The Influence of Public Debt and Its Structure on Economic Growth of Advanced Economies
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F18%3A00100995" target="_blank" >RIV/00216224:14560/18:00100995 - isvavai.cz</a>
Result on the web
<a href="https://www.vse.cz/polek/1183" target="_blank" >https://www.vse.cz/polek/1183</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/j.polek.1183" target="_blank" >10.18267/j.polek.1183</a>
Alternative languages
Result language
čeština
Original language name
Vplyv verejného dlhu a jeho štruktúry na ekonomického rast vybraných vyspelých krajín
Original language description
The aim of this paper is to explore the influence of public debt structure on economic growth of advanced economies. The investigation mainly focuses on shifts in public debt structure which does not change the level of debt quota. Methodical approach follows similar exercises developed to evaluate the effects of tax shifts on economic growth. Debt decompositions are made according to i) original maturity of instruments; ii) currencies; iii) residency of creditors; iv) kind of instrument. The panel data regression of 24 OECD countries in the period from 2000 to 2014 is used. The main findings suggest that the structure of public debt matters to economic growth in every decomposition made. Moreover, it was found that shifts in debt structure which are neutral towards the level of debt quota could be associated with changes of economic growth rates. Hence, it is legit to deal with adequate public debt structure not only with debt level in terms of influencing the economic growth.
Czech name
Vplyv verejného dlhu a jeho štruktúry na ekonomického rast vybraných vyspelých krajín
Czech description
The aim of this paper is to explore the influence of public debt structure on economic growth of advanced economies. The investigation mainly focuses on shifts in public debt structure which does not change the level of debt quota. Methodical approach follows similar exercises developed to evaluate the effects of tax shifts on economic growth. Debt decompositions are made according to i) original maturity of instruments; ii) currencies; iii) residency of creditors; iv) kind of instrument. The panel data regression of 24 OECD countries in the period from 2000 to 2014 is used. The main findings suggest that the structure of public debt matters to economic growth in every decomposition made. Moreover, it was found that shifts in debt structure which are neutral towards the level of debt quota could be associated with changes of economic growth rates. Hence, it is legit to deal with adequate public debt structure not only with debt level in terms of influencing the economic growth.
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
<a href="/en/project/GA17-26705S" target="_blank" >GA17-26705S: Impact of changes in tax legislation on efficiency and equity in the Czech Republic</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Politická ekonomie
ISSN
0032-3233
e-ISSN
—
Volume of the periodical
66
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
23
Pages from-to
178-200
UT code for WoS article
000432405800002
EID of the result in the Scopus database
2-s2.0-85046942114