New empirical evidence on the impact of public debt on economic growth in EMU countries

  1. Simon Sosvilla-Rivero 1
  2. Marta Gómez-Puig 2
  1. 1 Universidad Complutense de Madrid
    info

    Universidad Complutense de Madrid

    Madrid, España

    ROR 02p0gd045

  2. 2 Universitat de Barcelona
    info

    Universitat de Barcelona

    Barcelona, España

    ROR https://ror.org/021018s57

Revista:
Revista de economía mundial

ISSN: 1576-0162

Año de publicación: 2019

Número: 51

Páginas: 101-120

Tipo: Artículo

DOI: 10.33776/REM.V0I51.3905 DIALNET GOOGLE SCHOLAR lock_openArias Montano editor

Otras publicaciones en: Revista de economía mundial

Resumen

Se presentan nuevas evidencias empíricas sobre el impacto de la deuda pública en el crecimiento económico. Para ese fin, empleamos el método de prueba de límites de Retrasos Distribuidos Autorregresivamente (ARDL, por sus siglas en inglés) utilizando datos anuales de los países centrales y periféricos de la Unión Económica y Monetaria Europea (UEM) para el período 1961- 2015. En particular, permitimos diferentes regímenes endógenos (basados en datos) en el parámetro que relaciona la variable de deuda pública con la tasa de crecimiento real. Nuestros resultados sugieren que el impacto de la deuda pública en el crecimiento económico no solo cambia entre los países de la UEM, sino también con el tiempo.

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Información de financiación

This paper is based upon work supported by the Instituto de Estudios Fiscales [grants IEF 101/2014 and IEF 015/2017], the Bank of Spain [grant PR71/15-20229], the Spanish Ministry of Economy and Competitiveness [grant ECO2016-76203-C2-2-P], and the Spanish Ministry of Education, Culture and Sport [grant PRX17/00029].

Financiadores

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