How does democracy affect public debt? Evidence from the Arab world

Nouha Bougharriou, Walid Benayed and Foued Badr Gabsi

No 2018-54, Economics Discussion Papers from Kiel Institute for the World Economy

Abstract: This paper investigates the impact of democracy on public debt in the Arab world over the period 2002-2013. The results confirm the existence of an inverted-U relationship between democracy and public debt. This supports the hypothesis that some level of democracy is required to control public debt.

Keywords: democracy; public debt; non-linear dynamic panel; arab world (search for similar items in EconPapers)
JEL-codes: D72 H60 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-ara and nep-cdm
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:201854

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