This time they are different: heterogeneity and nonlinearity in the relationship between debt and growth
"We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis takes particular note of theoretical arguments and data considerations in modeling the debt-growth relationship as heterogeneous across countries. We investigate the issue of nonlinear...
| Main Authors: | , |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Washington, DC
2013
IMF |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19121408124919496809-This-time-they-are-different-h.htm |
| _version_ | 1771659898715635713 |
|---|---|
| author | Eberhardt, Markus Presbitero, Andrea |
| author_facet | Eberhardt, Markus Presbitero, Andrea |
| collection | Library items |
| description | "We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis takes particular note of theoretical arguments and data considerations in modeling the debt-growth relationship as heterogeneous across countries. We investigate the issue of nonlinearities (debt thresholds) in both the cross-country and within-country dimensions, employing novel methods and diagnostics from the time-series literature adapted for use in the panel. We find some support for a nonlinear relationship between debt and long-run growth across countries, but no evidence for common debt thresholds within countries over time." |
| format | TEXT |
| id | 19121408124919496809_529187dc4dd441589f593d43d74008c7 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19121408124919496809_529187dc4dd441589f593d43d74008c7 |
| is_hierarchy_title | This time they are different: heterogeneity and nonlinearity in the relationship between debt and growth |
| language | English |
| physical | 44 p. Digital |
| publishDate | 2013 |
| publisher | Washington, DC IMF |
| spellingShingle | Eberhardt, Markus Presbitero, Andrea economic growth economic model public debt This time they are different: heterogeneity and nonlinearity in the relationship between debt and growth |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=109757992793 |
| title | This time they are different: heterogeneity and nonlinearity in the relationship between debt and growth |
| topic | economic growth economic model public debt |
| url | https://www.labourline.org/KENTIKA-19121408124919496809-This-time-they-are-different-h.htm |