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Publicação
The Role of government debt on economic growth
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Autores
Orientador(es)
Resumo(s)
In our research, we study the effect of public debt on economic growth for annual and 5-year average growth rates, as well as the existence of non-linearity effects of debt on growth for 14 European countries since 1970 until 2012. We also consider debt-to-GDP ratio interactions with monetary, public finance, institutional and macroeconomic variables. We conclude that debt has a negative impact of -0.01% for each increment of 1% of public debt, although debt service has a 10 times worse effect on growth. We reach average thresholds for annual and 5-year average of 75% and 74%, respectively. Belonging to Eurozone has a detrimental effect of at least -0.5% for real per capita GDP, and banking crisis is the most harmful crisis for the growth phenomena.
Descrição
Mestrado em Economia
Palavras-chave
government debt economic growth thresholds
Contexto Educativo
Citação
Alves, José Ricardo Borges (2014). "The Role of government debt on economic growth". Dissertação de Mestrado, Universidade de Lisboa. Instituto Superior de Economia e Gestão
Editora
Instituto Superior de Economia e Gestão