The Real Effects of Shifts between Public and Private Debt

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25840886%3A_____%2F18%3AN0000008" target="_blank" >RIV/25840886:_____/18:N0000008 - 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
The Real Effects of Shifts between Public and Private Debt
Original language description
The aim of this paper is to investigate effects of structural changes of total gross debt on economic growth OECD countries during period from 1996 to 2016. In this paper it is the structural change within the national debt followed. The paper does not examine the effect of the level of gross debt, rather the effects of the shift within its structure. The simple panel data regression of chosen OECD countries is employed. We used within fixed effects estimator. From the results stem that the shift from the private debt to public debt is associated with the negative impact on the economic growth, and vice versa. When the sector decomposition of the private debt is made, it seems that the most positive shift is from public debt to debt to households, and vice versa. Hence, the structural shift within the gross debt of economy does lead to the impacts on the economic growth. Especially, if the government can take over the private liabilities the probability of “too-much-debt” rises and the moral risk could create risks toward the future economic growth development.
Czech name
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Czech description
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Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Conferecne Proceedings International Scientific Conference Economic and Social Policy
ISBN
978-80-87291-24-5
ISSN
2571-1776
e-ISSN
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Number of pages
10
Pages from-to
269-278
Publisher name
Vysoká škola sociálně správní
Place of publication
Ostrava
Event location
Čeladná, Czech Republic
Event date
Sep 4, 2018
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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