RT Journal Article
T1 An empirical characterization of the effects of public debt on economic growth
A1 Ramos-Herrera, María del Carmen
A1 Sosvilla Rivero, Simón Javier
AB Based on a data set of 115 economies, this article empirically investigates the relation between public debt and economic growth. Using the World Bank’s classification for income groups, we initially find that those countries that present the lowest public debt are characterized by the highest economic growth, while the smallest growth rates are associated with the highest public debt. Nevertheless, this conclusion is tempered when we analyse the countries by income level: low-income countries have a different behaviour with respect to lower-middle, upper-middle and high-income countries. When using the IMF’s country classification, the results do not suggest a clear pattern in the public debt–economic growth nexus across different countries, but indicate a heterogeneous relationship between such key macroeconomic variables.
PB Taylor & Francis
SN 1466-4283
YR 2017
FD 2017
LK https://hdl.handle.net/20.500.14352/18845
UL https://hdl.handle.net/20.500.14352/18845
LA eng
NO Ministerio de Educación, Cultura y Deporte (MECD)
DS Docta Complutense
RD 15 may 2025