ROLE OF DEBT STRUCTURE ON ECONOMIC GROWTH OF ADVANCED ECONOMIES

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

ROLE OF DEBT STRUCTURE ON ECONOMIC GROWTH OF ADVANCED ECONOMIES

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

ROLE OF DEBT STRUCTURE ON ECONOMIC GROWTH OF ADVANCED ECONOMIES

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

6th International Scientific Conference TAXES IN THE WORLD

ISBN

9788090540521

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

101-110

Název nakladatele

European Association Comenius - EACO a VSEO

Místo vydání

Ostrava

Místo konání akce

Krakow

Datum konání akce

1. 1. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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