Drakes, Lisa; Thomas, Chrystol; Craigwell, Roland; … - International Monetary Fund (IMF) - 2012
This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main …, increases in the debt-to-GDP ratio are associated with faster economic growth. However, as debt rises beyond 30 percent, the … effects on economic growth diminishes rapidly and at debt levels reaching 55-56 percent of GDP, the growth impacts switch from …