Public debt and economic growth: panel data evidence for Asian countries

被引：86

作者：

Asteriou, Dimitrios ^{[1
]}

Pilbeam, Keith ^{[2
]}

Pratiwi, Cecilia Eny ^{[3
]}

机构：

[1] Oxford Brookes Univ, Oxford, England

[2] City Univ London, London, England

[3] Univ Birmingham, Birmingham, England

来源：

JOURNAL OF ECONOMICS AND FINANCE | 2021年 / 45卷 / 02期

关键词：

Public debt; Economic growth; Dynamic panel data; Asymmetries; ARDL; F33; F34; F35; O11; UNIT-ROOT; REINHART;

D O I：

10.1007/s12197-020-09515-7

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the relationship between public debt on both short and long-run economic growth, in a panel of selected Asian countries for the period of 1980-2012. We employ several econometrics methods: pooled mean group, mean group, dynamic fixed effects and also allow for common correlated effects. The impact of a change in public debt is also analysed using asymmetric panel ARDL method. Our results indicate that an increase in government debt is negatively associated with economic growth in both the short and long-run.

引用

页码：270 / 287

页数：18

共 47 条

[1] The Role of Domestic Debt Markets in Economic Growth: An Empirical Investigation for Low-Income Countries and Emerging Markets [J].

Abbas, S. M. Ali ;

Christensen, Jakob E. .

IMF STAFF PAPERS, 2010, 57 (01) :209-255

[2]

Baltagi B.H., 2014, The Oxford handbook of panel data

[3]

Baltagi Bad H., 2005, Econometric Analysis of Panel Data, P4

[4] To pool or not to pool: Homogeneous versus heterogeneous estimators applied to cigarette demand [J].

Baltagi, BH ;

Griffin, JM ;

Xiong, WW .

REVIEW OF ECONOMICS AND STATISTICS, 2000, 82 (01) :117-126

[5] Debt and growth: New evidence for the euro area [J].

Baum, Anja ;

Checherita-Westphal, Cristina ;

Rother, Philipp .

JOURNAL OF INTERNATIONAL MONEY AND FINANCE, 2013, 32 :809-821

[6]

Breitung J., 2008, The Econometrics of Panel Data: Fundamentals and Recent Developments in Theory and Practice, P279, DOI [DOI 10.1007/978-3-540-75892-1_9, DOI 10.1007/978-3-540-75892-19]

[7] Instrumental variable estimation of a threshold model [J].

Caner, M ;

Hansen, BE .

ECONOMETRIC THEORY, 2004, 20 (05) :813-843

[8]

Cecchetti S.G., 2011, The real effects of debt

[9] The impact of high government debt on economic growth and its channels: An empirical investigation for the euro area [J].

Checherita-Westphal, Cristina ;

Rother, Philipp .

EUROPEAN ECONOMIC REVIEW, 2012, 56 (07) :1392-1405

[10] Financial development and economic growth: evidence from panel unit root and cointegration tests [J].

Christopoulos, DK ;

Tsionas, EG .

JOURNAL OF DEVELOPMENT ECONOMICS, 2004, 73 (01) :55-74

← 1 2 3 4 5 →