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

被引：89

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

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