Carregant...
Fitxers
Embargament
Document embargat fins el 2026-05-31Tipus de document
ArticleVersió
Versió acceptadaData de publicació
Tots els drets reservats
Si us plau utilitzeu sempre aquest identificador per citar o enllaçar aquest document: https://hdl.handle.net/2445/220183
Assessing heterogeneous time-varying impacts in the debt-growth nexus
Títol de la revista
Director/Tutor
ISSN de la revista
Títol del volum
Recurs relacionat
Resum
We empirically identify, measure, and describe the heterogeneity of the debt-growth nexus and the underlying factors that may explain it using panel data for 115 countries from 1995 to 2016. First, countries are endogenously grouped using the grouped fixed effects (GFE) estimator. The GFE estimator endogenously splits the sample into five groups of countries with a distinct estimated effect of public debt-to-GDP ratio on economic growth and allows us to investigate group-specific time-varying impacts. Then, we use a panel data analysis to explore the potential drivers affecting these heterogeneous links’ time-varying magnitude. Our results suggest that the negative impact of public debt on economic growth is moderated by the quality of a country’s institutions and the proportion of productive expenditure but intensified by indebtedness and the maturity of the debt.
Matèries (anglès)
Citació
Col·leccions
Citació
GÓMEZ-PUIG, Marta, SOSVILLA RIVERO, Simón. Assessing heterogeneous time-varying impacts in the debt-growth nexus. _Applied Economics_. 2025. Vol. 57, núm. 10, pàgs. 1105-1123. [consulta: 20 de gener de 2026]. ISSN: 0003-6846. [Disponible a: https://hdl.handle.net/2445/220183]