Consequently, uncertainty rises and additionally fiscal flexibility for productive government spending is reduced with negative effects on growth (Teles and
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[PDF] Government Debt and Economic Growth - Publications - Inter
Government debt and economic growth / César Calderón, J Rodrigo Fuentes p cm and fiscal policies that led to a sharp increase in the sovereign debt of
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Consequently, uncertainty rises and additionally fiscal flexibility for productive government spending is reduced with negative effects on growth (Teles and
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This paper investigates the average relationship between the government debt-to -GDP ratio and the per-capita GDP growth rate in a sample of 12 euro area
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The institutional variable selected shows the expected sign suggesting that countries with democratic governments exhibit higher growth rates Keywords: Debt,
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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
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The relevance of government debt for economic growth has become crucial, particularly in a context where policy makers have to face increasing fiscal imbalances
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This paper investigates the average impact of government debt on GDP growth in the Euro area countries using data from the period 1981-2014 The empirical
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In this situation, national savings will decrease and total investment will fall; this will have a negative effect on GDP as it will reduce capital stock, increase interest
Public Debt and Economic Growth in Advanced Economies: A Surveya
According to Elmendorf and Mankiw's (1999) back-of-the-envelope cal- culations, each additional dollar of government debt reduces steady-state gross output by
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