Internal public debt and economic growth: the case study of Ukraine [PDF]
The paper addresses an estimation of public debt-to-GDP threshold ratio in the developing economy encountered with an excessive public debt impact on macro dynamics.
Serhii M. Shvets
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Growth-maximizing public debt in Turkey: An empirical investigation
The aim of the paper is to empirically estimate the growth-maximizing debt-to-GDP ratio in the case of Turkey. To calculate the growth-maximizing debt-to-GDP ratio FMOLS, DOLS, and CCR estimators are used for the period from 1960–2013.
Bulus Gokay Canberk
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Debt to GDP Ratio from the Perspective of MMT
In this note we examine the debt to GDP ratio from the perspective of MMT (Modern Monetary Theory) by a simple macroeconomic model with savings by government bonds instead of money. Mainly we will show the following results. 1) In order to maintain full employment under economic growth, the budget deficit, including interest payments on government ...
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Persistence in the private debt-t -GDP ratio: evidence from 43 OECD countries [PDF]
This paper investigates the degree of persistence of the private debt-to-GDP ratio in 43 OECE countries by estimating the fractional integration parameter of each series. Almost all of them are found to be highly persistent, with orders of integration around or above 1.
Guglielmo Maria Caporale +2 more
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Covid-19 Pandemic and Optimal Debt-to-GDP Ratio Threshold in Sub-Saharan Africa
The empirical data on the effect of a high debt-to-GDP ratio on economic growth is conflicting. The article used the GDP Indicator to investigate the trajectory in the debt-to-GDP ratio in 45 nations in Sub-Saharan Africa during the COVID-19 Pandemic and to determine whether there is a point at which public debt becomes damaging to the region's economy.
Jonathan Oniore +1 more
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The main of this paper is to study the room for maneuver of ECOWAS States in terms of fiscal policy under external debt in the face of persistent budgetary imbalances.
Abdou-Aziz NIANG, Moustapha SANE
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External debt sustainability in the transition economies of southeast Europe: an application by wavelet-based unit root tests [PDF]
This study aims to examine the external debt sustainability in the transition economies of Southeast Europe, some of which are among the developing countries, by wavelet-based unit root tests.
Memduh Alper DEMİR
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Debt-Growth Nexus in the MENA Region: Evidence from a Panel Threshold Analysis
This study examines whether a debt-to-GDP threshold exists in the public debt and economic growth relationship for 20 Middle East and North Africa (MENA) countries from 1990 to 2016 using the threshold estimation technique.
Mohammed Daher Alshammary +3 more
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Investigating the Financial Balance of Iran's Economy in Stable and Unstable Regimes: Markov Regime Change Approach [PDF]
Increased spending has been one of the main concerns of the financial policies for various countries in the last two decades. Specifically, in those countries where the debt is at relatively high levels, examining the financial sustainability becomes ...
Davoud Mahmoudinia +1 more
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Empirical Evidence on Factors Conditioning the Turning Point of the Public Debt–Growth Relationship
This paper contributes to the limited literature on the factors conditioning the turning point of the public debt–growth relationship. A decade after the global financial crisis, when the debt ratio in many countries was still above pre-crisis levels ...
Mindaugas Butkus +3 more
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