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dc.contributor.authorChudik, Aen
dc.contributor.authorMohaddes, Kamiaren
dc.contributor.authorPesaran, MHen
dc.contributor.authorRaissi, Men
dc.date.accessioned2016-03-04T14:23:33Z
dc.date.available2016-03-04T14:23:33Z
dc.date.issued2017-03en
dc.identifier.citationChudik et al. Review of Economics and Statistics (2016)en
dc.identifier.issn0034-6535
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/254182
dc.description.abstract© 2017 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology. This paper studies the relationship between public debt expansion and economic growth and investigates whether the debt-growth relation varies with the level of indebtedness.We contribute theoretically by developing tests for threshold effects in the context of dynamic heterogeneous panel data models with cross-sectionally dependent errors. In the empirical application, using data on a sample of forty countries over the 1965-2010 period, we find no evidence for a universally applicable threshold effect in the relationship between public debt and economic growth. Regardless of the threshold, however, we find significant negative effects of public debt buildup on output growth.
dc.language.isoenen
dc.publisherMIT Press
dc.titleIs there a debt-threshold effect on output growth?en
dc.typeArticle
prism.endingPage150
prism.issueIdentifier1en
prism.publicationDate2017en
prism.publicationNameThe Review of Economics and Statisticsen
prism.startingPage135
prism.volume99en
dc.rioxxterms.funderESRC
dc.rioxxterms.projectidES/I031626/1
dcterms.dateAccepted2015-11-13en
rioxxterms.versionofrecord10.1162/REST_a_00593en
rioxxterms.versionAM
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/all-rights-reserveden
rioxxterms.licenseref.startdate2017-03en
dc.contributor.orcidMohaddes, Kamiar [0000-0002-2501-2062]
dc.identifier.eissn1530-9142
rioxxterms.typeJournal Article/Reviewen
cam.issuedOnline2017-02-23en
rioxxterms.freetoread.startdate2018-02-23


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