Threshold effects of sovereign debt : evidence from the Caribbean /
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| Imprint: | [Washington, D.C.] : International Monetary Fund, ©2012. |
|---|---|
| Description: | 1 online resource (23 pages) |
| Language: | English |
| Series: | IMF working paper ; WP/12/157 IMF working paper ; WP/12/157. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12500271 |
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| 050 | 4 | |a HG3881.5.I58 |b W67 No. 12/157eb | |
| 245 | 0 | 0 | |a Threshold effects of sovereign debt : |b evidence from the Caribbean / |c prepared by Kevin Greenidge [and others]. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2012. | ||
| 300 | |a 1 online resource (23 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
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| 490 | 1 | |a IMF working paper ; |v WP/12/157 | |
| 520 | |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. | ||
| 504 | |a Includes bibliographical references. | ||
| 505 | 0 | |a Cover; Contents; I. Introduction; II. The Historical Behavior of Public Debt; Tables; 1. Summary Statistics for Nominal Public Debt; Figures; 1. Nominal Public Debt Levels of Selected CARICOM States; 2. Summary Statistics for Real Public Debt; 2. Real Public Debt for Selected CARICOM States; 3. Summary Statistics for Public Debt to GDP Ratios of Selected CARICOM States; 3. Public Debt to GDP Ratios of Selected CARICOM States; 4. Summary Statistics for the Growth in the Public Debt to GDP Ratio; 4. Growth of the Public Debt to GDP Ratio; III. Literature Review; IV. Methodology and Data. | |
| 505 | 8 | |a V. Results5. Threshold Debt Regression using the Modified Hansen Model; 6. Estimated Loss in Real GDP Growth (In percentage points); 5. Public Debt and Growth; 6. Investment and Growth; 7. Trade and Growth; 8. Government Spending and Growth; 9. Inflation and Growth; 10. Sum of Squared Residuals as a Function of Debt Threshold; VI. Conclusion; 11. Sum of Squared Residuals with Instruments; 12. Stylized Shape of the Threshold Effects of Public Debt on Growth; References. | |
| 650 | 0 | |a Debts, Public |z Caribbean Area |x Econometric models. | |
| 650 | 0 | |a Economic development |z Caribbean Area |x Econometric models. | |
| 650 | 6 | |a Dettes publiques |z Caraïbes (Région) |x Modèles économétriques. | |
| 650 | 6 | |a Développement économique |z Caraïbes (Région) |x Modèles économétriques. | |
| 650 | 7 | |a Debts, Public |x Econometric models. |2 fast |0 (OCoLC)fst00888859 | |
| 650 | 7 | |a Economic development |x Econometric models. |2 fast |0 (OCoLC)fst00901797 | |
| 651 | 7 | |a Caribbean Area. |2 fast |0 (OCoLC)fst01244080 | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Greenidge, Kevin, |e author. |0 http://id.loc.gov/authorities/names/no2004021887 | |
| 710 | 2 | |a International Monetary Fund. |b Western Hemisphere Department, |e issuing body. |0 http://id.loc.gov/authorities/names/n82237138 | |
| 776 | 0 | 8 | |i Print version: |a Drakes, Lisa. |t Threshold Effects of Sovereign Debt: Evidence from the Caribbean. |d Washington : International Monetary Fund, ©2012 |z 9781475504507 |
| 830 | 0 | |a IMF working paper ; |v WP/12/157. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2012/157/001.2012.issue-157-en.xml |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HG3881.5.I58W67 No. 12/157eb |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2012/157/001.2012.issue-157-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12144440 | ||