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This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We …-run growth is thus an empirical question. While many papers have found a negative correlation between debt and growth, our … debt to economic growth. We also find that the presence of thresholds and, more in general, of a non-monotone relationship …
Persistent link: https://www.econbiz.de/10010722010
This paper uses an instrumental variable approach to study whether public debt has a causal effect on economic growth … correlation between debt and growth. However, the link between debt and growth disappears once we instrument debt with a variable …
Persistent link: https://www.econbiz.de/10010610091
This paper uses an instrumental variable approach to study whether public debt has a causal effect on economic growth … correlation between debt and growth. However, the link between debt and growth disappears once we instrument debt with a variable …
Persistent link: https://www.econbiz.de/10010895530
This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We …-run growth is thus an empirical question. While many papers have found a negative correlation between debt and growth, our … debt to economic growth. We also find that the presence of thresholds and, more in general, of a non-monotone relationship …
Persistent link: https://www.econbiz.de/10010878442
This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We …-run growth is thus an empirical question. While many papers have found a negative correlation between debt and growth, our … debt to economic growth. We also find that the presence of thresholds and, more in general, of a non-monotone relationship …
Persistent link: https://www.econbiz.de/10011933305
This paper uses an instrumental variable approach to study whether public debt has a causal effect on economic growth … correlation between debt and growth. However, the link between debt and growth disappears once we correct for endogeneity. We … growth is important in the light of the fact that the negative correlation between debt and growth is sometimes used to …
Persistent link: https://www.econbiz.de/10010907066
This paper surveys the recent literature on sovereign debt and relates it to the evolution of the legal principles underlying the sovereign debt market and the experience of the most recent debt crises and defaults. It finds limited support for theories that explain the feasibility of sovereign...
Persistent link: https://www.econbiz.de/10008622115
education gender gap of Muslims is different from that of Christians. In particular, the paper uses data for young Lebanese and … shows that, other things equal, girls (both Muslim and Christian) tend to receive more education than boys and that there is … no difference between the education gender gap of Muslims and Christians. Therefore, the paper finds no support for the …
Persistent link: https://www.econbiz.de/10005077152
over the deficit episode and its aftermath, growth is slower than when countries rely on domestic savings. The paper … concludes that financing growth and investment out of foreign savings, while not impossible, is risky. …
Persistent link: https://www.econbiz.de/10011535790
conclude that financing growth and investment out of foreign savings, while not impossible, is risky. …
Persistent link: https://www.econbiz.de/10011621557