Public Debt and Economic Growth: An Empirical Analysis of the Structure Changes of Public Debt in the EU Countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00093632" target="_blank" >RIV/00216224:14560/16:00093632 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Public Debt and Economic Growth: An Empirical Analysis of the Structure Changes of Public Debt in the EU Countries
Original language description
Public debt and its changes might be a determinant of long-term economic growth. There are many theoretical ways to treat public debt as inter-generation burden. Especially in EU and in EMU it seems to be crucial to deal with high level of debt to GDP due to several fiscal problems which might be leading to economic downturns in the future. Therefore, the aim of this paper is to evaluate the effects of shifts in public debt structure on economic growth of 18 EU countries, these countries are also the OECD members. Results should be used to optimization of debt management. The empirical analysis employs a dynamic panel regression in period from 2000 to 2015 making use of the GMM estimator. According to results there is an evidence that changes of public debt structure affect the economic growth. It seems to be important to linkage the structure with debt cost if one look at the maturity structure of public debt. Debt shift from long-term instruments to short-terms should promote the growth.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of 14 th International Scientific Conference "ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES"
ISBN
9788075102102
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
841-849
Publisher name
Silesian University
Place of publication
Karviná
Event location
Petrovice u Karviné, Czech Republic
Event date
Jan 1, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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