ROLE OF DEBT STRUCTURE ON ECONOMIC GROWTH OF ADVANCED ECONOMIES

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00096999" target="_blank" >RIV/00216224:14560/16:00096999 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
ROLE OF DEBT STRUCTURE ON ECONOMIC GROWTH OF ADVANCED ECONOMIES
Original language description
Since 2008 many countries suffer from weak economic growth performance which has been leading to sovereign debt crises in Eurozone periphery, USA, etc. The aim of this paper is to investigate effects of specific public debt categories on economic growth of advanced economies and based on econometric findings to conclude debt structure less harmful to growth. An empirical analysis employs panel data regression of OECD countries in period from 2000 to 2015. Public debt is divided into categories: original maturity of debt instruments, residency of creditors, currency of debt and sort of debt instrument. Main result is that the choice of public debt structure matters for growth. Although every significant debt category is detrimental to growth, the most negative impacts are of long-term debt instruments, debt in foreign currency, loans and credits, domestic debt.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
6th International Scientific Conference TAXES IN THE WORLD
ISBN
9788090540521
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
101-110
Publisher name
European Association Comenius - EACO a VSEO
Place of publication
Ostrava
Event location
Krakow
Event date
Jan 1, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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