Mencinger, Jernej; Aristovnik, Aleksander; Verbic, Miroslav - In: Amfiteatru Economic Journal 16 (2014) 35, pp. 403-414
The paper attempts to empirically explore the transmission mechanism regarding the short-term impact of public debt and … of public debt ratios on annual GDP per capita growth rates. Further, the calculated debt-to-GDP turning point, where the … positive effect of accumulated public debt inverts into a negative effect, is roughly between 80% and 94% for the ‘old’ member …