Can Shift in Public Debt Structure Affect Dynamics of Cost of Public Debt Service?

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Can Shift in Public Debt Structure Affect Dynamics of Cost of Public Debt Service?

Popis výsledku v původním jazyce

It is possible that a shift in the public debt structure can influence economic growth of advanced economies. The main channel to recognize this effect seems to be through the cost of public debt service. Hence, the aim of this contribution is to investigate what is the effect of the shift in structure of public debt on the cost dynamics of public debt service. From empirical point of view the panel data regression of 22 chosen OECD countries in the period from 2000 to 2015 is used and done by several estimation techniques used (OLS, one-way and two-way fixed effect model and GMM). It's found that the shift from the short-term to the long-term debt obligations is positively correlated with the higher cost dynamics of public debt service. The shift from domestic to foreign creditors seems to have similar impact but not as unambiguous as the previous one is.

Název v anglickém jazyce

Can Shift in Public Debt Structure Affect Dynamics of Cost of Public Debt Service?

Popis výsledku anglicky

It is possible that a shift in the public debt structure can influence economic growth of advanced economies. The main channel to recognize this effect seems to be through the cost of public debt service. Hence, the aim of this contribution is to investigate what is the effect of the shift in structure of public debt on the cost dynamics of public debt service. From empirical point of view the panel data regression of 22 chosen OECD countries in the period from 2000 to 2015 is used and done by several estimation techniques used (OLS, one-way and two-way fixed effect model and GMM). It's found that the shift from the short-term to the long-term debt obligations is positively correlated with the higher cost dynamics of public debt service. The shift from domestic to foreign creditors seems to have similar impact but not as unambiguous as the previous one is.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the International Scientific Conference ECONOMIC POLICY IN GLOBAL ENVIRONMENT

ISBN

9788074356780

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

492-498

Název nakladatele

Vysoká škola sociálne správní

Místo vydání

Havířov

Místo konání akce

Ostravice

Datum konání akce

1. 1. 2017

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000427151400084