Tariffs and Debt

George Galanos (), Thomas Poufinas and Charalampos Agiropoulos
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George Galanos: University of Piraeus
Thomas Poufinas: Democritus University of Thrace
Charalampos Agiropoulos: University of Piraeus

Chapter Chapter 3 in Debt in Times of Crisis, 2021, pp 77-99 from Springer

Abstract: Abstract Tariffs have been recently brought at the forefront as a means to contain government debt. Their capacity to do so is debated. A range of econometric approaches is used to determine the effect that tariffs have on public and private debt. The results indicate that public debt is negatively correlated with tariffs, unemployment, exports, imports, GDP growth and FDI. The sign of the coefficients of unemployment, the FDI and inflation is reversed when the Arellano–Bond GMM is used. The private debt is negatively correlated with tariffs, exports, GDP growth, unemployment and inflation; it is positively correlated with FDI and imports. The sign of the coefficient of inflation is the opposite when the random effects method is used. These outcomes shed light in the question of whether tariffs influence debt. They may be valuable tools in the hands of policymakers that are seeking ways to control government and/or private debt.

Keywords: Tariffs; Debt; Exports; Imports; Growth; FDI (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-74162-4_3

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DOI: 10.1007/978-3-030-74162-4_3

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