Showing 1 - 10 of 3,411
In this work we examine how economic growth affects public debt when interacted with reelection prospects. Reelection … considerations shorten political time horizons and give rise to political myopia that exacerbates debt accumulation. That laxer … approximately $312 in the real per capita public debt of states with laxer institutional reelection restrictions …
Persistent link: https://www.econbiz.de/10012854312
show that growth is higher if the debt to GDP ratio is below 60 % compared to values above it. Moreover, a comparison with …
Persistent link: https://www.econbiz.de/10011557773
The purpose of the study is to test for debt sustainability as well as assess the impact of public debt on economic … suggested by Bohn (1998) to test for the sustainability of Ghana's debt. The neoclassical growth model was used to determine the … relationship between debt and economic growth after controlling for other determinants of growth such as labour, capital, trade …
Persistent link: https://www.econbiz.de/10013348432
system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …
Persistent link: https://www.econbiz.de/10005590924
Chinese local government debt on economic growth from theoretical and empirical aspects, respectively, and compares the … constructs a three-sector dynamic game model, under the two circumstances of whether local government is subject to debt … constraints, and examines the relation between local government debt and economic growth and other variables through numerical …
Persistent link: https://www.econbiz.de/10012236408
Debt is a fundamental component of modern economic systems. It serves as a source of financing for government, business …, and individual projects. Many earlier studies concentrated on the direct relationship between debt and economic … performance using different econometric methodologies. This work investigates the effect of debt on production efficiency …
Persistent link: https://www.econbiz.de/10014636204
This article provides empirical evidence on the effect of fiscal consolidation in decentralized countries. The focus on Spain is justified for three reasons. First, it is one of the OECD countries that has been the most affected by the Great Recession in terms of both GDP and public deficit....
Persistent link: https://www.econbiz.de/10012001810
This article brings empirical evidence on the effect of fiscal consolidation in decentralized countries. The focus on Spain is justified by three reasons. First, it is one of the OECD countries most affected by the Great recession in terms of both GDP and public deficit. Second, Spain is one of...
Persistent link: https://www.econbiz.de/10012110762
Persistent link: https://www.econbiz.de/10012793557
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different …
Persistent link: https://www.econbiz.de/10012252029