Han, Bada; Ahmed, Rashad; Jinjarak, Yothin; Aizenman, Joshua - 2023
This paper reviews the patterns of sectoral debts and growth and the mechanisms explaining the adverse effects of debt …,000 (purchasing power parity-adjusted in 2017 international dollar), the coefficients of all types of sectoral debts are negative and … significant at least at the 5% level. For developing economies at higher income levels, household debts matter more than other …