Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/122904
Title: Public debt and economic growth: Further evidence from the euro area
Author: Gómez-Puig, Marta
Sosvilla Rivero, Simón, 1961-
Keywords: Deute públic
Creixement econòmic
Zona euro
Public debt
Economic growth
Eurozone
Issue Date: Jun-2018
Publisher: Akadémiai Kiadó
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: Versió postprint del document publicat a: https://doi.org/10.1556/032.2018.68.2.2
It is part of: Acta Oeconomica, 2018, vol. 68, num. 2, p. 209-229
URI: http://hdl.handle.net/2445/122904
Related resource: https://doi.org/10.1556/032.2018.68.2.2
ISSN: 0001-6373
Appears in Collections:Articles publicats en revistes (Economia)

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