warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone’s specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …

affected growth of European Union countries. A growth equation augmented with fiscal variables and controlling for the period …. Empirical results show that growth of real GDP per capita in the EU was not negatively affected in the period after Maastricht … performance of other developed countries. Results even show that growth is slightly higher in the period in which the fulfilment …

debt and economic growth and adds to the existing literature in the following ways. First, we extend the threshold panel … methodology by Hansen (1999) to a dynamic setting in order to analyse the nonlinear impact of public debt on GDP growth. Second … sustainability in the euro area. Our empirical results suggest that the shortrun impact of debt on GDP growth is positive and highly …

on economic growth changes across euro area countries during the 1961-2015 period. In contrast with previous studies, we … do not use panel estimation techniques, but implement a time-series analysis for each country based on the growth … growth well before the SGP debt ceiling (a debt ratio of around 40% and 50% in central and peripheral countries, respectively …

This paper empirically investigates the short and long-run impact of public debt on economic growth. We use annual data …

economic growth of eleven Central and Eastern European (CEE or EU11) countries, including their real convergence to the … selected macroeconomic variables related to the EU enlargement on economic growth of the CEE countries is examined with the use … direct investment) turned out to be important drivers of GDP growth. …