Cooray, Arusha, and Ozmen, Ibrahim (2024) The role of institutions on public debt: A quantile regression approach. International Review of Economics & Finance, 93 (Part A). pp. 912-928.

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Abstract

The unprecedented rise in debt levels across countries has given rise to the role of institutions on public debt. This study examines the impact of institutions on government debt in a sample of 54 EU and non-EU countries, covering the 2010 to 2022 period, employing the Logistic Quantile Regression (LQR) and Recentered Influence Function (RIF) method, Our results indicate that the effect of institutions varies across the distribution of government debt. The results show that government effectiveness, regulatory quality, voice, and accountability have similar effects in the EU and non-EU countries. However, political stability and the control of corruption have a significant and debt reducing effect only in EU countries. Robustness checks confirm our findings.

Item ID:	82673
Item Type:	Article (Research - C1)
ISSN:	1873-8036
Copyright Information:	Published by Elsevier Inc. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
Date Deposited:	16 May 2024 03:29
FoR Codes:	38 ECONOMICS > 3801 Applied economics > 380112 Macroeconomics (incl. monetary and fiscal theory) @ 30% 38 ECONOMICS > 3801 Applied economics > 380113 Public economics - public choice @ 70%
SEO Codes:	15 ECONOMIC FRAMEWORK > 1502 Macroeconomics > 150205 Fiscal policy @ 50% 15 ECONOMIC FRAMEWORK > 1502 Macroeconomics > 150299 Macroeconomics not elsewhere classified @ 50%
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