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Title: New empirical evidence on the impact of public debt on economic growth in EMU countries
Author: Gómez-Puig, Marta
Sosvilla Rivero, Simón, 1961-
Keywords: Deute públic
Creixement econòmic
Zona euro
Public debt
Economic growth
Issue Date: 2019
Publisher: Universidad de Huelva
Abstract: New empirical evidence is presented on the impact of public debt on economic growth. To that end, we employ the Autoregressive Distributed Lag (ARDL) bounds testing approach using annual data from both central and peripheral countries of the European Economic and Monetary Union (EMU) for the 1961-2015 period. In particular, we allow for different endogenously (data-based) regimes in the parameter relating the public debt variable to the real growth rate. Our results suggest that the impact of public debt on economic growth not only changes across EMU countries, but also over time.
Note: Reproducció del document publicat a:
It is part of: Revista de Economia Mundial, 2019, vol. 51, p. 101-120
ISSN: 1576-0162
Appears in Collections:Articles publicats en revistes (Economia)

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