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 |
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) |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
673728.pdf | 483.92 kB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.