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We estimate panel vector autoregressions to analyze the highly disputed relationship between sovereign debt and …
Persistent link: https://www.econbiz.de/10013050542
Why do almost all sovereign nations list their international bonds on stock exchanges? We examine several hypotheses for what drives sovereigns to list and where. In particular, we test the often invoked “bonding hypothesis,” which posits that exchanges perform a certification and monitoring...
Persistent link: https://www.econbiz.de/10012935387
In this paper we examine the relationship between public debt and economic growth in a large historical panel dataset …
Persistent link: https://www.econbiz.de/10012162622
their changes over time, both at the eurozone-level and at country-level. Then we employ fixed effects panel regression to …
Persistent link: https://www.econbiz.de/10014318632
Public debt in the OECD area passed annual GDP in 2011 and is still rising. For many countries, just stabilising debt - let alone bringing it down to a more sustainable level - is a major challenge. The debt overhangs can affect growth through channels such as raising the cost of capital. The...
Persistent link: https://www.econbiz.de/10013111470
Africa, abundant in natural resources, faces growth challenges due to widespread energy poverty and heightened biofuel use with severe environmental impacts. Recognizing the connection between energy consumption and climate change is crucial for implementing sustainable solutions and...
Persistent link: https://www.econbiz.de/10015054128
According to the IMF, the current public debt makes up nearly 40 percent of the global debt, marking the highest share since the mid-1960s. Despite the vast research on alarming levels of sovereign default, the literature remains inconclusive. This paper investigates macroeconomic, financial,...
Persistent link: https://www.econbiz.de/10014636157
Persistent link: https://www.econbiz.de/10012163776
In this present paper, we examine the relationship between public debt and economic growth in a large historical panel …Im vorliegenden Papier wird der Zusammenhang zwischen der Staatsverschuldung und dem Wirtschaftswachstum für 17 OECD …, welche einen linearen als auch nichtlinearem Zusammenhang zwischen der Staatsverschuldung und dem Wirtschaftswachstum testen …
Persistent link: https://www.econbiz.de/10012221286
income classification and global) using time series data from 1960 to 2008. Three panel unit root tests results support that … both the variables are integrated of order 1 for all panels except low income panel. Only the variable economic growth is … integrated of order 1 for low income panel. The Kao and Johansen Fisher panel conintegration tests results support that both the …
Persistent link: https://www.econbiz.de/10009690044