Although the recent global financial crisis has stimulated a vast amount of research on the impact of public debt on economic growth and also increasingly on the role of private credit, the total levels of indebtedness of an economy have largely been ignored. This paper studies the impact of the...

This paper exploits a panel dataset for 26 EU countries, between 1995 and 2015, to examine the extent to which increased levels of public debt have led to reduced public investment, the so-called ‘debt overhang' hypothesis. To address endogeneity concerns, we use an instrumental variable...

Governments around the world have identified the advancement of electronic invoicing in private sector companies as a crucial policy measure for tackling administrative burdens. This paper examines, for the first time, the total overall cost of invoicing for private sector companies in Belgium...