This Time They Are Different : Heterogeneity and Nonlinearity in the Relationship Between Debt and Growth »
Series: IMF Working Papers
Author(s): Markus Eberhardt , and Andrea Presbitero
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 17 December 2013
Keywords: growth, common factor model, asymmetric ARDL, debt stock, debt terms, debt threshold, debt term, Models with Panel Data, International Lending and Debt Problems, Macroeconomic Analyses of Economic Development,
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 relat...