The impact of government debt on economic growth: an overview for Latin America

dc.creatorJacobo, Alejandro D.
dc.creatorJalile, Ileana R.
dc.date.accessioned2021-09-06T20:49:24Z
dc.date.accessioned2022-10-14T18:20:12Z
dc.date.available2021-09-06T20:49:24Z
dc.date.available2022-10-14T18:20:12Z
dc.date.created2021-09-06T20:49:24Z
dc.date.issued2017-09
dc.identifier2385-2275
dc.identifierhttp://hdl.handle.net/11086/20171
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/4269574
dc.description.abstractThis paper investigates the impact of government debt on GDP in 16 Latin American economies, namely Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Honduras, Mexico,Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela over a period of about fifty years (1960-2015). The short-run impact of debt on GDP growth is positive, but decreases to close to zero beyond public debt-to-GDP ratios between 64 and 71% (i.e. up to this threshold, additional debt has a stimulating impact on growth). The institutional variable selected shows the expected sign suggesting that countries with democratic governments exhibit higher growth rates.
dc.languageeng
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rightsReconocimiento-NoComercial-SinObraDerivada 4.0 Internacional.
dc.subjectDebt
dc.subjectGrowth
dc.titleThe impact of government debt on economic growth: an overview for Latin America
dc.typearticle


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