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IR17-015_GomezPuig+Sosvilla_PublicDebt.pdf (1.57 MB)

Tipus de document

Document de treball

Data de publicació

2017

Llicència de publicació

cc-by-nc-nd, (c) Gómez-Puig et al., 2017
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/116518

Public debt and economic growth: Further evidence for the euro area [WP]

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Resum

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.

Matèries

Deute públic, Creixement econòmic, Zona euro

Matèries (anglès)

Public debt, Economic growth, Eurozone

Citació

Col·leccions

Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))

Citació

GÓMEZ-PUIG, Marta and SOSVILLA RIVERO, Simón. Public debt and economic growth: Further evidence for the euro area [WP]. IREA – Working Papers. 2017. Vol.  IR17/15. ISSN 2014-1254. [consulted: 23 of May of 2026]. Available at: https://hdl.handle.net/2445/116518

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