2026-06-07T23:44:26Zhttps://docta.ucm.es/rest/oai/request

oai:docta.ucm.es:20.500.14352/229262024-10-11T12:24:28Zcom_20.500.14352_14col_20.500.14352_17

Gómez-Puig, Marta Sosvilla Rivero, Simón Javier 2023-06-18T05:38:48Z 2023-06-18T05:38:48Z 2017 https://hdl.handle.net/20.500.14352/22926 https://www.ucm.es/icei/working-papers 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. eng https://creativecommons.org/licenses/by-nc/3.0/es/ open access Atribución-NoComercial 3.0 España Public debt and economic growth: Further evidence for the euro area technical report