Megersa, Kelbesa Abdisa - In: Journal of Economic Studies 42 (2015) 5, pp. 878-892
Purpose – The study of the link between debt and growth has been full of debates, both in theory and empirics. However, there is a growing consensus that the relationship is sensitive to the level of debt. The purpose of this paper is to address the question of non-linearity in the long-term...