Public debt and economic growth: Further evidence from the euro area

dc.contributor.authorGómez-Puig, Marta
dc.contributor.authorSosvilla Rivero, Simón
dc.date.accessioned2018-06-12T10:37:04Z
dc.date.available2018-06-12T10:37:04Z
dc.date.issued2018-06
dc.date.updated2018-06-12T10:37:04Z
dc.description.abstractThis 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.
dc.format.extent21 p.
dc.format.mimetypeapplication/pdf
dc.identifier.idgrec673728
dc.identifier.issn0001-6373
dc.identifier.urihttps://hdl.handle.net/2445/122904
dc.language.isoeng
dc.publisherAkadémiai Kiadó
dc.relation.isformatofVersió postprint del document publicat a: https://doi.org/10.1556/032.2018.68.2.2
dc.relation.ispartofActa Oeconomica, 2018, vol. 68, num. 2, p. 209-229
dc.relation.urihttps://doi.org/10.1556/032.2018.68.2.2
dc.rights(c) Akadémiai Kiadó, 2018
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.sourceArticles publicats en revistes (Economia)
dc.subject.classificationDeute públic
dc.subject.classificationCreixement econòmic
dc.subject.classificationZona euro
dc.subject.otherPublic debt
dc.subject.otherEconomic growth
dc.subject.otherEurozone
dc.titlePublic debt and economic growth: Further evidence from the euro area
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/acceptedVersion

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