Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/116518
Title: Public debt and economic growth: Further evidence for the euro area [WP]
Author: Gómez-Puig, Marta
Sosvilla Rivero, Simón, 1961-
Keywords: Deute públic
Creixement econòmic
Zona euro
Public debt
Economic growth
Eurozone
Issue Date: 2017
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Series/Report no: [WP E-IR17/15]
Abstract: This paper empirically investigates the short and long run impact of public debt on economic growth. We use annual data from both central and peripheral countries of the euro area (EA) for the 1961-2013 period and estimate a production function augmented with a debt stock term by applying the Autoregressive Distributed Lag (ARDL) bounds testing approach. Our results suggest different patterns across EA countries and tend to support the view that public debt always has a negative impact on the long-run performance of EA member states, 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/2017/201715.pdf
It is part of: IREA – Working Papers, 2017, IR17/15
URI: http://hdl.handle.net/2445/116518
ISSN: 2014-1254
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

Files in This Item:
File Description SizeFormat 
IR17-015_GomezPuig+Sosvilla_PublicDebt.pdf1.61 MBAdobe PDFView/Open


This item is licensed under a Creative Commons License Creative Commons