Is High Public Debt Always Harmful to Economic Growth? Reinhart and Rogoff and some complex nonlinearities

By Alexandru Minea, Antoine Parent. 2012

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Sovereigns Versus Banks: Credit, Crises, and Consequences (2014, unknown): “…al. (2012) argued that a threshold of 90 percent of GDP exists, beyond which public debt levels may become a drag on the economy.2 Irons and Bivens (2010) question these findings, while Minea and Parent (2012) argue that the threshold if it exists is somewhat higher, at around 115 percent of GDP.”
Does sovereign debt weaken economic growth? A panel VAR analysis (2014, unknown): “For example, Baum et al. (2013) and ChecheritaWestphal and Rother (2012) apply instrumental variables to identify the effect of debt on growth for euro area countries, while Minea and Parent (2012) use endogenous threshold estimation methods.”
Public debt and economic growth in advanced economies: A survey (2013, methodology): “Minea and Parent (2012) also note that, since Reinhart and Rogoff (2010) found that differences in median growth are much smaller than differences in average growth, researchers should be careful in examining the role of outliers and check whether their results are robust to using different sources…”