Is There a Debt-threshold Effect on Output Growth?

Is There a Debt-threshold Effect on Output Growth?
This paper studies the long-run impact of public debt expansion on economic growth and investigateswhether the debt-growth relation varies with the level of indebtedness. Our contribution is boththeoretical and empirical. On the theoretical side, we develop tests for threshold effects in the contextof dynamic heterogeneous panel data models with... READ MORE...

Publication date: September 2015
ISBN 9781513513355
$18.00

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