Romero, Alfredo A.; Burkey, Mark L. - In: The Review of Regional Studies 41 (2011) 1, pp. 49-63
The debt overhang hypothesis suggests that high debt levels retard prospects for GDP growth. We investigate the impact that debt overhang has had on recent GDP growth in the Eurozone, paying particular attention to the spillover effects that debt has on neighboring countries. We argue that in...