Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/7410
Título: The Role of Government Debt in Economic Growth
Autor: Afonso, António
Alves, José
Palavras-chave: government debt
economic growth
debt thresholds
Data: 2014
Editora: ISEG – Departamento de Economia
Citação: Afonso, António, José Alves (2014). "The Role of Government Debt in Economic Growth". Instituto Superior de Economia e Gestão - DE Working papers nº 16/2014/DE/UECE
Relatório da Série N.º: DE Working papers;nº 16/2014/DE/UECE
Resumo: We study the effect of public debt on economic growth for annual and 5-year average growth rates, as well as the existence of non-linearity effects of debt on growth for 14 European countries from 1970 until 2012. We also consider debt-to-GDP ratio interactions with monetary, public finance, institutional and macroeconomic variables. Our results show a negative impact of -0.01% for each 1% increment of public debt, although debt service has a 10 times worse effect on growth. In addition, we find average debt ratio thresholds of around 75%. Belonging to the Eurozone has a detrimental effect of at least -0.5% for real per capita GDP, and the banking crisis is the most harmful crisis for growth.
URI: http://hdl.handle.net/10400.5/7410
ISSN: 2183-1815
Versão do Editor: https://aquila1.iseg.ulisboa.pt/aquila/getFile.do?method=getFile&fileId=509491&_request_checksum_=0858589fbfd82461e8d217f42c06b2ff64181cec
Aparece nas colecções:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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