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results indicate that there is unidirectional Granger-causality from economic growth to public debt in Zambia, irrespective of … and economic growth in Zambia for the period from 1970 to 2017. Unlike previous studies on this subject that relied on … whether the analysis is done in the short run or in the long run. The study results, however, fail to find any causality …
Persistent link: https://www.econbiz.de/10012024003
This study examines the dynamic impact of public debt on economic growth in Zambia from 1970 to 2017. The study also … estimated the relative impact of domestic public debt and foreign public debt on economic growth in Zambia. Using the … growth in Zambia, both in the short run and in the long run. The empirical results further reveal that the relative impact of …
Persistent link: https://www.econbiz.de/10012178046
This study examines the dynamic impact of public debt on economic growth in Zambia from 1970 to 2017. The study also … estimated the relative impact of domestic public debt and foreign public debt on economic growth in Zambia. Using the … growth in Zambia, both in the short run and in the long run. The empirical results further reveal that the relative impact of …
Persistent link: https://www.econbiz.de/10014477286
[This paper reexamines the question of the India's growth takeoff using newer data and time series analysis. By carefully accounting for structural breaks and stationarity issues and using a longer times series, we address the lacuna in previous econometric investigations into the Indian...
Persistent link: https://www.econbiz.de/10012889537
Lebanese public debt has been accumulating since 1990, after the end of the civil war. Recently, concerns about the ability of the government to keep servicing its debt have emerged, particularly because the debt-to-GDP ratio reached almost 147% at the end of 2018. This study aims to examine...
Persistent link: https://www.econbiz.de/10012544339
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
Debt is a fundamental component of modern economic systems. It serves as a source of financing for government, business, and individual projects. Many earlier studies concentrated on the direct relationship between debt and economic performance using different econometric methodologies. This...
Persistent link: https://www.econbiz.de/10014636204
The paper proposes an operational definition of safe public debt levels and discusses various concrete approaches to calculate them. A public debt level is considered safe if it is associated with a low probability of reaching levels likely to generate significant economic costs within a given...
Persistent link: https://www.econbiz.de/10011504482
The subject of this paper is four Balkan countries (Albania, Serbia, Macedonia, and Montenegro) that are determined to join the European Union. More particularly, it looks at their work towards accomplishing the political, legal and economic requirements for the EU. Thus, the legislation with...
Persistent link: https://www.econbiz.de/10012120202
This study analyzes the correlation between the primary budget balance and the public debt over the last two decades, for a panel of 12 countries from Central and Eastern Europe, in order to assess their debt sustainability, the level of debt at which fiscal fatigue may occur, as well as the...
Persistent link: https://www.econbiz.de/10014312934