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On the time-varying nature of the debt-growth nexus: evidence from the euro area

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Gómez-Puig, Marta and Sosvilla-Rivero, Simón (2018) On the time-varying nature of the debt-growth nexus: evidence from the euro area. Applied Economics Letters, 25 (9). pp. 597-600. ISSN 1466-4291

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Official URL: https://doi.org/10.1080/13504851.2017.1349284



Abstract

This article uses the DCC-generalized autoregressive conditional heteroskedasticity model to investigate the existence of time-varying correlations between public debt and economic growth. To that end, we use annual data from both central and peripheral countries of the euro area for the period 1961–2015. The results suggest that the relationships between these variables are time-varying and that in some countries and for some periods, there is a positive association between them.


Item Type:Article
Uncontrolled Keywords:Public debt; Economic growth; Time-varying approach; DCC; Euro area
Subjects:Social sciences > Economics > Economic development
Social sciences > Economics > Econometrics
Social sciences > Economics > World economy
Social sciences > Economics > Public economy
JEL:C22, F33, H63, O40, O52
ID Code:60066
Deposited On:21 Apr 2020 10:12
Last Modified:24 Apr 2020 09:55

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