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http://hdl.handle.net/2445/106985
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DC Field | Value | Language |
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dc.contributor.author | Gómez-Puig, Marta | - |
dc.contributor.author | Sosvilla Rivero, Simón | - |
dc.date.accessioned | 2017-02-15T10:53:48Z | - |
dc.date.available | 2018-12-31T06:10:18Z | - |
dc.date.issued | 2015-12 | - |
dc.identifier.issn | 0161-8938 | - |
dc.identifier.uri | http://hdl.handle.net/2445/106985 | - |
dc.description.abstract | New evidence is presented on the possible existence of bi-directional causal relationships between public debt and economic growth in both central and peripheral countries of the European Economic and Monetary Union. We test for heterogeneity in the bi-directional Granger-causality across both time and space during the period between 1980 and 2013. The results suggest evidence of a "diabolic loop" between low economic growth and high public debt levels in Spain after 2009. For Belgium, Greece, Italy and the Netherlands debt has a negative effect over growth from an endogenously determined breakpoint and above a debt threshold ranging from 56% to 103% depending on the country. | - |
dc.format.extent | 16 p. | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | - |
dc.publisher | Elsevier | - |
dc.relation.isformatof | Versió postprint del document publicat a: https://doi.org/10.1016/j.jpolmod.2015.09.004 | - |
dc.relation.ispartof | Journal of Policy Modeling, 2015, vol. 37, num. 6, p. 974-989 | - |
dc.relation.uri | https://doi.org/10.1016/j.jpolmod.2015.09.004 | - |
dc.rights | cc-by-nc-nd (c) Elsevier, 2015 | - |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es | - |
dc.source | Articles publicats en revistes (Economia) | - |
dc.subject.classification | Deute públic | - |
dc.subject.classification | Creixement econòmic | - |
dc.subject.classification | Causalitat | - |
dc.subject.classification | Països de la Unió Europea | - |
dc.subject.other | Public debt | - |
dc.subject.other | Economic growth | - |
dc.subject.other | Causation | - |
dc.subject.other | European Union countries | - |
dc.title | On the bi-directional causal relationship between public debt and economic growth in EMU countries | - |
dc.type | info:eu-repo/semantics/article | - |
dc.type | info:eu-repo/semantics/acceptedVersion | - |
dc.identifier.idgrec | 655530 | - |
dc.date.updated | 2017-02-15T10:53:48Z | - |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | - |
Appears in Collections: | Articles publicats en revistes (Economia) |
Files in This Item:
File | Description | Size | Format | |
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655530.pdf | 705.21 kB | Adobe PDF | View/Open |
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