economic growth: an empirical investigation
Economics and Business Letters
View Archive Info| Field | Value | |
| Title |
On the relation between public debt and economic growth: an empirical investigation
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| Creator |
Fincke, Bettina
Greiner, Alfred |
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| Description |
In this paper we empirically study the relation between public debt and economic growth. We analyze how the public debt to GDP ratio at a certain point in time is correlated with the GDP growth rate in the following period, where we consider a one-year time span, a three-years time interval and a five-years interval. Using panel data comprising seven developed countries from 1970-2012, we estimate a pooled regression model and a random effects model. We find strong evidence for a significantly negative relation between debt and growth. Further, for most specifications this relationship does not seem to be characterized by non-linearities.
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| Publisher |
Oviedo University Press
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| Contributor |
—
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| Date |
2015-07-09
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/10696
10.17811/ebl.4.4.2015.137-150 |
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| Source |
Economics and Business Letters; Vol 4, No 4 (2015): December - Special Issue Debt and Sustainability; 137-150
Economics and Business Letters; Vol 4, No 4 (2015): December - Special Issue Debt and Sustainability; 137-150 2254-4380 10.17811/ebl.4.4.2015 |
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| Language |
eng
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| Relation |
http://www.unioviedo.es/reunido/index.php/EBL/article/view/10696/10540
http://www.unioviedo.es/reunido/index.php/EBL/article/downloadSuppFile/10696/605 |
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| Rights |
Copyright (c) 2016 Economics and Business Letters
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