Public debt and economic growth: panel data evidence for Asian countries

Dimitrios Asteriou, Keith Pilbeam () and Cecilia Eny Pratiwi ()
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Keith Pilbeam: City, University of London
Cecilia Eny Pratiwi: University of Birmingham

Journal of Economics and Finance, 2021, vol. 45, issue 2, No 5, 270-287

Abstract: Abstract This study examines the relationship between public debt on both short and long-run economic growth, in a panel of selected Asian countries for the period of 1980–2012. We employ several econometrics methods: pooled mean group, mean group, dynamic fixed effects and also allow for common correlated effects. The impact of a change in public debt is also analysed using asymmetric panel ARDL method. Our results indicate that an increase in government debt is negatively associated with economic growth in both the short and long-run.

Keywords: Public debt; Economic growth; Dynamic panel data; Asymmetries; ARDL (search for similar items in EconPapers)
JEL-codes: F33 F34 F35 O11 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (32)

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DOI: 10.1007/s12197-020-09515-7

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