What happens to the relationship between public debt and economic growth in European countries?

  1. Jimenez-Rodriguez, Rebeca 1
  2. Rodríguez-López, Araceli
  1. 1 Universidad de Salamanca
    info

    Universidad de Salamanca

    Salamanca, España

    ROR https://ror.org/02f40zc51

Revue:
Economics and Business Letters

ISSN: 2254-4380

Année de publication: 2015

Titre de la publication: Debt and Sustainability

Volumen: 4

Número: 4

Pages: 151-160

Type: Article

DOI: 10.17811/EBL.4.4.2015.151-160 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

D'autres publications dans: Economics and Business Letters

Résumé

The public debt level is nowadays an issue on which the general public has been particularly concerned. The importance of public debt level is mainly related with its impact on economic growth. There is a large body of policymaker who consider that high levels of public debt give rise to a reduction in economic growth in the long-run. This paper extends the existing empirical literature on the relationship between public debt and economic growth by analyzing the impact of public debt on economic growth in the core and periphery European countries, allowing cross-country heterogeneity and considering the trajectory of debt.

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