Dette publique, qualité institutionnelle et croissance économique dans les pays de la région MENA: analyse par la méthode des moments généralisés

Public debt, institutional quality and economic growth in MENA countries: a GMM approach

Jamel Boukhatem and Malèk Kaabi

MPRA Paper from University Library of Munich, Germany

Abstract: Despite the diversity of theoretical studies, the problematic of the public debt – economic growth relationship remains a controversial issue. The aim of the paper is to complement the existing evidence focusing on MENA countries. Using the efficient system-GMM estimators, our results show a non-linear relationship between public debt and growth. When public debt to GDP lies below the threshold of 15%, public debt boosts economic growth. The results of robustness tests show that public debt stimulates economic conditions in the countries with sound macroeconomic policies and stable institutions.

Keywords: public debt; threshold effect; institutional quality; panel data; GMM (search for similar items in EconPapers)
Date: 2015-07-20, Revised 2015-07-23
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