Public Debt, Economic Growth and Politics

Can a country with serious problems of public debt increase its economic growth rate and thus stabilize or reduce its debt? In this research paper, the following hypothesis is proposed: countries cannot grow when affected by severe debt, whereby their debt will inexorably in-crease and become a perm...

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Detalles Bibliográficos
Autores: Álvarez Texocotitla, Miguel, Álvarez Hernández, Miguel David, Álvarez Hernández, Shaní
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2017
País:México
Institución:UNIVERSIDAD AUTÓNOMA METROPOLITANA
Repositorio:Polis: Investigación y Análisis Sociopolítico y Psicosocial
Idioma:español
OAI Identifier:oai:polis.www.revistas-conacyt.unam.mx:article/606
Acceso en línea:https://polismexico.izt.uam.mx/index.php/rp/article/view/606
Access Level:acceso abierto
Palabra clave:Public Debt, Economic Growth, Politic Institutions. JEL classification: H63, N10, O43.
Deuda Pública, crecimiento económico, instituciones políticas. Clasificación JEL: H63, N10, O43.
Descripción
Sumario:Can a country with serious problems of public debt increase its economic growth rate and thus stabilize or reduce its debt? In this research paper, the following hypothesis is proposed: countries cannot grow when affected by severe debt, whereby their debt will inexorably in-crease and become a permanent financial restriction that hinders economic growth. Under these conditions, indebtedness becomes a problem that demands a political solution in order to eradicate the financial restriction. Consequently, the purpose of this investigation is to offer arguments and statistical data to support the research hypothesis.