GOVERNMENT DEBT AS A CONTRADICTORY FACTOR OF ECONOMIC GROWTH

Anna Telnova ()
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Anna Telnova: Donbass State Engineering Academy/Ukraine

JOURNAL OF LIFE ECONOMICS, 2016, vol. 3, issue 4, 49-58

Abstract: Article seeks to substantiate the hypothesis of contradictory impact of government debt on economic growth. The objectives and related research methods are: empirical analysis and abstract logical analysis of the impact of the level of government debt on economic growth; cluster analysis of European countries in terms of their economic growth, government debt and government expenditure on economic affairs. Substantiated positive impact on economic growth in the following cases: constant or increasing in proportion to the GDP growth of government debt volume subject to gain or maintain the level of government expenditure on economic affairs; government debt level of stability at constant GDP increase and advance the government expenditure on economic affairs.

Keywords: economic; growth; government; debt; government; expenditure; on; economic; affairs; contradictory (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:jle:journl:v:3:y:2016:i:4:p:49-58

DOI: 10.15637/jlecon.173

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