Chang, Tsangyao; Chiang, Gengnan - In: Journal for Economic Forecasting (2012) 2, pp. 24-37
We revisit how the government debt ratio and real GDP growth relationship varies with indebted levels and two … threshold value of 97.82%, which divides our sample into two regimes. The mean of the real GDP growth rates in the left regime … real GDP growth in both left and right regimes are consistent with the stimulus view (Eisner, 1992). Neither “debt overhang …