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  • 1
    UID:
    almafu_9958246202402883
    Format: 1 online resource (15 pages)
    Series Statement: Policy research working papers.
    Content: Public debt has surged during the current global economic crisis and is expected to increase further. This development has raised concerns whether public debt is starting to hit levels where it might negatively affect economic growth. Does such a tipping point in public debt exist? How severe would the impact of public debt be on growth beyond this threshold? What happens if debt stays above this threshold for an extended period of time? The present study addresses these questions with the help of threshold estimations based on a yearly dataset of 101 developing and developed economies spanning a time period from 1980 to 2008. The estimations establish a threshold of 77 percent public debt-to-GDP ratio. If debt is above this threshold, each additional percentage point of debt costs 0.017 percentage points of annual real growth. The effect is even more pronounced in emerging markets where the threshold is 64 percent debt-to-GDP ratio. In these countries, the loss in annual real growth with each additional percentage point in public debt amounts to 0.02 percentage points. The cumulative effect on real GDP could be substantial. Importantly, the estimations control for other variables that might impact growth, such as the initial level of per-capita-GDP.
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Volltext  (kostenfrei)
    Library Location Call Number Volume/Issue/Year Availability
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  • 2
    UID:
    gbv_275179028
    Format: 306 S , graph Darst
    ISBN: 0813378117
    Note: Papers originally presented at a conference on International Finance and Agricultural Trade in San Antonio, Texas, in December 1988, sponsored by the International Agricultural Trade Research Consortium , Includes bibliographical references and index , Enth. 6 Beitr.
    Language: English
    Keywords: Konferenzschrift
    Library Location Call Number Volume/Issue/Year Availability
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  • 3
    UID:
    edoccha_9958246202402883
    Format: 1 online resource (15 pages)
    Series Statement: Policy research working papers.
    Content: Public debt has surged during the current global economic crisis and is expected to increase further. This development has raised concerns whether public debt is starting to hit levels where it might negatively affect economic growth. Does such a tipping point in public debt exist? How severe would the impact of public debt be on growth beyond this threshold? What happens if debt stays above this threshold for an extended period of time? The present study addresses these questions with the help of threshold estimations based on a yearly dataset of 101 developing and developed economies spanning a time period from 1980 to 2008. The estimations establish a threshold of 77 percent public debt-to-GDP ratio. If debt is above this threshold, each additional percentage point of debt costs 0.017 percentage points of annual real growth. The effect is even more pronounced in emerging markets where the threshold is 64 percent debt-to-GDP ratio. In these countries, the loss in annual real growth with each additional percentage point in public debt amounts to 0.02 percentage points. The cumulative effect on real GDP could be substantial. Importantly, the estimations control for other variables that might impact growth, such as the initial level of per-capita-GDP.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 4
    UID:
    edocfu_9958246202402883
    Format: 1 online resource (15 pages)
    Series Statement: Policy research working papers.
    Content: Public debt has surged during the current global economic crisis and is expected to increase further. This development has raised concerns whether public debt is starting to hit levels where it might negatively affect economic growth. Does such a tipping point in public debt exist? How severe would the impact of public debt be on growth beyond this threshold? What happens if debt stays above this threshold for an extended period of time? The present study addresses these questions with the help of threshold estimations based on a yearly dataset of 101 developing and developed economies spanning a time period from 1980 to 2008. The estimations establish a threshold of 77 percent public debt-to-GDP ratio. If debt is above this threshold, each additional percentage point of debt costs 0.017 percentage points of annual real growth. The effect is even more pronounced in emerging markets where the threshold is 64 percent debt-to-GDP ratio. In these countries, the loss in annual real growth with each additional percentage point in public debt amounts to 0.02 percentage points. The cumulative effect on real GDP could be substantial. Importantly, the estimations control for other variables that might impact growth, such as the initial level of per-capita-GDP.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 5
    Book
    Book
    Boulder u.a. :Westview Pr.,
    UID:
    almafu_BV004163169
    Format: 306 S.
    ISBN: 0-8133-7811-7
    Language: English
    Subjects: Economics
    RVK:
    Keywords: Internationale Kapitalbewegung ; Agrarhandel ; Internationaler Kreditmarkt ; Agraraußenhandel ; Aufsatzsammlung ; Konferenzschrift
    Library Location Call Number Volume/Issue/Year Availability
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  • 6
    Book
    Book
    Englewood Cliffs, NJ. :Prentice-Hall,
    UID:
    almafu_BV021894568
    Format: X, 644 S.
    Edition: 1. print.
    ISBN: 0-13-472713-4
    Language: English
    Subjects: Economics
    RVK:
    Keywords: Außenwirtschaft ; Weltwirtschaft ; Theorie ; Außenwirtschaftstheorie ; Einführung
    Library Location Call Number Volume/Issue/Year Availability
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  • 7
    Book
    Book
    New York [u.a.] :Praeger Publ.,
    UID:
    almafu_BV021978585
    Format: 129 S.
    ISBN: 0-03-022836-0
    Series Statement: Praeger special studies in international business, finance, and trade
    Language: English
    Keywords: Getreidewelthandel
    Library Location Call Number Volume/Issue/Year Availability
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  • 8
    Online Resource
    Online Resource
    [Erscheinungsort nicht ermittelbar]
    UID:
    gbv_797524371
    Format: Online-Ressource
    Series Statement: Policy Research working paper WPS 5391
    Content: Public debt has surged during the current global economic crisis and is expected to increase further. This development has raised concerns whether public debt is starting to hit levels where it might negatively affect economic growth. Does such a tipping point in public debt exist? How severe would the impact of public debt be on growth beyond this threshold? What happens if debt stays above this threshold for an extended period of time? The present study addresses these questions with the help of threshold estimations based on a yearly dataset of 101 developing and developed economies spanning a time period from 1980 to 2008. The estimations establish a threshold of 77 percent public debt-to-GDP ratio. If debt is above this threshold, each additional percentage point of debt costs 0.017 percentage points of annual real growth. The effect is even more pronounced in emerging markets where the threshold is 64 percent debt-to-GDP ratio. In these countries, the loss in annual real growth with each additional percentage point in public debt amounts to 0.02 percentage points. The cumulative effect on real GDP could be substantial. Importantly, the estimations control for other variables that might impact growth, such as the initial level of per-capita-GDP.
    Note: English
    Language: English
    URL: Volltext  (kostenfrei)
    Library Location Call Number Volume/Issue/Year Availability
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