The effect of public debt on growth in multiple regimes

Journal of Macroeconomics - Tập 38 - Trang 35-43 - 2013
Andros Kourtellos1, Thanasis Stengos2, Chih Ming Tan3
1Department of Economics, University of Cyprus, P.O. Box 537, CY, 1678, Nicosia, Cyprus
2Department of Economics, University of Guelph, Guelph, Ontario, N1G 2W1, Canada
3Department of Economics, College of Business and Public Administration, University of North Dakota, Gamble Hall Room 290, 293 Centennial Drive Stop 8369, Grand Forks, ND 58202-8369, United States

Tài liệu tham khảo

Acemoglu, 2001, The colonial origins of comparative development: an empirical investigation, American Economic Review, 91, 1369, 10.1257/aer.91.5.1369

Caner, 2004, Instrumental variable estimation of a threshold model, Econometric Theory, 20, 813?, 10.1017/S0266466604205011

Cecchetti, 2011, The future of public debt, 183

Cecchetti, Stephen G., Mohanty, M.S., Zampolli, F., 2011b. The Real Effects of Debt. Working Paper, Bank for International Settlements (BIS).

Davies, 1977, Hypothesis testing when a nuisance parameter is present only under the alternative, Biometrika, 64, 247, 10.1093/biomet/64.2.247

Durlauf, 1995, Multiple regimes and cross-country growth behavior, Journal of Applied Econometrics, 10, 365, 10.1002/jae.3950100404

Durlauf, 2001, The local Solow growth model, European Economic Review, 15, 928?, 10.1016/S0014-2921(01)00120-9

Elmendorf, D.W., Mankiw, G.N., 1999. Government debt. In: Taylor, J.B., Woodford M. (Eds.), Handbook of Macroeconomics, vol. 1, pp. 1615–1669.

Frankel, 1999, Does trade cause growth?, American Economic Review, 89, 379, 10.1257/aer.89.3.379

Ghosh, 2013, Fiscal fatigue fiscal space and debt sustainability in advanced economies, Economic Journal, 123, F4, 10.1111/ecoj.12010

Greiner, 2011, Economic growth, public debt and welfare: comparing three budgetary rules, German Economic Review, 12, 205, 10.1111/j.1468-0475.2010.00516.x

Hansen, 1996, Inference when a nuisance parameter is not identified under the null hypothesis, Econometrica, 64, 413, 10.2307/2171789

Hansen, 2000, Sample splitting and threshold estimation, Econometrica, 68, 575, 10.1111/1468-0262.00124

Mamuneas, 2006, Economic development and the return to human capital: a smooth coefficient semiparametric approach, Journal of Applied Econometrics, 21, 111?, 10.1002/jae.813

Minea, A., Parent, A., 2012. Is High Public Debt always Harmful to Economic Growth? Reinhart and Rogoff and Some Complex Nonlinearities Working Papers 8, Association Francaise de Cliometrie.

Papageorgiou, 2002, Trade as a threshold variable for multiple regimes, Economics Letters, 77, 85, 10.1016/S0165-1765(02)00114-3

Reinhart, 2010, Growth in time of debt, American Economic Review Papers and Proceedings, 100, 573, 10.1257/aer.100.2.573

Tan, 2010, No one true path: uncovering the interplay between geography, institutions, and fractionalization in economic development, Journal of Applied Econometrics, 25, 1100, 10.1002/jae.1102