HOUSEHOLD DEBT AND COUNTRY ECONOMIC GROWTH: DOES A MAGIC THRESHOLD EXIST?

被引：2
|
作者：
Daud, Siti Nurazira Mohd [1 ]
Podivinsky, Jan [2 ]
Abd Samad, Khairunnisa [3 ]
机构：
[1] Univ Utara Malaysia, Sintok, Kedah, Malaysia
[2] Univ Southampton, Southampton, Hants, England
[3] Univ Teknol MARA Melaka, Malacca City, Malaysia
来源：
INTERNATIONAL JOURNAL OF BUSINESS AND SOCIETY | 2021年 / 22卷 / 01期
关键词：
household debt; economic growth; threshold; tipping-point; developed and developing countries; crisis; FINANCIAL DEVELOPMENT; CREDIT BOOMS; LEVERAGE; CONSUMPTION; MALAYSIA; CYCLES; CRISES;
D O I：
10.33736/ijbs.3160.2021
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Average household debt has now surpassed the level of 2008, which signals an increase in systemic risk and thereby the fragility of the financial system. This paper investigates the effect of household debt on 24 countries' economic growth. In addition, we also examine whether a tipping point of debt exists. By employing the threshold method, we found that the impact of household debt on a country's economic growth is negative. Because the relationship between debt and growth is a monotonically non-increasing function, we do not find a magic threshold of debt.
引用
收藏
页码：161 / 174
页数：14
相关论文
共 50 条
  • [1] ON THE IMPACT OF PUBLIC DEBT ON ECONOMIC GROWTH: DOES COUNTRY RISK MATTER?
    Chiu, Yi-Bin
    Lee, Chien-Chiang
    CONTEMPORARY ECONOMIC POLICY, 2017, 35 (04) : 751 - 766
  • [2] Household debt and economic growth in Europe
    Barbaglia, L.
    Manzan, S.
    Tosetti, E.
    MACROECONOMIC DYNAMICS, 2024, 29
  • [3] Household Debt and Economic Growth: Debt Service Matters
    Tunc, Cengiz
    Kilinc, Mustafa
    OPEN ECONOMIES REVIEW, 2023, 34 (01) : 71 - 92
  • [4] Household Debt and Economic Growth: Debt Service Matters
    Cengiz Tunc
    Mustafa Kilinc
    Open Economies Review, 2023, 34 : 71 - 92
  • [5] Threshold Effects of Debt on Economic Growth in Africa
    Ndoricimpa, Arcade
    AFRICAN DEVELOPMENT REVIEW-REVUE AFRICAINE DE DEVELOPPEMENT, 2017, 29 (03): : 471 - 484
  • [6] Household Debt and Economic Growth: The Role of Institutional Quality
    Abd Samad, Khairunnisa
    Daud, Siti Nurazira Mohd
    Rusmita, Sylva Alif
    PERTANIKA JOURNAL OF SOCIAL SCIENCE AND HUMANITIES, 2022, 30 (03): : 977 - 1001
  • [7] The reinfection threshold does not exist
    Breban, R
    Blower, S
    JOURNAL OF THEORETICAL BIOLOGY, 2005, 235 (02) : 151 - 152
  • [8] Government Debt and Economic Growth. A Threshold Analysis for Greece
    Pegkas, Panagiotis
    PEACE ECONOMICS PEACE SCIENCE AND PUBLIC POLICY, 2019, 25 (01)
  • [9] DOES EXTERNAL DEBT CONTRIBUTE TO MALAYSIA ECONOMIC GROWTH?
    Daud, Siti Nurazira Mohd
    Ahmad, Abd Halim
    Azman-Saini, W. N. W.
    ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA, 2013, 26 (02): : 51 - 67
  • [10] Public debt and economic growth in developing countries: Nonlinearity and threshold analysis
    Law, Siong Hook
    Ng, Chee Hung
    Kutan, Ali M.
    Law, Zhi Kei
    ECONOMIC MODELLING, 2021, 98 : 26 - 40
12345