Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/102588
Title: Debt-growth linkages in EMU across countries and time horizons
Author: Gómez-Puig, Marta
Sosvilla Rivero, Simón, 1961-
Keywords: Deute públic
Creixement econòmic
Països de la Unió Europea
Public debt
Economic growth
European Union countries
Issue Date: 2016
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Abstract: This paper contributes to the literature by empirically examining whether the influence of public debt on economic growth differs between the short and the long run and presents different patterns across euroarea countries. To this end, we use annual data from both central and peripheral countries of the European Economic and Monetary Union (EMU) for the 1960-2012 period and estimate a growth model augmented for public debt using the Autoregressive Distributed Lag (ARDL) bounds testing approach. Our findings tend to support the view that public debt always has a negative impact on the long-run performance of EMU countries, whilst its short-run effect may be positive depending on the country.
Note: Reproducció del document publicat a: http://www.ub.edu/irea/working_papers/2016/201610.pdf
It is part of: IREA – Working Papers, 2016, IR16/010
URI: http://hdl.handle.net/2445/102588
ISSN: 2014-1254
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

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