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

Asteriou, D., Pilbeam, K. ORCID: 0000-0002-5609-8620 and 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

Abstract

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: http://link.springer.com/journal/12197
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 Arts & Social Sciences > Economics
Date Deposited: 19 Jun 2020 14:52
URI: https://openaccess.city.ac.uk/id/eprint/24360
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