000			01690nab#a2200301#c#4500
999			_c102643 _d102643
003			IEF
005			20191120152437.0
008			160907s2015 ESP|| #####0 b|ENG|u
040			_aIEF _cES-MaIEF
041			_aENG
100	1		_aAfonso, António _950231
245			_aThe role of government debt in economic growth _c Antonio Afonso, José Alvés
260			_c2015
500			_aDispone de versión electrónica. Resumen. Bibliografía. Conclusión.
520			_aWe study the effect of public debt on economic growth for anual and 5-year average growth rates, as well as the existence of non-linearity effectsof debt on growth for 14 European countries from 1970 until 2012. We also consider debt-to-GDP ratio interactions with various subsets of monetary, public finance, institutional and macroeconomic variables. Our results show a máximum negative impact of around -0.04% and -0.03% for each 1% increment of public debt, foranual and 5-year average growth rates, respectively. In addition, we find average debt ratio thresholds of around 75%. Belonging to the Eurozone has a detrimental effect at least -0.5% for real per capita GDP, and the banking crisis is themost harmful crisis for growth.
650		4	_aDEUDA PUBLICA _942647
650		4	_aDESARROLLO ECONOMICO _950224
650		4	_aPRODUCTO INTERIOR BRUTO _948149
650		4	_aUNION EUROPEA _948644
650		4	_aBANCOS _932280
650		4	_aCRISIS FINANCIERA _955516
700	1		_aAlves, José Costa _964402
773	0		_tHacienda Pública Española _w34570 _gn. 215 (4/2015), p. 9-26
856			_uhttps://hpe-rpe.org/published-articles/#91-wpfd-215-4-2015
942			_2udc
942			_2udc