This article aims to expand existing empirical knowledge on the impact of debt level on profitability of companies. We … 2006. By using the generalized method of moments (GMM), we show that the debt affects negatively the profitability, not … small and medium-sized enterprises (SME). -- Debt ; GMM ; Panel data ; Profitability …

Hungary has had a remarkably high public debt throughout the transition, and it has continued to increase during recent … years, exceeding 80% of the GDP. Its debt and fiscal deficit were the highest among the Visegrád countries during the … transition. One factor triggering the debt increase may be elections-related fiscal policies. By analyzing quarterly data for …

necessary. The debt reduction rule forces highly indebted euro countries to reduce their debt too quickly and too damagingly for … weakened. The following reform steps are recommended: The 60 per cent of GDP threshold for government debt should be maintained …, but it should be possible to stretch the debt reduction rule beyond the 20-year horizon if there is an unavoidable need …

associated with the government debt/GDP ratio, the short-term Treasury bill rate, the expected inflation rate, the US 10 year … government bond yield and a dummy variable representing the debt crisis and negatively affected by the GDP growth rate and the …

Conventional wisdom suggests that the European debt crisis, which has thus far led to severe adjustment programs … policies - or, more specifically, "beggar thy neighbor" policies - at the expense of mounting disequilibria and debt …

Mainstream economic research regards private debt as a determinant of GDP growth in the longrun. Levine (2005) surveys … in details this branch of literature and explains the channels by which debt fuels growth. In this paper we switch the … focus from the long to the short-run and study whether private debt has a significant impact on GDP growth in the short …

between the primary budget surplus and the debt-to-GDP ratio. Focusing on a sample of 11 Euro-area countries between 1999Q1 …, France, Germany and Netherlands and a Ricardian (monetary dominant) regime might have been present; ii) debt exhibited a …

This paper contributes to the literature by examining the possible influence of public debt on economic performance …. To this end, a simple aggregate production function augmented for public debt is estimated using the ARDL bounds testing … approach. Our findings tend to support the view that the level of public debt always has a negative impact on the long …