The growth prospects of a nation are stymied by the burden of government debt. This study has two goals: first, it … tests whether public debt hinders growth; and, second, it explores whether economic policy ameliorates this effect. A large … panel data of countries for 1970-2010 reveal a negative and robust effect of public debt on growth. Strong institutions …

This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate … condition for the GDP growth rate (i.e. the GDP growth rate has to be lower than the real interest rate). First, on the … than the GDP growth, it corresponds to 75% of the cases of the increases of the debt/GDP ratio but to only 43% of the cases …

At moderate levels, debt improves welfare and enhances growth. But high levels can be damaging. When does debt go from … is a drag on growth. For government debt, the threshold is around 85% of GDP. The immediate implication is that countries … becomes a drag on growth. And for household debt, we report a threshold around 85% of GDP, although the impact is very …

In the present paper it is pointed out that government debt is an obstacle to economic growth. To my belief, the remedy …

activities, that in turn hinders economic growth. Panel data analysis will be used for the period 1990 – 2006 and data will be …

The growth considerations ... …