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debt threshold within EU countries, neither for the private nor for the public sector, but some indication of a non …We study the relationship between debt and growth in EU countries in the years 1995-2015. We investigate the debt …-growth nexus in two alternative empirical set-ups: the traditional cross-county panel regressions and mean group estimations. We …
Persistent link: https://www.econbiz.de/10011764407
debt threshold within EU countries, neither for the private nor for the public sector, but some indication of a non …We study the relationship between debt and growth in EU countries in the years 1995-2015. We investigate the debt …-growth nexus in two alternative empirical set-ups: the traditional cross-county panel regressions and mean group estimations. We …
Persistent link: https://www.econbiz.de/10012940877
regression model with a quadratic specification was used to test threshold effect of debt. The results reveal there are evidences … unfavorable. The results further reveals that there is a threshold effect of debt such that it is beneficial to economic growth of … Ethiopia when it is well below 66.75% of GDP or 36.27% of GNI. Above these threshold levels, debt incurred deteriorates …
Persistent link: https://www.econbiz.de/10014503143
develop tests for threshold effects in the context of dynamic heterogeneous panel data models with cross-sectionally dependent … for a universally applicable threshold effect in the relationship between public debt and economic growth, once we account …This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt …
Persistent link: https://www.econbiz.de/10011292965
effects so long as debt to GDP is brought back to its normal level. We do not find a universally applicable threshold effect … in the relationship between public debt and growth. We only find statistically significant threshold effects in the case …This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both …
Persistent link: https://www.econbiz.de/10010212372
The aim of this paper is to analyze the sustainability of public debt in Italy during the last 150 years (1861-2010) by … employing a database containing several statistical novelties: new time series estimates of public debt and GDP (respectively … analyzed include public debt, primary and total deficits, nominal and real GDP rates of growth. Long-term analysis of new …
Persistent link: https://www.econbiz.de/10010292801
Business-cycle adjustment is mostly determined via filter methods, especially the HP filter, or, e.g. within the EU fiscal rules, by a production function approach. James Hamilton put big doubt on the quality of the HP filter estimates, and proposed an alternative regression approach to...
Persistent link: https://www.econbiz.de/10014327018
The recent fears of a sovereign debt crisis have spurred interest in the sustainability of public debt. There are two … the time series approach (Trehan and Walsh, 1988). In this paper we analyze the sustainability of public debt in Italy … containing several statistical novelties: new time series estimates of public debt and GDP (respectively Banca d'Italia, 2008 and …
Persistent link: https://www.econbiz.de/10010281948
The recent fears of a sovereign debt crisis have spurred interest in the sustainability of public debt. There are two … the time series approach (Trehan and Walsh, 1988). In this paper we analyze the sustainability of public debt in Italy … containing several statistical novelties: new time series estimates of public debt and GDP (respectively Banca d'Italia, 2008 and …
Persistent link: https://www.econbiz.de/10009535101
The aim of this paper is to analyze the sustainability of public debt in Italy during the last 150 years (1861-2010) by … employing a database containing several statistical novelties: new time series estimates of public debt and GDP (respectively … analyzed include public debt, primary and total deficits, nominal and real GDP rates of growth. Long-term analysis of new …
Persistent link: https://www.econbiz.de/10009727085