Public debt and economic growth: Further evidence from the euro area

This paper empirically investigates the short and long run impact of public debt on economic growth. We use annual data from both central and peripheral countries of the euro area (EA) for the 1961-2013 period and estimate a production function augmented with a debt stock term by applying the Autore...

ver descrição completa

Detalhes bibliográficos
Autores: Gómez-Puig, Marta, Sosvilla Rivero, Simón
Formato: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2018
País:España
Recursos:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/122904
Acesso em linha:https://hdl.handle.net/2445/122904
Access Level:acceso abierto
Palavra-chave:Deute públic
Creixement econòmic
Zona euro
Public debt
Economic growth
Eurozone
id ES_54eaa2a0221df68e7a8e0f136d426f10
oai_identifier_str oai:recercat.cat:2445/122904
network_acronym_str ES
network_name_str España
repository_id_str
spelling Public debt and economic growth: Further evidence from the euro areaGómez-Puig, MartaSosvilla Rivero, SimónDeute públicCreixement econòmicZona euroPublic debtEconomic growthEurozoneThis paper empirically investigates the short and long run impact of public debt on economic growth. We use annual data from both central and peripheral countries of the euro area (EA) for the 1961-2013 period and estimate a production function augmented with a debt stock term by applying the Autoregressive Distributed Lag (ARDL) bounds testing approach. Our results suggest different patterns across EA countries and tend to support the view that public debt always has a negative impact on the long-run performance of EA member states, whilst its short-run effect may be positive depending on the country.Akadémiai Kiadó2018201820182018info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersion21 p.application/pdfhttps://hdl.handle.net/2445/122904Articles publicats en revistes (Economia)reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésVersió postprint del document publicat a: https://doi.org/10.1556/032.2018.68.2.2Acta Oeconomica, 2018, vol. 68, num. 2, p. 209-229https://doi.org/10.1556/032.2018.68.2.2(c) Akadémiai Kiadó, 2018info:eu-repo/semantics/openAccessoai:recercat.cat:2445/1229042026-05-29T05:05:01Z
dc.title.none.fl_str_mv Public debt and economic growth: Further evidence from the euro area
title Public debt and economic growth: Further evidence from the euro area
spellingShingle Public debt and economic growth: Further evidence from the euro area
Gómez-Puig, Marta
Deute públic
Creixement econòmic
Zona euro
Public debt
Economic growth
Eurozone
title_short Public debt and economic growth: Further evidence from the euro area
title_full Public debt and economic growth: Further evidence from the euro area
title_fullStr Public debt and economic growth: Further evidence from the euro area
title_full_unstemmed Public debt and economic growth: Further evidence from the euro area
title_sort Public debt and economic growth: Further evidence from the euro area
dc.creator.none.fl_str_mv Gómez-Puig, Marta
Sosvilla Rivero, Simón
author Gómez-Puig, Marta
author_facet Gómez-Puig, Marta
Sosvilla Rivero, Simón
author_role author
author2 Sosvilla Rivero, Simón
author2_role author
dc.subject.none.fl_str_mv Deute públic
Creixement econòmic
Zona euro
Public debt
Economic growth
Eurozone
topic Deute públic
Creixement econòmic
Zona euro
Public debt
Economic growth
Eurozone
description This paper empirically investigates the short and long run impact of public debt on economic growth. We use annual data from both central and peripheral countries of the euro area (EA) for the 1961-2013 period and estimate a production function augmented with a debt stock term by applying the Autoregressive Distributed Lag (ARDL) bounds testing approach. Our results suggest different patterns across EA countries and tend to support the view that public debt always has a negative impact on the long-run performance of EA member states, whilst its short-run effect may be positive depending on the country.
publishDate 2018
dc.date.none.fl_str_mv 2018
2018
2018
2018
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/122904
url https://hdl.handle.net/2445/122904
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat a: https://doi.org/10.1556/032.2018.68.2.2
Acta Oeconomica, 2018, vol. 68, num. 2, p. 209-229
https://doi.org/10.1556/032.2018.68.2.2
dc.rights.none.fl_str_mv (c) Akadémiai Kiadó, 2018
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) Akadémiai Kiadó, 2018
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 21 p.
application/pdf
dc.publisher.none.fl_str_mv Akadémiai Kiadó
publisher.none.fl_str_mv Akadémiai Kiadó
dc.source.none.fl_str_mv Articles publicats en revistes (Economia)
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869408225869168640
score 15.228081

Registos relacionados