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Government debt influence on EU countries economic growth : importance of matching Maastricht criterion

Butkus, Mindaugas; Matuzevičiūtė, Kristina - In: Economic and environmental studies : a journal for … 16 (2016) 1, pp. 115-129

The paper aims to analyse the impact of government debt on the country’s economic growth. Beginning of the economic crisis in 2007 and rapid growth of government debt has attracted interest in this topic. Government debt-to-GDP ratio in the EU has increased from 58.7 to 86.8 percent from 2007...

Persistent link: https://www.econbiz.de/10011537643

Sustainable Debt Policy Rules and Growth in a Small Open Economy Model : Is a Balanced Government Budget Worthwhile?

Dascher, Fabienne Lara - 2020

economic growth theory. For the government it is possible to run into debt, but, the primary surpulus is a positive linear …

Persistent link: https://www.econbiz.de/10012843238

The U.S. Public Debt Crisis : A Catalyst for Fiscal Reform and Economic Growth

Dodwell, William J. - 2011

The financial crisis and the ensuing Great Recession created unprecedented federal budget deficits in recent years. In fact, these events, combined with subsequent slow growth and two continuing unfunded wars, have resulted in a national debt that is out of control by all meaningful measures....

Persistent link: https://www.econbiz.de/10013120084

Efficient Energy Investment and Fiscal Adjustment in Senegal

Issoufou, Salifou - 2014

Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one...

Persistent link: https://www.econbiz.de/10013055672

A Golden Rule of Public Finance or a Fixed Deficit Regime? Growth and Welfare Effects of Budget Rules

Groneck, Max - 2011

In this paper, we compare growth and welfare effects of various budget rules within an endogenous growth model with productive public capital, utility enhancing public consumption and public debt. We find that a fixed deficit regime does not affect the long run growth rate compared to a balanced...

Persistent link: https://www.econbiz.de/10012714026

Human Capital Formation and Public Debt : Growth and Welfare Effects of Three Different Deficit Policies

Greiner, Alfred - 2015

In this paper we analyze an endogeneous growth model with human capital that results from public educational spending. We allow for public debt and analyze three different debt policies: a balanced government budget, a slight deficit policy where debt grows but less than GDP, and a strong...

Persistent link: https://www.econbiz.de/10013022790

The Deficit Gamble

Ball, Laurence M.; Elmendorf, Douglas W.; Mankiw, … - 1998

The historical behavior of interest rates and growth rates in U.S. data suggests that the government can, with a high probability, run temporary budget deficits and then roll over the resulting government debt forever. The purpose of this paper is to document this finding and to examine its...

Persistent link: https://www.econbiz.de/10014220648

Growth effect of public debt : the role of government effectiveness and trade balance

Butkus, Mindaugas; Seputiene, Janina - In: Economies : open access journal 6 (2018) 4/62, pp. 1-27

A growing number of recent works support the idea of debt threshold level (turning point), above which debt starts reducing economic growth. However, estimated threshold varies sharply across studies and gives a little insight into what the optimal level of debt is. The point is that there is no...

Persistent link: https://www.econbiz.de/10011956426

Public debt in the "new normal" : a Schumpeterian perspective on fiscal policy

Bofinger, Peter - 2022

's growth theory shows that credit-financed investment, which leads to an innovative use of existing resources, plays a decisive … neoclassical theory, which assigns the state merely the role of a capital destroyer. But it also offers a broader perspective than … that of monetary Keynesian theory, including MMT, in which government debt is seen to serve only to produce full employment …

Persistent link: https://www.econbiz.de/10013466735

Public debt and economic growth : economic systems matter

Ahlborn, Markus; Schweickert, Rainer - 2015

Most studies on the relationship between public debt and economic growth implicity assume homegenous debt effects across their samples. We - in accordance with recent literature - challenge this view and state that there likely is a great deal of cross-country heterogeneity in that relationship....

Persistent link: https://www.econbiz.de/10011392862