Does Sovereign Debt Weaken Economic Growth? A Panel VAR Analysis

We estimate panel vector autoregressions to analyze the highly disputed relationship between sovereign debt and economic growth. Using data on 20 developed countries, we find no evidence for a robust effect of debt on growth, even for higher levels of debt. We do find a significant negative reverse effect of growth on debt, which explains the negative correlation

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Year of publication:	2014
Authors:	Lof, Matthijs
Other Persons:	Malinen, Tuomas (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Wirtschaftswachstum \| Economic growth \| VAR-Modell \| VAR model \| Öffentliche Schulden \| Public debt \| Schätzung \| Estimation \| Welt \| World \| Panel \| Panel study \| Internationale Staatsschulden \| International sovereign debt

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Extent:	1 Online-Ressource (12 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Vol. 122, No. 3, 2014 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 2013 erstellt
Classification:	H63 - Debt; Debt Management ; O43 - Institutions and Growth ; C33 - Models with Panel Data
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013050542