GOVERNMENT DEBT AS A CONTRADICTORY FACTOR OF ECONOMIC GROWTH

Yıl 2016, , 49 - 58, 31.10.2016

Anna Telnova

https://doi.org/10.15637/jlecon.173

Öz

Article seeks to substantiate the hypothesis of contradictory impact of government debt on
economic growth. The objectives and related research methods are: empirical analysis and abstract
logical analysis of the impact of the level of government debt on economic growth; cluster analysis of
European countries in terms of their economic growth, government debt and government expenditure
on economic affairs. Substantiated positive impact on economic growth in the following cases:
constant or increasing in proportion to the GDP growth of government debt volume subject to gain or
maintain the level of government expenditure on economic affairs; government debt level of stability at
constant GDP increase and advance the government expenditure on economic affairs. 

Anahtar Kelimeler

Economic Growth; Government Debt; Government Expenditure On Economic Affairs; Contradictory

Kaynakça

• AFONSO A., ALVES J. (2014). The Role of Government Debt in Economic Growth. Working Papers Department of Economics, No. 16.
• CALDERÓN C., FUENTES J. R. (2013). Government debt and economic growth. IDB Working paper, No. IDB-WP-424.
• CHECHERITA-WESTPHAL C., ROTHER P. (2012). The Impact of High Government Debt on Economic Growth and its Channels: An Empirical Investigation for the Euro Area.
• European Economic Review, Vol. 126, No. 7, pp. 1392-1405.
• PESCATORI A., SANDRI D., SIMON J. (2014). Debt and Growth: Is There a Magic Threshold? IMF Working paper, No. WP/14/34.
• SWAMY V. (2015). Government Debt and Economic Growth: Decomposing the Cause and Effect Relationship. MPRA Paper, No. 64105.