On the time-varying nature of the debt-growth nexus: evidence from the euro area
This article uses the DCC-generalized autoregressive conditional heteroskedasticity model to investigate the existence of time-varying correlations between public debt and economic growth. To that end, we use annual data from both central and peripheral countries of the euro area for the period 1961...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2018 |
| País: | España |
| Institución: | Universidad Complutense de Madrid (UCM) |
| Repositorio: | Docta Complutense |
| Idioma: | inglés |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/19015 |
| Acceso en línea: | https://hdl.handle.net/20.500.14352/19015 |
| Access Level: | acceso abierto |
| Palabra clave: | C22 F33 H63 O40 O52 Public debt Economic growth Time-varying approach DCC Euro area Desarrollo económico Econometría (Economía) Economía internacional Economía pública 5307.03 Modelos y Teorías del desarrollo Económico 5307.04 Estudios del desarrollo Económico 5302 Econometría 5310 Economía Internacional |
| Sumario: | This article uses the DCC-generalized autoregressive conditional heteroskedasticity model to investigate the existence of time-varying correlations between public debt and economic growth. To that end, we use annual data from both central and peripheral countries of the euro area for the period 1961–2015. The results suggest that the relationships between these variables are time-varying and that in some countries and for some periods, there is a positive association between them. |
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