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Keyword: Spain ×Clear all

1 claim from 1 paper

1. Economics, Econometrics and Finance › Fiscal Policies and Political Economy

   Heterogeneity in the debt-growth nexus: Evidence from EMU countries

   Gómez‐Puig and Sosvilla‐Rivero · International Review of Economics & Finance · 2017

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   1. UncheckedThe paper's results suggest debt starts to harm growth in all EMU countries studied except Belgium, well below the 60% Stability and Growth Pact ceiling.“The results suggest that in all the countries but Belgium a debt increase begins to have detrimental effects on growth well before the SGP debt ceiling (a debt ratio of around 40% and 50% in central and peripheral countries, respectively) is reached.”