Public debt and economic growth: panel data evidence for Asian countries

By Dimitrios Asteriou, K. Pilbeam, Cecilia Eny Pratiwi. Journal of economics and finance, 2020

176 citations recorded by the source corpus.

This study examines the relationship between public debt on both short and long-run economic growth, in a panel of selected Asian countries for the period of 1980–2012. We employ several econometrics methods: pooled mean group, mean group, dynamic fixed effects and also allow for common correlated effects. The impact of a change in public debt is also analysed using asymmetric panel ARDL method. Our results indicate that an increase in government debt is negatively associated with economic growth in both the short and long-run.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/8cc8b1dd973d9b253ab117b77b1cb938c353c842