City Research Online

Public Debt and Economic Growth: Panel Data Evidence for Asian Countries

Asteriou, D., Pilbeam, K. ORCID: 0000-0002-5609-8620 & Pratiwi, C. (2020). Public Debt and Economic Growth: Panel Data Evidence for Asian Countries. Journal of Economics and Finance, doi: 10.1007/s12197-020-09515-7


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.

Publication Type: Article
Additional Information: This is a post-peer-review, pre-copyedit version of an article to be published in Journal of Economics and Finance. The final authenticated version will be available online at:
Publisher Keywords: public debt, economic growth, dynamic panel data, asymmetries, ARDL
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Departments: School of Policy & Global Affairs > Economics
Text - Accepted Version
Download (500kB) | Preview



Downloads per month over past year

View more statistics

Actions (login required)

Admin Login Admin Login