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In search of causality between debt and growth: a graph theoretic approach

Nazmus Khan

Economics Bulletin, 2016, vol. 36, issue 2, 677-687

Abstract: This paper detects the direction of causality between government debt and economic growth in a multivariate framework using graph theoretic approach for six major OECD countries. The results show that growth causes debt in most countries. A comparison between the full sample and a reduced sample (leaving out the periods of recent financial crisis) indicates that the causal direction from growth to debt is a more recent phenomenon.

Keywords: government debt; economic growth; graph theory; causality analysis (search for similar items in EconPapers)
JEL-codes: E6 H6 (search for similar items in EconPapers)
Date: 2016-04-14
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