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1,826 claims from 1,124 papers are on the record. 46 have been checked so far; the other 1,780 have no check with a result yet.

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Status: Unchecked ×Keyword: bidirectional causality ×Clear all

2 claims from 1 paper

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

   Causality between Public Debt and Real Growth in the OECD : A Country‐by‐country Analysis

   Donayre and Taivan · Economic Papers A journal of applied economics and policy · 2017

   The paper tests the direction of causality between public debt and real growth in 20 OECD countries over 40 years from 1970, and finds results that differ between countries.

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   1. UncheckedIn this study of 20 OECD countries, the direction of causality between public debt and growth differs by country, so higher debt need not always lower growth.“In particular, the causal link is intrinsic to each country and it cannot be inferred that higher debt always leads to lower economic growth.”
   2. UncheckedIn 20 OECD countries, debt precedes low growth in modern welfare states, while in traditional or larger-government states causality runs from growth to debt or both ways.“We found that while modern welfare states tend to face low real growth following increases in public debt, more traditional welfare states and those with larger governments typically exhibit either causality from low growth to debt accumulation or bidirectional causality.”