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

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This 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). T...

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Detalles Bibliográficos
Autores principales: Jacobo, Alejandro D., Jalile, Ileana R.
Formato: article
Lenguaje:Inglés
Publicado: 2021
Materias:
Debt
Growth
Acceso en línea:http://hdl.handle.net/11086/20171
Aporte de:
Repositorio Digital Universitario (UNC) de Universidad Nacional de Córdoba
id I10-R14111086-20171
record_format dspace
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-141
collection Repositorio Digital Universitario (UNC)
language Inglés
topic Debt
Growth
spellingShingle Debt
Growth
Jacobo, Alejandro D.
Jalile, Ileana R.
The impact of government debt on economic growth: an overview for Latin America
topic_facet Debt
Growth
description This 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.
format article
author Jacobo, Alejandro D.
Jalile, Ileana R.
author_facet Jacobo, Alejandro D.
Jalile, Ileana R.
author_sort Jacobo, Alejandro D.
title The impact of government debt on economic growth: an overview for Latin America
title_short The impact of government debt on economic growth: an overview for Latin America
title_full The impact of government debt on economic growth: an overview for Latin America
title_fullStr The impact of government debt on economic growth: an overview for Latin America
title_full_unstemmed The impact of government debt on economic growth: an overview for Latin America
title_sort impact of government debt on economic growth: an overview for latin america
publishDate 2021
url http://hdl.handle.net/11086/20171
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