TY  - GEN
AB  - 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.
DA  - 2013
DO  - 10.4119/unibi/2915436
KW  - Public Debt
KW  - Economic Growth
KW  - Empirics
LA  - eng
PY  - 2013
SN  - 2196-2723
SP  - 19-
TI  - On the relation between public debt and economic growth: An empirical investigation
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-29154360
Y2  - 2024-11-22T05:35:02
ER  -