Public debt in developing Asia: a help or hindrance to growth?

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Author(s)
Gunarsa, Singgih
Makin, Tony
Rohde, Nicholas
Griffith University Author(s)
Year published
2019
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Abstract
We study the effects of public debt on economic growth using a panel of 25 Asian countries from 1970 to 2015. Using a collection of panel data models, we find weak evidence in favour of a negative relationship. Our estimates imply that a 10% increase in debt predicts declines in growth rates ranging from 0.2% to 0.4%.
Journal Title
Applied Economics Letters
DOI
Copyright Statement
© 2019 Taylor & Francis (Routledge). This is an Accepted Manuscript of an article published by Taylor & Francis in Applied Economics Letters on 25 Oct 2019, available online: https://doi.org/10.1080/13504851.2019.1683147
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This publication has been entered into Griffith Research Online as an Advanced Online Version
Subject
Applied Economics
Public Health and Health Services
Social Sciences
Economics
Business & Economics
Developing Asia
public debt
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