Moore, Winston and Thomas, Chrystol (2008): A Meta-Analysis of the Relationship between Debt and Growth.
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Abstract
Can debt be used to finance growth? This question has stimulated a number of research papers, seminars and conferences. To date, however, no clear answer to the question is available. This paper attempts to answer the question using meta-analysis. Meta-analysis allows researchers to combine the results from both published and un-published research to gain insights regarding the directional and statistical significance of the relationship between the two variables. The results from the study should be of interest to policymakers and academics.
Item Type: | MPRA Paper |
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Original Title: | A Meta-Analysis of the Relationship between Debt and Growth |
Language: | English |
Keywords: | Debt; Economic Growth; Meta-Analysis |
Subjects: | O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt ; Debt Management ; Sovereign Debt C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General |
Item ID: | 21474 |
Depositing User: | Winston Moore |
Date Deposited: | 22 Mar 2010 00:20 |
Last Modified: | 26 Sep 2019 09:35 |
References: | Ali Abbas, S.M. and Christensen, J.E. 2007. The role of domestic debt markets in economic growth: an empirical investigation for low-income countries and emerging markets. International Monetary Fund Working Paper No. 07/127, Washington. Clements, B., Bhattacharya, R. and Nguyen, T.Q. 2004. External debt, public investment, and growth in low-income countries. In Gupta, S., Clements, B. and Inchauste, G., eds., Helping countries develop: the role of fiscal policy. International Monetary Fund: External Relations Department, 105-129. Diamond, P.A. 1965. National debt in a neoclassical growth model. American Economic Review, 55(5): 1126-1150. Koray, F. 1987. Government debt, economic activity, and transmission of economic disturbances. Journal of Money, Credit and Banking, 19(3): 361-375. Krugman, P. 1988. Financing vs. forgiving a debt overhang: some analytical issues. Journal of Development Economics, 29(3):253-268. Looney, R.E. and Frederisksen, P.C. 1986. Defence expenditures, external public debt and growth in developing countries, Journal of Peace Research, 23(4): 329-338. Modigliani, F. 1961. Long-run implications of alternative fiscal policies and the burden of the national debt. Economic Journal, 71(4): 730-755. Oks, D. and van Wijnbergen, S. 1995. Mexico after the debt crisis: Is growth sustainable? Journal of Development Economics, 47(1): 155-178. Scott, G. 1995. Foreign debt service and economic growth. Atlantic Economic Journal, 23(2): 157. Serven, L. 1997. Uncertainty, instability, and irreversible investment: theory, evidence and lessons for Africa. World Bank Policy Research Paper No. 1722, Washington. Weeks, J. 2000. Latin America and the high performing Asian economies: growth and debt. Journal of International Development, 12(5): 625-654. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/21474 |