Título:
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Public debt and economic growth: Further evidence for the euro area
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Autores:
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Gómez-Puig, Marta ;
Sosvilla-Rivero, Simón
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Tipo de documento:
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texto impreso
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Editorial:
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Instituto Complutense de Estudios Internacionales, 2017
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Dimensiones:
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application/pdf
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Nota general:
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cc_by_nc
info:eu-repo/semantics/openAccess
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Idiomas:
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Palabras clave:
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Estado = Publicado
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Materia = Ciencias Sociales: Economía: Economía pública
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Materia = Ciencias Sociales: Economía: Hacienda Pública
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Tipo = Documento de trabajo o Informe técnico
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Resumen:
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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.
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En línea:
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https://eprints.ucm.es/45012/1/WP09-17.pdf
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