Hidden Bibliographic Details
Other authors / contributors: | Presbitero, Andrea F., author.
International Monetary Fund. Research Department, issuing body.
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ISBN: | 9781484309285 1484309286
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Notes: | At head of title: Research Department. "November 2013." Includes bibliographical references. Online resource; title from pdf title page (IMF.org Web site, viewed Jan. 9, 2014).
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Summary: | "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"--Abstract.
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