Determinants of the Public Debt and the Role of the Natural Resources: a Cross-Country Analysis

Elkhan Richard Sadik-Zada and Andrea Gatto ()

No 285026, ETA: Economic Theory and Applications from Fondazione Eni Enrico Mattei (FEEM)

Abstract: This paper investigates the major drivers of the public debt growth in 184 countries. The underlying cross-country survey is conducted on the basis of the improved compilation of datasets on the central government debt for 2013. The study finds that oil abundance, economic growth rate, the share of mineral rent in the total revenue, interest rate payments for foreign borrowings, and being a developing country have statistically significant impact on the growth of the public debt. In contrast, defense spending, unemployment rate, and inflation rate do not have a statistically significant positive impact on the public debt rate.

Keywords: Research; Methods/; Statistical; Methods (search for similar items in EconPapers)
Pages: 23
Date: 2019-03-19
New Economics Papers: this item is included in nep-ene
References: Add references at CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
https://ageconsearch.umn.edu/record/285026/files/NDL2019-004.pdf (application/pdf)

Related works:
Working Paper: Determinants of the Public Debt and the Role of the Natural Resources: A Cross-Country Analysis (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:feemth:285026

DOI: 10.22004/ag.econ.285026

Access Statistics for this paper

More papers in ETA: Economic Theory and Applications from Fondazione Eni Enrico Mattei (FEEM) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().