Debt and growth: an empirical study of the real effects of debt in the Euro area

Bibliographic Details
Main Author: Costa, Gonçalo Filipe Pessa Figuereido
Publication Date: 2016
Format: Master thesis
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10362/18620
Summary: This research investigates the impact of indebtedness on per-capita GDP growth in 12 euro area countries, over a period from 1995 to 2014. Among other contributions, this research adds to the existing literature by studying both the effect of public and non-financial corporations’ debt on economic growth, using a dynamic panel threshold model. While being ambiguous for nonfinancial corporations, the empirical results suggest that public debt has a nonlinear impact on growth and that the accumulation of public debt in the euro area after the financial crisis has been one of the responsible factors for the lethargic growth verified in that monetary union.
id RCAP_b000b7bbd157cfb84b67976bc1b37d2f
oai_identifier_str oai:run.unl.pt:10362/18620
network_acronym_str RCAP
network_name_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository_id_str https://opendoar.ac.uk/repository/7160
spelling Debt and growth: an empirical study of the real effects of debt in the Euro areaEuro areaDebtEconomic growthThreshold analysisDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis research investigates the impact of indebtedness on per-capita GDP growth in 12 euro area countries, over a period from 1995 to 2014. Among other contributions, this research adds to the existing literature by studying both the effect of public and non-financial corporations’ debt on economic growth, using a dynamic panel threshold model. While being ambiguous for nonfinancial corporations, the empirical results suggest that public debt has a nonlinear impact on growth and that the accumulation of public debt in the euro area after the financial crisis has been one of the responsible factors for the lethargic growth verified in that monetary union.Cunha, Luís Campos eRodrigues, Paulo Manuel MarquesRUNCosta, Gonçalo Filipe Pessa Figuereido2016-08-04T10:09:08Z2016-062016-062016-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/18620TID:201527162enginfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-05-22T17:23:09Zoai:run.unl.pt:10362/18620Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T16:53:54.543058Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Debt and growth: an empirical study of the real effects of debt in the Euro area
title Debt and growth: an empirical study of the real effects of debt in the Euro area
spellingShingle Debt and growth: an empirical study of the real effects of debt in the Euro area
Costa, Gonçalo Filipe Pessa Figuereido
Euro area
Debt
Economic growth
Threshold analysis
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Debt and growth: an empirical study of the real effects of debt in the Euro area
title_full Debt and growth: an empirical study of the real effects of debt in the Euro area
title_fullStr Debt and growth: an empirical study of the real effects of debt in the Euro area
title_full_unstemmed Debt and growth: an empirical study of the real effects of debt in the Euro area
title_sort Debt and growth: an empirical study of the real effects of debt in the Euro area
author Costa, Gonçalo Filipe Pessa Figuereido
author_facet Costa, Gonçalo Filipe Pessa Figuereido
author_role author
dc.contributor.none.fl_str_mv Cunha, Luís Campos e
Rodrigues, Paulo Manuel Marques
RUN
dc.contributor.author.fl_str_mv Costa, Gonçalo Filipe Pessa Figuereido
dc.subject.por.fl_str_mv Euro area
Debt
Economic growth
Threshold analysis
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Euro area
Debt
Economic growth
Threshold analysis
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This research investigates the impact of indebtedness on per-capita GDP growth in 12 euro area countries, over a period from 1995 to 2014. Among other contributions, this research adds to the existing literature by studying both the effect of public and non-financial corporations’ debt on economic growth, using a dynamic panel threshold model. While being ambiguous for nonfinancial corporations, the empirical results suggest that public debt has a nonlinear impact on growth and that the accumulation of public debt in the euro area after the financial crisis has been one of the responsible factors for the lethargic growth verified in that monetary union.
publishDate 2016
dc.date.none.fl_str_mv 2016-08-04T10:09:08Z
2016-06
2016-06
2016-06-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/18620
TID:201527162
url http://hdl.handle.net/10362/18620
identifier_str_mv TID:201527162
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
_version_ 1833596280530534400

Similar Items