Impact of government debt on economic growth
Witryna29 lip 2024 · Debt levels, both private and public, were already at record highs before the Covid-19 pandemic, and surged further in 2024. The high indebteness raises concerns whether it will undermine future growth prospects. This paper contributes to the ongoing debate by examining what happens to economic growth after debt surges. We apply … Witryna27 lip 2024 · Background Empirical evidence on the effect of public debt on the economic growth of a country remains ambiguous. No theoretical convergence on the respective nexus has been attained. For the case of Uganda in particular, the public debt question remains critical in the country’s development trajectory. Under the Highly …
Impact of government debt on economic growth
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Witryna15 kwi 2024 · In the decade following the financial crisis of 2007–2008 and the subsequent European sovereign debt crisis beginning in late 2009, academics and … WitrynaIn this paper, we empirically assess the impact of government debt on two key determinants of long-term growth, i.e., private investment and productivity, on a panel of 20 OECD economies from 1970 to 2009. Our main finding is that high public debts are followed by significant and linear declines of both aggregate investment spending and …
WitrynaThe findings of the study show that in the long-run domestic debt has a positive impact on economic growth in Malawi, while a negative long-run relationship was established between inflation and economic growth. High inflation was found to stifle economic growth. In addition, Witrynaexternal debt and economic growth over the period 1963/64-2003/04. In doing so, this paper examines the magnitude and structure of the country’s external debt, and its impact on economic growth across its three economic regimes. Using time series data for the same period, the empirical results indicated that past external
Witryna2 dni temu · It is predicted that, while affecting economic growth, ... Government debt, government debt service and economic growth nexus in Zambia: a multivariate analysis. Cogent Econ Finance 7(1):1–17. Google Scholar Solow RM (1956) A contribution to the theory of economic growth. Q J Econ 70(1):65–94. Google ... WitrynaThe better than expected figures during 2016 enabled the Croatian Government and with more tax receipts enabled the repayment of debt as well as narrow the current account deficit during Q3 and Q4 of …
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Witryna24 kwi 2024 · “The impact of high and growing government debt on economic growth - An empirical investigation for the Euro area” European Central Bank, Working paper No. 1237 (2010). [10] Hameed, A., Ashraf, H., & Chaudhary, M. A., “External debt and its impact on economic and business growth in Pakistan”, International Research … reaching net zero carbonWitrynaIn 2011 debt management report the national treasury noted that the debt was rising, growing to 40% of GDP in 2009 and to 54% of GDP by 2012. ... Kenya's inclusion among the beneficiaries of the US Government's African Growth and Opportunity Act gave a boost to manufacturing. Since AGOA took effect in 2000, Kenya's clothing … how to start a small business in louisianaWitryna24 kwi 2024 · “The impact of high and growing government debt on economic growth - An empirical investigation for the Euro area” European Central Bank, Working paper … how to start a small business in los angelesWitryna1 paź 2012 · It finds a non-linear impact of debt on growth with a turning point – beyond which the government debt-to-GDP ratio has a negative impact on long-term … reaching new heights imagesWitryna"The Effect of Government Debt and Other Determinants on Economic Growth: The Greek Experience," Economies, MDPI, vol. 6(1), pages 1-19, February. Adewale Hassan & Daniel Meyer, 2024. " Exploring the Channels of Transmission between External Debt and Economic Growth: Evidence from Sub-Saharan African Countries … how to start a small business in kuwaitWitryna7 kwi 2014 · Dr Eberhardt and his co-author Andrea Presbitero examined data on total public debt for 105 developing, emerging and developed economies between the years 1972 and 2009. They found ''tentative'' evidence that nations with higher average debt-to-GDP ratios are likely to experience a negative effect on long-term growth … how to start a small business in kenyaWitrynaAkhanolu et al. ( 2024) examined the effect of public debt on economic growth of Nigeria using annual data from 1982 to 2024 and two-stage least square regression … how to start a small business in manila