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|z 9781475504507
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|a 1018-5941
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|a Drakes, Lisa.
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|a Threshold Effects of Sovereign Debt :
|b Evidence From the Caribbean /
|c Lisa Drakes, Chrystol Thomas, Roland Craigwell, Kevin Greenidge.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2012.
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|a 1 online resource (23 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper addresses the issue of threshold effects between public debt and economic growth in the Caribbean. The main finding is that there exists a threshold debt to gross domestic product (GDP) ratio of 55-56 percent. Moreover, the debt dynamics begin changing well before this threshold is reached. Specifically, at debt levels lower than 30 percent of GDP, increases in the debt-to-GDP ratio are associated with faster economic growth. However, as debt rises beyond 30 percent, the effects on economic growth diminishes rapidly and at debt levels reaching 55-56 percent of GDP, the growth impacts switch from positive to negative. Thus, beyond this threshold, debt becomes a drag on growth.
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|a Mode of access: Internet
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|a Craigwell, Roland.
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|a Greenidge, Kevin.
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|a Thomas, Chrystol.
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|a IMF Working Papers; Working Paper ;
|v No. 2012/157
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2012/157/001.2012.issue-157-en.xml
|z IMF e-Library
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