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2019

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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/135438

New empirical evidence on the impact of public debt on economic growth in EMU countries

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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.

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Deute públic, Creixement econòmic, Zona euro

Subject (English)

Public debt, Economic growth, Eurozone

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Articles publicats en revistes (Economia)

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GÓMEZ-PUIG, Marta and SOSVILLA RIVERO, Simón. New empirical evidence on the impact of public debt on economic growth in EMU countries. Revista de Economia Mundial. 2019. Vol. 51, num. 101-120. ISSN 1576-0162. [consulted: 14 of August of 2026]. Available at: https://hdl.handle.net/2445/135438

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