Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/7420
Título: Debt and economic growth in the European Union : what causes what?
Autor: Ferreira, Cândida
Data: 2014
Editora: ISEG – Departamento de Economia
Citação: Ferreira, Cândida (2014). "Debt and economic growth in the European Union : what causes what?". Instituto Superior de Economia e Gestão - DE Working papers nº 8/2014/DE/UECE
Relatório da Série N.º: DE Working papers;nº 8/2014/DE/UECE
Resumo: This paper contributes to the empirical investigation of the causality relations between real GDP growth and the growth of three debt categories, namely public, foreign and private debt, in the universe of the 28 European Union countries during the past decade. By using panel Granger causality estimations, we find nonstatistically significant causality between foreign debt and economic growth and the limited importance of the causality between private debt and real GDP growth. On the contrary, the results obtained show statistically relevant bidirectional causality relations between public debt and economic growth, and this is true before and after the outbreak of the recent financial crisis. Moreover, there is clear evidence of economic growth’s contribution to the decrease in public debt.
URI: http://hdl.handle.net/10400.5/7420
ISSN: 2183-1815
Versão do Editor: https://aquila5.iseg.ulisboa.pt/aquila/getFile.do?method=getFile&fileId=485720&_request_checksum_=0e9258e29823b06ab7966f2f9d08bbe74a12cb53
Aparece nas colecções:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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