2021
DOI: 10.1016/j.najef.2021.101462
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The US debt–growth nexus along the business cycle

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Cited by 4 publications
(3 citation statements)
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References 32 publications
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“…G omez-Puig et al (2022) provide additional findings on supportive factor of the economic growth, which are institutions, proportion of productive expenditures, level of indebtedness and debt maturity. In support, the relation between public debt and economic growth is robustly checked based on various approaches, for example, business cycle (Martins, 2021) and the Ricardian equivalence (Sardoni, 2021). These studies recommend that governments restructure their expenditures to facilitate the economic growth as well as maintain a stable and sustainable level of public debt.…”
Section: Literature Reviewmentioning
confidence: 99%
“…G omez-Puig et al (2022) provide additional findings on supportive factor of the economic growth, which are institutions, proportion of productive expenditures, level of indebtedness and debt maturity. In support, the relation between public debt and economic growth is robustly checked based on various approaches, for example, business cycle (Martins, 2021) and the Ricardian equivalence (Sardoni, 2021). These studies recommend that governments restructure their expenditures to facilitate the economic growth as well as maintain a stable and sustainable level of public debt.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Gómez-Puig, Sosvilla-Rivero và Martínez-Zarzoso (2022) cung cấp những phát hiện bổ sung về yếu tố hỗ trợ tăng trưởng kinh tế, đó là thể chế, tỷ trọng chi tiêu sản xuất, mức độ mắc nợ và thời gian đáo hạn nợ. Mối quan hệ giữa nợ công và tăng trưởng kinh tế được kiểm tra chặt chẽ dựa trên nhiều cách tiếp cận khác nhau, ví dụ, chu kỳ kinh doanh (Martins, 2021) và tương đương (leading), tức là các sự kiện xảy ra trước khi nền kinh tế thay đổi hay không (Manuele, 2009). Do tính chất cụ thể của các chỉ báo sớm như ngẫu nhiên (Marcellino, 2006), việc nợ công dự đoán hoặc tương tác với các chỉ báo sớm dường như là không thể.…”
Section: Cơ Sở Lý Thuyết Và Nghiên Cứu Trướcunclassified
“…Firstly, it is difficult to draw a consistent conclusion on the impact of local government debt on financial ecological environment. Local government debt stimulates economic growth by supplementing local financial resources and promoting infrastructure development (Martins, 2021). However, the expansion of debt leads to long-term changes in the fund structure and interest rates, resulting in crowding-out effects on commercial bank loans and private capital investment.…”
Section: Research On the Impact Of Government Debt On The Financial E...mentioning
confidence: 99%