Public debt and growth: heterogeneity and non-linearity
We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis builds on theoretical arguments and data considerations in modelling the debt-growth relationship as heterogeneous across countries. We investigate the debt-growth nexus adopting linear and...
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| Format: | Article |
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Elsevier
2015
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| Online Access: | https://eprints.nottingham.ac.uk/29158/ |
| _version_ | 1848793727072468992 |
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| author | Eberhardt, Markus Presbitero, Andrea F. |
| author_facet | Eberhardt, Markus Presbitero, Andrea F. |
| author_sort | Eberhardt, Markus |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis builds on theoretical arguments and data considerations in modelling the debt-growth relationship as heterogeneous across countries. We investigate the debt-growth nexus adopting linear and non-linear specifications, employing novel methods and diagnostics from the time-series literature adapted for use in the panel. We find some support for a negative relationship between public debt and long-run growth across countries, but no evidence for a similar, let alone common, debt threshold within countries. |
| first_indexed | 2025-11-14T19:04:53Z |
| format | Article |
| id | nottingham-29158 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:04:53Z |
| publishDate | 2015 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-291582020-05-04T17:16:05Z https://eprints.nottingham.ac.uk/29158/ Public debt and growth: heterogeneity and non-linearity Eberhardt, Markus Presbitero, Andrea F. We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis builds on theoretical arguments and data considerations in modelling the debt-growth relationship as heterogeneous across countries. We investigate the debt-growth nexus adopting linear and non-linear specifications, employing novel methods and diagnostics from the time-series literature adapted for use in the panel. We find some support for a negative relationship between public debt and long-run growth across countries, but no evidence for a similar, let alone common, debt threshold within countries. Elsevier 2015-09-30 Article PeerReviewed Eberhardt, Markus and Presbitero, Andrea F. (2015) Public debt and growth: heterogeneity and non-linearity. Journal of International Economics, 97 (1). pp. 45-58. ISSN 0022-1996 public debt debt threshold economic growth http://www.sciencedirect.com/science/article/pii/S0022199615000690# doi:10.1016/j.jinteco.2015.04.005 doi:10.1016/j.jinteco.2015.04.005 |
| spellingShingle | public debt debt threshold economic growth Eberhardt, Markus Presbitero, Andrea F. Public debt and growth: heterogeneity and non-linearity |
| title | Public debt and growth: heterogeneity and non-linearity |
| title_full | Public debt and growth: heterogeneity and non-linearity |
| title_fullStr | Public debt and growth: heterogeneity and non-linearity |
| title_full_unstemmed | Public debt and growth: heterogeneity and non-linearity |
| title_short | Public debt and growth: heterogeneity and non-linearity |
| title_sort | public debt and growth: heterogeneity and non-linearity |
| topic | public debt debt threshold economic growth |
| url | https://eprints.nottingham.ac.uk/29158/ https://eprints.nottingham.ac.uk/29158/ https://eprints.nottingham.ac.uk/29158/ |