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The Debt-Growth Nexus in Poor Countries : A Reassessment

Presbitero, Andrea Filippo - 2011

The paper investigates the relationship between external debt and economic growth, focusing on the role played by the policy and institutional framework. Results for a panel of 114 developing countries show that the debt-growth nexus depends on institutions and policies. The Debt-Laffer curve...

Persistent link: https://www.econbiz.de/10013132135

The Debt-Growth Nexus in Poor Countries : A Reassessment

Presbitero, Andrea Filippo - 2011

This paper investigates the relationship between external indebtedness and economic growth, with a particular attention to LICs, for which the theoretical arguments of debt overhang and liquidity constraint have to be reconsidered. The estimation of a growth model, with a panel of 121 developing...

Persistent link: https://www.econbiz.de/10013132434

Does Sovereign Debt Weaken Economic Growth? A Panel VAR Analysis

Lof, Matthijs - 2014

We estimate panel vector autoregressions to analyze the highly disputed relationship between sovereign debt and economic growth. Using data on 20 developed countries, we find no evidence for a robust effect of debt on growth, even for higher levels of debt. We do find a significant negative...

Persistent link: https://www.econbiz.de/10013050542

Government Debt and Economic Growth : Estimating the Debt Thresholds and Debt Intolerance

Swamy, Vighneswara - 2015

The surge of government debt during the post-global financial crisis and the ongoing euro zone sovereign debt crisis has begun raising concerns whether government debt levels have hit the tipping points. This study offers to contribute in the following ways: First, we find out whether the...

Persistent link: https://www.econbiz.de/10013024298

Can debt monetisation be helpful for Chinaís post-Covid recovery? : some empirical evidence

Cao, Ziyi; Ou, Zhirong - 2021 - First draft: October 2020

A measure of the degree of debt monetisation is constructed for its impact on the business cycle to be studied in a standard VAR model. Debt monetisation is hardly expansionary, as it raises public demand that crowds out almost as much demand from the private sector. However, it generates...

Persistent link: https://www.econbiz.de/10012483860

Threshold Effects in the Debt-Growth Relationship

Nissah, Baseerit - 2019

Following the 1980s debt crisis a consensus has emerged that there is a debt threshold in the debt-growth relationship. This paper estimates the debt threshold empirically using endogenous threshold model proposed by Hansen (1996, 2000) and several other modelling strategies to check the...

Persistent link: https://www.econbiz.de/10012862816

The Debt-Growth Nexus : A Dynamic Panel Data Estimation

Presbitero, Andrea Filippo - 2007

This paper investigates the relationship between external debt and economic growth in poor countries. The adverse effects of external debt on economic performance are due to the crowding out of public investment and to the disincentive effects, because of debt overhang and uncertainty....

Persistent link: https://www.econbiz.de/10014062830

Debt and economic growth : does size matter? : evidence from dynamic parametric and static non-parametric approaches

Reyes-Tagle, Gerardo; Muñoz, Jorge - 2023

This paper provides new evidence on the effect of debt on economic growth through two alternative methodological approaches. On the one hand, by using a panel error correction model with a sample of 130 countries between 1980 and 2020, we found evidence of the existence of a range of debt-to-GDP...

Persistent link: https://www.econbiz.de/10014461312

The effects of external debt and foreign direct investment on economic growth in Nigeria

Akinola, Gbenga Wilfred; Ohonba, Abieyuwa - In: Economies : open access journal 12 (2024) 6, pp. 1-23

, external debt servicing, and economic growth in Nigeria; (ii) investigated how foreign direct investment and external debt … impact Nigeria's economic growth; and (iii) analyzed the direction of causality among the three macroeconomic variables … estimating techniques. The results showed that from 2011 to 2022, Nigeria's FDI continued to decline, Nigeria's external debt …

Persistent link: https://www.econbiz.de/10014636058

Evidence of debt overhang and economic growth : implications for African development

Amponsah, William A.; Kasibhatla, Krishna Moorti - In: Back on track : sector-led growth in Africa and …, (pp. 153-165). 2010

Persistent link: https://www.econbiz.de/10003995953

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