Debt uncertainty and economic growth: evidence from five highly indebted Eurozone countries

Apergis, Nicholas, and Cooray, Arusha (2016) Debt uncertainty and economic growth: evidence from five highly indebted Eurozone countries. Applied Economics Letters, 23 (3). pp. 171-174.

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The goal of this study is to examine the relationships between economic growth and debt uncertainty by applying the threshold generalized autoregressive conditional heteroscedasticity modelling methodology in five Eurozone countries spanning the period 2001–2013. The results document that during the European fiscal crisis period, debt uncertainty exerts a significant negative effect on economic growth across all five Eurozone countries that experienced the deterioration of their fiscal positions.

Item ID: 69197
Item Type: Article (Research - C1)
ISSN: 1466-4291
Keywords: Economic growth, Eurozone countries, public debt uncertainty
Copyright Information: © 2015 Taylor & Francis Copyright of Applied Economics Letters is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use.
Date Deposited: 11 Jul 2022 02:58
FoR Codes: 38 ECONOMICS > 3801 Applied economics > 380112 Macroeconomics (incl. monetary and fiscal theory) @ 100%
SEO Codes: 15 ECONOMIC FRAMEWORK > 1502 Macroeconomics > 150203 Economic growth @ 50%
15 ECONOMIC FRAMEWORK > 1502 Macroeconomics > 150205 Fiscal policy @ 50%
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