Public debt in developing Asia: a help or hindrance to growth?

Public debt in developing Asia: a help or hindrance to growth?

We study the effects of public debt on economic growth using a panel of 25 Asian countries from 1970 to 2015. Using a collection of panel data models, we find weak evidence in favour of a negative relationship. Our estimates imply that a 10% increase in debt predicts declines in growth rates ranging...

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Veröffentlicht in:Applied economics letters 2020-10, Vol.27 (17), p.1400-1403
Hauptverfasser: Gunarsa, Singgih, Makin, Tony, Rohde, Nicholas
Format: Artikel
Sprache:eng
Schlagworte:
Developing Asia
Economic analysis
Economic growth
Economic theory
Economics
Longitudinal studies
Panel data
public debt
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Zusammenfassung:We study the effects of public debt on economic growth using a panel of 25 Asian countries from 1970 to 2015. Using a collection of panel data models, we find weak evidence in favour of a negative relationship. Our estimates imply that a 10% increase in debt predicts declines in growth rates ranging from 0.2% to 0.4%.
ISSN:1350-4851
1466-4291
DOI:10.1080/13504851.2019.1683147