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Titel
On the relation between public debt and economic growth : an empirical investigation / Bettina Fincke, Alfred Greiner
VerfasserBökemeier, Bettina ; Greiner, Alfred
ErschienenBielefeld, Germany : Universität Bielefeld, Faculty of Business Administration and Economics, December 2013
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (17 Seiten) : Diagramme
SerieWorking papers in economics and management ; No. 24-2013
SchlagwörterÖffentliche Schulden / Wirtschaftswachstum / Bruttoinlandsprodukt
URNurn:nbn:de:hbz:6:2-128173 
DOI10.4119/unibi/2915436 
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On the relation between public debt and economic growth [0.2 mb]
Zusammenfassung

In this paper we empirically study the relation between public debt and economic growth. We analyze how the public debt to GDP ratio at a certain point in time is correlated with the GDP growth rate in the following period, where we consider a one-year time span, a three-years time interval and a five-years interval. Using panel data comprising seven developed countries from 1970-2012, we estimate a pooled regression model and a random effects model. We find strong evidence for a significantly negative relation between debt and growth. Further, for most specifications this relationship does not seem to be characterized by non-linearities.

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