Panizza, Ugo; Presbitero, Andrea F. - In: Swiss Journal of Economics and Statistics (SJES) 149 (2013) II, pp. 175-204
This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We … find that theoretical models yield ambiguous results. Whether high levels of public debt have a negative effect on long … discussion of the challenges involved in measuring and defining public debt and some suggestions for future research which, in …