Is There a Debt-threshold Effect on Output Growth? /

This paper studies the long-run impact of public debt expansion on economic growth and investigates whether the debt-growth relation varies with the level of indebtedness. Our contribution is both theoretical and empirical. On the theoretical side, we develop tests for threshold effects in the conte...

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Detalles Bibliográficos
Autor Principal: Chudik, Alexander
Outros autores: Mohaddes, Kamiar, Pesaran, M., Raissi, Mehdi
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2015.
Series:IMF Working Papers; Working Paper ; No. 2015/197
Acceso en liña:Full text available on IMF