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

Thumbnail
View/Open
File version
Accepted Manuscript (AM)
Author(s)
Gunarsa, Singgih
Makin, Tony
Rohde, Nicholas
Griffith University Author(s)
Year published
2019
Metadata
Show full item record
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
Note
This publication has been entered into Griffith Research Online as an Advanced Online Version
Subject
Applied economics
Econometrics
Social Sciences
Economics
Business & Economics
Developing Asia
public debt
Publication URI
Collection