Public Debt and Economic Growth: New Evidence of the Non-Linearity

2016 ◽  
Author(s):  
Constant Fouopi Djiogap
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
New Evidence

scholarly journals Is Public Debt Harmful Towards Economic Growth? New Evidence from Sri Lanka

Staff Studies ◽  
2019 ◽  
Vol 49 (1) ◽  
pp. 51
Author(s):  
Thilak Ranjeewa Priyadarshana
Keyword(s):  
Economic Growth ◽  
Sri Lanka ◽  
Public Debt ◽  
New Evidence

scholarly journals Is public debt harmful towards economic growth? New evidence from South Africa

2019 ◽  
Vol 7 (1) ◽  
pp. 1603653 ◽  
Author(s):  
N. Mhlaba ◽  
A. Phiri ◽  
Christian Nsiah
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Public Debt ◽  
New Evidence

How Does Public Debt Affect the Indian Macroeconomy? A Structural VAR Approach

2020 ◽  
Vol 14 (3) ◽  
pp. 253-284
Author(s):  
Ranjan Kumar Mohanty ◽  
Sidheswar Panda
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Public Debt ◽  
Positive Impact ◽  
Decomposition Analysis ◽  
Structural Var ◽  
Adverse Impact ◽  
Mixed Effect ◽  
Domestic Debt ◽  
The Impact

The study investigates the macroeconomic effects of public debt in India during 1980–2017 using a structural vector autoregression framework. The objective is to examine the impact of public debt on the interest rate, investment, inflation and economic growth in India. The results of the impulse response functions show that public debt has an adverse impact on economic growth but a positive impact on the long-term interest rate in the short run and a mixed effect (both negative and positive) on investment and inflation. We also find that domestic debt has a more adverse impact on the economy than external debt. The estimated variance decomposition analysis finds that much of the variation in selected macro variables are explained by public debt and growth in India. This study suggests that public debt especially domestic debt should be controlled and channelled productively to have a favourable impact on the economy. JEL Classification: H63, O40, C40

scholarly journals Financial development and economic growth: New evidence from panel data

2011 ◽  
Vol 51 (1) ◽  
pp. 88-104 ◽  
Author(s):  
M. Kabir Hassan ◽  
Benito Sanchez ◽  
Jung-Suk Yu
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Financial Development ◽  
New Evidence
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