New empirical evidence on the impact of public debt on economic growth in EMU countries
New empirical evidence is presented on the impact of public debt on economic growth. To that end, we employ the Autoregressive Distributed Lag (ARDL) bounds testing approach using annual data from both central and peripheral countries of the European Economic and Monetary Union (EMU) for the 1961 -2...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2019 |
| País: | España |
| Institución: | Universidad de Huelva (UHU) |
| Repositorio: | Arias Montano. Repositorio Institucional de la Universidad de Huelva |
| Idioma: | inglés |
| OAI Identifier: | oai:ariasmontano.uhu.es:10272/16504 |
| Acceso en línea: | http://hdl.handle.net/10272/16504 |
| Access Level: | acceso abierto |
| Palabra clave: | Public Debt Economic Growth Bounds Testin European Economic and Monetary Union Peripheral Emu Countries Central Emu Countries Países centrales de la UEM Deuda pública Países periféricos de la UEM Crecimiento económico Pruebas de límites Unión Económica y Monetaria Europea |
| Sumario: | New empirical evidence is presented on the impact of public debt on economic growth. To that end, we employ the Autoregressive Distributed Lag (ARDL) bounds testing approach using annual data from both central and peripheral countries of the European Economic and Monetary Union (EMU) for the 1961 -2015 period. In particular, we allow for different endogenously (da- ta-based) regimes in the parameter relating the public debt variable to the real growth rate. Our results suggest that the impact of public debt on economic growth not only changes across EMU countries, but also over time |
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