Panizza, Ugo; Presbitero, Andrea F. - In: Swiss Journal of Economics and Statistics (SJES) 149 (2013) II, pp. 175-204
This paper surveys the recent literature on the links between public debt and economic growth in advanced economies. We …-run growth is thus an empirical question. While many papers have found a negative correlation between debt and growth, our … debt to economic growth. We also find that the presence of thresholds and, more in general, of a non-monotone relationship …