Does Public Debt Matter For Economic Growth? Evidence from southern Mediterranean countries.

ouhibi, saoussen and hammami, sami (2018): Does Public Debt Matter For Economic Growth? Evidence from southern Mediterranean countries. Published in: Journal of economics , Vol. Voluma, No. issue2 (14 June 2018): pp. 1-16.

Abstract

This paper aims to examine the impact of public debt on economic growth using the dynamic panel data for a 9 southern Mediterranean countries over the period 1990-2015. Our empirical results showed that public debt is negatively and significantly related to economic growth. They also indicate that inflation, investment and total reserves are the main factors of economic growth in the southern Mediterranean countries.

• Item Type: MPRA Paper
• Language: English
• Keywords: public debt, economic growth, GMM.
• Subjects: F - International Economics > F6 - Economic Impacts of Globalization; H - Public Economics > H6 - National Budget, Deficit, and Debt; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development

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