This Time They Are Different : Heterogeneity and Nonlinearity in the Relationship Between Debt and Growth /

We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis takes particular note of theoretical arguments and data considerations in modeling the debt-growth relationship as heterogeneous across countries. We investigate the issue of nonlinearities...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Eberhardt, Markus
Beste egile batzuk: Presbitero, Andrea
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2013.
Saila:IMF Working Papers; Working Paper ; No. 2013/248
Sarrera elektronikoa:Full text available on IMF
LEADER 01793cas a2200253 a 4500
001 AALejournalIMF014070
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781484309285 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Eberhardt, Markus. 
245 1 0 |a This Time They Are Different :   |b Heterogeneity and Nonlinearity in the Relationship Between Debt and Growth /  |c Markus Eberhardt, Andrea Presbitero. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2013. 
300 |a 1 online resource (55 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis takes particular note of theoretical arguments and data considerations in modeling the debt-growth relationship as heterogeneous across countries. We investigate the issue of nonlinearities (debt thresholds) in both the cross-country and within-country dimensions, employing novel methods and diagnostics from the time-series literature adapted for use in the panel. We find some support for a nonlinear relationship between debt and long-run growth across countries, but no evidence for common debt thresholds within countries over time. 
538 |a Mode of access: Internet 
700 1 |a Presbitero, Andrea. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/248 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/248/001.2013.issue-248-en.xml  |z IMF e-Library